Integrated Filing — IndAS

General information about company
Scrip Code	500390
NSE Symbol	RELINFRA
MSEI Symbol	NOTLISTED
ISIN	INE036A01016
Name of company	RELIANCE INFRASTRUCTURE LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	23-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	15-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Engineering and Construction
Start date and time of board meeting	23-May-2025   15:30:00
End date and time of board meeting	23-May-2025   17:35:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-14
Indicate Company website link for updated RPT policy of the Company	https://www.rinfra.com/documents/1142822/1189698/Related_Party_Transactions_Policy_updated.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	653600000	2118100000
	Other income	779300000	1426700000
	Total income	1432900000	3544800000
2	Expenses
(a)	Cost of materials consumed	572100000	1768900000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	192100000	762200000
(e)	Finance costs	365400000	3895500000
(f)	Depreciation, depletion and amortisation expense	38500000	138900000
(f)	Other Expenses
1	Other Expenses	641100000	2023300000
	Total other expenses	641100000	2023300000
	Total expenses	1809200000	8588800000
3	Total profit before exceptional items and tax	-376300000	-5044000000
4	Exceptional items	2537900000	-6063200000
5	Total profit before tax	2161600000	-11107200000
6	Tax expense
7	Current tax	2900000	4400000
8	Deferred tax	0	-29700000
9	Total tax expenses	2900000	-25300000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2158700000	-11081900000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	2158700000	-11081900000
17	Other comprehensive income net of taxes	29900000	27700000
18	Total Comprehensive Income for the period	2188600000	-11054200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	3961700000	3961700000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		55599800000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.45	-27.98
	Diluted earnings (loss) per share from continuing operations	4.8	-27.98
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	5.45	-27.98
	Diluted earnings (loss) per share from continuing and discontinued operations	4.8	-27.98
24	Debt equity ratio	0.0008	0.0008
25	Debt service coverage ratio	0.0001	-0.0037
26	Interest service coverage ratio	0.0001	-0.0055
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2010200000
	Capital work-in-progress	83300000
	Investment property	0
	Goodwill	0
	Other intangible assets	4800000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	94893700000
	Trade receivables, non-current	688900000
	Loans, non-current	77900000
	Other non-current financial assets	0
	Total non-current financial assets	95660500000
	Deferred tax assets (net)	0
	Other non-current assets	27800000
	Total non-current assets	97786600000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	100000000
	Trade receivables, current	3807300000
	Cash and cash equivalents	981600000
	Bank balance other than cash and cash equivalents	907700000
	Loans, current	10311900000
	Other current financial assets	3816600000
	Total current financial assets	19925100000
	Current tax assets (net)	0
	Other current assets	2734500000
	Total current assets	22659600000
3	Non-current assets classified as held for sale	14500000
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	120460700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	3961700000
	Other equity	55599800000
	Total equity attributable to owners of parent	59561500000
	Non controlling interest
	Total equity	59561500000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	2281800000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	285700000
	Total Trade payable	285700000
	Other non-current financial liabilities	7820400000
	Total non-current financial liabilities	10387900000
	Provisions, non-current	9700000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	2719600000
	Total non-current liabilities	13117200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2498200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	148100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	12790700000
	Total Trade payable	12938800000
	Other current financial liabilities	3446000000
	Total current financial liabilities	18883000000
	Other current liabilities	13501500000
	Provisions, current	9550300000
	Current tax liabilities (Net)	5847200000
	Deferred government grants, Current	0
	Total current liabilities	47782000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	60899200000
	Total equity and liabilites	120460700000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	-29900000	-27700000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	29900000	27700000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-11107200000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			3895500000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			138900000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			809700000
	Adjustments for other financial assets, current			-383000000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			5599300000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			0
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			32000000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			-48800000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			6000000
	Adjustments for interest income			724300000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			-515500000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			6391500000
	Other adjustments for non-cash items			125000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			130000000
	Total adjustments for reconcile profit (loss)			15444300000
	Net cash flows from (used in) operations			4337100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-82400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4419500000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			85900000
	Proceeds from sales of investment property			0
	Purchase of investment property			483300000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			2800000000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			1876000000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			6000000
	Interest received			49700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-5189500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			7536000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			30420000000
	Payments of lease liabilities			3900000
	Dividends paid			0
	Interest paid			3943000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			28020000000
	Net cash flows from (used in) financing activities			1189100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			419100000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			419100000
	Cash and cash equivalents cash flow statement at beginning of period			562700000
	Cash and cash equivalents cash flow statement at end of period			981800000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Disclaimer of opinion	Whether appeared first time	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Disclaimer of opinion	Repetitive	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)

Text Block
Textual Information(1)	We refer to Note 14 to the standalone financial results as regards the mediation concluded before the Main Mediation Centre, Honble Bombay High Court, whereby the dispute of the Company with EPC company stands fully settled, pursuant to which the Companys exposure to EPC company as on March 31, 2025, stands reduced to Rs. NIL and the corporate guarantees towards general corporate purpose given on behalf of EPC company which are fully provided, more particularly described in said note. We were unable to determine about relationship of EPC company with the company in respect of the matter stated in the aforesaid note. Further we are unable to determine the overall recovery of the assignment of Economic rights of shareholding in Odisha Discoms and in shares and securities in certain unlisted entities (refer para (a) and (c) of Note 14 respectively) acquired pursuant to Consent Terms/Settlement Agreement from the EPC company. Accordingly, we are unable to determine the consequential implications arising therefrom in the standalone financial results of the Company.
Textual Information(2)	Not Applicable
Textual Information(3)	Not Applicable n n
Textual Information(4)	The Company is confident of Recovery against the economic rights assigned n n
Textual Information(5)	Not Determinable n n
Textual Information(6)	We refer to Note 18 of the Standalone financial results wherein the loss on invocation of shares and/or fair valuation of shares held as investments in Reliance Power Limited (RPower) aggregating to Rs. 5,024.88 Crore for the year ended March 31, 2020 was adjusted against the capital reserve instead of charging the same in the Statement of Profit and Loss. The said treatment of loss on invocation and fair valuation of investments was not in accordance with the Ind AS 28 Investment in Associates and Joint Venture, Ind AS 1 Presentation of Financial Statements and Ind AS 109 Financial Instruments. Had the Company followed the above Ind ASs Net Worth of the Company as at March 31, 2024, December 31, 2024 and March 31, 2025 would have been lower by Rs. 5,024.88 Crore.
Textual Information(7)	With respect to Item II(a)(2) Management view is set out as below: nDuring the year ended March 31, 2020 Rs. 3,050.98 Crore being the loss on invocation of pledge of shares of RPower held by the Company has been adjusted against the capital reserve. According to the management of the Company, this is an extremely rare circumstance where even though the value of long term strategic investment is high, the same is being disposed off at much lower value for the reasons beyond the control of the Company, thereby causing the said loss to the Company. Hence, being the capital loss, the same has been adjusted against the capital reserve. nFurther, due to said invocation, during the year ended March 31, 2020, investment in RPower has been reduced to 12.77% of its paid-up share capital. Accordingly in terms of Ind AS 28 on Investments in Associates, RPower ceases to be an associate of the Company. Although this being strategic investments and Company continues to be promoter of the RPower, due to the invocations of the shares by the lenders for the reasons beyond the control of the Company the balance investments in RPower have been carried at fair value in accordance with Ind AS 109 on financial instruments and valued at current market price and loss of Rs. 1,973.90 crore being the capital loss, has been adjusted against the capital reserve n
Textual Information(8)	Not Applicable
Textual Information(9)	Not Applicable n n
Textual Information(10)	Not Applicable n n

Signatory Details
Name of signatory	Paresh Rathod
Designation of person	Company Secretary and Compliance Officer
Place	Mumbai
Date	23-May-2025