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	Consolidated
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	Multi segment
Description of single segment
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

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	Consolidated	Consolidated
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	41080100000	235918800000
	Other income	1600400000	4074100000
	Total income	42680500000	239992900000
2	Expenses
(a)	Cost of materials consumed	940100000	2058600000
(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	2786700000	11612700000
(e)	Finance costs	3745000000	17842200000
(f)	Depreciation, depletion and amortisation expense	3597500000	14212300000
(f)	Other Expenses
1	Cost of Power Purchase	27396200000	146675600000
2	Late Payment Charges	4259000000	16990200000
3	Other Expenses	5555200000	21017200000
	Total other expenses	37210400000	184683000000
	Total expenses	48279700000	230408800000
3	Total profit before exceptional items and tax	-5599200000	9584100000
4	Exceptional items	5143500000	10997200000
5	Total profit before tax	-455700000	20581300000
6	Tax expense
7	Current tax	65200000	103200000
8	Deferred tax	-90300000	-165500000
9	Total tax expenses	-25100000	-62300000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	82748700000	64257500000
11	Net Profit Loss for the period from continuing operations	82318100000	84901100000
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	300800000	6871100000
16	Total profit (loss) for period	82618900000	91772200000
17	Other comprehensive income net of taxes	20800000	10200000
18	Total Comprehensive Income for the period	82639700000	91782400000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	43870800000	49375200000
	Total profit or loss, attributable to non-controlling interests	38749700000	38749700000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	43888600000	49383000000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	38749700000	42399400000
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		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	110.75	124.64
	Diluted earnings (loss) per share from continuing operations	84.09	109.87
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	110.75	124.64
	Diluted earnings (loss) per share from continuing and discontinued operations	84.09	109.87
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	94845800000
	Capital work-in-progress	9910800000
	Investment property	0
	Goodwill	767500000
	Other intangible assets	81523700000
	Intangible assets under development	3818600000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	86501400000
	Trade receivables, non-current	688900000
	Loans, non-current	0
	Other non-current financial assets	3224000000
	Total non-current financial assets	90414300000
	Deferred tax assets (net)	619400000
	Other non-current assets	396200000
	Total non-current assets	282296300000
2	Current assets
	Inventories	1785800000
	Current financial asset
	Current investments	205300000
	Trade receivables, current	15316800000
	Cash and cash equivalents	23950900000
	Bank balance other than cash and cash equivalents	4654000000
	Loans, current	2865400000
	Other current financial assets	9302000000
	Total current financial assets	56294400000
	Current tax assets (net)	0
	Other current assets	6725300000
	Total current assets	64805500000
3	Non-current assets classified as held for sale	13622100000
4	Regulatory deferral account debit balances and related deferred tax Assets	297684800000
	Total assets	658408700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	3961700000
	Other equity	140340300000
	Total equity attributable to owners of parent	144302000000
	Non controlling interest	93826300000
	Total equity	238128300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	19331200000
	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	50841800000
	Total non-current financial liabilities	70458700000
	Provisions, non-current	5190000000
	Deferred tax liabilities (net)	2879700000
	Deferred government grants, Non-current	0
	Other non-current liabilities	24222300000
	Total non-current liabilities	102750700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	43594900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	722600000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	169610300000
	Total Trade payable	170332900000
	Other current financial liabilities	45528800000
	Total current financial liabilities	259456600000
	Other current liabilities	25305100000
	Provisions, current	11533700000
	Current tax liabilities (Net)	5856000000
	Deferred government grants, Current
	Total current liabilities	302151400000
3	Liabilities directly associated with assets in disposal group classified as held for sale	15378300000
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	420280400000
	Total equity and liabilites	658408700000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	- Power Business	118429000000	281209700000
2	- Engineering and Construction Business	653600000	2118100000
3	- Infrastructure Business	3480000000	13715500000
4	Others	1266200000	3133000000
	Total Segment Revenue	123828800000	300176300000
	Less: Inter segment revenue	0	0
	Revenue from operations	123828800000	300176300000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	- Power Business	84254000000	107645200000
2	- Engineering and Construction Business	131000000	251000000
3	- Infrastructure Business	-204900000	197100000
4	Others	108200000	274600000
	Total Profit before tax	84288300000	108367900000
	i. Finance cost	3745000000	3745000000
	ii. Other Unallocable Expenditure net off Unallocable income	-1749700000	-1749700000
	Profit before tax	82293000000	84838800000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	- Power Business	405820700000	405820700000
2	- Engineering and Construction Business	29061500000	29061500000
3	- Infrastructure Business	96636700000	96636700000
4	Others	6925900000	6925900000
	Total Segment Asset	538444800000	538444800000
	Un-allocable Assets	119963900000	119963900000
	Net Segment Asset	658408700000	658408700000
4	Segment Liabilities
	Segment Liabilities
1	- Power Business	210824400000	210824400000
2	- Engineering and Construction Business	23963300000	23963300000
3	- Infrastructure Business	46655300000	46655300000
4	Others	6925900000	6925900000
	Total Segment Liabilities	288368900000	288368900000
	Un-allocable Liabilities	225737800000	225737800000
	Net Segment Liabilities	514106700000	514106700000
	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	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of net defined benefit plans : Gains / (Loss)	-30400000	-9300000
2	Net movement in Regulatory Deferral Account balances related to OCI	52200000	30500000
	Total Amount of items that will not be reclassified to profit and loss	21800000	21200000
2	Income tax relating to items that will not be reclassified to profit or loss	1300000	1600000
3	Amount of items that will be reclassified to profit and loss
1	Foreign Currency translation loss	300000	-9400000
	Total Amount of items that will be reclassified to profit and loss	300000	-9400000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	20800000	10200000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			20581300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			17842200000
	Adjustments for decrease (increase) in inventories			-636500000
	Adjustments for decrease (increase) in trade receivables, current			-47370900000
	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			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-35978000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			14212300000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			499800000
	Adjustments for provisions, non-current			-64400000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			113500000
	Adjustments for dividend income			0
	Adjustments for interest income			2362300000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	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)			64257500000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			10513200000
	Net cash flows from (used in) operations			31094500000
	Dividends received			-6000000
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			271200000
	Other inflows (outflows) of cash			5749400000
	Net cash flows from (used in) operating activities			36566700000
	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			91700000
	Purchase of property, plant and equipment			13218100000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			1430300000
	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			0
	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			2062600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-4825400000
	Net cash flows from (used in) investing activities	-17313500000
	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			-7321900000
	Repayments of borrowings			27903300000
	Payments of lease liabilities			0
	Dividends paid			98400000
	Interest paid			10447300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			25718000000
	Net cash flows from (used in) financing activities			-12516900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			6736300000
	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			6736300000
	Cash and cash equivalents cash flow statement at beginning of period			17301100000
	Cash and cash equivalents cash flow statement at end of period			24037400000

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)	1.tWe refer to Note 20 to the consolidated 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 the 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 20 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 consolidated financial results of the Company.
Textual Information(2)	Not Applicable
Textual Information(3)	Not Applicable
Textual Information(4)	The Company is confident of recovery against the economic rights assigned.
Textual Information(5)	Impact is not determinable
Textual Information(6)	2.tWe refer to Note 25 of the consolidated 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. 5,312.02 Crore for the year ended March 31, 2020 was adjusted against the capital reserve/capital reserve on consolidation 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, the Net Worth of the Group as at March 31, 2024 and March 31, 2025 would have been lower by Rs. 5,312.02 Crore.
Textual Information(7)	For Audit Qualification(s) where the impact is quantified by the auditor, Management's views: nWith respect to Item II(a)(2) Management view as below : nDuring the financial year 2019-20, due to unforeseen circumstances beyond the control of the Company, on account of invocation of pledge by a lender on the Companys strategic investment in equity shares of Reliance Power Limited and sale thereafter had resulted in significant losses and also reduction in the fair value of the remaining investment on mark to market basis. The Company, based on expert opinion, adjusted such loss and reduction in the value aggregating to Rs 5,312.02 crore of its strategic investments against the capital reserve. Accordingly, the disclosures are continued in its financial statements. However, the auditors have mentioned in their report that such accounting treatment is not in accordance with the Ind AS 1, Presentation of Financial Statements, Ind AS 109, Financial Instruments and Ind AS 28, Investment in Associates and Joint Ventures 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 Parent Company. Although this being strategic investment and Parent 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 Parent 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. 2,096.25 crore being the capital loss, has been adjusted against the capital reserve. n
Textual Information(8)	Not Applicable
Textual Information(9)	Not Applicable
Textual Information(10)	Not Applicable