Reliance Industrial Infrastructure Limited reported a largely stable profit performance for the March quarter, even as revenue declined sharply due to completion of fixed-term contracts.

The company posted a consolidated net profit of ₹3.22 crore in Q4 FY26, marginally higher than ₹3.20 crore in the year-ago period, according to its exchange filing.

Revenue, however, fell to ₹8.45 crore, compared with ₹12.5 crore a year earlier, reflecting the impact of contract closures during the quarter.

The decline in income was attributed to the completion of certain fixed-term contracts, a key driver of the company’s revenue stream. This indicates that the drop is largely cyclical rather than structural, linked to the timing of projects and execution cycles rather than underlying demand weakness.

Margins improve despite lower income

Despite the fall in revenue, profitability remained steady, supported by improved operating performance.

EBITDA for the quarter rose to ₹4.66 crore from ₹4.17 crore, while profit before tax also saw a strong increase on a year-on-year basis.

On a standalone basis, the company reported a net profit of ₹2.60 crore, up from ₹2.50 crore in the year-ago quarter, while income declined along similar lines.

The consistency across consolidated and standalone numbers highlights the underlying stability in operations despite revenue volatility.

The board has recommended a final dividend of ₹3.50 per share, subject to shareholder approval at the upcoming annual general meeting.

The shares of Reliance Industrial Infrastructure Limited ended 12% higher at ₹804.50 apiece on the National Stock Exchange on Wednesday. The company's stock has fallen nearly 2% during the past year, compared to the benchmark Nifty 50 index that has risen over 3% during the same period.