Reliance Infrastructure (RInfra) announced a sharp decline in its net profit for the fourth quarter, reporting ₹918 crore compared to ₹4,387.08 crore in the same period last year. This substantial decrease reflects challenges faced by the company in the recent fiscal period. Alongside the financial results, RInfra has appointed Vijesh Babu Thota as its new Chief Executive Officer. This leadership change comes at a critical time as the company navigates through a period of reduced profitability. The appointment of Thota is expected to guide RInfra's strategic direction moving forward. The company had reported a net profit of ₹4,387.08 crore in the same quarter a year ago.