Q1 Results: Reliance Capital Posts Net Profit Of Rs 272 Crore
Reliance Capital Ltd. has returned to profitability.
The firm today reported a consolidated net profit of Rs 272 crore for the April-June period, compared with a net loss in the same quarter last year.
Total income was at Rs 4,641 crore versus Rs 4,444 crore in the corresponding previous year, an increase of 4 percent, the company said in a release. Its earnings per share stood at Rs 11.7 in the first quarter.
As of June 30, 2018, Reliance Capital’s total assets stood at Rs 87,041 crore, up 7 percent from last year. The company however, did not incorporate the results of its insurance subsidiaries --Reliance General Insurance and Reliance Nippon Life Insurance.
The Anil Ambani-owned company has business interests in asset management and mutual funds, pension funds, life, health and general insurance, commercial and home finance and wealth management among others.
Shares closed 0.15 percent up at Rs 440.4 on BSE.