Anil Ambani-led Reliance Capital posts Rs 101 cr profit
Reliance Capital today posted a consolidated net profit of Rs 101 crore for the quarter ended December 31, 2012.
The company had reported a net profit of Rs 60 crore for the October-December quarter of 2011, Reliance Capital said in a statement.
Its total income rose to Rs 1,716 crore in the third quarter ended December 2012, against a total income of Rs 1,600 crore in the same period of previous year.
The company said the results for the current quarter and nine months ended December 31, 2012 are not comparable with previous corresponding quarter as Viscount Management Services (Alpha) Ltd, amalgamated with the company with effect from October 2011.
R-Cap is the financial services arm of Anil Ambani-led Reliance Group and is present in businesses including asset management, mutual fund, insurance, brokerage and various other segments of the financial services sector.
The group's commercial finance operations has reported a total income at Rs 525 crore for the quarter ended December 2012, against Rs 499 crore for the corresponding period of previous year.
Its revenues from brokerage business was at Rs 63 crore.
Reliance Capital Asset Management's income from its operations was Rs 228 crore in the third quarter ended December 2012, against Rs 155 crore in Q3 2011-12.
Shares of the company were trading at Rs 478.65, up 0.36 per cent in afternoon trade on the BSE.
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