Reliance Capital profit jumps 64 pc to Rs 166cr in Oct-Dec

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The company had a net profit of Rs 101 crore in the same period a year ago. Reuters The company had a net profit of Rs 101 crore in the same period a year ago. Reuters
SummaryThe company had a net profit of Rs 101 crore in the same period a year ago.

Reliance Capital today posted about 64 per cent jump in net profit at Rs 166 crore in the three months ended December 2013.

The company, part of Anil Ambani-led Reliance Group, had a net profit of Rs 101 crore in the same period a year ago.

In the third quarter of current fiscal, Reliance Capital's total income went up to Rs 1,889 crore from Rs 1,716 crore in the year-ago period, according to a company statement.

At the end of December last, the company had total assets to the tune of Rs 44,048 crore while net worth stood at Rs 12,563 crore.

The businesses under Reliance Capital include life insurance, general insurance, commercial finance, capital asset management and broking.

Reliance Life Insurance's (RLI) new business premium stood at Rs 401 crore in the 2013 December quarter.

"(RIL's) total funds under management as on December 31, 2013 stood at Rs. 18,073 crore...," the statement said.

Shares of the company today closed up by 1.02 per cent at Rs 321.55 on the BSE.

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