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Reliance Capital reports over two fold jump in Q3 net profit

22 Jan 2016 Evaluate

Reliance Capital has reported results for third quarter ended December 31, 2015.

The company has reported 119.74% rise in its net profit at Rs 167 crore for the quarter ended December 31, 2015 as compared to Rs 76 crore for the same quarter in the previous year. The company’s total income has increased by 14.53% to Rs 922 crore for the quarter under review from Rs 805 crore for the corresponding quarter of the previous year. 

Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.

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