Reliance Capital’s Broking & Distribution arm - Reliance Securities has reported its financial results for the quarter ended December 31, 2017. The total income, for the quarter under review, was Rs 83 crore ($13 million) - a YoY increase of 2%. The profit before tax rose to Rs 14 crore ($2 million) in Q3FY18, as against a profit of Rs 13 crore in Q2FY18.
In equity broking, the average daily stock exchange turnover grew to Rs 4,524 crore ($707 million) - a YoY increase of 64%. The average daily turnover in cash - equity segment rose by 61% to Rs 335 crore ($52 million). As on December 31, 2017, there were about 8.5 lakh broking accounts - YoY increase 7%.
In commodity broking, as on December 31, 2017, the commodity broking accounts rose by 38% to over 98,000, with average daily commodities turnover of Rs 270 crore ($42 million). Wealth Management continued its robust growth and ended with Assets under Management (AUM) of Rs 5,431 crore ($849 billion) - a YoY increase of 51%.
