Reliance Capital’s Broking & Distribution arm -- Reliance Securities has reported its financial results for the quarter ended March 31, 2018. The total income, for the quarter under review, was Rs 101 crore ($16 million) - a YoY increase of 8%. For the year ended March 31, 2018, the total income was Rs 350 crore ($54 million) - a YoY increase of 13%.
For the quarter ended March 31, 2018, the Profit before Tax rose to Rs 16 crore ($2 million) - a YoY increase of 134%. For the year ended March 31, 2018, the Profit before Tax rose to Rs 49 crore ($8 million) - a YoY increase of 19%.
In equity broking, the average daily stock exchange turnover grew to Rs 5,335 crore ($821 million) - a YoY increase of 44%. The average daily turnover in cash - equity segment rose by 28% to Rs 308 crore ($47 million). As on March 31, 2018, there were over 8.5 lakh broking accounts - a YoY increase 7%.
As on March 31, 2018, the commodity broking accounts rose by 27% to around 1,02,000, while average daily commodities turnover increased by 23% to Rs 302 crore ($46 million), while Wealth Management continued its robust growth and ended with Assets under Management (AUM) of Rs 6,060 crore ($932 million) - a YoY increase of 47%.
