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Reliance Capital reports over 4-fold jump in Q1 consolidated net profit

16 Aug 2019 Evaluate

Reliance Capital has reported results for first quarter ended June 30, 2019. 

The company has reported net loss at Rs 116 crore for the quarter under review as against net profit of Rs 111 crore for the same quarter in the previous year. Total income of the company decreased by 10.31% at Rs 513 crore for Q1FY20 as compared Rs 572 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over four-fold jump in its net profit at Rs 1,218 crore for the quarter under review as compared to Rs 295 crore for the same quarter in the previous year. Total income of the company increased by 31.07% at Rs 6,083 crore for Q1FY20 as compared Rs 4,641 crore for the corresponding quarter previous year.  

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