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Reliance Capital reports net loss of Rs 2820 crore in Q2

29 Oct 2019 Evaluate

Reliance Capital has reported results for second quarter ended September 30, 2019.

The company has reported a net loss of Rs 2820 crore for the quarter under review as against net profit of Rs 197 crore for the same quarter in the previous year. Total income of the company decreased by 67.90% at Rs 322 crore for Q2FY20 as compared Rs 1003 crore for the corresponding quarter previous year.

Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services companies. It has interests in asset management and mutual funds; life, health and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

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