Reliance Capital has reported results for third quarter ended December 31, 2012.
The company, on consolidated basis, posted growth of 68.33% in its net profit at Rs 101 crore for the quarter as compared to Rs 60 crore for the same quarter in the previous year. Total income of the company increased by 9.88% at Rs 1,712 crore for quarter under review as compared to Rs 1,558 crore for the quarter ended December 31, 2011.
The results for the current quarter and nine months ended December 31, 2012 are not comparable with previous corresponding quarter and nine months ended as Viscount Management Services (Alpha) amalgamated with the company upon filling of the Scheme of Amalgamation with the Registrar of Companies on March 12, 2012 with effect from Appointed Date i.e. October 01, 2011.
Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services, distribution of financial products, investment banking, wealth management services, commercial finance, exchanges and other activities in financial services.
