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Reliance Capital reports three fold jump in Q1 consolidated net profit

29 Jul 2013 Evaluate

Reliance Capital has reported results for first quarter ended June 30, 2013.

On the consolidated basis, the group registered about three fold jump in its net profit after taxes, minority interest at Rs 133 crore for the quarter as compared to Rs 45 crore for the same quarter in the previous year. Total income of the company, on consolidated basis, has increased by 15.63% at Rs 1938 crore for quarter under review as compared to Rs 1676 crore for the quarter ended June 30, 2012.

Reliance Capital is part of Reliance Capital, one of India’s largest financial services companies with over 20 million customers. The company is the only AMC in India to have been chosen to manage both public funds sponsored by the Indian government - the Provident Fund and Pension Fund.

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