Religare Enterprises reports 99% rise in Q3 consolidated net profit

Religare Enterprises has reported results for third quarter ended December 31, 2015. 

The company has reported a net profit of Rs 127.66 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 18.06 crore for the same quarter in the previous year. The company’s total income has increased by 15.44% to Rs 21.09 crore for the quarter under review from Rs 18.27 crore for the corresponding quarter of the previous year.   

On the consolidated basis, the company has reported 98.70% rise in its net profit at Rs 185.33 crore for the quarter ended December 31, 2015 as compared to Rs 93.27 crore for the same quarter in the previous year. Total income of the company has increased by 0.32% at Rs 1136.85 crore for quarter under review as compared to Rs 1133.21 crore for the quarter ended December 31, 2014.