Reliance Capital Q3 consolidated net profit declines nearly 5% to Rs 258 crore

Highlights:

1. Reliance Capital's Q3 FY17 consolidated net profit declined by 4.8% to Rs 258 crore as against Rs 271 crore in year-ago period

2. Total income from operations rose up by 67.9% to Rs 3,945 crore as compared to Rs 2,350 crore in the similar period of previous fiscal

3.Total expenses during the quarter went up by 122.6% to Rs 2,841 crore as against Rs 1,276 crore in the year-ago period

Reliance Capital  announced on Friday nearly 5% decline in the consolidated net profit for the third quarter (Q3) ended on December 31, 2016. 

The consolidated net profit of the financial arm of Reliance Group fell by 4.8% to Rs 258 crore for the October to December quarter of fiscal year 2016-17 (FY17) as against Rs 271 crore in the October to December quarter of fiscal year 2015-16 (FY16), cited Reliance Capital in a filing to the BSE.

We are delighted to share highlights of our performance in Q3FY17. Media Release: https://t.co/w3dOy0xOSQ
#RCapQ3FY17#LeadingInclusiveGrowth pic.twitter.com/nixWkismHx

— Reliance Capital (@RelianceCapital) February 10, 2017

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However, the company's total income from operations during the said quarter went up by 67.9% to Rs 3,945 crore as compared to Rs 2,350 crore in the corresponding period of previous fiscal.

Its total expenses during the third quarter (Q3) rose up by 122.6% to Rs 2,841 crore as against Rs 1,276 crore in the year-ago period. 

Reliance Capital is a financial service company and has interests in asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services, among other financial products. 

On Friday, the stock of Reliance Capital closed down 0.08% or Rs 0.40 at Rs 492.40 on the BSE.  

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