Reliance Capital Q3 consolidated net profit declines nearly 5% to Rs 258 crore
Reliance Capital has reported 4.8% fall in the consolidated net profit for the third quarter ended on December 31, 2016.
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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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