Reliance Capital (RCL), controlled by Anil Ambani, reported a consolidated net profit for the June-end quarter of the current fiscal at Rs. 272 crores. The company had suffered a net loss of Rs. 378 crores during the April-June quarter of the previous fiscal year 2017-18.
Total income of the company stood at Rs. 4,641 crores during the quarter under review, as against Rs. 4,444 crores in the corresponding quarter of the previous year, posting an increase of 4%, the company said in a release.
Meanwhile, the company registered a standalone net profit of Rs. 111 crores in the April-June quarter of the current fiscal as against the loss of Rs 417 crore in the same quarter last fiscal. Also, the standalone revenue of the company fell 28 per cent to Rs. 563 crores as against Rs 790 crore in the corresponding quarter of the previous year.
Company’s earnings per share (EPS) stood at Rs.11.70 in the first quarter of the fiscal year 2018-19. The total assets of Reliance Capital are reported at Rs. 87,041 crores, recording a jump by 7% from a year ago corresponding period.
However, the company did not include the results of its insurance subsidiaries, namely; Reliance General Insurance and Reliance Nippon Life Insurance. The Reliance group has business interests in asset management and mutual funds, pension funds, life, health and general insurance, commercial and home finance and wealth management among others.