Reliance Capital Q3 profit jumps by 68 pc to Rs 101 cr

MUMBAI: Reliance Capital today posted over 68 per cent rise in consolidated net profit at Rs 101 crore for the third quarter ended December 31, 2012 on the back of all-round growth.

The company had reported a net profit of Rs 60 crore for the October-December quarter of 2011, Reliance Capital said in a statement.

R-Cap's total income rose to Rs 1,716 crore in the third quarter ended December 2012, against a total income of Rs 1,600 crore in the same period of previous year.

R-Cap is the financial services arm of Anil Ambani-led Reliance Group and is present in businesses including asset management, mutual fund, insurance, brokerage and various other segments of the financial services sector.

Its commercial finance operations reported a total income at Rs 525 crore for the quarter ended December 2012, against Rs 499 crore for the corresponding period of previous year.

Its revenue from brokerage business was at Rs 63 crore. Reliance Capital Asset Management's income from its operations was Rs 228 crore in the third quarter ended December 2012, against Rs 155 crore in Q3 2011-12.

Shares of the company closed the day at Rs 468.45, down 1.78 per cent on the BSE.