Reliance Capital Q3 net profit up 68 percent

Last Updated: Tue, Jan 29, 2013 12:50 hrs

New Delhi, Jan 29 (IANS) Reliance Capital (R-Cap) Tuesday reported a 68.33 percent growth in net profit to Rs.1,010 million for the quarter ended Dec 31, 2012, as compared to Rs.600 million in the like period last year.

The company's total income increased 7.25 percent to Rs.17.16 billion from Rs.16 billion in the year ago period.

The growth in revenues was driven by increase in topline of general insurance, commercial finance and Reliance Capital Asset Management.

The group's commercial finance operations has reported a total income of Rs. 5.25 billion for the quarter in question, against Rs.4.99 billion for the corresponding period of the previous fiscal.

Its revenues from brokerage business were at Rs.630 million.

Shares of the company gained Rs.7.9, or 1.66 percent, to trade at Rs.484.85 in afternoon trade on the Bombay Stock Exchange (BSE).

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