Mumbai: financial conglomerate Reliance Capital Ltd posted a Rs.213 crore net profit for the third quarter up from Rs.166 crore posted in the corresponding period of the previous fiscal.
In a statement issued here, the company said it had earned a total income of Rs.2,105 crore for the period which ended Dec 31, 2014 as against Rs.1,889 crore earned for the period which ended Dec 31, 2013.
According to the statement, the total net worth as Dec 31, 2014 stood at Rs.13,156 crore, thus, logging a five percent growth.
The company's total assets went up by two percent to Rs.45,077 crore as Dec 31, 2014.
Reliance Capital has interests in life/general insurance, mutual fund, commercial finance, broking and distribution businesses.
The company's two insurance subsidiaries - Reliance Life and Reliance General - also logged business growth for the period under review.
According to the statement, Reliance Life earned a total premium (net of re-insurance) of Rs.1,052 crore up by eight percent for the quarter ending Dec 31, 2014.
On the other hand, Reliance General closed the third quarter with a gross premium of Rs.658 crore, a year-on-year (YoY) increase of 10 percent and a net profit of Rs.15 crore, a YoY increase of 37 percent.
Reliance Commercial Finance (RCF) disbursed Rs.2,351 crore for the quarter ended Dec 31, 2014. The assets under management stood at Rs.18,500 crore, thereby logging a YoY increase of 13 percent.
During the period under review, RCF securitised loans worth Rs.779 crore.
According to the statement, Reliance Capital Asset Management managed Rs.2,29,060 crore across various funds - mutual/pension/offshore.
Reliance Mutual Fund's average assets under management stood at Rs.1,26,069 crore as Dec 31, 2014, thereby logging a growth of 23 percent over the corresponding period during the previous year.
