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Reliance Capital profit jumps 65 percent

Posted on Feb 07 2014 | IANS

Mumbai, Feb 7 : Reliance Capital, a unit of Anil Ambani-led Reliance Goup, Friday said its net profit jumped by 65 percent to Rs.166 crore (USD 27 million) in the third quarter of the current fiscal.

The company's total income increased by 10 percent to Rs.1,889 crore (USD 305 million) during the October-December 2013 quarter as against Rs.1,716 crore recorded in the same period of previous year.

As on Dec 31, 2013, the net worth of the Company stood at Rs.12,563 crore (USD 2 billion), registering an year-on-year increase of 6 percent, Reliance Capital said in a statement.

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