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Reliance Capital records Q2 profit at Rs 2.8 bn; income rises to Rs 53.3 bn

Press Trust of India/New Delhi 27 Nov 18 | 08:35 PM

File photo of Anil Ambani. (Photo: PTI)

Reliance Capital on Tuesday reported a consolidated net profit of Rs 2.8 billion for the quarter ended September 30.

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It had posted a net loss of Rs 1.63 billion during the corresponding quarter of the previous financial year.

Total income of the company rose to Rs 53.30 billion in the second quarter of 2018-19 from Rs 48.41 billion in the year-ago period, Reliance Capital said in a regulatory filing.

ALSO READ: Reliance Capital raises long-term financing of Rs 40 bn through asset pool

The earnings per share for the quarter stood at Rs 12.30.

The Anil Ambani-owned company has promoters' shareholding at 52 per cent, while foreign investors have 20.1 per cent stake.

Domestic institutions and financial institutions (banks, mutual funds) have a shareholding of 8.4 per cent, while the remaining 19.5 per cent is held by public and others.

ALSO READ: Reliance Capital to exit all non-financial business in next 12-18 months

Reliance Capital has interests in asset management and mutual funds, pension funds, life, health, and general insurance, commercial and home finance, stockbroking, wealth management services and distribution of financial products, among others.

Shares of the company closed 1.54 per cent higher at Rs 234.80 on BSE.

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