Friday, October 30, 2009

Reliance Capital revenues up to Rs.681 crore

Financial services company Reliance Capital, part of the Anil Dhirubhai Ambani Group, Friday said its revenues for the quarter ended Sep 30 grew 1.47 percent to Rs.681 crore from Rs.671 crore in the corresponding quarter last fiscal.

The company's net profit for the quarter, however, fell 44 percent to Rs.109 crore from Rs.195 crore in the like quarter in the previous fiscal.

Revenues from core operations such as investments and consumer finance rose to Rs.681 crore in the quarter under review from Rs.671 crore in the previous corresponding period.

Reliance Capital has interests in financial services such as mutual funds, life and general insurance, stock broking and consumer finance.

The company's mutual fund business -- Reliance Mutual Fund -- recently became the first mutual fund house in the country to cross an average asset under management (AAUM) of Rs.1 lakh crore.
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