Mumbai Feb 8 (IANS) Reliance Capital Ltd on Thursday said it closed the third quarter of the current fiscal with a consolidated profit of Rs 315 crore.
In a statement issued here Reliance Capital said it had posted a net profit of Rs 315 crore for the quarter ended on December 31 a growth of 50 per cent.
The company said its total income at the end of third quarter stood at Rs 4 771 crore as against Rs 3 964 crore earned in the corresponding period of the previous year.
According to the statement the company s net worth as on December 31 stood at Rs 16 232 crore and a debt equity ratio of 2.48.
Group company Reliance Nippon Life Asset Management earned Rs 470 crore from operations for the period under review. The company posted a net profit of Rs 130 crore a year-on-year (YoY) growth of 26 per cent.
In the insurance space both the life and non-life insurance companies posted higher premium income during the period under review.
Reliance General Insurance s gross written premium for the quarter ended on December 31 stood at Rs 1 075 crore a YoY increase of 26 per cent and a profit of Rs 28 crore a YoY increase of 54 per cent.
Reliance Nippon Life Insurance logged 2 per cent growth in its net premium last quarter at Rs 998 crore as compared to corresponding period of the previous fiscal.
The group s broking arm Reliance Securities last quarter earned a total income of Rs 83 crore a YoY increase of 2 per cent and a profit of Rs 14 crore.
--IANS
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