Reliance Capital Q1 net up 194 percent

Reliance Capital posted a net profit of Rs.133 crore for the April-June quarter of this financial year - an increase of 194 percent over Rs.45 crore made during the corresponding period of the last fiscal.

The consolidated total income of the Anil Ambani-led Reliance Group company stood at Rs.1,938 crore against Rs.1,676 crore logged during the corresponding previous period, an increase of 16 percent, a company statement said here Monday.

The total assets of the company were at Rs.42,155 crore, an increase of 12 percent.

Among the group companies, Reliance Capital Asset Management (RCAM) managed Rs.1,78,821 crore on June 30, 2013, across mutual funds, pension funds, managed accounts and offshore funds.

The average assets under management (AAUM) of Reliance Mutual Fund for the quarter stood at Rs.97,771 crore - a year-on-year increase of 21 percent.

Reliance Life Insurance (RLI) achieved a profit of Rs.56 crore - a year-on-year increase of 196 percent.

Reliance General Insurance's profit for the quarter was Rs.10 crore as against a loss of Rs.20 crore for the quarter ended June 30, 2012.

The Reliance Capital stock ended at Rs.360.85, down 2.76 percent, at the Bombay Stock Exchange Monday.