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Reliance Capital reports widening of standalone net loss to Rs 387 cr in Q1

The Anil Ambani-controlled firm had posted a net loss of Rs 116 crore in the same quarter of the previous financial year

Reliance Capital
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In 2019-20, the company had posted a standalone net loss of Rs 5,465 crore

Press Trust of India New Delhi

Reliance Capital on Friday reported widening of its standalone net loss to Rs 387 crore during the first quarter of the current fiscal.

The Anil Ambani-controlled firm had posted a net loss of Rs 116 crore in the same quarter of the previous financial year. It logged a net loss of Rs 2,501 crore in the preceding quarter ended March 2020.

In 2019-20, the company had posted a standalone net loss of Rs 5,465 crore.

Total income (standalone) of the company also fell to Rs 277 crore in the April-June period of 2020-21 from Rs 363 crore in same period of 2019-20, Reliance