Reliance Capital Q1 net profit up 15% at Rs 238 cr

Reliance Capital has reported a 15 per cent rise in consolidated net profit at Rs 238 crore in the first quarter ended June 30, 2017.

Its net profit stood at Rs 207 crore in the year-ago period.

Total income stood at Rs 4,857 crore for the quarter ended June 2017 as against Rs 3,663 crore in the same quarter a year ago," Reliance Capital said in a statement.

As on June 30, 2017, the net worth of the company stood at Rs 16,777 crore, an increase of 7 per cent.

The total assets of the company rose to 26 per cent at Rs 87,465 crore.
 

Reliance Nippon Life Asset Management

, its mutual fund

subsidiary, recorded 23 per cent rise in profit at Rs 150 crore in the first quarter.

Reliance Commercial Finance (RCF), a non-banking finance company with a focus on both commercial and consumer finance space, posted a profit of Rs 65 crore.