Mumbai : Reliance Capital posted a consolidated net profit of Rs 401 crore for the three-month period ended September 30, 2012. The entity had net profit of Rs 33 crore in July-September quarter of 2011, R-Cap said.
The company’s total income rose to Rs 2,437 crore in the second quarter ended September 30, 2012. It the year-ago period, it had reported total income of Rs 1,573 crore. R-Cap attributed the impressive quarterly earnings to increase in topline of commercial finance business and gains accrued from the stake sale in Reliance Capital Asset Management.
It said that financial results for the current quarter are not comparable with previous corresponding quarter as Viscount Management Services (Alpha) Ltd, amalgamated with the company with effect from October 2011.
Reliance Infra Q2 net profit up 6 %
Reliance Infrastructure (RInfra) on Tuesday declared a 6 % jump in profits for the quarter ending Sep 30 to Rs.382 crore ($72 million), from Rs.362 crore in the corresponding quarter of previous year. RInfra’s Delhi-Agra toll road became operational during the quarter along with the commissioning of extra voltage sub-station in Mumbai. . Operating income from operations declined to Rs.5,515 crore from Rs.5,729 crore, year-on-year.