Money & Banking

Reliance Home Finance net jumps

Our Bureau Mumbai | Updated on January 09, 2018

Reliance Home Finance, a subsidiary of Reliance Capital, reported a 105 per cent jump in second quarter net profit at ₹41 crore against ₹20 crore in the year-ago period. Revenue from operations in the reporting quarter was up 51 per cent year-on-year (y-o-y) at ₹389 crore. Other income jumped to ₹18 crore (₹8 crore in the year-ago period). Finance costs rose 46 per cent to ₹264 crore. Loan disbursements increased 26 per cent to ₹2,003 crore.

Published on October 30, 2017

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