Published on 2/02/2021 2:03:21 PM | Source: Dion Global Solutions Ltd

Reliance Capital posts Q3 net loss of Rs 4244.00 cr

Posted in Stock Market| #Stock Market #NBFC #Reliance Capital Ltd. #Quarterly Result

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia

Download Telegram App before Joining the Channel

The company reported standalone net loss during the quarter stood at Rs 4244.00 crore as compared to net loss of Rs 28.00 crore in the previous year quarter. Net revenue of the company declined substantially by 98.32 per cent at Rs 10.00 crore in October-December quarter of this fiscal as against Rs 597.00 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 1767.48 per cent to Rs 3,847.00 crore from Rs 206.00 crore in year ago period. Operating Profit slipped by 1081.33 per cent to Rs -3,837.00 crore as against Rs 391.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 58689.10 per cent in December quarter. Interest declined by 2.88 per cent y-o-y to Rs 405.00 crore