Reliance Capital reports rise of 21% net profit for 2017-18

Mumbai, April 27: Reliance Capital on Thursday reported a rise of 21 per cent in its consolidated net profit for 2017-18 which rose to Rs 1,309 crore ($201 million).

According to the company, its total income during the fiscal under review grew by 13 per cent to Rs 19,898 crore ($3.1 billion) from Rs 17,640 crore in the corresponding previous year.

The company further reported that its net worth as on March 31, 2018 stood Rs 16,605 crore ($2.6 billion).

"As on March 31, 2018, the total assets of the company stood at Rs. 93,851 crore ($14.4 billion) - an increase of 14 per cent," Reliance Capital said in a statement.

"The company has not raised any fixed deposits from the public."

Reliance Capital, a part of the Reliance Group, ranks amongst the top private sector financial services and banking groups, in terms of net worth.