Reliance Capital reports consolidated net loss of Rs 1124 crore in Q1

03 Aug 2020 Evaluate

Reliance Capital has reported results for first quarter ended June 30, 2020.

The company has reported net loss of Rs 387 crore for the quarter under review as against net loss of Rs 116 crore for the same quarter in the previous year. Total income of the company decreased 37.47% at Rs 227 crore for Q1FY21 as compared Rs 363 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss attributable to owners at Rs 1124 crore for the quarter under review as against net profit of Rs 1233 crore for the same quarter in the previous year. Total income of the company decreased by 29.52% at Rs 4287 crore for Q1FY21 as compared Rs 6083 crore for the corresponding quarter previous year.

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