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Diversified financial services major Reliance Capital has reported a consolidated net profit of Rs 181 crore for the second quarter ended September 2013.
This is against a net profit of Rs 401 crore recorded in the same quarter last fiscal.
The second quarter bottomline performance this fiscal is not truly comparable as the year ago period saw a one-time gain from a 26 per cent stake sale in its asset management and mutual fund unit to Japanese insurance major Nippon Life for a consideration of Rs 1,450 crore.
For the September quarter this fiscal, Reliance Capital recorded a consolidated total income of Rs 1,854 crore, the company said in a filing with the stock exchanges today.
For the same quarter last fiscal, the consolidated total income was Rs 2,431 crore.
The second quarter consolidated bottomline performance of Rs 181 crore is higher than the consolidated net profit of Rs 133 crore reported in the first quarter this fiscal.
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