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Reliance Capital Q4 loss narrows to Rs 1,649 cr- Business News

Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore

Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore Pexels Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group, on Saturday reported narrowing of its consolidated net loss to Rs 1,649 crore in the fourth quarter ended March 2021. The company had posted a net loss of Rs 2,179 crore in the January-March quarter of the last fiscal. Total consolidated income rose to Rs 5,163 crore in the quarter from Rs 3,780 crore in the year-ago quarter, Reliance Capital said in a regulatory filing. Total expenses also rose to Rs 6,564 crore as against Rs 5,846 crore in the corresponding quarter of last year. On a standalone basis, the company posted a loss of Rs 3,865 crore as against Rs 2,501 crore at the end of same quarter a year ago.

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