Reliance Home Fi­nance net jumps

The Hindu Business Line - - BANKING -

Reliance Home Fi­nance, a sub­sidiary of Reliance Cap­i­tal, re­ported a 105 per cent jump in sec­ond quar­ter net profit at ₹41 crore against ₹20 crore in the year-ago pe­riod. Rev­enue from op­er­a­tions in the re­port­ing quar­ter was up 51 per cent year-on-year (y-o-y) at ₹389 crore. Other in­come jumped to ₹18 crore (₹8 crore in the year-ago pe­riod). Fi­nance costs rose 46 per cent to ₹264 crore. Loan dis­burse­ments in­creased 26 per cent to ₹2,003 crore.

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