Reliance Home Finance Q3 net rises 37 %

NEW DELHI: Reliance Home Finance, part of Reliance Capital, on Tuesday posted a 37.5 increase in net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in OctoberDecember quarter of 2017, Reliance Home Finance Ltd (RHFL) said in a regulatory filing to the stock exchanges. The company's total income rose by 22 per cent to Rs 516 crore in third quarter ended December 31, 2018 from Rs 424 crore in the year-ago period. "Q3 FY19 has been a good quarter for us and we continued on the path of profitable growth. RHFL has a clear focus on expanding the book along with a robust growth in the net worth, without compromising on the asset quality. "The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder returns," Reliance Home Finance, ED and CEO, Ravindra Sudhalkar said.