In a statement, the company said it had posted a net profit of Rs 213 crore for the quarter ended December 31, 2018 -- up from Rs 6 crore posted during the corresponding quarter of 2017. During the quarter under review, the company had earned a total income of Rs.5,016 crore down from Rs 5,386 crore earned during the third quarter ended December 31, 2017.
As on December 31, 2018, the total assets of the company stood at Rs 89,400 crore - an increase of seven per cent. The company said Reliance Nippon Life Assent Management (RNAM) closed the quarter with a profit after tax (PAT) of Rs 110 crore.
Reliance Commercial Finance posted a profit before tax (PBT) of Rs.69 crore while the PBT for Reliance Home Finance for the period under review was at Rs 88 crore. Non-life insurance company Reliance General Insurance PBT stood at Rs 34 crore while Reliance Nippon Life Insurance made a marginal profit for the period under review, the statement said.