Reliance Capital’s Q4 net loss narrows to Rs 1,488 crore
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The company had posted a loss of Rs 4,249 crore in the same quarter of the previous financial year. In a communication sent to the stock exchanges, the company said that its total integrated income declined to Rs 4,436 crore during the quarter, as against Rs 4,770 crore in the same quarter a year ago.
Debt-ridden Anil Ambani-promoted Reliance Group unit Reliance Capital’s consolidated net loss narrowed to Rs 1,488 crore for the fourth quarter ended March of the last financial year. The company had posted a loss of Rs 4,249 crore in the same quarter of the previous financial year. In a communication sent to the stock exchanges, the company said that its total integrated income declined to Rs 4,436 crore during the quarter, as against Rs 4,770 crore in the same quarter a year ago.
The company’s total expenses also declined to Rs 5,949 crore from Rs 8,982 crore during the quarter. On a standalone basis, the company reported a net loss of Rs 1,389 crore in the fourth quarter. The company had a loss of Rs 25 crore on a standalone basis in the same quarter a year ago. On a standalone basis, the company’s total income declined to Rs 3 crore from Rs 5 crore in the year-ago quarter. The company is under insolvency process since November 29, 2021.
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