Reliance Capital, one of the country's leading financial services firm has reported that its consolidated net profit for the first quarter ended June 30, 2015 climbed by 22.6 per cent at Rs 201 crore from the same period a year ago led by strong growth in its revenue.
In Q1 FY 2014-15, the Anil Ambani led firm had posted a consolidated net profit of Rs 164 crore, Reliance Capital said in a filing to the Bombay Stock Exchange (BSE).
Consolidated net revenue climbed by 15 per cent at Rs 2,450 crore in Q1 FY 2015-16 from Rs 2,138 crore in the same period a year ago.
Total expenses on a consolidated basis climbed by 15 per cent at Rs 1,492 crore in Q1 FY 2015-16 from Rs 1,301 crore in the same period a year ago.
Finance costs on a consolidated basis were flat at Rs 685 crore in the first quarter of 2015-16.
Revenue from the Finance & Investments segment climbed 13 per cent, year on year at Rs 468 crore in Q1 FY 2015-16 while that from the general insurance segment jumped 11 per cent at Rs 1,029 crore. Sales from asset management rose 64 per cent at Rs 293 crore in the June 2015 ended quarter while that from Commercial Finance climbed 8 per cent at Rs 608 crore.
At the end of Q1, Reliance Capital Asset Management managed Rs 243,162 crore across mutual funds, pension funds, managed accounts and offshore funds.