Reliance Capital posts Q4 net loss of Rs 3865.00 cr
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The company reported standalone net loss during the quarter stood at Rs 3865.00 crore as compared to net loss of Rs 2501.00 crore in the previous year quarter. Net revenue of the company declined substantially by 99.44 per cent at Rs 2.00 crore in January-March quarter of this fiscal as against Rs 356.00 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 43.24 per cent to Rs 3,465.00 crore from Rs 2,419.00 crore in year ago period. Operating Profit surged by 67.86 per cent to Rs -3,463.00 crore as against Rs -2,063.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29779.72 per cent in March quarter. Interest declined by 2.44 per cent y-o-y to Rs 400.00 crore
