Reliance Home Finance Q3 net up 37 pc at Rs 55-cr

New Delhi: Reliance Residence Finance, a part of Reliance Capital, on Tuesday posted a 37.5 enhance in internet revenue after tax at Rs 55 crore in three months ended December 31, 2018.

Compared, the corporate had reported a internet revenue after tax of Rs 40 crore in October-December quarter of 2017, Reliance Residence Finance Ltd (RHFL) mentioned in a regulatory submitting to the inventory exchanges.

The corporate's whole revenue rose by 22 per cent to Rs 516 crore in third quarter ended December 31, 2018 from Rs 424 crore within the year-ago interval.

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"Q3 FY19 has been a very good quarter for us and we continued on the trail of worthwhile progress. RHFL has a transparent give attention to increasing the ebook together with a strong progress within the internet value, with out compromising on the asset high quality.

"The corporate will proceed to make precious investments in folks, processes and know-how to empower the shopper and allow the sustainability of the enterprise for delivering strong shareholder returns," Reliance Residence Finance ED and CEO Ravindra Sudhalkar mentioned.

The capital adequacy ratio stood at 18.eight per cent, with tier I capital at 12.7 per cent and gross NPA (non-performing belongings) ratio was at zero.9 per cent as on December.

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The corporate's belongings underneath administration moved up by 24 per cent to Rs 18,288 crore.

The agency, which offers a variety of options like dwelling loans, inexpensive housing loans, and development finance, expanded its community to 59 cities, catering to about 140 areas.

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