Reliance Home Finance Ltd (RHFL) on Thursday said it had posted higher before tax profit during the second quarter of the current fiscal.
In a statement issued in Mummbai, the company said it has earned a revenue of about Rs 464 crore during the second quarter of this fiscal.
The company a subsidiary of Reliance Capital said its profit before tax (PBT) for the period under review went up by 30 per cent to Rs.102 crore.
The assets under management stood at Rs.16,464 crore.
"Q2 FY19 has been a stable quarter while the liquidity scenario remains under watch. RHFL's focus remains towards increasing the profitability of the business, driven by our focus on assessing the risk appropriately while keeping the delinquencies in control, enabling a quality growth in the book size, thus ensuring robust future profitability," Ravindra Sudhalkar, ED & CEO was quoted as saying in the statement.
--IANS
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