Reliance Commercial Finance Ltd (RCFL) has posted 44 per cent jump in net profit to Rs 65 crore for the June quarter.
The total income of the Reliance Capital's subsidiary for the April-June period of the current fiscal was up marginally at Rs 490 crore as against Rs 485 crore in the year-ago quarter.
"Through smart and intensive application of digital assets, we expect to rapidly scale in the coming quarters. We expect robust growth in the SME segment, where we have created best-in-class underwriting and distribution capabilities," RCFL ED & CEO Devang Mody said in a statement.
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Total disbursements of the company stood at Rs 3,579 crore as at the end of June 2017 driven by strong growth in SME segment.
As on June 30, 2017 the outstanding loan book of the financier was Rs 13,839 crore, up 13 per cent from year ago.
Reliance Capital stock was trading 0.06 per cent up at Rs 670.95 on BSE.
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