Reliance Capital Swings To Q4 Profit

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India's Reliance Capital Ltd posted a net profit in the fourth quarter.Reliance Capital's quarterly consolidated net profit came in at INR3.29 billion, versus a year-ago loss of INR60 million. Its consolidated revenue climbed 25% to INR20.02 billion.Reliance Capital unit Reliance Life Insurance Co posted a profit at INR3.73 billion for the fiscal year, versus a year-ago loss of INR1.29 billion. However, its asset management unit posted a 5% rise in pre-tax profit to INR3.08 billion.

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