Reliance Securities' Q3 total income up 2%

Mumbai, Jan 12 : Broking major Reliance Securities on Friday reported a marginal year-on-year rise of 2 per cent in its total income for the quarter ended December 31, 2017.

According to the broking and distribution arm of Reliance Capital, its total income for the quarter under review increased to Rs 83 crore ($13 million).

The company further reported that its profit before tax in Q3 rose to Rs 14 crore ($2 million) as against Rs 13 crore in Q2 FY18.

"I am very happy to report that we continue to progress on the path of profitable growth, with consistent increase in the number of trading clients, coupled with a rise in volume in the Cash Market segment and distribution of investment products," said B. Gopkumar, ED and CEO, Reliance Securities.

"Our evolution is backed by significant digital transformation initiatives across segments."