Reliance Securities has reported that its total income for the quarter ended June 30 increased by 51 per cent.
The first quarter (Q1) total income increased to Rs 82 crore.
Similarly, the company’s profit before tax rose edged up to Rs 7 crore in Q1FY18 vis-a-vis a marginal profit in the corresponding previous period.
“In equity broking the average daily equities turnover grew to Rs 3,942 crore – a YoY (year-on-year) increase of 52 per cent. The average daily turnover in cash – equity segment rose by 42 per cent to Rs 278 crore,” the company said in a statement.
“In commodity broking, as on June 30, the commodity broking accounts rose by 30 per cent to approximately 85,800 with average daily commodities turnover of over Rs 234 crore,” the statement said.