Q2 Result: Reliance Capital reports consolidated net loss of Rs 2577 crore

Anil Ambani-led Reliance Capital reported a net loss of Rs 2,577 crore in the second quarter ended September 2020. The company had posted a net loss of Rs 96 crore in the quarter ended September 2019. The default by the parent company in repayment of obligation to the lenders indicates material uncertainty that might affect the company’s ability to continue as a going concern, said Reliance Capital.