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Reliance Capital gains after strong Q2 outcome

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Capital Market
Last Updated : Nov 13 2013 | 11:58 PM IST

Reliance Capital rose 0.89% to Rs 347.30 at 11:23 IST on BSE after consolidated net profit jumped 201% to Rs 181 crore on 20% growth in total income to Rs 1869 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Tuesday, 12 November 2013.

Meanwhile, the S&P BSE Sensex was up 1.74 points or 0.01% at 20,283.65

On BSE, 3.61 lakh shares were traded in the counter as against average daily volume of 7.83 lakh shares in the past one quarter.

The stock hit a high of Rs 349.60 and a low of Rs 337 so far during the day. The stock had hit a 52-week high of Rs 508 on 7 January 2013. The stock had hit a 52-week low of Rs 290 on 28 August 2013.

The stock had underperformed the market over the past one month till 12 November 2013, falling 1.99% compared with the Sensex's 1.20% fall. The scrip also underperformed the market in past one quarter, gaining 2.75% as against Sensex's 7.05% rise.

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The company has equity capital of Rs 245.63 crore. Face value per share is Rs 10.

Reliance Capital's consolidated net profit jumped 201% to Rs 181 crore on 20% growth in total income to Rs 1869 crore in Q2 September 2013 over Q2 September 2012. The consolidated net profit in Q2 September 2013 is after excluding one-time capital gains on stake-sale in Reliance Capital Asset Management (RCAM) last year. Reliance Capital's networth rose 6% to Rs 12373 crore as on 30 September 2013 over 30 September 2012. Total assets rose 7% to Rs 41721 crore as on 30 September 2013 over 30 September 2012. The company has not raised any fixed deposits from the public.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies.

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First Published: Nov 13 2013 | 11:26 AM IST

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