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Reliance Capital pares gains after declaring poor Q4 result

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Capital Market
Last Updated : May 16 2013 | 4:00 PM IST

Ahead of the results, the stock jumped as much as 2.87% to hit an intraday high of Rs 383.40. The stock fell to intraday low of Rs 370.10 so far during the day soon after the company announced poor Q4 March 2013 results during trading hours today, 16 May 2013.

Meanwhile, the BSE Sensex was up 38.24 points, or 0.19%, to 20,251.20.

On BSE, 14.05 lakh shares were traded in the counter as against an average daily volume of 11.69 lakh shares in the past one quarter.

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 282 on 16 May 2012.

The stock had outperformed the market over the past one month till 15 May 2013, gaining 12.93% compared with the Sensex's 10.11% rise. The scrip, however, underperformed the market in past one quarter, falling 6.82% as against Sensex's 3.83% gain.

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

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Reliance Capital's consolidated net profit fell 19.45% to Rs 265 crore on 14.78% fall in total income from operations (net) to Rs 1666 crore in Q4 March 2013 over Q4 March 2012.

The company's consolidated net profit rose 77% to Rs 812 crore on 13% rise in total income to Rs 7519 crore in the year ended 31 March 2013 (FY 2013) over FY 2012.

Reliance Capital's board of directors at its meeting held today, 16 May 2013, has recommended a dividend of Rs 8 per share.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial and home finance: stock broking; investment banking; wealth management servioes; distribution of financial products; exchanges; private equity; asset reconstruction; proprietary investments and other activities in financial services.

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First Published: May 16 2013 | 3:29 PM IST

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