Reliance Capital Q2 net up 15% at Rs229 cr

Reliance Capital Q2 net up 15% at Rs229 cr


Mumbai: Anil Dhirubhai Ambani Group firm Reliance Capital today said its net profit grew by 15% to Rs229.4 crore and total operating income rose by 38% to Rs1,313 crore for the second quarter ended 30 September, compared with the year-ago period.

The company had a net profit of Rs200.10 crore in the September quarter last fiscal, Reliance Capital said in a filing to the Bombay Stock Exchange.

As on 30 September, Reliance Capital’s net worth stood at Rs7,068.20 crore, making it one among the top three Indian private sector financial services groups in terms of net worth, it added.

The company’s total assets stood at Rs22,133 crore, while its earnings per share rose by 15% to Rs9.34 during the quarter.

During the half year ended 30 September, Reliance Capital reported a net profit of Rs572.50 crore, a 9% growth over the year-ago period. The firm had a net profit of Rs525.30 crore in the corresponding period last fiscal.

The total operating income rose by 34% to Rs2,856.30 crore in the first half of the current fiscal.

The investment portfolio as on 30 September amounted to Rs7,287 crore at cost, it said.

The company does not have exposure to money and forex derivative market, the filing added.

Further, the group’s financial products distribution firm Reliance Money’s net profit for the September quarter stood at Rs19 crore, while its revenue rose by 128% at Rs93 crore.