Reliance Capital Q1 net profit at Rs.302.43 Crores, up 219.93%

Reliance Capital Ltd has announced the following unaudited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs 3024.30 million for the quarter ended June 30, 2007 as compared to Rs 945.30 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1324.20 million for the quarter ended June 30, 2006 to Rs 5137.70 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a Net Profit after Minority Interest and Share of Profit of Associates of Rs 3252.60 million for the quarter ended June 30, 2007 as compared to Rs 1130.30 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3561.90 million for the quarter ended June 30, 2006 to Rs 11762.00 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.12.15 for the Quarter ending June 30, 2007 compared to Rs.4.24 for Quarter ending June 30, 2006.

The stock closed the day at Rs.1252.10, up by Rs.52.80 or 4.4%. The stock hit an intraday high of Rs.1254 and low of Rs.1188. The total traded quantity was 1143254 compared to 2 week average of 334956.

Source : Equity Bulls

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