Reliance Capital Q1 net up 5% at Rs 343.07 cr

Anil Ambani group firm Reliance Capital today announced a consolidated net profit of Rs 343.07 crore in the first quarter ended June 30, a five per cent growth over the corresponding period a year-ago.     

The firm had a net profit of Rs 325.26 crore in the same quarter in FY08, Reliance Capital said in a filing to the Bombay Stock Exchange.     

The total income rose 31.32 per cent to Rs 1,544.56 crore in the quarter under review, from Rs 1,176.20 crore in the year-ago period.     

During the quarter the company's total assets increased 124 per cent to Rs 19,940 crore. The earnings per share rose 7 per cent to Rs 13.97, the filing said.     

The company's net worth touched Rs 6,862 crore in the June quarter making it rank among the top three Indian private sector financial services groups in terms of net worth, it added.     

The investment portfolio as on June 30 amounted to Rs 6,763 crore art cost, it said.     

Further, the group's financial products distribution firm Reliance Money grew six-fold to Rs 78 crore in the June quarter, from Rs 13 crore in the same period previous fiscal. It has a distribution network of over 9,700 outlets in 5,025 locations.     

The asset under management of Reliance Mutual Fund rose 49 per cent to Rs 90,813 crore, from Rs 60,979 crore in the same period a year-ago.