Reliance Capital gains after Q4 results

Reliance Capital rose 1.05% to Rs 352.80 at 9:33 IST on BSE after consolidated net profit rose 1% to Rs 267 crore on 9% growth in total income to Rs 1848 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Friday, 2 May 2014.

Meanwhile, the S&P BSE Sensex was up 64.31 points or 0.29% at 22,468.20.

On BSE, so far 92,000 shares were traded in the counter as against average daily volume of 5.93 lakh shares in the past one quarter.

The stock hit a high of Rs 355.85 and a low of Rs 351.50 so far during the day. The stock had hit a 52-week high of Rs 407 on 9 December 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 2 May 2014, sliding 1.98% compared with the Sensex's 0.65% fall. The scrip had also underperformed the market in past one quarter, advancing 7.75% as against Sensex's 9.21% rise.

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

Reliance Capital's consolidated net profit rose 59% to Rs 747 crore on 14% growth in total income to Rs 7544 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (excluding one-time capital gains on stake sale in RCAM in FY 2013).

Reliance Capital's net worth rose 4% year-on-year (YoY) to Rs 12483 crore as of 31 March 2014.

The company had a net debt equity ratio of 1.82 as on 31 March 2014. It continues to enjoy the highest ratings of 'A1+' by ICRA and CRISIL, for its short term borrowings program and 'CARE AAA' by CARE for its long term borrowing program, Reliance Capital said in a statement.

As on 31 March 2014, the total assets of the company stood at Rs 45528 crore, an increase of 12%.

Reliance Capital said 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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