Reliance Capital gains on good Q2 results

Reliance Capital rose 2.59% to Rs 492.55 at 13:40 IST on BSE after the company reported 19.88% rise in consolidated net profit to Rs 217 crore on 11.5% rise in total income to Rs 2084 crore in Q2 September 2014 over Q2 September 2013.

The result was announced after market hours on Friday, 14 November 2014.

Meanwhile, the S&P BSE Sensex was down 71.05 points or 0.25% at 27,975.61.

On BSE, so far 4.06 lakh shares were traded in the counter as against average daily volume of 5.12 lakh shares in the past one quarter.

The stock hit a high of Rs 494.30 and a low of Rs 482 so far during the day. The stock had hit a 52-week high of Rs 668.40 on 9 June 2014. The stock had hit a 52-week low of Rs 304.55 on 28 February 2014.

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

Earnings per share in Q2 September 2014 stood at Rs 8.9. As on 30 September, 2014, the net worth of the company stood at Rs 12904 crore an increase of 4% over that at 30 September 2013. The company had a net debt to equity ratio of 1.81 as on 30 September 2014. As on 30 September 2014, total assets of the company stood at Rs 44594 crore an increase of 7%. The company has not raised any fixed deposits from the public during the quarter, the company said. .

Reliance Capital is a part of the Reliance Anil Dhirubhai Ambani Group and is a financial services companies in the private sector.

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