Reliance Capital vaults after turnaround Q2 outcome

Reliance Capital gained 3.34% to Rs 242.65 at 12:16 IST on BSE after the company reported net profit of Rs 197 crore in Q2 September 2018 as compared with net loss of Rs 417 crore in Q2 September 2017.

The result was announced after market hours yesterday, 27 November 2018.

Meanwhile, the BSE Sensex was up 254.99 points, or 0.72%, to 35,768.13

On the BSE, 7.73 lakh shares were traded in the counter so far compared with average daily volume of 5.68 lakh shares in the past two weeks. The stock had hit a high of Rs 246.85 and a low of Rs 237.05 so far during the day.

Reliance Capital's total income rose 134.35% to Rs 1003 crore in Q2 September 2018 over Q2 September 2017.

On a consolidated basis, the company reported net profit of Rs 280 crore in Q2 September 2018 as compared with net loss of Rs 163 crore in Q2 September 2017. Total income rose 10% to Rs 5330 crore in Q2 September 2018 over Q2 September 2017.

As on 30 September 2018, the total assets of the company stood at Rs 90128 crore (US$ 12.9 billion) - an increase of 9%. As on 30 September 2018, the company had a net debt equity ratio of 5.50.

Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. Reliance Capital has interests in asset management and mutual funds, pension funds, life, health and general insurance, commercial and home finance, stock broking, wealth management services, distribution of financial products, asset reconstruction, proprietary investments and other activities in financial services.

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