Reliance Capital’s standalone Q1 Net Profit up 32 Percent

Mumbai, Aug 14: Reliance Capital on Friday reported a 32.57 percent increase in its standalone net profit for the first quarter (Q1) ended June 30.

The company’s net profit for the quarter under review stood at Rs.175 crore from Rs.132 crore for the quarter ended June 30 of the previous year.

According to the company, its standalone total income during the Q1 inched-up by 1.61 percent to Rs.946 crore from Rs.931 crore for the corresponding period of 2014-15.

On a consolidated-basis, the group’s net profit gained by 22.56 percent to Rs.201 crore for the quarter ended June 30, 2015 from Rs.164 crore for the Q1 of the last fiscal.

The consolidated total income for the quarter ended June 30, 2015 rose by 14.59 percent to Rs.2,457 crore from Rs.2,144 crore earned during the first quarter of 2014-15.

The group’s net worth increased by 10 percent and stood at Rs.13,867 crore as of June 30, this year.

The book value increased to Rs.549 per share at the end of Q1.

Total assets managed by the company increased by 8 percent to RS.49,406 crore during the quarter under review.

The company’s scrip at the Bombay Stock Exchange (BSE) was higher by 3.74 percent at Rs.351.10 at 3.00 p.m. from its previous close of Rs.338.45 per equity share. (IANS)