Financial services major Reliance Capital, part of the Reliance Group, Friday reported an increase of 19 per cent in total income at Rs.1,546 crore for the quarter ended Sep 30 against Rs.1,300 crore during the previous corresponding period.
As on Sep 30, the net worth of the firm stood at Rs 7,844 crore while its assets were recorded at Rs 33,356 crore, the company said in a regulatory filing.
Net profit during the quarter under review stood at Rs 33 crore compared to Rs 112 during the like period of 2010-11, mainly on account of higher interest rate environment, the company said in a statement.
Among its group companies, the asset management arm of Reliance Capital ( Reliance Capital Asset Management) managed Rs.93,148 crore as on Sep 30 across mutual funds, managed accounts and hedge funds.
During the quarter, the systematic investment plan (SIP) and systematic transfer plan (STP) investor accounts increased by 41 per cent to 19 lakh.
The life insurance arm of Reliance Capital reported a profit of Rs 8 crore for the quarter ended Sep 30 against a loss of Rs 42 crore for the corresponding previous period.
While its general insurance business reported a decrease in loss at Rs.29 crore for the quarter ended Sep 30 against a loss of Rs 30 crore during the quarter ended June 30, 2010 reflecting successful steps taken towards writing only profitable business.
Reliance Securities, the equity broking arm of Reliance Capital had 6,70,000 retail broking accounts with an average daily equities turnover of Rs 1,200 crore during the quarter.
Source: www.economictimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment