Reliance Capital Shares Climb Nearly 7% Post Q4 Results

0

Mumbai: Shares of Reliance Capital on Monday climbed nearly 7 per cent after the company reported 1.9 per cent increase in consolidated net profit for the quarter ended March 2016.

The stock rallied 6.79 per cent to close at Rs 409.60 on BSE. Intra-day, it soared 7.14 per cent to Rs 410.95.

At NSE, shares of the company rose by 6.68 per cent to close at Rs 409.60.

In terms of volume, 7.80 lakh shares of the company changed hands at BSE and over 55 lakh shares were traded at NSE during the day.

Reliance Capital on Friday reported a marginal 1.9 per cent increase in consolidated net profit at Rs 415 crore for the quarter ended March 2016. Company’s net profit in the corresponding January-March period of 2014-15 stood at Rs 407 crore.

Total income (consolidated) has increased to Rs 2,828 crore for the quarter, as against Rs 2,542 crore in the year-ago period, it had said in a regulatory filing.

For the entire fiscal 2015-16, Reliance Capital said its consolidated net profit rose by 10 per cent to Rs 1,101 crore as against Rs 1,001 crore in 2014-15.

The group’s total income has increased to Rs 9,998 crore for the year ended March 31, 2016 from Rs 8,929 crore year ago, a company statement said.