Reliance Capital Ltd (RCL), the financial services arm of Anil Dhirubhai Ambani Group (ADAG), posted a rise of 31% in its total income at Rs 1,544.60 crore for the quarter ended June 30, 2008 as against Rs 1,176.2 crore in the corresponding period last year. The net profit for the same period was up 5% and stood at Rs 343.1 crore against Rs 325.3 crore in the corresponding period a year ago. The earning per share (EPS) of the company during the period rose 7% to Rs 13.97 as compared to previous Rs 13.07, the company said in a release.
Ranked among top three private sector financial group in the country, the networth of the company stood at Rs 6,862 crore. At the end of June quarter, 2008, the total assets of the company showed a rise of 124% over the corresponding period previous year and stood at Rs 19,940 crore ($ 4.6 billion) and the investment portfolio as on June 30, 2008, amounted to Rs 6,763 crore ($ 1.6 billion), at cost. Among the performance of the group’s asset management arm, the Reliance Capital Asset Management (RCAM) the assets under management (AUM), increased to Rs 90,813 crore during the period from Rs 60,979 crores as on June 30, 2007, an increase of 49%.
