Reliance Capital growth Slows Down
Tuesday, April 24, 2007Compared to what leading Indian Financial Institutions like UTI Bank have reported their results, Reliance Capital is growing at a slower pace. Reliance Capital reported a profit growth of RS 311 crore an increase of mere 9% compared to the same quarter a year ago which was at 285.59.
On a consolidated basis, Reliance Capital's net profit rose 23% to Rs 703 crore and total income more-than-doubled to Rs 2158 crore during the fiscal, a 128% increase from Rs 947 crore of the previous year.
Reliance Asset Management recorded a net profit of Rs 49 crore, a 63% increase during the year. The number of investors in Reliance Mutual Fund (RMF) increased to 32.27 lakh from 20.95 lakh a year ago.
Reliance Life Insurance had a premium income of Rs 1005 crore from Rs 224 crore in the previous year, representing a jump of 348% .
Reliance General Insurance had a premium income of Rs 912 crore from Rs 163 crore in the previous year, representing an increase of 462%.
Labels: Reliance-Capital-Life-General-Insurance
0 Comments:
Recent Corporate Earnings / Breaking News
- Titan Industries Q4 - Flop Show
- Infomedia India Shifted Trade to Trade Segment
- Satyam Upbeat on Q4 results and Guidance
- Wipro projects $711m revenue from global IT Q1 20...
- DishTV India does Private Placement
