PBT from finance and investment reported a loss of Rs 10 crore in Q1FY'13 compared to loss of Rs 24 crore in Q1FY'12 while PBT from General Insurance reported loss of Rs 20 crore compared to Rs 30 crore over the same period. Asset management PBT fell 36% to Rs 34 crore while PBT for Commercial Finance rose 14% to Rs 66 crore.

For the quarter ended June 2012, the consolidated net revenue of Reliance capital rose 13% Y-o-Y to Rs 1662 crore primarily driven by increase in topline of Commercial Finance and General Insurance businesses. The revenue in Finance & investment segment was up 37% Y-o-Y to Rs 346 crore while asset management revenues fell 20% to Rs 126 crore, General Insurance revenues were up 12% to Rs 662 crore and commercial finance revenues increased 18% to Rs 495 crore. Others segment revenues fell 3% to Rs 76 crore.

The overall OPM fell 10 bps to 38.6% as rise in other expenditure as a percentage of net sales from 21.3% to 25.2% and 110 bps increase in claims incurred to 16.7% was offset by 460 bps fall in premium paid on reinsurance to 11% and 20 bps fall in staff cost fell to 8.7% leading to 12% growth in overall operating profit to Rs 641 crore. With 11% higher interest cost at Rs 568 crore, 8% increase in depreciation to Rs 13 crore and effective tax rate of 40.5% compared to 40.3% in the corresponding previous year period, the Net Profit after minority interest and share in associates stood at Rs 45 crore compared to Rs 35 crore in the corresponding previous year period, up by 29%.

• Reliance Capital Asset Management (RCAM) managed Rs. 146262 crore as on June 30 2012 across mutual funds, pension funds, managed accounts and hedge funds
• Reliance Mutual Fund (RMF) is among top two mutual funds in India, in terms of AUM, with market share of over 12%
• The average assets under management (AAUM) of RMF, for the quarter ended June 30, 2012 stood at Rs. 80694 crore.
• The unique retail Gold Savings Fund launched by RMF in February 2011, touched Rs. 2,778 crore in AAUMs for the quarter ended June 30, 2012, a YoY increase of 145%, capturing a healthy market share of 28% in the gold fund category
• RCAM's income from its operations was Rs 152 crore for the quarter ended June 30, 2012, as against Rs 167 crore for the corresponding previous period - a decrease of 9%
• The profit before tax of RCAM was Rs 59 crore for the quarter ended June 30, 2012, a decrease of 17% over corresponding previous year period.

• The Total Premium (net of reinsurance) was Rs. 810 crore for the quarter ended June 30, 2012
• RLI achieved a profit of Rs. 19 crore for the quarter ended June 30, 2012. The declared results of Reliance Capital include consolidation of 38% stake in Reliance Life Insurance
• The total funds under management as on June 30, 2012 stood at Rs. 18586 crore
• The distribution network stood at 1,230 offices at the end of June 30, 2012
• The number of agents at the end of June 30, 2012 was 120000 a YoY decline of 33%, in line with the focus on productivity and performance of agents

• It has a private sector market share of nearly 8%, in terms of gross written premium, of the Indian private sector general insurance industry
• The Gross Written Premium for the year ended June 30, 2012 was Rs. 564 crore as against Rs. 526 crore for the quarter ended June 30, 2011
• The Loss for the year was Rs. 20 crore on account of provisioning for the third party motor claims reserves
• The total capital invested in the business, is Rs. 1,592 crore
• At the end of June 30, 2012, the investment book stood at Rs. 2,869 crore, an increase of 22%
• RGI had a distribution network of 148 branches and over 7,600 intermediaries, as on June 30, 2012

• As on June 30, 2012, 100% of the loan book was secured, as against 98% as on June 30, 2012
• The disbursements for the year ended June 30, 2012 were Rs 1702 crore as against Rs 2010 crore for corresponding previous period, a decline of 15%
• As on June 30, 2012, the assets under management (including securitised portfolio) was Rs. 15111 crore as against Rs. 14258 crore as on June 30, 2011 - increase of 6% ·
• The outstanding loan book as on June 30, 2012 was at -Rs- 13594 crore against Rs 13030 crore as on June 30, 2011, an increase of 4%. This loan book is spread across 91500 customers from top 18 Indian metros
• The total income for the quarter ended June 30, 2012 was Rs. 495 crore as against Rs. 418 crore for the corresponding previous period, an increase of 19%
• RCF achieved a profit before tax of Rs. 66 crore for the quarter, as against Rs 58 crore for the corresponding previous period, a increase of 13%, driven by 21% increase in interest income

• In equity broking, at the end of June 30, 2012, RSec had 693100 retail broking accounts, an increase of 4%, with an average daily equities turnover of Rs. 2577 crore, an increase of 20%
• In commodity broking, at the end of June 30, 2012, the commodity broking accounts increased by 3% to over 37,450, with an average daily commodities turnover at Rs. 1047 crore an Increase of 61%
• In wealth management, the AUM as on June 30, 2012 increased to Rs. 646 crore a YoY increase of 109%
• The business reported revenues of Rs 360 crore for the quarter ended June 30, 2012, an increase of 3%
• Profit before tax stood at Rs. 5 crore for the quarter ended June 30, 2012, rising by 26%

Distribution business

• Reliance Money is amongst the leading domestic distributors of financial products with a pan India presence with over 5800 outlets
• In the gold coin business, through its pan India presence, Reliance Money has sold over 590 kg of gold in Q1FY13, an increase of 36%
• Reliance Money, largest private sector partner for Western Union Money Transfer handled nearly 6 lakh money transfer transactions during the year, an Increase of 10%
• The business generated revenues of Rs 15 crore for the quarter ended June 30, 2012, as against Rs. 16 crore for the corresponding previous period, an decrease of 16%
• Profit before tax achieved for the quarter ended June 30, 2012 was Rs. 3 crore an decline of 2%

For year ended March 2012, the consolidated net revenue of the company rose 21% to Rs 6576.96 crore mainly on account of sale of stake in Life Insurance business, and increase in topline of Commercial Finance and Broking & Distribution businesses. The revenue in Finance & investment business was up 57% Y-o-Y to Rs 1709.17 crore while revenue in General Insurance was flat at Rs 2191.79 crore and Commercial finance revenues rose 42% to Rs 1945.03 crore. Asset Management revenues fell 15% to Rs 564.41 crore. Others segment revenue rose 10% to Rs 348.51 crore. The overall OPM was up 1090 bps to 42.2% leading a 63% increase in operating profit to Rs 2773.74 crore.

With 54% higher interest cost at Rs 2250.05 crore, 9% higher depreciation to Rs 54.37 crore and 225% higher tax expenses to Rs 189.72 crore, the Net Profit after minority interest and share in associates stood 57% higher Y-o-Y at Rs 457.76 crore.

As on June 30, 2012, the net worth of the Company stood at Rs. 11,754 crore.

The shares of the company are currently quoting at around Rs 353

Reliance Capital: Consolidated Results

Reliance Capital: Segment Results