Reliance Capital has registered 13% Y-o-Y increase in consolidated revenue for the quarter ended June 2012 to Rs 1662 crore while its net profit was up 29% to Rs 45 crore compared to corresponding previous year quarter. 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 results for the current quarter ended June 30, 2012 are not comparable with previous corresponding quarter as Viscount Management Services (Alpha) amalgamated with the company w.e.f. October 01, 2011
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.
Performance for the quarter ended June 2012
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
Reliance Life Insurance
Reliance General Insurance
Reliance Commercial Finance
Performance for the year ended March 2012
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