Reliance Capital Ltd
’s consolidated revenue has increased by 10% yoy to Rs5,308cr. The company’s finance & investment, general insurance and home finance segments contributed towards increase in the total revenue of the company during the quarter.
The consolidated net profit attributable to the shareholders stood at Rs280cr in Q2FY19 as compared to net loss of Rs163cr in Q2FY18. This was significantly led by improved profitability under finance & investment and home finance arms.
• Loan book under Reliance Commercial Finance increased to ~Rs15,750cr yoy as on September 30, 2018. Gross NPA ratio came down to 3% as on September 30, 2018 vs. 4.3% as on September 30, 2017.
• Gross written premium under Reliance General Insurance is up 20% yoy to Rs2,020cr during Q2FY19. It witnessed robust growth in segments like private car, health, travel and commercial lines. The combined ratio improved to 107% in Q2FY19 vs. 109% in Q2FY18. The solvency margin as on September 30, 2018 stands at 171%.
• Net Premium under Reliance Nippon Life Insurance increased by 8% yoy to Rs1,040cr in Q2FY19. The persistency ratio improved to 74% in Q2FY19 vs. 68% in Q2FY18, leading to improvement in renewal premium of the company. The solvency margin stood at 281% as on September 30, 2018.
• Broking and distribution arm’s revenue increased to Rs87.7cr during Q2FY19 by 16% yoy. The wealth management AUM stood at ~Rs4,000cr as on September 30, 2018.