Reliance Capital capitalises on good FY 2008 numbers

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MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
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ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 29/04/2008 | 12:00 AM IST

Finance

Capital Market

Tuesday, April 29, 2008 (New Delhi)

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The company announced the results during market hours today, 29 April 2008.

Meanwhile, BSE Sensex was up 350.58 points or 2.06% to 17,366.54

On BSE, 20.35 lakh shares were traded in the counter. The scrip had an average daily volume of 14.33 lakh shares in the past one quarter.

The stock hit a high of Rs 1520 and a low of Rs 1452 so far during the day. The stock had a 52-week high of Rs 2,925 on 15 January 2008 and a 52-week low of Rs 696.25 on 30 April 2007.

India’s fourth largest finance & investment company in terms of total operating income had outperformed the market over the past one month till 28 April 2008, rising 4.15% compared to the Sensex’s return of 3.94%. However it underperformed the market in the past one quarter, declining 29.80% compared to Sensex’s decline of 5.95%.

The company’s current equity is Rs 245.63 crore. Face value per share is Rs 10.

The current price of Rs 1506.10 discounts its Q4 March 2008 annualized EPS of Rs 62.80, by a PE multiple of 23.98.

Reliance Capital's total income rose 135.30% to Rs 2079.79 crore in the year ended March 2008 (FY 2008) over the year ended March 2007. The company posted 23.90% rise in net profit to Rs 386.49 crore on 96.20% jump in total income to Rs 799.29 crore in Q4 March 2008 over Q4 March 2007.

The company posted 23.90% rise in net profit to Rs 386.49 crore on 96.20% jump in total income to Rs 799.29 crore in Q3 March 2008 over Q3 March 2007.

Reliance Capital’s board of directors recommended a dividend of Rs 5.50 per share on equity share for the financial year ended March 2008.

Reliance Capital provides corporate advisory services like project finance, management of issues for raising capital and managing exposure to currencies and interest rates. It is also involved in custodian and depository activities, asset management, insurance, and real estate development.