Reliance Capital capitalises on good FY 2008 numbers

News Flash

SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
NO PLANS TO OFFER HOME LOANS AT 8%: NW
OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
OVER 7% GROWTH ACHIEVABLE IN FY'11
TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
BSE PSU INDEX UP 4.77%, REALTY UP 4.4%, METAL INDEX UP 4%
INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
GETS U.S. FDA NOD FOR GENERIC ACULAR
TO RAISE UPTO $300 MN VIA FCCBS
EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA

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

Finance

Capital Market

Tuesday, April 29, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

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.