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Stock Report
Reliance Capital announces Q2 Net Profit of Rs.167.15 Crores, receives top-end ranking from ICRA & FITCH
Posted On : 2006-10-26 05:36:59( TIMEZONE : IST )
Reliance Capital Ltd has announced the following Unaudited Results for the quarter ended September 30, 2006:
The Company has posted a net profit after tax of Rs 1671.50 million for the quarter ended September 30, 2006 where as the same was at Rs 1574.20 million for the quarter ended September 30, 2005. Total Income is Rs 2228.40 million for the quarter ended September 30, 2006 where as the same was at Rs 1812.80 million for the quarter ended September 30, 2006.
The Consolidated Results are as follows:
The Group has posted a Net Profit after Minority Interest and Share of Profit of Associates of Rs 1919.90 million for the quarter ended September 30, 2006 where as the same was Rs 1627.50 million for the quarter ended September 30, 2005. Income from Operations is Rs 5368.60 million for the quarter ended September 30, 2006 where as the same was at Rs 2461.70 million for the quarter ended September 30, 2005.
The Company is virtually debt tree and has a debt equity ratio of 0.05 as on September 30, 2006, and enjoys the highest top-end ratings of ‘A1+' and ‘F1+’ by ICRA and FITCH, respectively.
