Friday, 22 January 2016

Stock Market Tips: Reliance Capital reports 10 percent rise in net profits

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Anil Ambani-led Reliance Capital on Thursday announced a consolidated net profit of Rs.235 crore for the quarter ended December 31 last year, which was 10 percent higher than the Rs.213 crore logged in the corresponding period of the previous year.

In a filing with stock exchanges, the company said its total income also rose 10 percent to Rs.2,318 crore while the earnings per share went up by Rs.9.3 -- showing an increase of 7 percent over the like period of the previous year.

Among the other highlights, Reliance Capital Asset Management was overseeing Rs.261,424 crore worth of funds ($39.6 billion) as on December 31, across mutual funds, pension funds, managed accounts and offshore funds. 

Mutual fund business, in particular, ranked among the top with a market share of 11.7 percent.

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