Reliance Capital reports 175% surge in Q1 net profit

Reliance Capital has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 surged by 175.18% at Rs 138.72 crore as compared to Rs 50.41 crore for the corresponding quarter last year. Its total income increased by 216.90% at Rs 719.43 crore for the quarter under review from Rs 227.02 crore for the same quarter last year.

On consolidated basis, the Group has posted a fall of 54.75% in its net profit at Rs 34.83 crore as compared to Rs 76.97 crore for the quarter ended June 30, 2010. Its total income has increased by 17.78% at Rs 1492.11 crore for the quarter under review as compared to Rs 1266.87 crore for the similar quarter of the previous year.