Tuesday, April 29, 2008

Reliance Capital capitalises on good FY 2008 numbers

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.

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