Reliance Capital Limited = Quarterly Results = For 3rd qtr ending Dec, 2011 = Net Sales up 14.22%; Cons-NPT DOWN 43.41% YoY

Reliance Capital Limited

NSE Symbol        RELCAPITAL

RELIANCE CAPITAL has declared improved results for the third quarter ending Dec,2011.

Net Sales in Q3 FY 12 stands at Rs.1529.87 Cr -  up by 0.72% in Q2 FY 12; and up by 4.23% from Q1 FY 12; and up by 14.22% from Q3 FY 11.

Other Expenditure - in Q3 FY 12 stands at Rs.747.23Cr up by 3.59% in Q2 FY 12; down by -3.46% from Q1 FY 12; and up by  9.76% from Q3 FY 11.

Total Expenditure in Q3 FY 12 stands at Rs.894.25 Cr- up by 0.42% from Q2 FY 12; down by -2.44% from Q1 FY 12; and up by  9.87% from Q3 FY 11.

Profit from Operations in Q3 FY 12 stands at Rs.650.75Cr -  up by1.89% from Q2 FY 12; up by 16.10% from Q1 FY 12; and up 20.87% from Q3 FY 11.

Other Income   in Q3 FY 12 stands at Rs.41.79Cr- up by 147.13% from Q2 FY 12; up by 178.60% from Q1 FY 12; and up by  151.75% from Q3 FY 11.

Interest      in Q3 FY 12 stands at Rs.589.20Cr- up by  1.02% from Q2 FY 12; up by 14.85% from Q1 FY 12; and up by  47.04% from Q3 FY 11. Interest costs have risen very heavily  in Q3 FY 12, compared to Q3 FY 11 (By about Rs.189 Cr)

Tax Expense in Q3 FY 12 stands at Rs.43.18Cr- up by 20.25% from Q2 FY 12; Up by 68.74% from Q1 FY 12; and down by  -1.21% from Q3 FY 11.

Net Profit after tax in Q3 FY 12 stands at Rs.60.16Cr- up by 65.05% from Q2 FY 12; up by     63.17% from Q1 FY 12; but down by -45.6% from Q3 FY 11.(down by almost Rs.50 cr in Q3 FY 12 compared to Q3 FY 11 – mainly due to rising Interest costs  - and loss of Rs.344 million in general insurance).

Consolidated NPT in Q3 FY 12 stands at Rs.60.17Cr- up by  79.88% from Q2 FY 12; up by     72.75% from Q1 FY 12; but down by  -43.41% from Q3 FY 11.

Paid-up Equity  in Q3 FY 12 stands at Rs.246.16 Cr.

Basic EPS, on a FV of Rs.10, in Q3 FY 12 stands at Rs.2.45 ;Rs.1.36 in Q2 FY 12; Rs.1.42 in Q1 FY 12; and Rs.4.36 in Q3 FY 11.

On this basis, the annual EPS may amount to Rs.7.68 (against Rs.11.85 in FY 11). The 4^th qtr results will need to be watched – as there is general uptrend in stock Market – and this can benefit Reliance capital.

Current Market Price is Rs.406.05,   While the  52 week high price is Rs.634.70 and the 52 week low price  is Rs.226.05.

Reliance Capital says -  From Reliance Life transaction of 26% strategic stake sale Nippon Life, proceeds of over Rs. 27 billion (US$ 519 million) - used to bring down debt at Reliance Capital

CONSOLIDATED RESULTS TABLE

RELIANCE CAP-CONSOL	Q3 FY12	Q2FY12	%DIF1	Q1FY12	%DIF2	Q3FY11	%DIF3
Net Sales	152987	151,893.00	0.72	146,782.00	4.23	133,938.00	14.22
Other Oprtng Income	1513	1,026.00	47.47	929	62.86	1,292.00	17.11
Employees Cost	13374	15,660.00	-14.60	13,064.00	2.37	12,145.00	10.12
Depreciation	1328	1,257.00	5.65	1,196.00	11.04	1,167.00	13.8
Other Expenditure	74723	72,133.00	3.59	77,402.00	-3.46	68,077.00	9.76
Total Expenditure	89425	89,050.00	0.42	91,662.00	-2.44	81,389.00	9.87
Profit from Operations	65075	63,869.00	1.89	56,049.00	16.10	53,841.00	20.87
Other Income	4179	1,691.00	147.13	1,500.00	178.60	1,660.00	151.75
Interest	58920	58,324.00	1.02	51,303.00	14.85	40,071.00	47.04
Tax Expense	4318	3,591.00	20.25	2,559.00	68.74	4,371.00	-1.21
Net Profit after tax	6016	3,645.00	65.05	3,687.00	63.17	11,059.00	-45.6
Net Profit	6016	3,645.00	65.05	3,687.00	63.17	11,116.00	-45.88
Minority Interest	341	134	154.48	322	5.90	453	-24.72
Shares of Associates	-356	55	-747.27	-118	201.69	-7	4985.71
Other Related Items	14	111	-87.39	-		38	-63.16
Consolidated NPT	6017	3,345.00	79.88	3,483.00	72.75	10,632.00	-43.41
Face Value (in Rs.)	10	10	0.00	10	0.00	10	0
Paid-up Equity	24616	24,616.00	0.00	24,616.00	0.00	24,616.00	0
Basic EPS	2.45	1.36	80.15	1.42	72.54	4.36	-43.81
Public holding (%)	45.86	45.39	1.04	-		-

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