55% profit growth posted by Reliance Finance Limited in the third quarter; earnings per share increases to Rs.3.65

Reliance Finance Limited has published the unaudited quarterly report for the third quarter of FY 75/76. The paid up capital of the company stands at Rs.74.32 Crore by the end of the third quarter. The reserves of the company currently stand at Rs.26.28 Crore.

The deposits have increased to Rs.3.81 Arba while the loans have increased to Rs.3.46 Arba.

The company posted net interest income of Rs.13.52 Crore compared to Rs.10.14 Crore posted in the corresponding quarter of the previous year. The company’s net profit stands at Rs.2.71 Crore compared to net profit of Rs.1.74 Crore posted in the corresponding quarter of the previous year. The net profits have increased by 55.58% compared to that period.

The NPL which was previously 1.85%, currently stands at 3.43%. The company posted EPS of Rs.3.65 and net worth per share stands at Rs.134.76. The PE Ratio stands at 33.69 times.