Reliance Finance reports a net profit of Rs.43.51 Lakhs by the end of the second quarter; EPS becomes positive at Rs.0.60
Wed, Feb 13, 2019 5:01 PM on Financial Analysis, Latest, Stock Market,
Reliance Finance Limited has published the unaudited quarterly report for the second quarter of FY 75/76. The paid up capital of the company stands at Rs.72.43 Crore by the end of the second quarter. The reserves of the company currently stand at Rs.24 Crore.
The deposits have increased to Rs.3.61 Arba while the loans have increased to Rs.3.41 Arba.
The company posted net interest income of Rs.8.49 Crore compared to Rs.6.45 Crore posted in the corresponding quarter of the previous year. The company’s net profit stands at Rs.43.51 Lakhs compared to net profit of Rs.1.50 Crore posted in the corresponding quarter of the previous year. The net profits have fallen by 71% compared to that period.
The NPL which was previously 2.55%, currently stands at 1.66%. The company posted EPS of Rs.0.60 and net worth per share stands at Rs.127.54.
