Reliance Finance's net profit stands at Rs 6.22 crore till Q2 of 2076/77; Net worth per share at Rs 128.13

Wed, Feb 5, 2020 10:49 AM on Financial Analysis, Latest, Stock Market,
Reliance F...

Reliance Finance Limited (RLFL) has published the unaudited quarterly report for the second quarter of FY 2076/77. The paid-up capital of the company stands at Rs.83.24 Crore by the end of the second quarter. The reserves of the company currently stand at Rs.16.40 Crore.

The deposits have increased to Rs.4.63 Arba while the loans have increased to Rs.3.48 Arba.

The company posted net interest income of Rs.11.82 Crore compared to Rs.8.49 Crore posted in the corresponding quarter of the previous year. The operating profit stood at Rs 8.89 crore which was Rs 62.15 lakh last year.

The company’s net profit stands at Rs.6.22 Crore compared to net profit of Rs.43.50 lakh posted in the corresponding quarter of the previous year.

The NPL which was previously 1.91%, currently stands at 1.66%. The company posted annualized EPS of Rs.14.95 and net worth per share stands at Rs.128.13. The PE Ratio stands at 8.09 times.

Second Quarter Report