527 percent increase in profit of Reliance Capital
An impressive 527 percent increase in the profit of Reliance Capital, a part of Anil Dhirubhai Ambani Enterprise group has registered for the second quarter of fiscal 2005-06 in Mumbai.
The company has reported a net profit of Rs 157 crore in the second quarter of the fiscal 2005-06 ended September 30 2005, as compared to Rs 25.07 crore a year ago.
The company’s cash profits also increased from Rs 60 crore in the second quarter of fiscal 2004-05 to Rs 200 crore in the same quarter in the current fiscal.
It has posted a consolidated net profit of Rs 162.75 crore. Total income of the group is Rs 246.17 crore for the second quarter of current fiscal.