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Reliance Capital slips 3% after June quarter results

12 September, 2018 4:14 AM
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Reliance Capital slips 3% after June quarter results

Shares of Reliance Capital declined 3 percent intraday Wednesday after company announced its June quarter results.

The company has reported net profit of Rs 111 crore in the first quarter ended June 2018 versus loss of Rs 417 crore in the same quarter last fiscal.

Meanwhile, revenue fell 28 percent to Rs 563 crore versus Rs 790 crore.

On consolidated basis, company has registered net profit of Rs 247 crore against loss of Rs 449 crore.

At 09:39 hrs Reliance Capital was quoting at Rs 426.25, down Rs 3.15, or 0.73 percent on the BSE.

The share touched its 52-week high Rs 780.90 and 52-week low Rs 334.50 on 11 September, 2017 and 16 July, 2018, respectively.

Currently, it is trading 45.42 percent below its 52-week high and 27.43 percent above its 52-week low.

Also read: Lenders may be staring at 92% haircut in recoveries from 124 of 136 stressed firms

Source: moneycontrol.com

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