Thursday, January 22, 2009

Reliance Capital Results

Financial services firm Reliance Capital Ltd announced a net profit of Rs131.5 crore for the December quarter, a growth of 11% year-on-year. In the September quarter, net profits had been Rs229.4 crore.
But total operating income of Rs1,573 crore in the December quarter was much higher than the September quarter’s Rs1,313 crore, which indicates that margins are under pressure.

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