Reliance Capital Ltd.

NSE: RELCAPITAL | BSE: 500111 | ISIN: INE013A01015 | Industry: Finance (including NBFCs)
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ICICI Securities Limited
Consolidated PAT grew 15% YoY to |238 crore higher than our estimate of |207 crore, not comparable QoQ. Revenues also grew 33% YoY to |4857 crore better than expected AMC remained strong with revenue and PBT, grew 14% YoY to | 395 crore and | 150 crore, respectively and AUM at |362550 crore. The life insurance business remained weak as it continued weeding out unprofitable business whereby new business premium was flat YoY at | 183 crore and marginal growth was in renewal premium to |...
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