RELIANCE CAPITAL LIMITED 
By Consolidated results - Quarter ended June 30, 2013
• Q1 FY14 Total income of Rs. 1,938 crore (US$ 346 million), against Rs. 1,676 crore in the corresponding previous period - an increase of 16%. This was mainly on account of increase in topline of General Insurance and Asset Management businessesPage 1 of 5
• Q1 FY14 Net profit of Rs. 133 crore (US$ 24 million), against Rs. 45 crore in the corresponding previous period - an increase of 194% • Q1 FY14 Earnings per share of Rs. 5.4 (US$ 0.10) against Rs. 1.8 in the corresponding previous period - an increase of 194%Net worth:
As on June 30, 2013, the net worth of the Company stood at Rs. 12,138 crore (US$ 2.0 billion)
- an increase of 3%.Credit Rating:
The Company had a net debt equity ratio of 1.81 as on June 30, 2013. It continues to enjoy the highest ratings of 'A1+' by ICRA and CRISIL, for its short term borrowing program and 'CARE AAA' by CARE for its long term borrowing program.Operational Review:
As on June 30, 2013, the total assets of the Company stood at Rs. 42,155 crore (US$ 7.1 billion) - an increase of 12%.
The Company has not raised any fixed deposits from the public.
Group Companies:
Reliance Capital Asset Management Reliance Mutual Fund• Reliance Capital Asset Management (RCAM) managed Rs. 1,78,821 crore (US$ 32.0 billion) as on June 30, 2013, across mutual funds, pension funds, managed accounts and offshore funds
• Reliance Mutual Fund (RMF) is among the top two mutual funds in India, in terms of
AUM, with market share of nearly 12%
• The average assets under management (AAUM) of RMF, for the quarter ended June
30, 2013 stood at Rs. 97,771 crore (US$ 17.5 billion) - a YoY increase of 21%
• The Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) investor accounts stood at 13 lakh - the highest in the industry
• RMF had a wide distribution network with over 200 branches and more than 41,000 empanelled distributors across India, as on June 30, 2013
• As on June 30, 2013, there were total of 49 schemes comprising 22 equity oriented schemes, 23 debt oriented schemes, 3 exchange traded funds and 1 Fund of funds
• RCAM's income from its operations was Rs. 212 crore (US$ 38 million) for the quarter ended June 30, 2013 - a YoY increase of 39%
• The profit before tax of RCAM was Rs. 77 crore (US$ 14 million) for the quarter ended June 30, 2013 - a YoY increase of 32%
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Reliance Life Insurance• Reliance Life Insurance (RLI) is amongst the leading private sector life insurance companies in terms of new business premium with a market share of 10% of the private sector life insurance industry
• The New Business Premium was Rs. 514 crore (US$ 92 million) for the quarter ended
June 30, 2013 - a YoY increase of 105%
• The Total Premium (net of reinsurance) was Rs. 910 crore (US$ 163 million) for the quarter ended June 30, 2013
• RLI achieved a profit of Rs. 56 crore (US$ 10 million) for the quarter ended June 30,
2013 - a YoY increase of 196%. The declared results of Reliance Capital include consolidation of 48% stake in Reliance Life Insurance
• The total funds under management as on June 30, 2013 stood at Rs. 18,007 crore
• Reliance General Insurance (RGI) offers insurance solutions for auto, health, home, property, travel, marine, commercial and other speciality products
• RGI is amongst the leading private sector general insurance companies in India. It has a private sector market share of over 8%, in terms of gross written premium, of the Indian private sector general insurance industry
• The Gross Written Premium for the quarter ended June 30, 2013 was Rs. 706 crore
• The profit for the quarter was Rs. 10 crore (US$ 2 million) as against a loss of Rs.
20 crore for the quarter ended June 30, 2012• RGI sold over 9 lakh policies during the quarter - a YoY increase of 40%
• At the end of June 30, 2013, the investment book stood at Rs. 3,434 crore (US$ 575 million) - a YoY increase of 20%
• The total capital invested in the business, is Rs. 1,747 crore (US$ 293 million)
• RGI had a distribution network of 127 branches and over 12,000 intermediaries, as on June 30, 2013
• Reliance Commercial Finance (RCF) offers a wide range of products which include Home loans, Loans against property, SME loans, Vehicle loans, and Infrastructure financing
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• RCF is amongst the leading lenders in the Indian non banking finance space. The focus in this business continues to be on asset backed lending and productive asset creation. As on June 30, 2013, 100% of the loan book was secured
• The disbursements for the quarter ended June 30, 2013 were Rs. 1,653 crore (US$
296 million)• As on June 30, 2013, the assets under management (including securitized portfolio) was
Rs. 15,906 crore (US$ 2.7 billion) - a YoY increase of 5%• The outstanding loan book as on June 30, 2013 was at Rs. 13,598 crore (US$ 2.3 billion), against Rs. 13,614 crore as on June 30, 2012. This loan book is spread across
80,600 customers from top 34 Indian metros
• The total income for the quarter ended June 30, 2013 was Rs. 540 crore (US$ 97 million) - a YoY increase of 9%
• RCF achieved a profit before tax of Rs. 83 crore (US$ 15 million) for the quarter, as against Rs. 66 crore for the corresponding previous period - a YoY increase of 25%
• Reliance Capital's broking business, one of the leading retail broking houses in India, provides a varied customer base with access to equities, equity options, wealth management solutions, mutual funds, and IPOs
• The key focus is on the business verticals of equity and commodity broking, and wealth management
• In equity broking, as on June 30, 2013, the business had nearly 7,19,000 broking accounts, an increase of 4%, with an average daily equities turnover of Rs. 2,518 crore (US$ 450 million)
• In commodity broking, as on June 30, 2013, the commodity broking accounts increased by 8% to over 40,000, with an average daily commodities turnover at Rs.
• In wealth management, the AUMs as on June 30, 2013 increased to Rs. 1,106 crore
(US$ 185 million) - a YoY increase of 124%• The business had revenues of Rs. 54 crore (US$ 10 million) for the quarter ended June
30, 2013
• The business was profitable for the quarter ended June 30, 2013
Distribution business• The distribution business of Reliance Capital, branded as 'Reliance Money' is a comprehensive financial services and solutions provider, providing customers with access to mutual funds, insurance products, gold coins, money transfer and currency exchange
• Reliance Money is amongst the leading domestic distributors of financial products
with a pan India presence with over 5,600 outlets
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• Reliance Money, one of the largest private sector partners for Western Union Money Transfer handled nearly 7 lakh money transfer transactions during the quarter, an increase of 12%
• The business generated revenues of Rs. 30 crore (US$ 5 million) for the quarter ended
June 30, 2013 - a YoY increase of 104%
Shareholding Pattern as on June 30, 2013:
Category | No. of Shares | Shareholding |
Promoters | 132,982,272 | 54.1% |
Foreign Investors - FIIs, NRIs and others | 49,958,644 | 20.3% |
Domestic institutions/ Banks / Mutual Funds | 13,198,382 | 5.4% |
Indian Public | 49,493,502 | 20.2% |
TOTAL - 1.2 million shareholders | 245,632,800 | 100.0% |
Background
Reliance Capital, a part of the Reliance Group, is one of India's leading private sector financial services companies. It ranks amongst the top private sector financial services and banking groups, in terms of net worth. The company is a constituent of CNX Nifty Junior and MSCI India.
Reliance Group is amongst India's leading business houses with over 230 million customers. The Group has a strong presence across a wide array of high growth consumer-facing businesses of financial services, telecom, energy, power, infrastructure and media and entertainment.
Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial and home finance; stock broking; wealth management services; distribution of financial products; private equity; asset reconstruction; proprietary investments and other activities in financial services.
Media Queries
Sharad Goel Reliance Capital sharad.goel@relianceada.com +91-9324984296
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