RELIANCE CAPITAL LIMITED 
By BUSINESSES
RCAM MANAGED RS. 1,55,214 CRORE (US$ 28.1 BILLION), ACROSS MUTUAL FUNDS, PENSION FUNDS, MANAGED ACCOUNTS AND HEDGE FUNDS RCAM Q2 PROFIT BEFORE TAX AT RS. 58 CRORE (US$ 10 MILLION) AGAINST PROFIT OF RS. 66 CRORE IN Q2 FY12 RELIANCE LIFE INSURANCE - PROFIT OF RS. 31 CRORE (US$ 6 MILLION) AGAINST PROFIT OF RS. 8 CRORE IN Q2 FY12 - UP 276% RELIANCE LIFE INSURANCE - FURTHER SURPLUS ARISING FROM NON-PARTICIPATING BUSINESS AT RS. 105 CRORE (US$ 19 MILLION) IN Q2 FY13 RELIANCE LIFE INSURANCE - TOTAL FUNDS UNDER MANAGEMENT AT RS. 19,417 CRORE (US$ 3.7 BILLION) - UP 16% RELIANCE COMMERCIAL FINANCE - ASSETS UNDER MANAGEMENT AT RS. 15,630 CRORE (US$ 3.0 BILLION) - UP 4% RELIANCE COMMERCIAL FINANCE - PROFIT AT RS. 72 CRORE (US$ 13 MILLION) - UP 31%, DRIVEN BY HIGHER YIELDS RELIANCE GENERAL INSURANCE - GROSS WRITTEN PREMIUM AT RS. 490 CRORE (US$ 89 MILLION) - UP 31% Mumbai, November 6, 2012: Reliance Capital Limited (RCL) today announced its financial results for the quarter ended September 30, 2012. The performance highlights are:Consolidated - Quarter ended September 30, 2012
Q2 FY13 Total income of Rs. 2,437 crore (US$ 441 million), against Rs. 1,573 crore in the corresponding previous period - an increase of 55%, driven by increase in topline ofPage 1 of 6
Commercial Finance and gains accrued from the stake sale in
Reliance Capital Asset
Management
Net worth:
As on September 30, 2012, the net worth of the Company stood at Rs. 11,712 crore (US$ 2.2 billion) - an increase of 49%.
The company ranks No. 1 amongst Indian financial services companies in terms of net worth.Credit Rating:
The Company's net debt equity ratio improved to 1.67 as on September 30, 2012, as against
2.57 as on September 30, 2011. It enjoys 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 September 30, 2012, the total assets of the Company stood at Rs. 39,007 crore (US$
7.4 billion) - an increase of 16%.
The investment portfolio of listed equities as on September
30, 2012, amounted to Rs. 1,474 crore (US$ 280 million), at
cost.
The Company has not raised any fixed deposits from the
public.
Group Companies:
Reliance Capital Asset Management Reliance Mutual FundReliance Capital Asset Management (RCAM) managed Rs. 1,55,214 crore (US$ 28.1 billion) as on September 30, 2012, across mutual funds, pension funds, managed accounts and hedge funds
Reliance Mutual Fund (RMF) is among the top two mutual funds in India, in terms of
AUM, with market share of 12%
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The average assets under management (AAUM) of RMF, for the
period ended
September 30, 2012 stood at Rs. 86,327 crore (US$ 15.6
billion)
The Systematic Investment Plan (SIP) and Systematic Transfer
Plan (STP) investor accounts stood at 14.4 lakh - the highest
in the industry
The unique retail Gold Savings Fund launched by RMF in
February 2011, garnered nearly Rs. 2,900 crore (US$ 525
million) in AAUMs for the quarter ended September
30, 2012, a YoY increase of 51%, capturing a healthy market
share of 27% in the gold fund category
RMF had a wide distribution network with 235 branches across
India, as on September
30, 2012
As on September 30, 2012, there were total of 43 schemes
comprising 21 equity oriented schemes, 19 debt oriented
schemes, 2 exchange traded funds and 1 Fund of funds
RCAM's income from its operations was Rs. 160 crore (US$ 29
million) for the quarter ended September 30, 2012, as against
Rs. 163 crore for the corresponding previous period - a
decrease of 2%
The profit before tax of RCAM was Rs. 58 crore (US$ 10
million) for the quarter ended September 30, 2012, a decrease
of 12% over the corresponding previous period, as MF AAUMs
fell by 5%, in line with the diminution in the industry
Reliance Life Insurance (RLI) is amongst the leading private
sector life insurance companies in terms of new business
premium with a market share of 4.8% of the private sector
life insurance industry
The Total Premium (net of reinsurance) was Rs. 1,003 crore
(US$ 182 million) for the quarter ended September 30,
2012
RLI achieved a profit of Rs. 31 crore (US$ 6 million) for the
quarter ended September
30, 2012, an increase of 276% over the corresponding previous
period. The declared results of Reliance Capital include
consolidation of 38% stake in Reliance Life Insurance
The total funds under management, as on September 30, 2012,
stood at Rs. 19,417 crore (US$ 3.7 billion), an increase of
16%
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 8%, in terms of gross written premium, of the Indian private sector general insurance industry
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The Gross Written Premium for the quarter ended September 30,
2012 was Rs. 490 crore (US$ 89 million) as against Rs. 373
crore for the quarter ended September 30,
2011
The Loss for the quarter was Rs. 105 crore (US$ 19 million),
as the full impact of the
FY13 provisioning for the third party motor claims reserves
has been taken in this quarter
The total capital invested in the business, is Rs. 1,747
crore (US$ 332 million)
At the end of June 30, 2012, the investment book stood at Rs.
3,106 crore (US$ 589 million), an increase of 36%
RGI had a distribution network of 131 branches and over 8,700
intermediaries, as on
September 30, 2012
Reliance Commercial Finance (RCF) offers a wide range of products which include Home loans, Loans against property, SME loans, Vehicle loans, Loans for Construction equipment, and Infrastructure financing
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 September 30, 2012, nearly 100% of the loan book was secured, as against
99% as on September 30, 2011The disbursements for the quarter ended September 30, 2012 were Rs. 2,282 crore
(US$ 413 million) as against Rs. 2,344 crore for corresponding previous period
As on September 30, 2012, the assets under management
(including securitized portfolio) was Rs. 15,630 crore (US$
3.0 billion) as against Rs. 15,035 crore as on September 30,
2011, an increase of 4%
The outstanding loan book as on September 30, 2012 was at Rs.
14,145 crore (US$
The total income for the quarter ended September 30, 2012 was Rs. 534 crore (US$ 97 million) as against Rs. 498 crore for the corresponding previous period, an increase of
7%RCF achieved a profit before tax of Rs. 72 crore (US$ 13 million) for the quarter, as against Rs. 55 crore for the corresponding previous period, an increase of 31%, driven by higher yields
Broking businessesReliance Capital's broking business consists of Reliance Securities, one of the leading retail broking houses in India, that provides retail customers with access to equities, equity options, wealth management, mutual funds, IPOs and investment banking, and Quant Capital, which caters to the wholesale client segment, including foreign and domestic institutions, corporations and ultra high net worth individuals
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The key focus is on the business verticals of broking, wealth management and investment banking
In equity broking, as on September 30, 2012, the business had
7,00,000 broking accounts, an increase of 4%, with an average
daily equities turnover of Rs. 2,491 crore (US$ 451 million),
an increase of 7%
In commodity broking, as on September 30, 2012, the commodity
broking accounts increased by 2% to nearly 37,500, with an
average daily commodities turnover at Rs.
In wealth management, the AUMs as on September 30, 2012
increased to Rs. 704 crore (US$ 134 million), an increase of
116%
The business had revenues of Rs. 65 crore (US$ 12 million)
for the quarter ended
September 30, 2012, an increase of 12%
30, 2012, as against a loss of Rs. 3 crore for the corresponding previous period
Distribution businessThe 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 6,350 outlets
In the gold coin business, through its pan India presence,
Reliance Money has sold over 200 kgs. of gold in Q2 FY13
Reliance Money, largest private sector partner for Western Union Money Transfer
handled nearly 6 lakh money transfer transactions during the
quarter
The business generated revenues of Rs. 28 crore (US$ 5
million) for the quarter ended September 30, 2012, as against
Rs. 22 crore for the corresponding previous period, an
increase of 31%
Shareholding Pattern as on September 30, 2012:
Category | No. of Shares | Shareholding (%) |
Promoters | 132,982,272 | 54.1% |
Foreign Investors - FIIs, NRIs and others | 53,139,672 | 21.6% |
Domestic institutions/ Banks / Mutual Funds | 13,940,277 | 5.7% |
Indian Public | 45,570,579 | 18.6% |
TOTAL - 1.2 million shareholders | 245,632,800 | 100.0% |
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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 four 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; investment banking; wealth management
services; distribution of financial products; exchanges;
private equity; asset reconstruction; proprietary investments
and other activities in financial services.
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