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May 21, 2012, 04.35 PM IST | Source: Moneycontrol.com

Reliance Capital shoots up 7% after strong numbers in Q4

Shares of Reliance Capital shot up 7.7% to touch an intraday high of Rs 313.40 on Monday after the Anil Dhirubhai Ambani Group company reported a consolidated profit after tax of Rs 329 crore for the fourth quarter of FY12 as against loss Rs 6 crore in a year ago period.

Shares of Reliance Capital shot up 7.7% to touch an intraday high of Rs 313.40 on Monday after the Anil Dhirubhai Ambani Group company reported a consolidated profit after tax of Rs 329 crore for the fourth quarter of FY12 as against loss Rs 6 crore in a year ago period.

For financial year 2011-12, company's total income jumped 20% to Rs 6,627 crore from Rs 5,536 crore on account of stake sale in Reliance Life and increase in topline of commercial finance, broking & distribution business. Profit after tax went up 57% to Rs 458 crore in FY12 from Rs 291 crore in the last year.

At 11:58 hours IST, the share was trading at Rs 312.20, up 7.32%. Market capitalisation of the company stands at Rs 7,685.12 crore.

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