Reliance Capital Q1 net up 29% to Rs 45 cr

Consolidated total income from operations increased 12.53% to Rs 1,662 crore from Rs 1,477 crore during the same period due to rise in topline of commercial finance and general insurance businesses.

Revenues from general insurance business went up to Rs 662 crore from Rs 592 crore and commercial finance rose to Rs 495 crore from Rs 418 crore year-on-year.

Finance and investments' revenues increased to Rs 346 crore from Rs 252 crore, buts its asset management business fell to Rs 126 crore from Rs 157 crore during the same period.

Net debt to equity ratio improved by 35% to 1.64 in the April-June quarter of 2012 as against 2.55 in a year ago period. Total assets increased 35% YoY to Rs 37.555 crore.