Mumbai, July 18: Reliance Capital has posted a 216 per cent increase in net profit at Rs 95 crore for the first quarter ended June 30 against Rs 30 crore in the corresponding period last fiscal.

Total income of the financial services company of the Anil Dhirubhai Ambani Group was Rs 132 crore, an increase of 100 per cent over Rs 66 crore in the year-ago period. The cash profit stood at Rs 96 crore against Rs 36 crore last year, an increase of 164 per cent.

Its consolidated net profit increased 203 per cent at Rs 113 crore for the quarter against Rs 37 crore in the corresponding previous period. The consolidated total income grew 160 per cent to Rs 356 crore from Rs 137 crore last fiscal.

Total assets stood at Rs 4,687 crore on June 30. The investment portfolio of the company on June 30 amounted to Rs 1,524 crore, at cost.

Its net worth is Rs 4,356 crore, which will increase to over Rs 4,791 crore on conversion of outstanding equity warrants.

The assets under management of Reliance Capital Asset Management increased by 166 per cent to Rs 26,314 crore on June 30, 2006 from Rs 9,908 crore on June 30, 2005. The net profit of the mutual fund house increased by 1,175 per cent to Rs 18 crore for the period.

Reliance Life Insurance has recorded an increase of 633 per cent in premium income to Rs 132 crore for the quarter against Rs 18 crore last year.

The gross direct premium from Reliance General Insurance stood at Rs 164 crore. The gross direct premium of the life insurance arm was Rs 162 crore in the whole of 2005-06.

The stock price of Reliance Capital ended the day marginally lower at Rs 450.80 against yesterday’s close of Rs 452.15. It opened strong at Rs 458 and reached a high of Rs 460 during the trading session. The scrip clocked a volume of 32.2 lakh shares on the Bombay Stock Exchange.