The Hindu Business Line : Ratnabali Capital Mkts H1 net up

Ratnabali Capital Markets Ltd (RMCL), a Kolkata-based and BSE-listed stock broking firm, has reported a profit before tax of Rs 11.03 crore for the half-year ended on September 30, against Rs 8.13 crore for the same period in the previous fiscal.

Net profit increased by 21 per cent to Rs 8.50 crore during H1. The company attributed these to increase in volume of brokerage business and higher margin from arbitrage business. The company, according to a press note, has plans to expand its operations by opening up more branches. RCML is also planning to enter into Internet broking business.

Member of NSE and BSE, at present, it has three branches - one each in Kolkata, Mumbai and Bhagalpur (Bihar).

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