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Reliance Cap Q4 consolidated net dips 15%, declares 65% dividend

Reliance Cap Q4 consolidated net dips 15%, declares 65% dividend
PTI
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First Published: Thu, Apr 30 2009. 05 57 PM IST
Updated: Thu, Apr 30 2009. 05 57 PM IST
Mumbai: Anil Ambani group firm Reliance Capital on Thursday reported a 14.75% decline in consolidated net profit to Rs311.64 crore for the fourth quarter ended 31 March 2009.
The financial services firm had a net profit (after minority interest & share of profit) of Rs365.57 crore in the March quarter of FY08, Reliance Capital said in a filing to the Bombay Stock Exchange (BSE).
The total income declined 3.41% to Rs1,579 crore in the March quarter, from Rs1,634.71 crore in the corresponding period a year ago.
The board has declared a dividend of 65% or Rs6.50 a piece on shares of face value of Rs10 for FY09.
For the fiscal year ended 31 March the group posted a net profit of Rs1,015.67 crore, marginally up from Rs1,009.06 crore in the same period a year ago.
The total income rose 22.37% to Rs6,019.43 crore in FY09, from Rs4,919.19 crore in the previous fiscal.
As of 31 March, the net worth of the company stood at Rs7,491 crore. The total assets of the company stood at Rs24,260 crore, an increase of 32% over the previous fiscal.
The investment portfolio of listed equities, as on 31 March, amounted to Rs1,895 crore. The company has not raised any fixed deposits from the public during the period, it added.
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First Published: Thu, Apr 30 2009. 05 57 PM IST