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Reliance Cap Q4 net profit falls 15% to Rs311.64 crore

Reliance Cap Q4 net profit falls 15% to Rs311.64 crore
PTI
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First Published: Thu, Apr 30 2009. 10 45 PM IST
Updated: Thu, Apr 30 2009. 10 45 PM IST
Mumbai: Reliance-Anil Dhirubhai Ambani Group firm Reliance Capital Ltd on Thursday reported a 14.75% decline in consolidated net profit at Rs311.64 crore for the quarter ended March, the company said in a filing to the Bombay Stock Exchange (BSE) on Thursday.
The financial services company had a net profit (after minority interest and share of profit) of Rs365.57 crore in the year-ago period.
The company’s total income declined 3.41% to Rs1,579 crore in the quarter under review, from Rs1,634.71 crore in the corresponding period a year ago.
The Reliance Capital board on Thursday declared a dividend of 65%, or Rs6.50 a piece, on shares of face value of Rs10 for 2008-09.
The company’s 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 in its filing to BSE.
Shares in the company gained 6.42%, or Rs31.65, to close at Rs524.60 on BSE. In comparison, the exchange’s benchmark index, the Sensex, ended Thursday 3.65% higher.
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First Published: Thu, Apr 30 2009. 10 45 PM IST