Reliance Capital Q4 profit at Rs 267 cr

Written by PTI | New Delhi | Updated: May 3 2014, 01:57am hrs
AnilReliance Capital's net profit stood at Rs 265 crore during the quarter ending March 31, 2013.
Reliance Capital Ltd today posted a net profit of Rs 267 crore for the last quarter of 2013-14.

The company's net profit stood at Rs 265 crore during the quarter ending March 31, 2013.

Its total income rose to Rs 1,848 crore in the quarter under review, compared to Rs 1,691 crore in the corresponding period a year ago.

However, on adjusted basis, the net profit of the company during the quarter grew by 40 per cent to Rs 267 crore as against Rs 190 crore, Anil Ambani-led Reliance Group company said in a statement.

The company, having interest in asset management and mutual funds, life and general insurance, stock broking services etc, has declared a 85 per cent dividend or Rs 8.50 per share on face value of Rs 10 each.

For the entire fiscal ended March 2014, the company's net profit declined by 9 per cent to Rs 747 crore as compared to Rs 812 crore during 2012-13.

However, it said, the annual profit grew by 59 per cent excluding one-time capital gains on stake sale in Reliance Capital Asset Management in 2012-13.

The total income of the company rose to Rs 7,544 crore in FY14, from Rs 6,636 crore in the previous fiscal.

One of the group companies, Reliance Life, posted a profit of Rs 359 crore for the year ended March, 2014. At the same time, Reliance General profit for 2013-14 was Rs 64 crore.

As on March 31, 2014, the networth of the company stood at Rs 12,483 crore and the total assets of the company stood at Rs 45,528 crore.

Its shares closed at Rs 349.15, down 1.69 per cent on BSE Sensex.