Reliance Cap Q4 net dips 15%, announces 65% dividend

Anil Ambani group firm Reliance Capital today reported a 14.75 per cent decline in consolidated net profit at Rs 311.64 crore for the fourth quarter ended March 31, 2009.

The financial services firm had a net profit (after minority interest & share of profit) of Rs 365.57 crore in the March quarter of FY'08, Reliance Capital said in a filing to the Bombay Stock Exchange.

The total income declined 3.41 per cent to Rs 1,579 crore in the March quarter, from Rs 1,634.71 crore in the corresponding period a year ago.

The board has declared a dividend of 65 per cent or Rs 6.50 a piece on shares of face value of Rs 10 for FY'09.

For the financial year ended March 31, the group posted a net profit of Rs 1,015.67 crore, marginally up from Rs 1,009.06 crore in the same period a year ago.

The total income rose 22.37 per cent to Rs 6,019.43 crore in FY'09, from Rs 4,919.19 crore in the previous fiscal.

As of March 31, the net worth of the company stood at Rs 7,491 crore. The total assets of the company stood at Rs 24,260 crore, an increase of 32 per cent over the previous fiscal.

The investment portfolio of listed equities, as on March 31, amounted to Rs 1,895 crore. The company has not raised any fixed deposits from the public during the period, it added.