Anil-Ambani controlled Reliance Capital Ltd’s consolidated net profit for first quarter ended June declined by 55 per cent to Rs 34.8 crore from Rs 77 crore in April-June 2010 due to rise in interest costs.
The business environment marked by higher interest rates impacted profits, the company said in a statement. The total income, on consolidated basis, for reporting quarter rose to increased from Rs 12,668.70 million for the quarter ended June 2010 to Rs 14,921.10 million for the quarter ended June 2011.
On standalone basis, its profit grew to Rs 138.72 crore in the first quarter of 2011-12 from Rs 50.41 crore in corresponding quarter last year.
The total income also rose to Rs 719.43 crore from Rs 227.02 crore in the quarter of 2011.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app