Reliance Cap Profit Dips To Rs 81.39 Cr

Reliance Cap barely managed to retain its total income. For the six months ended September 1996 the total income was Rs 107.66 crore (Rs 107.07 crore). The total expenditure rose to Rs 11.57 crore (Rs 5.33 crore) and the interest and finance charges rose to Rs 14.70 crore (Rs 3.68 crore).

The massive rise in expenditure and interest and finance charges without adequate rise in total income led to the fall in gross profit.