Rel Cap profit increases 9% to Rs 475 cr

Reliance Capital on Monday announced a 9% gain in consolidated net profit at Rs 475.0 crore for the year ended March 2011, even as the company witnessed a 10% decline in total income at Rs 5,498.0 crore. HT reports.

Reliance Capital on Monday announced a 9% gain in consolidated net profit at Rs 475.0 crore for the year ended March 2011, even as the company witnessed a 10% decline in total income at Rs 5,498.0 crore.

HT Image

The company, however, reported a 32.5% decline in standalone profit for 2010-11 to Rs 229.2 crore from Rs 339.4 crore last fiscal. Total income also decreased to Rs 1934.0 crore during the period against Rs 2,389.8 crore in the previous fiscal year.