The Hindu Business Line : Reliance Capital Q4 net up 9%

Mumbai April 23 Reliance Capital has reported a 9.23 per cent increase in net profit at Rs 311.95 crore for the quarter ended March 31, 2007 as compared to Rs 285.59 crore for the same period last year. Total income has increased to 26.38 per cent from Rs 322.33 crore for the quarter ended March 31, 2006 to Rs 407.37 crore.

For the year ended March 31, 2007, the company has posted a 20.19 per cent increase in net profit at Rs 646.18 crore (Rs 537.61 crore). The total revenue was up 35.58 per cent to Rs 883.65 crore (Rs 651.76 crore).

The company said its total assets stood at Rs 6,769 crore while its net worth rose to Rs 5,262 crore as against Rs 4,122 crore last year. The company has declared a dividend of Rs 3.50 per share.

Earnings per share of the company stood lower at Rs 28.39 compared to Rs 29.74 last year.

Shares of the company fell 5.30 per cent to close at Rs 714.45 on the BSE.

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