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Reliance Capital Ltd reported a turnaround in its fortunes in the January-March 2012 period. It reported a consolidated net profit of Rs 329 crore in the period against a loss of Rs 6 crore in the year- ago period.
A 26 per cent increase in total income from operations (Rs 1,995 crore against Rs 1,581 crore in Q4FY2011) coupled with a nine per cent decline in total expenses (Rs 1,156 crore against Rs 1,271 crore) boosted the company's profitability.
In FY12, Reliance Capital's consolidated net profit increased by 57 per cent to Rs 458 crore compared with Rs 291 crore in FY11.
The board of directors has recommended a dividend of Rs 7.50 an equity share of Rs 10 each.
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