Millennium Post

Reliance Capital fourth quarter net dips 19%

Reliance Capital on Thursday reported over 19 per cent decline in net profit at Rs 265 crore for the quarter ending March 2013, mainly due to drop in income from operations.

The net profit stood at Rs 329 crore during the quarter ending March 2012. However, on annual basis its net profit rose by 77 per cent to Rs 812 crore during 2012-13. Net profit in 2011-12 was at Rs 458 crore. The decline in profit for the quarter ending March 2013 was mainly on account of fall in total income from operations which declined to Rs 1,666 crore in fourth
quarter of 2012-13.

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