Religare Enterprises posts Q4 consolidated net loss of Rs 63.24 crore

Religare EnterprisesReligare Enterprises, a diversified financial services group of India, has reported a consolidated net loss of Rs 63.24 crore for the fourth quarter ended March 31, 2009.

The financial group had posted a net profit of Rs 21.92 crore in the same period ended March 2008.

Further, the company has reported a decline of 19% in its total income, which slipped to Rs 212.43 crore for the quarter ended March 31, 2009, from Rs 263.75 crore in the same period last year.

For the year ended March 31, 2009, the company has posted a consolidated net loss of Rs 63.58 crore, while it had a net profit of Rs 91.97 crore in the same period last year.

Shares of Religare Enterprises today settled at Rs 398, down 0.61 per cent on the BSE.