Reliance Cap first quarter net profit falls by 49%

Reliance-CapitalReliance Capital has announced its financial results for first quarter of the fiscal year 2010-11 and it has informed that there has been a decline in the net profit figure in the quarter under review.

The net profit of the firm was reported to be Rs 76.97 crore for the first quarter of the current year. For the same period of time, the company has posted a net profit of Rs 151 crore in the financial year of 2009-10. Hence the company has suffered a decline of 49% in its net profit figure in the first quarter of the current year against the same quarter last year.

Reliance Capital has informed this fact to the Bombay Stock Exchange in a filing.

Moreover there has been a decline in the total income of the company during the first quarter of the current financial year. The total income of the company has been reported to be Rs 1,253.8 crore in Q1 of 2010-11 which was Rs 1,468.1 crore for its like period a year ago.

There has been a decline of 14.6% in the total income of the company in the reviewed quarter.




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