Friday, 28 April 2017

Reliance Capital Q4 net at Rs 417 crore

Reliance Capital, a Reliance Group company, on Thursday said it closed the fourth quarter of the 2016-17 fiscal with a consolidated net profit of Rs 417 crore as against Rs 415 crore during the corresponding period of the previous year. According to the company, its total income for the last quarter stood at Rs 5,086 crore, up from Rs 2,828 crore earned during the corresponding period of previous year. The company said the fourth quarter net profit stood at Rs 460 crore prior to strengthening of the reserves in Reliance General Insurance (Rs 43 crore).


As on March 31, 2017, the net worth of the company stood at Rs 16,548 crore -- an increase of eight per cent, while its total assets as on the date stood at Rs 82,209 crore -- an increase of 22 per cent. For the fiscal, Reliance Capital earned a total income of Rs 17,640 crore, up from Rs 9,998 crore earned last fiscal. The net profit for the fiscal stood at Rs 1,086 crore as against Rs 1,101 crore posted last fiscal. According to the company statement, the proposed dividend has been increased to Rs 10.50 per share. Group companies have also logged growth in business last year.

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