Reliance Capital reports 32% fall in its FY11 net profit

Reliance Capital has reported results for the year ended March 31, 2011.

The company has registered fall of 32.45% in its net profit for FY11 at Rs 229.27 crore as compared to Rs 339.42 crore for FY10. Its total income has decreased 19.07% at Rs 1934.01 crore for the year from Rs 2389.88 crore in previous year.

On consolidated basis, the group’s net profit for the year has tumbled 56.12% at Rs 191.18 crore as compared to Rs 435.69 crore for the year ended March 31, 2010. Total income for the year has decreased by 10.46% at 5498.47 crore as compared to Rs 6140.60 crore for the previous year.

Reliance Capital has recommended a dividend of Rs 6.50 per equity share of Rs 10 each.