Anil Ambani group firm Reliance Capital today reported a 56 per cent decline in consolidated net profit at Rs 151.04 crore for the first quarter ended June 30, 2009, as it booked lower capital gains.
Total income also declined three per cent to Rs 1,469.25 crore in the same quarter.
The company said the profit was lower on the back of “lower capital gains booked this quarter as substantial gains likely to be booked later this year from planned stake sale in Reliance Life Insurance.”
As of June 30, the net worth of the company stood at Rs 7,500 crore. The total assets of the company stood at Rs 25,074 crore, an increase of 26 per cent over the same period previous fiscal.
The total premium income in the segment during the quarter increased 20 per cent to Rs 903 crore for the quarter as against Rs 749 crore in the corresponding previous period.
Shares of Reliance Capital closed at Rs 883.85, up 2.61 per cent.
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