New Delhi: Indian financial services company Reliance Capital Ltd's fiscal fourth quarter (Jan-Mar) net profit fell 19.45% to Rs 2.65 billion from Rs 3.29 billion in the same period a year ago, due to fall in income.
The company's income from operations in the three months to March 31, 2013, declined 14.5% to Rs 16.5 billion from Rs 19.3 billion in the corresponding quarter previous fiscal 2011-12, the company said in a statement Thursday.
Its net worth rose 3% on-year to Rs 119.91 billion as on March 31, 2013, it said.
The company reported an earnings per share of Rs 10.84 in the March quarter, against Rs 13.41 in the same quarter last fiscal.
Reliance Capital's life insurance subsidiary reported a profit of Rs 3.8 billion in the fiscal year ended March 31, 2013, while its general insurance segment saw a loss of Rs 930 million during the year, it added.
The company, controlled by billionaire Anil Ambani, is engaged in various business verticals, including insurance, mutual fund, broking, consumer and commercial finance.
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