Reliance Cap Q1 net dips 49 per cent

Total income dropped to Rs 1,266.87 crore from Rs 1,469.25 crore in Q1’2010. The company’s  standalone results showed net profit of Rs 50.41 crore for quarter ended June 30, 2010 as compared to Rs 104.29 crore for quarter ended June 30, 2009, while total income dropped from Rs 616.61 crore in Q1’FY10 to Rs 227.02 crore in Q1’FY11. 

The company’s revenue from finance and investment  fell by 26.68 per cent to Rs 254.37 crore from Rs 346.94 crore in corresponding quarter of last fiscal.   Segment wise, it recorded a dip of 18.22 per cent in first quarter revenue of general insurance segment to Rs 509.18 crore from Rs 622.60 crore in the same quarter last fiscal.