Financial services conglomerate Reliance Capital Ltd on Friday said it closed last fiscal with 34 percent growth in net profit.
The board has proposed nine percent dividend for equity share holders.
In a regulatory filing in BSE, Reliance Capital said it has posted a net profit of Rs.1,001 crore on a consolidated basis up from Rs.747 crore posted in 2013-14.
The company said its consolidated total income last fiscal stood at Rs.8,861 crore up from Rs.7,544 crore earned during the corresponding period of the previous year.
Reliance Capital has interests in mutual fund, insurance (life and general), broking, commercial finance and others. The company is also looking at entering banking.
During the year under review, Japanese Sumitomo Mitsui Trust Bank invested Rs.371 crore and acquired 2.8 percent stake in Reliance Capital.
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Japanese life insurer Nippon Life acquired nine percent stake in Reliance Capital Asset Management for Rs.657 crore and later increased the stake to 35 percent.
According to the company, the mutual fund outfit Reliance Capital Asset Management (RCAM) managed Rs. 2,44,649 crore ($ 39.3 billion) as on March 31, 2015, across mutual funds, pension funds, managed accounts and offshore funds.
The fund manages 66 schemes and commands 11 percent market share in terms of assets under management.
In the commercial finance business, the disbursements for the year ended March 31, 2015, were Rs.10,442 crore showing a growth of seven percent over previous year.
The total income for the year ended March 31, 2015, was Rs. 2,361 crore logging seven percent growth over previous year.
The net interest margin for the fiscal was 5.9 percent, as against 5.5 pecent for the corresponding previous period.
Reliance Life Insurance Company had earned a total premium (net of reinsurance) of Rs.4,592 crore last fiscal showing eight percent growth.
Reliance Life achieved a profit of Rs. 135 crore for the year ended March 31, 2015.
In the non-life insurance sector, Reliance General Insurance underwrote a gross premium of Rs.2,753 crore logging 13 percent growth over the previous year.
The profit for the year was Rs. 81 crore up by 27 percent over the previous year.
The broking and distribution businesses earned a revenue of Rs.187 crore and Rs.98 crore respectively last fiscal.