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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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IMP Powers consolidated net profit declines 77.59% in the September 2016 quarter
Nov 22,2016

Net profit of IMP Powers declined 77.59% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.58 crore during the previous quarter ended September 2015. Sales declined 7.39% to Rs 75.28 crore in the quarter ended September 2016 as against Rs 81.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.2881.29 -7 OPM %10.2310.22 - PBDT1.752.20 -20 PBT0.220.63 -65 NP0.130.58 -78

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Larsen & Toubro consolidated net profit rises 84.31% in the September 2016 quarter
Nov 22,2016

Net profit of Larsen & Toubro rose 84.31% to Rs 1434.63 crore in the quarter ended September 2016 as against Rs 778.37 crore during the previous quarter ended September 2015. Sales rose 8.48% to Rs 24923.98 crore in the quarter ended September 2016 as against Rs 22976.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24923.9822976.50 8 OPM %9.229.27 - PBDT2427.272013.84 21 PBT1967.121485.29 32 NP1434.63778.37 84

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GTL Infrastructure reports standalone net loss of Rs 60.43 crore in the September 2016 quarter
Nov 22,2016

Net Loss of GTL Infrastructure reported to Rs 60.43 crore in the quarter ended September 2016 as against net loss of Rs 185.74 crore during the previous quarter ended September 2015. Sales declined 0.25% to Rs 264.47 crore in the quarter ended September 2016 as against Rs 265.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales264.47265.12 0 OPM %41.8612.41 - PBDT-1.14-123.02 99 PBT-60.43-185.74 67 NP-60.43-185.74 67

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Bobshell Electrodes reports standalone net profit of Rs 0.11 crore in the September 2016 quarter
Nov 22,2016

Net profit of Bobshell Electrodes reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 57.41% to Rs 0.85 crore in the quarter ended September 2016 as against Rs 0.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.850.54 57 OPM %10.59-12.96 - PBDT0.13-0.03 LP PBT0.11-0.07 LP NP0.11-0.07 LP

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IMP Powers standalone net profit declines 86.00% in the September 2016 quarter
Nov 22,2016

Net profit of IMP Powers declined 86.00% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.50 crore during the previous quarter ended September 2015. Sales declined 9.78% to Rs 73.34 crore in the quarter ended September 2016 as against Rs 81.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales73.3481.29 -10 OPM %10.169.90 - PBDT1.612.04 -21 PBT0.100.50 -80 NP0.070.50 -86

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Larsen & Toubro standalone net profit rises 118.55% in the September 2016 quarter
Nov 22,2016

Net profit of Larsen & Toubro rose 118.55% to Rs 2718.74 crore in the quarter ended September 2016 as against Rs 1244.01 crore during the previous quarter ended September 2015. Sales rose 3.28% to Rs 14589.44 crore in the quarter ended September 2016 as against Rs 14125.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14589.4414125.91 3 OPM %7.468.21 - PBDT1372.771266.59 8 PBT1099.84957.63 15 NP2718.741244.01 119

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Ushdev International reports standalone net loss of Rs 123.68 crore in the September 2016 quarter
Nov 22,2016

Net loss of Ushdev International reported to Rs 123.68 crore in the quarter ended September 2016 as against net profit of Rs 71.82 crore during the previous quarter ended September 2015. Sales declined 67.15% to Rs 806.10 crore in the quarter ended September 2016 as against Rs 2453.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales806.102453.94 -67 OPM %-3.065.36 - PBDT-121.7595.31 PL PBT-123.6693.38 PL NP-123.6871.82 PL

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Shree Ganesh Biotech India standalone net profit rises 2933.33% in the September 2016 quarter
Nov 22,2016

Net profit of Shree Ganesh Biotech India rose 2933.33% to Rs 1.82 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales reported to Rs 3.02 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.020 0 OPM %60.600 - PBDT1.820.06 2933 PBT1.820.06 2933 NP1.820.06 2933

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MPF Systems reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 22,2016

Net Loss of MPF Systems reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Aroma Enterprises (India) reports standalone net loss of Rs 0.25 crore in the September 2016 quarter
Nov 22,2016

Net loss of Aroma Enterprises (India) reported to Rs 0.25 crore in the quarter ended September 2016 as against net profit of Rs 2.77 crore during the previous quarter ended September 2015. Sales rose 64.36% to Rs 4.98 crore in the quarter ended September 2016 as against Rs 3.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.983.03 64 OPM %-84.14101.98 - PBDT-0.223.15 PL PBT-0.253.13 PL NP-0.252.77 PL

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Duncans Industries reports standalone net loss of Rs 9.35 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Duncans Industries reported to Rs 9.35 crore in the quarter ended September 2016 as against net loss of Rs 1.86 crore during the previous quarter ended September 2015. Sales rose 51.36% to Rs 9.43 crore in the quarter ended September 2016 as against Rs 6.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.436.23 51 OPM %-34.6852.49 - PBDT-8.60-1.11 -675 PBT-9.35-1.86 -403 NP-9.35-1.86 -403

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Hasti Finance standalone net profit rises 100.00% in the September 2016 quarter
Nov 22,2016

Net profit of Hasti Finance rose 100.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 13.51% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.37 -14 OPM %9.382.70 - PBDT0.030.01 200 PBT0.030.01 200 NP0.020.01 100

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Creative World Telefilms reports standalone nil net profit/loss in the September 2016 quarter
Nov 22,2016

Creative World Telefilms reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Eastern Silk Industries reports standalone net loss of Rs 3.32 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Eastern Silk Industries reported to Rs 3.32 crore in the quarter ended September 2016 as against net loss of Rs 3.49 crore during the previous quarter ended September 2015. Sales declined 4.89% to Rs 14.77 crore in the quarter ended September 2016 as against Rs 15.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.7715.53 -5 OPM %-5.69-5.09 - PBDT-0.72-0.08 -800 PBT-3.32-3.49 5 NP-3.32-3.49 5

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Malwa Cotton Spinning Mills reports standalone net loss of Rs 3.59 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Malwa Cotton Spinning Mills reported to Rs 3.59 crore in the quarter ended September 2016 as against net loss of Rs 10.18 crore during the previous quarter ended September 2015. Sales rose 3.92% to Rs 7.95 crore in the quarter ended September 2016 as against Rs 7.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.957.65 4 OPM %-39.87-126.54 - PBDT-3.14-9.67 68 PBT-3.59-10.18 65 NP-3.59-10.18 65

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