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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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Kuantum Papers standalone net profit rises 88.38% in the December 2016 quarter
Feb 13,2017

Net profit of Kuantum Papers rose 88.38% to Rs 13.45 crore in the quarter ended December 2016 as against Rs 7.14 crore during the previous quarter ended December 2015. Sales rose 16.66% to Rs 152.41 crore in the quarter ended December 2016 as against Rs 130.65 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales152.41130.65 17 OPM %18.3913.13 - PBDT23.8112.55 90 PBT19.899.10 119 NP13.457.14 88

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Southern Gas standalone net profit declines 78.79% in the December 2016 quarter
Feb 13,2017

Net profit of Southern Gas declined 78.79% to Rs 0.07 crore in the quarter ended December 2016 as against Rs 0.33 crore during the previous quarter ended December 2015. Sales rose 6.06% to Rs 6.65 crore in the quarter ended December 2016 as against Rs 6.27 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6.656.27 6 OPM %6.9213.56 - PBDT0.550.90 -39 PBT0.100.49 -80 NP0.070.33 -79

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Beardsell standalone net profit rises 256.52% in the December 2016 quarter
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Net profit of Beardsell rose 256.52% to Rs 1.64 crore in the quarter ended December 2016 as against Rs 0.46 crore during the previous quarter ended December 2015. Sales declined 7.63% to Rs 38.24 crore in the quarter ended December 2016 as against Rs 41.40 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales38.2441.40 -8 OPM %10.545.82 - PBDT3.391.37 147 PBT2.520.71 255 NP1.640.46 257

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Mefcom Capital Markets reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 13,2017

Net profit of Mefcom Capital Markets reported to Rs 0.01 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 55.17% to Rs 0.26 crore in the quarter ended December 2016 as against Rs 0.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.260.58 -55 OPM %-26.92-8.62 - PBDT0.010.01 0 PBT0.010 0 NP0.010 0

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Kings Infra Ventures standalone net profit rises 700.00% in the December 2016 quarter
Feb 13,2017

Net profit of Kings Infra Ventures rose 700.00% to Rs 0.08 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015. Sales rose 55.94% to Rs 3.15 crore in the quarter ended December 2016 as against Rs 2.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.152.02 56 OPM %5.084.46 - PBDT0.090.02 350 PBT0.080.01 700 NP0.080.01 700

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Quest Softech India reports standalone net loss of Rs 0.08 crore in the December 2016 quarter
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Net Loss of Quest Softech India reported to Rs 0.08 crore in the quarter ended December 2016 as against net loss of Rs 0.11 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Somi Conveyor Beltings standalone net profit declines 85.14% in the December 2016 quarter
Feb 13,2017

Net profit of Somi Conveyor Beltings declined 85.14% to Rs 0.11 crore in the quarter ended December 2016 as against Rs 0.74 crore during the previous quarter ended December 2015. Sales declined 8.86% to Rs 14.81 crore in the quarter ended December 2016 as against Rs 16.25 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales14.8116.25 -9 OPM %13.7719.51 - PBDT1.582.80 -44 PBT0.171.12 -85 NP0.110.74 -85

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Supreme Infrastructure India reports standalone net loss of Rs 38.31 crore in the December 2016 quarter
Feb 13,2017

Net Loss of Supreme Infrastructure India reported to Rs 38.31 crore in the quarter ended December 2016 as against net loss of Rs 17.09 crore during the previous quarter ended December 2015. Sales rose 15.72% to Rs 306.34 crore in the quarter ended December 2016 as against Rs 264.73 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales306.34264.73 16 OPM %16.0416.45 - PBDT-9.23-17.75 48 PBT-15.64-25.42 38 NP-38.31-17.09 -124

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Malu Paper Mills standalone net profit declines 53.00% in the December 2016 quarter
Feb 13,2017

Net profit of Malu Paper Mills declined 53.00% to Rs 0.47 crore in the quarter ended December 2016 as against Rs 1.00 crore during the previous quarter ended December 2015. Sales rose 4.06% to Rs 59.66 crore in the quarter ended December 2016 as against Rs 57.33 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales59.6657.33 4 OPM %10.268.36 - PBDT1.852.60 -29 PBT0.681.45 -53 NP0.471.00 -53

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Parsvnath Developers reports standalone net loss of Rs 15.06 crore in the December 2016 quarter
Feb 13,2017

Net Loss of Parsvnath Developers reported to Rs 15.06 crore in the quarter ended December 2016 as against net loss of Rs 3.94 crore during the previous quarter ended December 2015. Sales declined 17.88% to Rs 54.74 crore in the quarter ended December 2016 as against Rs 66.66 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales54.7466.66 -18 OPM %7.7521.65 - PBDT-18.87-3.41 -453 PBT-21.05-5.79 -264 NP-15.06-3.94 -282

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Apollo Sindoori Hotels reports standalone net profit of Rs 1.50 crore in the December 2016 quarter
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Net profit of Apollo Sindoori Hotels reported to Rs 1.50 crore in the quarter ended December 2016 as against net loss of Rs 3.19 crore during the previous quarter ended December 2015. Sales declined 0.80% to Rs 34.78 crore in the quarter ended December 2016 as against Rs 35.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales34.7835.06 -1 OPM %10.01-9.98 - PBDT3.66-3.52 LP PBT3.43-3.76 LP NP1.50-3.19 LP

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Veer Energy & Infrastructure standalone net profit rises 50.00% in the December 2016 quarter
Feb 13,2017

Net profit of Veer Energy & Infrastructure rose 50.00% to Rs 0.30 crore in the quarter ended December 2016 as against Rs 0.20 crore during the previous quarter ended December 2015. Sales declined 55.83% to Rs 2.88 crore in the quarter ended December 2016 as against Rs 6.52 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.886.52 -56 OPM %21.186.44 - PBDT0.550.43 28 PBT0.300.20 50 NP0.300.20 50

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IKF Technologies standalone net profit rises 24.14% in the December 2016 quarter
Feb 13,2017

Net profit of IKF Technologies rose 24.14% to Rs 0.36 crore in the quarter ended December 2016 as against Rs 0.29 crore during the previous quarter ended December 2015. Sales rose 7.63% to Rs 17.07 crore in the quarter ended December 2016 as against Rs 15.86 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales17.0715.86 8 OPM %11.6610.21 - PBDT1.791.42 26 PBT0.360.29 24 NP0.360.29 24

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Tera Software standalone net profit declines 27.34% in the December 2016 quarter
Feb 13,2017

Net profit of Tera Software declined 27.34% to Rs 1.94 crore in the quarter ended December 2016 as against Rs 2.67 crore during the previous quarter ended December 2015. Sales rose 66.37% to Rs 45.32 crore in the quarter ended December 2016 as against Rs 27.24 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales45.3227.24 66 OPM %9.9321.55 - PBDT3.704.76 -22 PBT3.084.08 -25 NP1.942.67 -27

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GRM Overseas reports standalone net profit of Rs 0.81 crore in the December 2016 quarter
Feb 13,2017

Net profit of GRM Overseas reported to Rs 0.81 crore in the quarter ended December 2016 as against net loss of Rs 1.23 crore during the previous quarter ended December 2015. Sales rose 66.84% to Rs 156.08 crore in the quarter ended December 2016 as against Rs 93.55 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales156.0893.55 67 OPM %1.60-0.67 - PBDT1.73-1.33 LP PBT1.21-1.83 LP NP0.81-1.23 LP

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