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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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R R Securities reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

R R Securities 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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Madras Fertilizers reports standalone net loss of Rs 27.69 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Madras Fertilizers reported to Rs 27.69 crore in the quarter ended September 2016 as against net loss of Rs 8.25 crore during the previous quarter ended September 2015. Sales declined 12.91% to Rs 309.18 crore in the quarter ended September 2016 as against Rs 355.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales309.18355.00 -13 OPM %-2.443.57 - PBDT-22.22-2.78 -699 PBT-27.69-8.25 -236 NP-27.69-8.25 -236

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Nava Bharat Ventures standalone net profit declines 74.10% in the September 2016 quarter
Nov 17,2016

Net profit of Nava Bharat Ventures declined 74.10% to Rs 5.90 crore in the quarter ended September 2016 as against Rs 22.78 crore during the previous quarter ended September 2015. Sales declined 11.08% to Rs 222.75 crore in the quarter ended September 2016 as against Rs 250.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales222.75250.51 -11 OPM %10.485.91 - PBDT18.7230.13 -38 PBT10.8223.03 -53 NP5.9022.78 -74

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Consolidated Finvest & Holdings standalone net profit declines 97.58% in the September 2016 quarter
Nov 17,2016

Net profit of Consolidated Finvest & Holdings declined 97.58% to Rs 0.93 crore in the quarter ended September 2016 as against Rs 38.39 crore during the previous quarter ended September 2015. Sales rose 116.39% to Rs 1.32 crore in the quarter ended September 2016 as against Rs 0.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.320.61 116 OPM %108.336347.54 - PBDT1.4338.73 -96 PBT1.4238.72 -96 NP0.9338.39 -98

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HMT reports standalone net loss of Rs 31.14 crore in the September 2016 quarter
Nov 17,2016

Net Loss of HMT reported to Rs 31.14 crore in the quarter ended September 2016 as against net loss of Rs 24.25 crore during the previous quarter ended September 2015. Sales declined 54.78% to Rs 6.81 crore in the quarter ended September 2016 as against Rs 15.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.8115.06 -55 OPM %-394.27-164.87 - PBDT-30.49-23.50 -30 PBT-31.14-24.25 -28 NP-31.14-24.25 -28

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United Nilgiri Tea Estates Company standalone net profit rises 7.21% in the September 2016 quarter
Nov 17,2016

Net profit of United Nilgiri Tea Estates Company rose 7.21% to Rs 3.42 crore in the quarter ended September 2016 as against Rs 3.19 crore during the previous quarter ended September 2015. Sales declined 7.92% to Rs 14.06 crore in the quarter ended September 2016 as against Rs 15.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.0615.27 -8 OPM %32.8627.57 - PBDT5.174.75 9 PBT4.544.18 9 NP3.423.19 7

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Kothari Sugars & Chemicals standalone net profit rises 84.72% in the September 2016 quarter
Nov 17,2016

Net profit of Kothari Sugars & Chemicals rose 84.72% to Rs 1.33 crore in the quarter ended September 2016 as against Rs 0.72 crore during the previous quarter ended September 2015. Sales rose 44.16% to Rs 75.25 crore in the quarter ended September 2016 as against Rs 52.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.2552.20 44 OPM %9.249.23 - PBDT5.864.88 20 PBT2.271.10 106 NP1.330.72 85

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Nava Bharat Ventures consolidated net profit declines 91.01% in the September 2016 quarter
Nov 17,2016

Net profit of Nava Bharat Ventures declined 91.01% to Rs 6.25 crore in the quarter ended September 2016 as against Rs 69.55 crore during the previous quarter ended September 2015. Sales declined 22.76% to Rs 317.64 crore in the quarter ended September 2016 as against Rs 411.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales317.64411.24 -23 OPM %7.2820.73 - PBDT10.5191.91 -89 PBT-11.7873.00 PL NP6.2569.55 -91

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Sanjivani Paranteral reports standalone net loss of Rs 2.25 crore in the September 2016 quarter
Nov 17,2016

Net loss of Sanjivani Paranteral reported to Rs 2.25 crore in the quarter ended September 2016 as against net profit of Rs 0.85 crore during the previous quarter ended September 2015. Sales declined 84.68% to Rs 6.32 crore in the quarter ended September 2016 as against Rs 41.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.3241.26 -85 OPM %-6.178.39 - PBDT-1.911.20 PL PBT-2.250.85 PL NP-2.250.85 PL

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Kiran Print Pack reports standalone net profit of Rs 0.19 crore in the September 2016 quarter
Nov 17,2016

Net profit of Kiran Print Pack reported to Rs 0.19 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 as against Rs 0.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.09 -100 OPM %0-66.67 - PBDT0.190 0 PBT0.19-0.01 LP NP0.19-0.01 LP

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Sindu Valley Technologies reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Sindu Valley Technologies reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales reported to Rs 0.01 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. Sales0.010 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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PFL Infotech standalone net profit rises 44.44% in the September 2016 quarter
Nov 17,2016

Net profit of PFL Infotech rose 44.44% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.09 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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Sri Ramakrishna Mills (Coimbatore) reports standalone net loss of Rs 1.47 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Sri Ramakrishna Mills (Coimbatore) reported to Rs 1.47 crore in the quarter ended September 2016 as against net loss of Rs 1.74 crore during the previous quarter ended September 2015. Sales declined 45.17% to Rs 2.44 crore in the quarter ended September 2016 as against Rs 4.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.444.45 -45 OPM %-40.16-25.62 - PBDT-1.31-1.55 15 PBT-1.47-1.74 16 NP-1.47-1.74 16

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RSC International reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 17,2016

Net Loss of RSC International reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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Corporate Courier & Cargo reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Corporate Courier & Cargo reported to Rs 0.03 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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