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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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Nouveau Global Ventures reports standalone net loss of Rs 0.57 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.640.60 7 OPM %-35.9431.67 - PBDT-0.530.19 PL PBT-0.570.15 PL NP-0.570.10 PL

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Tirupati Foam standalone net profit rises 10.53% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.3817.40 -17 OPM %13.6313.28 - PBDT1.121.12 0 PBT0.640.55 16 NP0.420.38 11

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales299.55479.58 -38 OPM %0.04-0.07 - PBDT2.702.40 13 PBT-3.31-4.43 25 NP-3.65-5.00 27

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Techno Electric & Engineering Company consolidated net profit rises 58.33% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales362.07248.88 45 OPM %30.8133.39 - PBDT104.6279.27 32 PBT91.3367.44 35 NP70.6044.59 58

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Nu Tek India reports consolidated net loss of Rs 0.80 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.768.50 15 OPM %10.3512.24 - PBDT0.550.58 -5 PBT-0.77-1.25 38 NP-0.80-1.36 41

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Techno Electric & Engineering Company standalone net profit rises 31.56% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales309.56212.59 46 OPM %18.4620.66 - PBDT64.0049.29 30 PBT59.9445.91 31 NP44.9434.16 32

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Nu Tek India standalone net profit rises 32.14% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.506.70 27 OPM %11.7614.78 - PBDT0.540.54 0 PBT0.380.40 -5 NP0.370.28 32

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Alora Trading Company standalone net profit rises 11.11% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.190 0 OPM %78.950 - PBDT0.150.13 15 PBT0.150.13 15 NP0.100.09 11

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Cantabil Retail India standalone net profit declines 18.89% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.1436.92 1 OPM %10.479.48 - PBDT2.512.20 14 PBT0.800.83 -4 NP0.730.90 -19

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Ugar Sugar Works reports standalone net loss of Rs 25.88 crore in the September 2016 quarter
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Net loss of Ugar Sugar Works reported to Rs 25.88 crore in the quarter ended September 2016 as against net profit of Rs 29.81 crore during the previous quarter ended September 2015. Sales rose 32.25% to Rs 123.06 crore in the quarter ended September 2016 as against Rs 93.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales123.0693.05 32 OPM %-13.7345.05 - PBDT-23.3333.85 PL PBT-26.7929.95 PL NP-25.8829.81 PL

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ISGEC Heavy Engineering standalone net profit declines 27.13% in the September 2016 quarter
Nov 21,2016

Net profit of ISGEC Heavy Engineering declined 27.13% to Rs 44.03 crore in the quarter ended September 2016 as against Rs 60.42 crore during the previous quarter ended September 2015. Sales declined 32.44% to Rs 724.58 crore in the quarter ended September 2016 as against Rs 1072.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales724.581072.47 -32 OPM %9.178.53 - PBDT84.41102.80 -18 PBT68.6986.49 -21 NP44.0360.42 -27

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India Nippon Electricals standalone net profit rises 25.76% in the September 2016 quarter
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Net profit of India Nippon Electricals rose 25.76% to Rs 10.69 crore in the quarter ended September 2016 as against Rs 8.50 crore during the previous quarter ended September 2015. Sales rose 13.09% to Rs 96.40 crore in the quarter ended September 2016 as against Rs 85.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales96.4085.24 13 OPM %11.9310.53 - PBDT16.2012.52 29 PBT15.2411.56 32 NP10.698.50 26

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Spisys standalone net profit declines 81.55% in the September 2016 quarter
Nov 21,2016

Net profit of Spisys declined 81.55% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 1.03 crore during the previous quarter ended September 2015. Sales declined 80.89% to Rs 1.29 crore in the quarter ended September 2016 as against Rs 6.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.296.75 -81 OPM %19.3816.00 - PBDT0.241.08 -78 PBT0.191.03 -82 NP0.191.03 -82

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Simbhaoli Sugars reports standalone net loss of Rs 21.36 crore in the September 2016 quarter
Nov 21,2016

Net Loss of Simbhaoli Sugars reported to Rs 21.36 crore in the quarter ended September 2016 as against net loss of Rs 35.61 crore during the previous quarter ended September 2015. Sales rose 11.81% to Rs 118.30 crore in the quarter ended September 2016 as against Rs 105.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales118.30105.80 12 OPM %17.830.93 - PBDT-9.65-23.20 58 PBT-21.36-35.61 40 NP-21.36-35.61 40

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Ventura Guaranty reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 21,2016

Net Loss of Ventura Guaranty reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore 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 %-200.000 - PBDT-0.02-0.01 -100 PBT-0.02-0.01 -100 NP-0.02-0.01 -100

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