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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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BLS International Services standalone net profit rises 7500.00% in the March 2017 quarter
May 23,2017

Net profit of BLS International Services rose 7500.00% to Rs 0.76 crore in the quarter ended March 2017 as against Rs 0.01 crore during the previous quarter ended March 2016. Sales rose 223.83% to Rs 6.93 crore in the quarter ended March 2017 as against Rs 2.14 crore during the previous quarter ended March 2016.

For the full year,net profit rose 158.68% to Rs 3.13 crore in the year ended March 2017 as against Rs 1.21 crore during the previous year ended March 2016. Sales rose 51.60% to Rs 24.09 crore in the year ended March 2017 as against Rs 15.89 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales6.932.14 224 24.0915.89 52 OPM %-0.87-54.67 -18.8016.05 - PBDT1.300.34 282 6.013.82 57 PBT0.87-0.20 LP 4.411.67 164 NP0.760.01 7500 3.131.21 159

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Asian Flora reports standalone net loss of Rs 0.06 crore in the March 2017 quarter
May 23,2017

Net loss of Asian Flora reported to Rs 0.06 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.06 crore in the year ended March 2017. There were no net profit/loss reported during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Asian Oilfield Services reports standalone net profit of Rs 5.26 crore in the March 2017 quarter
May 23,2017

Net profit of Asian Oilfield Services reported to Rs 5.26 crore in the quarter ended March 2017 as against net loss of Rs 9.81 crore during the previous quarter ended March 2016. Sales rose 405.60% to Rs 29.78 crore in the quarter ended March 2017 as against Rs 5.89 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.49 crore in the year ended March 2017 as against net loss of Rs 29.40 crore during the previous year ended March 2016. Sales rose 363.89% to Rs 43.42 crore in the year ended March 2017 as against Rs 9.36 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales29.785.89 406 43.429.36 364 OPM %19.68-137.35 --0.25-228.85 - PBDT6.75-8.29 LP -0.49-21.60 98 PBT5.47-9.81 LP -5.75-27.59 79 NP5.26-9.81 LP 0.49-29.40 LP

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Allcargo Logistics consolidated net profit declines 2.39% in the March 2017 quarter
May 23,2017

Net profit of Allcargo Logistics declined 2.39% to Rs 57.24 crore in the quarter ended March 2017 as against Rs 58.64 crore during the previous quarter ended March 2016. Sales declined 1.79% to Rs 1360.80 crore in the quarter ended March 2017 as against Rs 1385.57 crore during the previous quarter ended March 2016.

For the full year,net profit declined 3.36% to Rs 231.82 crore in the year ended March 2017 as against Rs 239.87 crore during the previous year ended March 2016. Sales declined 1.06% to Rs 5568.12 crore in the year ended March 2017 as against Rs 5628.05 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1360.801385.57 -2 5568.125628.05 -1 OPM %7.768.44 -8.358.95 - PBDT110.93116.06 -4 477.81491.08 -3 PBT72.3869.92 4 311.64290.45 7 NP57.2458.64 -2 231.82239.87 -3

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Brigade Enterprises consolidated net profit rises 173.77% in the March 2017 quarter
May 23,2017

Net profit of Brigade Enterprises rose 173.77% to Rs 82.35 crore in the quarter ended March 2017 as against Rs 30.08 crore during the previous quarter ended March 2016. Sales rose 11.98% to Rs 553.74 crore in the quarter ended March 2017 as against Rs 494.48 crore during the previous quarter ended March 2016.

For the full year,net profit rose 20.22% to Rs 167.20 crore in the year ended March 2017 as against Rs 139.08 crore during the previous year ended March 2016. Sales declined 0.68% to Rs 2024.14 crore in the year ended March 2017 as against Rs 2037.92 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales553.74494.48 12 2024.142037.92 -1 OPM %35.7823.41 -28.3824.05 - PBDT145.8274.82 95 362.12323.90 12 PBT112.9942.34 167 239.57217.98 10 NP82.3530.08 174 167.20139.08 20

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Brigade Enterprises standalone net profit rises 238.87% in the March 2017 quarter
May 23,2017

Net profit of Brigade Enterprises rose 238.87% to Rs 72.45 crore in the quarter ended March 2017 as against Rs 21.38 crore during the previous quarter ended March 2016. Sales rose 43.22% to Rs 465.49 crore in the quarter ended March 2017 as against Rs 325.01 crore during the previous quarter ended March 2016.

For the full year,net profit rose 12.08% to Rs 165.12 crore in the year ended March 2017 as against Rs 147.32 crore during the previous year ended March 2016. Sales rose 4.85% to Rs 1654.77 crore in the year ended March 2017 as against Rs 1578.27 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales465.49325.01 43 1654.771578.27 5 OPM %32.1724.40 -27.2123.48 - PBDT123.8760.33 105 342.79310.00 11 PBT97.9130.03 226 234.08212.02 10 NP72.4521.38 239 165.12147.32 12

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Real Growth Commercial Enterprises reports standalone net loss of Rs 0.76 crore in the March 2017 quarter
May 23,2017

Net loss of Real Growth Commercial Enterprises reported to Rs 0.76 crore in the quarter ended March 2017 as against net profit of Rs 0.43 crore during the previous quarter ended March 2016. Sales declined 59.76% to Rs 51.28 crore in the quarter ended March 2017 as against Rs 127.45 crore during the previous quarter ended March 2016.

For the full year,net profit declined 48.31% to Rs 0.46 crore in the year ended March 2017 as against Rs 0.89 crore during the previous year ended March 2016. Sales rose 15.74% to Rs 284.04 crore in the year ended March 2017 as against Rs 245.42 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales51.28127.45 -60 284.04245.42 16 OPM %0.821.32 -2.041.90 - PBDT-1.140.94 PL 0.691.74 -60 PBT-1.140.94 PL 0.681.66 -59 NP-0.760.43 PL 0.460.89 -48

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Panache Innovations standalone net profit declines 5.00% in the March 2017 quarter
May 23,2017

Net profit of Panache Innovations declined 5.00% to Rs 0.19 crore in the quarter ended March 2017 as against Rs 0.20 crore during the previous quarter ended March 2016. Sales rose 1827.78% to Rs 6.94 crore in the quarter ended March 2017 as against Rs 0.36 crore during the previous quarter ended March 2016.

For the full year,net profit declined 56.25% to Rs 0.28 crore in the year ended March 2017 as against Rs 0.64 crore during the previous year ended March 2016. Sales rose 648.30% to Rs 11.00 crore in the year ended March 2017 as against Rs 1.47 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales6.940.36 1828 11.001.47 648 OPM %0.7225.00 -1.273.40 - PBDT0.280.20 40 0.370.64 -42 PBT0.270.20 35 0.360.64 -44 NP0.190.20 -5 0.280.64 -56

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Minda Finance to hold board meeting
May 23,2017

Minda Finance will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the Audited Standalone Financial Results for the Quarter and year ended on March 31, 2017 and to consider and approve the Audited Consolidated Financial Results for the year ended on March 31, 2017.

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Suvidha Infraestate Corporation to hold board meeting
May 23,2017

Suvidha Infraestate Corporation will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2017.

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Econo Trade (India) to hold board meeting
May 23,2017

Econo Trade (India) will hold a meeting of the Board of Directors of the Company on 30 May 2017, to Consider and take on record the Financial result for 31 March 2017.

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Pankaj Piyush Trade & Investment to hold board meeting
May 23,2017

Pankaj Piyush Trade & Investment will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve audited Financial Results for the quarter and year ended March 31, 2017.

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Brooks Laboratories to hold board meeting
May 23,2017

Brooks Laboratories will hold a meeting of the Board of Directors of the Company on 29 May 2017, for approval of Audited financial results for the year ended 31 March 2017.

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Tentiwala Metal Products to hold board meeting
May 23,2017

Tentiwala Metal Products will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the audited financial results of the company for the half-yearly and financial year ended on 31st March 2017.

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Corporate Courier & Cargo to hold board meeting
May 23,2017

Corporate Courier & Cargo will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider adoption of Audited Financial Results for the financial year ended March 31, 2017 and Quarter ended March 2017.

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