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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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Pilani Investment & Industries Corporation standalone net profit rises 5.44% in the September 2016 quarter
Nov 18,2016

Net profit of Pilani Investment & Industries Corporation rose 5.44% to Rs 37.22 crore in the quarter ended September 2016 as against Rs 35.30 crore during the previous quarter ended September 2015. Sales rose 6.20% to Rs 38.19 crore in the quarter ended September 2016 as against Rs 35.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales38.1935.96 6 OPM %99.3799.47 - PBDT37.9535.77 6 PBT37.7935.72 6 NP37.2235.30 5

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Regal Entertainment & Consultants reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Regal Entertainment & Consultants reported to Rs 0.10 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.040.04 0 OPM %-250.00-75.00 - PBDT-0.10-0.03 -233 PBT-0.10-0.03 -233 NP-0.10-0.03 -233

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PTC Industries standalone net profit rises 41.88% in the September 2016 quarter
Nov 18,2016

Net profit of PTC Industries rose 41.88% to Rs 1.66 crore in the quarter ended September 2016 as against Rs 1.17 crore during the previous quarter ended September 2015. Sales rose 27.87% to Rs 27.94 crore in the quarter ended September 2016 as against Rs 21.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.9421.85 28 OPM %14.9211.85 - PBDT3.682.76 33 PBT2.301.66 39 NP1.661.17 42

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Heera Ispat reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Heera Ispat reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.03 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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Oscar Global reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 18,2016

Net loss of Oscar Global reported to Rs 0.13 crore in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 21.86% to Rs 2.23 crore in the quarter ended September 2016 as against Rs 1.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.231.83 22 OPM %-3.593.83 - PBDT-0.080.07 PL PBT-0.130.02 PL NP-0.130.02 PL

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Tulasee Bio-Ethanol reports standalone nil net profit/loss in the September 2016 quarter
Nov 18,2016

Tulasee Bio-Ethanol 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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Sagar Systech reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Sagar Systech reported to Rs 0.01 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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Jyotirgamya Enterprises reports standalone nil net profit/loss in the September 2016 quarter
Nov 18,2016

Jyotirgamya Enterprises reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales reported to Rs 0.04 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. Sales0.040 0 OPM %00 - PBDT0.01-0.01 LP PBT0-0.02 100 NP0-0.02 100

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Arman Financial Services standalone net profit rises 30.88% in the September 2016 quarter
Nov 18,2016

Net profit of Arman Financial Services rose 30.88% to Rs 0.89 crore in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015. Sales rose 2.20% to Rs 4.19 crore in the quarter ended September 2016 as against Rs 4.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.194.10 2 OPM %64.6860.24 - PBDT1.361.11 23 PBT1.331.08 23 NP0.890.68 31

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Tyroon Tea Company standalone net profit declines 28.01% in the September 2016 quarter
Nov 18,2016

Net profit of Tyroon Tea Company declined 28.01% to Rs 2.75 crore in the quarter ended September 2016 as against Rs 3.82 crore during the previous quarter ended September 2015. Sales declined 21.59% to Rs 7.99 crore in the quarter ended September 2016 as against Rs 10.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.9910.19 -22 OPM %33.4237.39 - PBDT2.873.93 -27 PBT2.753.82 -28 NP2.753.82 -28

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Easy Fincorp reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 18,2016

Net loss of Easy Fincorp reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported 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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Neogem India standalone net profit declines 86.21% in the September 2016 quarter
Nov 18,2016

Net profit of Neogem India declined 86.21% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 1.88% to Rs 5.96 crore in the quarter ended September 2016 as against Rs 5.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.965.85 2 OPM %2.5211.28 - PBDT0.140.31 -55 PBT0.120.29 -59 NP0.040.29 -86

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Ashiana Housing standalone net profit rises 32.47% in the September 2016 quarter
Nov 18,2016

Net profit of Ashiana Housing rose 32.47% to Rs 21.99 crore in the quarter ended September 2016 as against Rs 16.60 crore during the previous quarter ended September 2015. Sales rose 52.23% to Rs 109.42 crore in the quarter ended September 2016 as against Rs 71.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales109.4271.88 52 OPM %26.0319.67 - PBDT35.0122.83 53 PBT33.0420.84 59 NP21.9916.60 32

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Board of NHPc approves raising funds of Rs 2250 crore by private placement of bonds
Nov 18,2016

The Board of Directors of NHPC at its meeting held on 18 November 2016 has approved the proposal for raising of Rs 2250 crore through issuance of V Series Corporate Bonds on private placement basis which is out of the Rs 4500 crore already approved by the shareholders in the 40th AGM held on 22 September 2016.

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Godawari Power & Ispat to announce September quarter and half year results
Nov 18,2016

Godawari Power & Ispat announced that a meeting of the Board of Directors of the Company is scheduled to be held on 25 November 2016, inter alia, to consider and approve the Un-audited Standalone Financial Results of the Company for the quarter and half year ended 30 September 2016.

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