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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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Brahmaputra Infrastructure reports standalone net loss of Rs 3.75 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Brahmaputra Infrastructure reported to Rs 3.75 crore in the quarter ended September 2016 as against net loss of Rs 3.21 crore during the previous quarter ended September 2015. Sales declined 16.42% to Rs 37.40 crore in the quarter ended September 2016 as against Rs 44.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.4044.75 -16 OPM %14.3320.40 - PBDT-2.60-1.28 -103 PBT-5.74-4.75 -21 NP-3.75-3.21 -17

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Acme Resources standalone net profit rises 36.45% in the September 2016 quarter
Nov 16,2016

Net profit of Acme Resources rose 36.45% to Rs 1.46 crore in the quarter ended September 2016 as against Rs 1.07 crore during the previous quarter ended September 2015. Sales declined 0.32% to Rs 6.29 crore in the quarter ended September 2016 as against Rs 6.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.296.31 0 OPM %57.3979.87 - PBDT1.711.90 -10 PBT1.701.93 -12 NP1.461.07 36

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Melstar Information Technologies reports standalone net loss of Rs 0.87 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Melstar Information Technologies reported to Rs 0.87 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 15.87% to Rs 6.68 crore in the quarter ended September 2016 as against Rs 7.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.687.94 -16 OPM %-3.896.05 - PBDT-0.710.13 PL PBT-0.87-0.03 -2800 NP-0.87-0.03 -2800

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Monnet Industries reports standalone net loss of Rs 4.87 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Monnet Industries reported to Rs 4.87 crore in the quarter ended September 2016 as against net loss of Rs 7.17 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 4.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales04.09 -100 OPM %0-24.94 - PBDT-4.86-7.17 32 PBT-4.87-7.17 32 NP-4.87-7.17 32

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Unison Metals reports standalone net profit of Rs 0.17 crore in the September 2016 quarter
Nov 16,2016

Net profit of Unison Metals reported to Rs 0.17 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 67.67% to Rs 20.54 crore in the quarter ended September 2016 as against Rs 12.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.5412.25 68 OPM %3.897.35 - PBDT0.490.42 17 PBT0.250.16 56 NP0.170 0

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Vardhman Concrete reports standalone net loss of Rs 0.33 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Vardhman Concrete reported to Rs 0.33 crore in the quarter ended September 2016 as against net loss of Rs 0.14 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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Hindustan Appliances standalone net profit declines 23.53% in the September 2016 quarter
Nov 16,2016

Net profit of Hindustan Appliances declined 23.53% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.17 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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Panoramic Universal reports standalone net loss of Rs 1.01 crore in the September 2016 quarter
Nov 16,2016

Net loss of Panoramic Universal reported to Rs 1.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales reported to Rs 2.46 crore in the quarter ended September 2016 as against Rs -9.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.46-9.79 LP OPM %85.37122.06 - PBDT-0.311.41 PL PBT-1.500.05 PL NP-1.010 0

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Cat Technologies reports standalone net profit of Rs 0.13 crore in the September 2016 quarter
Nov 16,2016

Net profit of Cat Technologies reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.84 crore during the previous quarter ended September 2015. Sales rose 70.45% to Rs 1.50 crore in the quarter ended September 2016 as against Rs 0.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.500.88 70 OPM %12.67-89.77 - PBDT0.18-0.81 LP PBT0.13-0.84 LP NP0.13-0.84 LP

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LWS Knitwear reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 16,2016

Net profit of LWS Knitwear remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 8.33% to Rs 5.28 crore in the quarter ended September 2016 as against Rs 5.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.285.76 -8 OPM %0.190.17 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Nutech Global standalone net profit rises 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Nutech Global rose 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 26.91% to Rs 8.04 crore in the quarter ended September 2016 as against Rs 11.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.0411.00 -27 OPM %6.724.55 - PBDT0.190.19 0 PBT0.040.04 0 NP0.030.02 50

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Shri Bholanath Carpets reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Shri Bholanath Carpets reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.08 crore during the previous quarter ended September 2015. Sales declined 34.15% to Rs 3.74 crore in the quarter ended September 2016 as against Rs 5.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.745.68 -34 OPM %6.154.93 - PBDT0.100.18 -44 PBT00.08 -100 NP00.08 -100

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Alfavision Overseas standalone net profit declines 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Alfavision Overseas declined 50.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 99.46% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 11.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.0611.20 -99 OPM %33.330.36 - PBDT0.020.04 -50 PBT0.020.04 -50 NP0.020.04 -50

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Lead Financial Services standalone net profit rises 30.00% in the September 2016 quarter
Nov 16,2016

Net profit of Lead Financial Services rose 30.00% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales declined 40.74% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.27 -41 OPM %75.0066.67 - PBDT0.120.17 -29 PBT0.120.13 -8 NP0.130.10 30

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Remsons Industries reports standalone net profit of Rs 0.59 crore in the September 2016 quarter
Nov 16,2016

Net profit of Remsons Industries reported to Rs 0.59 crore in the quarter ended September 2016 as against net loss of Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 25.91% to Rs 36.30 crore in the quarter ended September 2016 as against Rs 28.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.3028.83 26 OPM %4.993.16 - PBDT1.290.31 316 PBT0.67-0.31 LP NP0.59-0.21 LP

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