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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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Omnitex Industries (India) reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Omnitex Industries (India) reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.10 -100 OPM %0-30.00 - PBDT-0.020.01 PL PBT-0.04-0.02 -100 NP-0.04-0.02 -100

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AVI Photochem reports standalone net loss of Rs 0.22 crore in the September 2016 quarter
Nov 17,2016

Net Loss of AVI Photochem reported to Rs 0.22 crore in the quarter ended September 2016 as against net loss of Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 15.15% to Rs 0.38 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.380.33 15 OPM %-18.42-39.39 - PBDT-0.18-0.12 -50 PBT-0.21-0.12 -75 NP-0.22-0.12 -83

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Vijay Shanthi Builders standalone net profit rises 4783.33% in the September 2016 quarter
Nov 17,2016

Net profit of Vijay Shanthi Builders rose 4783.33% to Rs 11.72 crore in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015. Sales rose 616.29% to Rs 47.06 crore in the quarter ended September 2016 as against Rs 6.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.066.57 616 OPM %38.723.81 - PBDT13.040.45 2798 PBT12.940.35 3597 NP11.720.24 4783

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Ecoboard Industries reports standalone net loss of Rs 1.11 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Ecoboard Industries reported to Rs 1.11 crore in the quarter ended September 2016 as against net loss of Rs 2.41 crore during the previous quarter ended September 2015. Sales rose 13.26% to Rs 5.38 crore in the quarter ended September 2016 as against Rs 4.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.384.75 13 OPM %19.33-23.37 - PBDT0.16-2.06 LP PBT-0.14-2.41 94 NP-1.11-2.41 54

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Kothari Fermentation & Biochem standalone net profit rises 133.33% in the September 2016 quarter
Nov 17,2016

Net profit of Kothari Fermentation & Biochem rose 133.33% to Rs 0.56 crore in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015. Sales rose 4.29% to Rs 18.98 crore in the quarter ended September 2016 as against Rs 18.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.9818.20 4 OPM %10.066.48 - PBDT1.510.80 89 PBT0.850.30 183 NP0.560.24 133

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Jumbo Finance reports standalone net loss of Rs 0.17 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Jumbo Finance reported to Rs 0.17 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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Victoria Mills standalone net profit declines 96.36% in the September 2016 quarter
Nov 17,2016

Net profit of Victoria Mills declined 96.36% to Rs 0.40 crore in the quarter ended September 2016 as against Rs 11.00 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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Birla Transasia Carpets reports standalone net loss of Rs 0.21 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Birla Transasia Carpets reported to Rs 0.21 crore in the quarter ended September 2016 as against net loss of Rs 0.34 crore during the previous quarter ended September 2015. Sales rose 59.46% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.590.37 59 OPM %-22.03-48.65 - PBDT-0.14-0.25 44 PBT-0.21-0.34 38 NP-0.21-0.34 38

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Eastcoast Steel reports standalone net loss of Rs 0.27 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Eastcoast Steel reported to Rs 0.27 crore in the quarter ended September 2016 as against net loss of Rs 0.10 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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Sadbhav Infrastructure Projects reports consolidated net loss of Rs 101.43 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Sadbhav Infrastructure Projects reported to Rs 101.43 crore in the quarter ended September 2016 as against net loss of Rs 101.92 crore during the previous quarter ended September 2015. Sales declined 37.92% to Rs 275.65 crore in the quarter ended September 2016 as against Rs 444.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales275.65444.03 -38 OPM %69.4231.18 - PBDT-53.36-80.82 34 PBT-105.16-104.94 0 NP-101.43-101.92 0

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RDB Realty & Infrastructure reports consolidated net loss of Rs 0.19 crore in the September 2016 quarter
Nov 17,2016

Net loss of RDB Realty & Infrastructure reported to Rs 0.19 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 411.97% to Rs 5.99 crore in the quarter ended September 2016 as against Rs 1.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.991.17 412 OPM %23.87118.80 - PBDT0.330.37 -11 PBT0.150.19 -21 NP-0.190 0

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Alka Securities reports consolidated net profit of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net profit of Alka Securities 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. Sales reported to Rs 0.02 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. Sales0.020 0 OPM %00 - PBDT0.01-0.01 LP PBT0.01-0.01 LP NP0.01-0.01 LP

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Shirpur Gold Refinery reports consolidated net profit of Rs 1.22 crore in the September 2016 quarter
Nov 17,2016

Net profit of Shirpur Gold Refinery reported to Rs 1.22 crore in the quarter ended September 2016 as against net loss of Rs 3.31 crore during the previous quarter ended September 2015. Sales rose 52.52% to Rs 1208.65 crore in the quarter ended September 2016 as against Rs 792.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1208.65792.44 53 OPM %0.701.88 - PBDT3.10-2.14 LP PBT1.29-3.81 LP NP1.22-3.31 LP

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IL&FS Transportation Networks JV emerges Lowest Bidder for two road projects
Nov 17,2016

IL&FS Transportation Networks announced that the joint venture of the Company and IL&FS Engineering and Construction Co in the ratio of 51:49, has emerged as the Lowest Bidder for the development of two road projects of Madhya Pradesh Road Development Corporation under Madhya Pradesh District Road II Sector Project. The Company had quoted an amount of Rs 213.52 crore for Project I and Rs 161.71 crore for Project 2 respectively.

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FPIs in selling mode
Nov 17,2016

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 2330.68 crore into the secondary equity markets on 15 November 2016, higher than their net outflow of Rs 1475.92 crore during the preceding trading session on 11 November 2016. FPIs were net sellers for the fourth session in a row. The market remained closed on 14 November 2016 on account of holiday. The net outflow of Rs 2330.68 crore on 15 November 2016 was a result of gross purchases of Rs 9008.50 crore and gross sales of Rs 11339.18 crore. On that day, the Sensex fell 514.19 points or 1.92% to settle at 26,304.63, its lowest closing level since 25 May 2016.

There was a net inflow of Rs 4.98 crore into the category primary markets & others on 15 November 2016, which was a result of gross purchases of Rs 4.98 crore and zero gross sales.

FPIs have sold stocks worth a net Rs 8752.25 crore into the secondary equity markets in this month so far (till 15 November 2016). They sold shares worth a net Rs 5258.22 crore from the secondary equity markets last month. FPIs have purchased shares worth a net Rs 32418.80 crore from the secondary equity markets in calendar year 2016 so far (till 15 November 2016). They sold shares worth a net Rs 4863.71 crore into the secondary equity markets in calendar year 2015.

There has been a net inflow of Rs 1819.08 crore from FPIs into the category primary markets & others in this month so far (till 15 November 2016). There was a net inflow of Rs 951.96 crore from FPIs into the category primary markets & others last month. The net inflow from FPIs into category primary markets & others has totaled Rs 7634.75 crore in calendar year 2016 so far (till 15 November 2016). There was net inflow of Rs 22168.40 crore from FPIs into the category primary markets & others in calendar year 2015.

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