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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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Board of Rane Engine Valve recommends final dividend
May 19,2017

Rane Engine Valve announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Board of Pondy Oxides & Chemicals recommends final dividend
May 19,2017

Pondy Oxides & Chemicals announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Board of Karur Vysya Bank recommends final dividend
May 19,2017

Karur Vysya Bank announced that the Board of Directors of the Company at its meeting held on 18 May 2017, inter alia, have recommended the final dividend of Rs 2.6 per equity Share (i.e. 130%) , subject to the approval of the shareholders.

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Board of Kirloskar Brothers recommends final dividend
May 19,2017

Kirloskar Brothers announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Mangalore Refinery And Petrochemicals recommends final dividend
May 19,2017

Mangalore Refinery And Petrochemicals announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Board of Ratnamani Metals & Tubes recommends final dividend
May 19,2017

Ratnamani Metals & Tubes announced that the Board of Directors of the Company at its meeting held on 17 May 2017, inter alia, have recommended the final dividend of Rs 5.5 per equity Share (i.e. 275%) , subject to the approval of the shareholders.

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Birla Precision Technologies announces resignation of company secretary
May 19,2017

Birla Precision Technologies announced that Rupa Khanna has resigned as a Company Secretary & Compliance Officer of the Company with effect from 18 May 2017.

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Shakti Pumps (India) standalone net profit rises 4872.73% in the March 2017 quarter
May 19,2017

Net profit of Shakti Pumps (India) rose 4872.73% to Rs 10.94 crore in the quarter ended March 2017 as against Rs 0.22 crore during the previous quarter ended March 2016. Sales rose 124.04% to Rs 163.64 crore in the quarter ended March 2017 as against Rs 73.04 crore during the previous quarter ended March 2016.

For the full year,net profit rose 976.77% to Rs 21.32 crore in the year ended March 2017 as against Rs 1.98 crore during the previous year ended March 2016. Sales rose 53.47% to Rs 404.93 crore in the year ended March 2017 as against Rs 263.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales163.6473.04 124 404.93263.85 53 OPM %14.498.89 -14.8411.18 - PBDT19.492.99 552 44.1315.49 185 PBT16.25-0.07 LP 31.333.43 813 NP10.940.22 4873 21.321.98 977

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Indo Rama Synthetics (India) reports standalone net loss of Rs 14.83 crore in the March 2017 quarter
May 19,2017

Net loss of Indo Rama Synthetics (India) reported to Rs 14.83 crore in the quarter ended March 2017 as against net profit of Rs 87.24 crore during the previous quarter ended March 2016. Sales declined 16.35% to Rs 550.15 crore in the quarter ended March 2017 as against Rs 657.68 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 84.03 crore in the year ended March 2017 as against net profit of Rs 35.64 crore during the previous year ended March 2016. Sales declined 2.67% to Rs 2468.04 crore in the year ended March 2017 as against Rs 2535.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales550.15657.68 -16 2468.042535.66 -3 OPM %0.241.99 --0.192.40 - PBDT-7.60-0.45 -1589 -53.8012.64 PL PBT-27.50-20.04 -37 -133.28-65.10 -105 NP-14.8387.24 PL -84.0335.64 PL

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Munjal Showa standalone net profit declines 30.55% in the March 2017 quarter
May 19,2017

Net profit of Munjal Showa declined 30.55% to Rs 9.66 crore in the quarter ended March 2017 as against Rs 13.91 crore during the previous quarter ended March 2016. Sales declined 4.81% to Rs 357.21 crore in the quarter ended March 2017 as against Rs 375.27 crore during the previous quarter ended March 2016.

For the full year,net profit declined 7.52% to Rs 56.55 crore in the year ended March 2017 as against Rs 61.15 crore during the previous year ended March 2016. Sales declined 2.81% to Rs 1459.66 crore in the year ended March 2017 as against Rs 1501.84 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales357.21375.27 -5 1459.661501.84 -3 OPM %5.077.09 -6.487.46 - PBDT21.5827.62 -22 110.66117.15 -6 PBT14.3320.16 -29 81.6087.85 -7 NP9.6613.91 -31 56.5561.15 -8

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Alfred Herbert (India) standalone net profit declines 70.37% in the March 2017 quarter
May 19,2017

Net profit of Alfred Herbert (India) declined 70.37% to Rs 0.16 crore in the quarter ended March 2017 as against Rs 0.54 crore during the previous quarter ended March 2016. Sales declined 13.33% to Rs 0.52 crore in the quarter ended March 2017 as against Rs 0.60 crore during the previous quarter ended March 2016.

For the full year,net profit rose 1506.67% to Rs 16.87 crore in the year ended March 2017 as against Rs 1.05 crore during the previous year ended March 2016. Sales rose 2.99% to Rs 2.07 crore in the year ended March 2017 as against Rs 2.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.520.60 -13 2.072.01 3 OPM %28.8558.33 -25.6045.77 - PBDT0.150.35 -57 0.530.92 -42 PBT0.130.33 -61 0.440.84 -48 NP0.160.54 -70 16.871.05 1507

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Sadbhav Infrastructure Projects reports consolidated net loss of Rs 95.91 crore in the March 2017 quarter
May 19,2017

Net Loss of Sadbhav Infrastructure Projects reported to Rs 95.91 crore in the quarter ended March 2017 as against net loss of Rs 10.85 crore during the previous quarter ended March 2016. Sales declined 19.38% to Rs 388.52 crore in the quarter ended March 2017 as against Rs 481.90 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 353.14 crore in the year ended March 2017 as against net loss of Rs 340.62 crore during the previous year ended March 2016. Sales declined 31.61% to Rs 1348.01 crore in the year ended March 2017 as against Rs 1970.97 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales388.52481.90 -19 1348.011970.97 -32 OPM %58.5945.92 -64.4632.94 - PBDT-26.51-35.51 25 -131.41-289.25 55 PBT-93.39-85.75 -9 -352.50-424.79 17 NP-95.91-10.85 -784 -353.14-340.62 -4

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Singer India standalone net profit declines 19.08% in the March 2017 quarter
May 19,2017

Net profit of Singer India declined 19.08% to Rs 1.40 crore in the quarter ended March 2017 as against Rs 1.73 crore during the previous quarter ended March 2016. Sales rose 6.22% to Rs 91.93 crore in the quarter ended March 2017 as against Rs 86.55 crore during the previous quarter ended March 2016.

For the full year,net profit rose 34.56% to Rs 8.06 crore in the year ended March 2017 as against Rs 5.99 crore during the previous year ended March 2016. Sales rose 55.68% to Rs 372.70 crore in the year ended March 2017 as against Rs 239.40 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales91.9386.55 6 372.70239.40 56 OPM %2.002.69 -3.013.44 - PBDT2.212.82 -22 13.089.60 36 PBT1.932.57 -25 12.018.88 35 NP1.401.73 -19 8.065.99 35

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Triveni Turbine standalone net profit declines 20.58% in the March 2017 quarter
May 19,2017

Net profit of Triveni Turbine declined 20.58% to Rs 27.17 crore in the quarter ended March 2017 as against Rs 34.21 crore during the previous quarter ended March 2016. Sales declined 13.91% to Rs 176.76 crore in the quarter ended March 2017 as against Rs 205.32 crore during the previous quarter ended March 2016.

For the full year,net profit rose 6.62% to Rs 116.18 crore in the year ended March 2017 as against Rs 108.97 crore during the previous year ended March 2016. Sales rose 3.51% to Rs 724.21 crore in the year ended March 2017 as against Rs 699.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales176.76205.32 -14 724.21699.68 4 OPM %21.2426.08 -22.5322.45 - PBDT47.5054.94 -14 191.41178.21 7 PBT43.3451.12 -15 176.61162.94 8 NP27.1734.21 -21 116.18108.97 7

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Cybele Industries standalone net profit declines 50.00% in the March 2017 quarter
May 19,2017

Net profit of Cybele Industries declined 50.00% to Rs 0.13 crore in the quarter ended March 2017 as against Rs 0.26 crore during the previous quarter ended March 2016. Sales declined 18.00% to Rs 2.05 crore in the quarter ended March 2017 as against Rs 2.50 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.57 crore in the year ended March 2017 as against net loss of Rs 0.35 crore during the previous year ended March 2016. Sales rose 271.17% to Rs 24.98 crore in the year ended March 2017 as against Rs 6.73 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.052.50 -18 24.986.73 271 OPM %29.273.60 -1.28-1.63 - PBDT0.430.39 10 -0.110.12 PL PBT0.130.27 -52 -0.57-0.34 -68 NP0.130.26 -50 -0.57-0.35 -63

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