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

Net profit of Saianand Commercials 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. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Pasupati Spinning & Weaving Mills standalone net profit declines 62.32% in the September 2016 quarter
Nov 16,2016

Net profit of Pasupati Spinning & Weaving Mills declined 62.32% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.69 crore during the previous quarter ended September 2015. Sales declined 22.21% to Rs 36.49 crore in the quarter ended September 2016 as against Rs 46.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.4946.91 -22 OPM %8.448.19 - PBDT1.452.02 -28 PBT0.401.01 -60 NP0.260.69 -62

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ABC Gas (International) reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 16,2016

Net loss of ABC Gas (International) reported to Rs 0.02 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales declined 73.08% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.26 -73 OPM %00 - PBDT00.01 -100 PBT-0.020 0 NP-0.020 0

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Winsome Diamonds & Jewellery reports standalone net loss of Rs 1.73 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Winsome Diamonds & Jewellery reported to Rs 1.73 crore in the quarter ended September 2016 as against net loss of Rs 1.65 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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Regency Ceramics reports standalone net loss of Rs 1.48 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Regency Ceramics reported to Rs 1.48 crore in the quarter ended September 2016 as against net loss of Rs 0.15 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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Rajasthan Petro Synthetics reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Rajasthan Petro Synthetics reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 66.67% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.050.03 67 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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IVP standalone net profit rises 14.14% in the September 2016 quarter
Nov 16,2016

Net profit of IVP rose 14.14% to Rs 3.47 crore in the quarter ended September 2016 as against Rs 3.04 crore during the previous quarter ended September 2015. Sales rose 2.83% to Rs 41.03 crore in the quarter ended September 2016 as against Rs 39.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.0339.90 3 OPM %12.3111.88 - PBDT5.395.06 7 PBT5.104.73 8 NP3.473.04 14

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Dharamsi Morarji Chemicals Co standalone net profit rises 1.30% in the September 2016 quarter
Nov 16,2016

Net profit of Dharamsi Morarji Chemicals Co rose 1.30% to Rs 4.67 crore in the quarter ended September 2016 as against Rs 4.61 crore during the previous quarter ended September 2015. Sales rose 38.85% to Rs 34.31 crore in the quarter ended September 2016 as against Rs 24.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.3124.71 39 OPM %23.8421.04 - PBDT7.845.14 53 PBT7.194.61 56 NP4.674.61 1

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Shivalik Rasayan consolidated net profit rises 278.72% in the September 2016 quarter
Nov 16,2016

Net profit of Shivalik Rasayan rose 278.72% to Rs 1.78 crore in the quarter ended September 2016 as against Rs 0.47 crore during the previous quarter ended September 2015. Sales rose 229.59% to Rs 34.08 crore in the quarter ended September 2016 as against Rs 10.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.0810.34 230 OPM %12.736.29 - PBDT3.220.75 329 PBT2.660.71 275 NP1.780.47 279

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Divinus Fabrics reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Divinus Fabrics reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 46.58% to Rs 1.07 crore in the quarter ended September 2016 as against Rs 0.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.070.73 47 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Uday Jewellery Industries standalone net profit rises 20.45% in the September 2016 quarter
Nov 16,2016

Net profit of Uday Jewellery Industries rose 20.45% to Rs 0.53 crore in the quarter ended September 2016 as against Rs 0.44 crore during the previous quarter ended September 2015. Sales rose 84.43% to Rs 11.73 crore in the quarter ended September 2016 as against Rs 6.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.736.36 84 OPM %6.828.96 - PBDT0.680.57 19 PBT0.660.55 20 NP0.530.44 20

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Gita Renewable Energy reports standalone net loss of Rs 1.24 crore in the September 2016 quarter
Nov 16,2016

Net loss of Gita Renewable Energy reported to Rs 1.24 crore in the quarter ended September 2016 as against net profit of Rs 0.69 crore during the previous quarter ended September 2015. Sales reported to Rs -0.45 crore in the quarter ended September 2016 as against Rs 2.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales-0.452.16 PL OPM %106.6780.09 - PBDT-0.581.59 PL PBT-1.240.69 PL NP-1.240.69 PL

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Hilton Metal Forging reports standalone net loss of Rs 0.59 crore in the September 2016 quarter
Nov 16,2016

Net loss of Hilton Metal Forging reported to Rs 0.59 crore in the quarter ended September 2016 as against net profit of Rs 0.38 crore during the previous quarter ended September 2015. Sales declined 23.75% to Rs 16.02 crore in the quarter ended September 2016 as against Rs 21.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.0221.01 -24 OPM %3.937.33 - PBDT0.051.01 -95 PBT-0.590.38 PL NP-0.590.38 PL

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Abhishek Corporation reports standalone net loss of Rs 24.47 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Abhishek Corporation reported to Rs 24.47 crore in the quarter ended September 2016 as against net loss of Rs 24.99 crore during the previous quarter ended September 2015. Sales rose 92.52% to Rs 2.06 crore in the quarter ended September 2016 as against Rs 1.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.061.07 93 OPM %16.99-328.04 - PBDT-21.54-21.92 2 PBT-24.47-24.99 2 NP-24.47-24.99 2

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Shivalik Rasayan standalone net profit rises 18.18% in the September 2016 quarter
Nov 16,2016

Net profit of Shivalik Rasayan rose 18.18% to Rs 0.78 crore in the quarter ended September 2016 as against Rs 0.66 crore during the previous quarter ended September 2015. Sales rose 2.47% to Rs 11.18 crore in the quarter ended September 2016 as against Rs 10.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.1810.91 2 OPM %14.4011.27 - PBDT1.291.06 22 PBT1.201.00 20 NP0.780.66 18

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