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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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Proaim Enterprises reports standalone net loss of Rs 0.80 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Proaim Enterprises reported to Rs 0.80 crore in the quarter ended September 2016 as against net loss of Rs 1.57 crore during the previous quarter ended September 2015. Sales rose 1136.67% to Rs 3.71 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.710.30 1137 OPM %-21.56-533.33 - PBDT-0.80-1.57 49 PBT-0.80-1.57 49 NP-0.80-1.57 49

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Rama Vision reports standalone net loss of Rs 0.23 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Rama Vision reported to Rs 0.23 crore in the quarter ended September 2016 as against net loss of Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 8.67% to Rs 8.15 crore in the quarter ended September 2016 as against Rs 7.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.157.50 9 OPM %0-2.00 - PBDT-0.25-0.33 24 PBT-0.33-0.42 21 NP-0.23-0.29 21

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GKW standalone net profit declines 88.03% in the September 2016 quarter
Nov 17,2016

Net profit of GKW declined 88.03% to Rs 1.10 crore in the quarter ended September 2016 as against Rs 9.19 crore during the previous quarter ended September 2015. Sales rose 26.61% to Rs 4.14 crore in the quarter ended September 2016 as against Rs 3.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.143.27 27 OPM %35.7514.37 - PBDT1.620.47 245 PBT1.520.41 271 NP1.109.19 -88

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Priti Mercantile Company standalone net profit declines 50.89% in the September 2016 quarter
Nov 17,2016

Net profit of Priti Mercantile Company declined 50.89% to Rs 0.55 crore in the quarter ended September 2016 as against Rs 1.12 crore during the previous quarter ended September 2015. Sales declined 30.51% to Rs 1.89 crore in the quarter ended September 2016 as against Rs 2.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.892.72 -31 OPM %79.3763.97 - PBDT0.581.13 -49 PBT0.551.12 -51 NP0.551.12 -51

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Commercial Engineers & Body Builders Company reports standalone net loss of Rs 7.49 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Commercial Engineers & Body Builders Company reported to Rs 7.49 crore in the quarter ended September 2016 as against net loss of Rs 3.35 crore during the previous quarter ended September 2015. Sales declined 1.89% to Rs 34.77 crore in the quarter ended September 2016 as against Rs 35.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.7735.44 -2 OPM %1.0614.70 - PBDT-5.100.29 PL PBT-7.49-3.35 -124 NP-7.49-3.35 -124

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Pankaj Piyush Trade & Investment standalone net profit declines 2.86% in the September 2016 quarter
Nov 17,2016

Net profit of Pankaj Piyush Trade & Investment declined 2.86% to Rs 0.34 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015. Sales reported to Rs 0.96 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. Sales0.960 0 OPM %52.080 - PBDT0.500.35 43 PBT0.490.35 40 NP0.340.35 -3

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G K Consultants standalone net profit declines 64.71% in the September 2016 quarter
Nov 17,2016

Net profit of G K Consultants declined 64.71% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 146.84% to Rs 3.90 crore in the quarter ended September 2016 as against Rs 1.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.901.58 147 OPM %1.5410.76 - PBDT0.060.17 -65 PBT0.060.17 -65 NP0.060.17 -65

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Trilogic Digital Media standalone net profit declines 79.01% in the September 2016 quarter
Nov 17,2016

Net profit of Trilogic Digital Media declined 79.01% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 0.81 crore during the previous quarter ended September 2015. Sales declined 40.56% to Rs 6.42 crore in the quarter ended September 2016 as against Rs 10.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.4210.80 -41 OPM %7.6314.54 - PBDT0.471.54 -69 PBT0.241.20 -80 NP0.170.81 -79

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Super Domestic Machines reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Super Domestic Machines reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 78.79% to Rs 0.07 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. Sales0.070.33 -79 OPM %09.09 - PBDT00.03 -100 PBT00.03 -100 NP00.03 -100

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Secunderabad Healthcare standalone net profit declines 66.67% in the September 2016 quarter
Nov 17,2016

Net profit of Secunderabad Healthcare declined 66.67% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 83.67% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.98 -84 OPM %68.7512.24 - PBDT0.110.12 -8 PBT0.020.04 -50 NP0.010.03 -67

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Vaishno Cement Co reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Vaishno Cement Co 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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Axis Rail India standalone net profit declines 23.53% in the September 2016 quarter
Nov 17,2016

Net profit of Axis Rail India declined 23.53% to Rs 0.39 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015. Sales rose 2.50% to Rs 21.36 crore in the quarter ended September 2016 as against Rs 20.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.3620.84 2 OPM %3.234.94 - PBDT0.741.13 -35 PBT0.430.81 -47 NP0.390.51 -24

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Jattashankar Industries standalone net profit declines 24.69% in the September 2016 quarter
Nov 17,2016

Net profit of Jattashankar Industries declined 24.69% to Rs 0.61 crore in the quarter ended September 2016 as against Rs 0.81 crore during the previous quarter ended September 2015. Sales declined 3.68% to Rs 10.22 crore in the quarter ended September 2016 as against Rs 10.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.2210.61 -4 OPM %8.418.01 - PBDT0.920.85 8 PBT0.890.81 10 NP0.610.81 -25

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Solid Carbide Tools reports standalone net loss of Rs 0.18 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Solid Carbide Tools reported to Rs 0.18 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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Magna Industries & Exports standalone net profit declines 55.56% in the September 2016 quarter
Nov 17,2016

Net profit of Magna Industries & Exports declined 55.56% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015. Sales declined 48.51% to Rs 2.77 crore in the quarter ended September 2016 as against Rs 5.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.775.38 -49 OPM %2.172.60 - PBDT0.060.14 -57 PBT0.060.13 -54 NP0.040.09 -56

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