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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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NCL Industries declares interim dividend of 10%
Feb 13,2017

NCL Industries announced that the Board of Directors of the Company at its meeting held on 13 February 2017, inter alia, has declared an interim dividend of 10% amounting to Rs. 1/- per Equity share (Face value of Rs. 10/- each) on a paid up capital base of Rs. 3673.28 Lakhs for the Financial year 2016-17.

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Control Print to pay interim dividend
Feb 13,2017

Control Print announced that the dividend will be paid on or after 27 February 2017.

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Dishman Pharmaceuticals and Chemicals to pay interim dividend
Feb 13,2017

Dishman Pharmaceuticals and Chemicals announced that interim dividend shall be paid on and from 25 February 2017.

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New National Urban and Habitat Policy, National Rental Housing Policy and Model Tenancy Act in the works
Feb 13,2017

The Government is drafting a National Urban and Habitat Policy, National Rental Housing Policy and Model Tenancy Act for efficient functioning of the real estate sector and imparting transparency in its working. This was stated by Mr. Rajiv Ranjan Mishra, Joint Secretary, Ministry of Housing and Urban Poverty Alleviation, Government of India.

Mr. Mishra said that budget was critical to the real estate sector as it addressed many of the industrys issues by way of policy and legislative interventions. He said that the government has extended the benefits of affordable housing schemes to middle income groups as well and was now encouraging developers to enter the affordable housing segment by way of granting infrastructure status to it. He added that the government welcomes feedback from the industry to make better and effective policies.

Mr. Suraj Malik, Director - Mergers & Acquisitions, PwC India, said that the key policy announcements made in the Budget 207-18 such as grant of infrastructure status to affordable housing segment; refinancing of individual housing loans by the National Housing Bank and permission to monetize Airport Authority of India owned land, the proceeds of which will received be used for airport upgradation.

He said that the other modifications in the budget such as reduction of the period of holding for immovable property for long term characterization from 36 months to 24 months would have an impact on the sector. Mr. Malik delved on several other amendments and provisions of the budget that would influence the real estate sector both in the short and long term and sought industrys views on them.

Dr. A. Didar Singh, Secretary General, FICCI, said that the government has taken many constructive steps towards making the system transparent and easier to comply with which has resulted in efficient governance. The Budget has implications on various sectors and it was another step towards the reforms agenda of the government. He assured that FICCI would continue to support the initiatives of the government.

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Dishman Pharmaceuticals and Chemicals declares interim dividend of 60%
Feb 13,2017

Dishman Pharmaceuticals and Chemicals announced that a Meeting of the Board of Directors of the Company was held on 13 February 2017, which was commenced at 01:00 PM and concluded at 03:15 PM inter alia, has declared an Interim dividend at 60% (i.e. Rs.1.20 per equity share of Rs. 2.00 each) on 16,13,94,272 equity shares of the Company for the financial year 2016- 2017.

The interim dividend shall be paid to the members entitled thereto, on and from 25 February 2017. The Dividend cheques/warrants would be posted on or after 25 February 2017 and within 30 days from the date of declaration of interim dividend as provided in the Companies Act, 2013.

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Ideal Carpets standalone net profit rises 60.00% in the December 2016 quarter
Feb 13,2017

Net profit of Ideal Carpets rose 60.00% to Rs 0.08 crore in the quarter ended December 2016 as against Rs 0.05 crore during the previous quarter ended December 2015. Sales declined 36.48% to Rs 2.02 crore in the quarter ended December 2016 as against Rs 3.18 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.023.18 -36 OPM %1.985.97 - PBDT0.190.15 27 PBT0.110.07 57 NP0.080.05 60

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GEE standalone net profit declines 55.69% in the December 2016 quarter
Feb 13,2017

Net profit of GEE declined 55.69% to Rs 1.09 crore in the quarter ended December 2016 as against Rs 2.46 crore during the previous quarter ended December 2015. Sales declined 4.00% to Rs 45.85 crore in the quarter ended December 2016 as against Rs 47.76 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales45.8547.76 -4 OPM %8.9211.37 - PBDT2.863.94 -27 PBT2.053.01 -32 NP1.092.46 -56

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Ultramarine & Pigments standalone net profit rises 10.01% in the December 2016 quarter
Feb 13,2017

Net profit of Ultramarine & Pigments rose 10.01% to Rs 8.57 crore in the quarter ended December 2016 as against Rs 7.79 crore during the previous quarter ended December 2015. Sales rose 15.45% to Rs 67.78 crore in the quarter ended December 2016 as against Rs 58.71 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales67.7858.71 15 OPM %19.6418.14 - PBDT13.6212.05 13 PBT12.5911.24 12 NP8.577.79 10

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Foods & Inns reports standalone net profit of Rs 0.97 crore in the December 2016 quarter
Feb 13,2017

Net profit of Foods & Inns reported to Rs 0.97 crore in the quarter ended December 2016 as against net loss of Rs 0.09 crore during the previous quarter ended December 2015. Sales declined 9.50% to Rs 73.54 crore in the quarter ended December 2016 as against Rs 81.26 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales73.5481.26 -10 OPM %6.796.42 - PBDT4.222.55 65 PBT1.900.61 211 NP0.97-0.09 LP

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Omansh Enterprises reports standalone nil net profit/loss in the December 2016 quarter
Feb 13,2017

Omansh Enterprises reported no net profit/loss in the quarter ended December 2016 as against net loss of Rs 0.05 crore during the previous quarter ended December 2015. Sales rose 1550.00% to Rs 0.33 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.330.02 1550 OPM %0-400.00 - PBDT0-0.05 100 PBT0-0.05 100 NP0-0.05 100

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Kiran Vyapar standalone net profit declines 61.56% in the December 2016 quarter
Feb 13,2017

Net profit of Kiran Vyapar declined 61.56% to Rs 1.18 crore in the quarter ended December 2016 as against Rs 3.07 crore during the previous quarter ended December 2015. Sales rose 34.11% to Rs 4.05 crore in the quarter ended December 2016 as against Rs 3.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.053.02 34 OPM %47.90133.77 - PBDT1.683.77 -55 PBT1.483.46 -57 NP1.183.07 -62

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Comfort Commotrade reports standalone net loss of Rs 0.35 crore in the December 2016 quarter
Feb 13,2017

Net loss of Comfort Commotrade reported to Rs 0.35 crore in the quarter ended December 2016 as against net profit of Rs 0.09 crore during the previous quarter ended December 2015. Sales reported to Rs -0.21 crore in the quarter ended December 2016 as against Rs 0.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales-0.210.29 PL OPM %161.9037.93 - PBDT-0.340.10 PL PBT-0.350.09 PL NP-0.350.09 PL

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RDB Rasayans standalone net profit rises 4.42% in the December 2016 quarter
Feb 13,2017

Net profit of RDB Rasayans rose 4.42% to Rs 1.89 crore in the quarter ended December 2016 as against Rs 1.81 crore during the previous quarter ended December 2015. Sales rose 11.90% to Rs 17.30 crore in the quarter ended December 2016 as against Rs 15.46 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales17.3015.46 12 OPM %9.4811.58 - PBDT3.073.01 2 PBT2.862.80 2 NP1.891.81 4

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Future Consumer reports standalone net profit of Rs 1.29 crore in the December 2016 quarter
Feb 13,2017

Net profit of Future Consumer reported to Rs 1.29 crore in the quarter ended December 2016 as against net loss of Rs 9.41 crore during the previous quarter ended December 2015. Sales rose 6.20% to Rs 432.79 crore in the quarter ended December 2016 as against Rs 407.54 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales432.79407.54 6 OPM %1.460.57 - PBDT6.40-4.95 LP PBT1.29-9.41 LP NP1.29-9.41 LP

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Nu Tek India reports standalone net profit of Rs 0.26 crore in the December 2016 quarter
Feb 13,2017

Net profit of Nu Tek India reported to Rs 0.26 crore in the quarter ended December 2016 as against net loss of Rs 0.58 crore during the previous quarter ended December 2015. Sales rose 39.80% to Rs 8.50 crore in the quarter ended December 2016 as against Rs 6.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales8.506.08 40 OPM %5.651.48 - PBDT0.52-0.47 LP PBT0.36-0.65 LP NP0.26-0.58 LP

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