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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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Eastern Sugar & Industries reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Eastern Sugar & Industries reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.05 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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Ritesh Properties & Industries reports standalone net profit of Rs 0.54 crore in the September 2016 quarter
Nov 16,2016

Net profit of Ritesh Properties & Industries reported to Rs 0.54 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 1486.67% to Rs 14.28 crore in the quarter ended September 2016 as against Rs 0.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.280.90 1487 OPM %2.94-47.78 - PBDT0.52-0.11 LP PBT0.47-0.17 LP NP0.54-0.12 LP

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Vintron Informatics reports standalone net loss of Rs 0.46 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Vintron Informatics reported to Rs 0.46 crore in the quarter ended September 2016 as against net loss of Rs 0.72 crore during the previous quarter ended September 2015. Sales rose 101.31% to Rs 6.14 crore in the quarter ended September 2016 as against Rs 3.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.143.05 101 OPM %-2.61-5.57 - PBDT-0.26-0.39 33 PBT-0.46-0.58 21 NP-0.46-0.72 36

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Bihar Sponge Iron reports standalone net loss of Rs 1.81 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Bihar Sponge Iron reported to Rs 1.81 crore in the quarter ended September 2016 as against net loss of Rs 1.45 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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Everest Kanto Cylinder reports consolidated net profit of Rs 0.27 crore in the September 2016 quarter
Nov 16,2016

Net profit of Everest Kanto Cylinder reported to Rs 0.27 crore in the quarter ended September 2016 as against net loss of Rs 33.81 crore during the previous quarter ended September 2015. Sales rose 41.14% to Rs 153.39 crore in the quarter ended September 2016 as against Rs 108.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales153.39108.68 41 OPM %15.14-0.29 - PBDT13.98-13.09 LP PBT2.58-30.78 LP NP0.27-33.81 LP

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Anjani Foods reports consolidated net loss of Rs 0.22 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Anjani Foods reported to Rs 0.22 crore in the quarter ended September 2016 as against net loss of Rs 0.13 crore during the previous quarter ended September 2015. Sales rose 36.39% to Rs 4.61 crore in the quarter ended September 2016 as against Rs 3.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.613.38 36 OPM %-1.082.07 - PBDT-0.090.04 PL PBT-0.24-0.12 -100 NP-0.22-0.13 -69

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Arihant Capital Markets consolidated net profit rises 62.50% in the September 2016 quarter
Nov 16,2016

Net profit of Arihant Capital Markets rose 62.50% to Rs 4.29 crore in the quarter ended September 2016 as against Rs 2.64 crore during the previous quarter ended September 2015. Sales rose 21.90% to Rs 13.75 crore in the quarter ended September 2016 as against Rs 11.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.7511.28 22 OPM %53.0231.91 - PBDT6.984.36 60 PBT6.754.11 64 NP4.292.64 63

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Future Consumer Enterprise reports consolidated net loss of Rs 16.17 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Future Consumer Enterprise reported to Rs 16.17 crore in the quarter ended September 2016 as against net loss of Rs 28.66 crore during the previous quarter ended September 2015. Sales rose 30.60% to Rs 559.83 crore in the quarter ended September 2016 as against Rs 428.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales559.83428.66 31 OPM %0.55-1.66 - PBDT-2.17-14.84 85 PBT-11.16-22.26 50 NP-16.17-28.66 44

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Sulabh Engineers & Services standalone net profit declines 10.00% in the September 2016 quarter
Nov 16,2016

Net profit of Sulabh Engineers & Services declined 10.00% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 21.05% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.230.19 21 OPM %60.8773.68 - PBDT0.140.14 0 PBT0.140.14 0 NP0.090.10 -10

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STL Global reports standalone net loss of Rs 1.66 crore in the September 2016 quarter
Nov 16,2016

Net Loss of STL Global reported to Rs 1.66 crore in the quarter ended September 2016 as against net loss of Rs 0.96 crore during the previous quarter ended September 2015. Sales rose 8.92% to Rs 13.55 crore in the quarter ended September 2016 as against Rs 12.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.5512.44 9 OPM %-9.52-0.40 - PBDT-0.75-0.05 -1400 PBT-1.66-0.96 -73 NP-1.66-0.96 -73

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Rainbow Foundations standalone net profit rises 112.12% in the September 2016 quarter
Nov 16,2016

Net profit of Rainbow Foundations rose 112.12% to Rs 0.70 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015. Sales rose 427.00% to Rs 12.49 crore in the quarter ended September 2016 as against Rs 2.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.492.37 427 OPM %24.0253.59 - PBDT0.740.36 106 PBT0.720.35 106 NP0.700.33 112

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Advik Laboratories reports standalone net loss of Rs 0.30 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Advik Laboratories reported to Rs 0.30 crore in the quarter ended September 2016 as against net loss of Rs 0.36 crore during the previous quarter ended September 2015. Sales rose 227.27% to Rs 0.72 crore in the quarter ended September 2016 as against Rs 0.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.720.22 227 OPM %-20.83-95.45 - PBDT-0.15-0.21 29 PBT-0.30-0.36 17 NP-0.30-0.36 17

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Shikhar Leasing & Trading reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 16,2016

Net loss of Shikhar Leasing & Trading reported to Rs 0.01 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.07 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.07 0 OPM %028.57 - PBDT-0.010.01 PL PBT-0.010.01 PL NP-0.010.01 PL

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Marathwada Refractories reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Marathwada Refractories reported no net profit/loss in the quarter ended September 2016 as against net profit 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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Anjani Foods reports standalone net loss of Rs 0.16 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Anjani Foods reported to Rs 0.16 crore in the quarter ended September 2016 as against net loss of Rs 0.12 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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