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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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Garg Furnace reports standalone net loss of Rs 3.44 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Garg Furnace reported to Rs 3.44 crore in the quarter ended September 2016 as against net loss of Rs 4.16 crore during the previous quarter ended September 2015. Sales declined 67.11% to Rs 9.63 crore in the quarter ended September 2016 as against Rs 29.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.6329.28 -67 OPM %-30.43-11.13 - PBDT-3.11-5.56 44 PBT-3.44-5.93 42 NP-3.44-4.16 17

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Info-Drive Software standalone net profit declines 16.67% in the September 2016 quarter
Nov 17,2016

Net profit of Info-Drive Software declined 16.67% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 1.64% to Rs 4.35 crore in the quarter ended September 2016 as against Rs 4.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.354.28 2 OPM %1.841.87 - PBDT0.100.16 -38 PBT0.070.09 -22 NP0.050.06 -17

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Kiran Syntex reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Kiran Syntex reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.11 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 1.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales01.51 -100 OPM %0-7.28 - PBDT-0.01-0.11 91 PBT-0.01-0.11 91 NP-0.01-0.11 91

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Mukesh Babu Financial Services standalone net profit rises 48.86% in the September 2016 quarter
Nov 17,2016

Net profit of Mukesh Babu Financial Services rose 48.86% to Rs 1.31 crore in the quarter ended September 2016 as against Rs 0.88 crore during the previous quarter ended September 2015. Sales rose 35.00% to Rs 2.16 crore in the quarter ended September 2016 as against Rs 1.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.161.60 35 OPM %93.9888.75 - PBDT1.660.91 82 PBT1.640.89 84 NP1.310.88 49

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Excel Castronics standalone net profit rises 1700.00% in the September 2016 quarter
Nov 17,2016

Net profit of Excel Castronics rose 1700.00% to Rs 0.72 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 1776.74% to Rs 40.35 crore in the quarter ended September 2016 as against Rs 2.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.352.15 1777 OPM %1.861.86 - PBDT0.720.04 1700 PBT0.720.04 1700 NP0.720.04 1700

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NTC Industries reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 17,2016

Net Loss of NTC Industries reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 74.15% to Rs 2.56 crore in the quarter ended September 2016 as against Rs 1.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.561.47 74 OPM %-19.14-63.27 - PBDT0.07-0.10 LP PBT-0.06-0.23 74 NP-0.06-0.23 74

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Capricorn Systems Global Solutions reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 17,2016

Net loss of Capricorn Systems Global Solutions reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 15.15% to Rs 1.14 crore in the quarter ended September 2016 as against Rs 0.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.140.99 15 OPM %-0.886.06 - PBDT-0.010.06 PL PBT-0.030.02 PL NP-0.030.01 PL

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Metropoli Overseas reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Metropoli Overseas reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.42 crore during the previous quarter ended September 2015. Sales declined 76.40% to Rs 0.38 crore in the quarter ended September 2016 as against Rs 1.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.381.61 -76 OPM %-21.05-20.50 - PBDT-0.09-0.36 75 PBT-0.15-0.42 64 NP-0.15-0.42 64

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Mayur Uniquoters standalone net profit rises 0.40% in the September 2016 quarter
Nov 17,2016

Net profit of Mayur Uniquoters rose 0.40% to Rs 19.84 crore in the quarter ended September 2016 as against Rs 19.76 crore during the previous quarter ended September 2015. Sales declined 10.32% to Rs 119.51 crore in the quarter ended September 2016 as against Rs 133.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales119.51133.27 -10 OPM %26.8024.42 - PBDT33.1032.83 1 PBT28.9128.84 0 NP19.8419.76 0

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Jauss Polymers standalone net profit declines 86.92% in the September 2016 quarter
Nov 17,2016

Net profit of Jauss Polymers declined 86.92% to Rs 0.34 crore in the quarter ended September 2016 as against Rs 2.60 crore during the previous quarter ended September 2015. Sales rose 3.67% to Rs 7.35 crore in the quarter ended September 2016 as against Rs 7.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.357.09 4 OPM %11.8424.96 - PBDT0.631.76 -64 PBT0.471.54 -69 NP0.342.60 -87

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Yarn Syndicate reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Yarn Syndicate reported to Rs 0.10 crore in the quarter ended September 2016 as against net loss of Rs 0.32 crore during the previous quarter ended September 2015. Sales rose 150.00% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.050.02 150 OPM %-140.00-1350.00 - PBDT-0.08-0.27 70 PBT-0.10-0.32 69 NP-0.10-0.32 69

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Bansisons Tea Industries standalone net profit rises 200.00% in the September 2016 quarter
Nov 17,2016

Net profit of Bansisons Tea Industries rose 200.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 92.86% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.540.28 93 OPM %7.417.14 - PBDT0.040.02 100 PBT0.030.01 200 NP0.030.01 200

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Syncom Formulations (India) standalone net profit declines 7.19% in the September 2016 quarter
Nov 17,2016

Net profit of Syncom Formulations (India) declined 7.19% to Rs 2.97 crore in the quarter ended September 2016 as against Rs 3.20 crore during the previous quarter ended September 2015. Sales declined 6.05% to Rs 46.77 crore in the quarter ended September 2016 as against Rs 49.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.7749.78 -6 OPM %9.3410.87 - PBDT5.175.82 -11 PBT4.324.96 -13 NP2.973.20 -7

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Prime Industries standalone net profit rises 300.00% in the September 2016 quarter
Nov 17,2016

Net profit of Prime Industries rose 300.00% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 157.14% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.180.07 157 OPM %83.3357.14 - PBDT0.070.01 600 PBT0.070.01 600 NP0.040.01 300

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Olympia Industries standalone net profit rises 15.29% in the September 2016 quarter
Nov 17,2016

Net profit of Olympia Industries rose 15.29% to Rs 1.81 crore in the quarter ended September 2016 as against Rs 1.57 crore during the previous quarter ended September 2015. Sales rose 24.68% to Rs 48.85 crore in the quarter ended September 2016 as against Rs 39.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales48.8539.18 25 OPM %5.884.08 - PBDT2.671.62 65 PBT2.561.57 63 NP1.811.57 15

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