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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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Anka India reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Anka India reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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Asian Food Products reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Asian Food Products reported no net profit/loss in the quarter ended September 2016 and 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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Sea Gold Aqua Farms reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 17,2016

Net loss of Sea Gold Aqua Farms reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.07 crore during the previous quarter ended September 2015. Sales declined 94.51% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 1.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.101.82 -95 OPM %-30.003.85 - PBDT-0.030.07 PL PBT-0.030.07 PL NP-0.030.07 PL

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Fortune Financial Services (India) reports standalone net profit of Rs 2.67 crore in the September 2016 quarter
Nov 17,2016

Net profit of Fortune Financial Services (India) reported to Rs 2.67 crore in the quarter ended September 2016 as against net loss of Rs 0.26 crore during the previous quarter ended September 2015. Sales rose 4.35% to Rs 0.48 crore in the quarter ended September 2016 as against Rs 0.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.480.46 4 OPM %150.00-56.52 - PBDT0.72-0.26 LP PBT0.71-0.27 LP NP2.67-0.26 LP

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N2N Technologies reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 17,2016

Net profit of N2N Technologies reported to Rs 0.04 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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Fairdeal Filaments standalone net profit declines 18.18% in the September 2016 quarter
Nov 17,2016

Net profit of Fairdeal Filaments declined 18.18% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales rose 55.16% to Rs 67.65 crore in the quarter ended September 2016 as against Rs 43.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.6543.60 55 OPM %3.775.99 - PBDT1.471.08 36 PBT0.820.70 17 NP0.630.77 -18

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Maximaa Systems standalone net profit rises 1300.00% in the September 2016 quarter
Nov 17,2016

Net profit of Maximaa Systems rose 1300.00% to Rs 0.14 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 45.38% to Rs 3.46 crore in the quarter ended September 2016 as against Rs 2.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.462.38 45 OPM %10.1215.13 - PBDT0.330.18 83 PBT0.140.01 1300 NP0.140.01 1300

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Rubber Products reports standalone net loss of Rs 0.36 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Rubber Products reported to Rs 0.36 crore in the quarter ended September 2016 as against net loss of Rs 0.91 crore during the previous quarter ended September 2015. Sales rose 3.90% to Rs 2.13 crore in the quarter ended September 2016 as against Rs 2.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.132.05 4 OPM %-2.82-27.32 - PBDT-0.30-0.85 65 PBT-0.36-0.91 60 NP-0.36-0.91 60

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Advance Lifestyles reports standalone net loss of Rs 0.87 crore in the September 2016 quarter
Nov 17,2016

Net loss of Advance Lifestyles reported to Rs 0.87 crore in the quarter ended September 2016 as against net profit of Rs 0.55 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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Hisar Spinning Mills reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 17,2016

Net loss of Hisar Spinning Mills reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.46 crore during the previous quarter ended September 2015. Sales rose 6.79% to Rs 6.45 crore in the quarter ended September 2016 as against Rs 6.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.456.04 7 OPM %11.9421.52 - PBDT0.681.18 -42 PBT0.080.49 -84 NP-0.030.46 PL

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Mid India Industries reports standalone net loss of Rs 0.72 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Mid India Industries reported to Rs 0.72 crore in the quarter ended September 2016 as against net loss of Rs 0.86 crore during the previous quarter ended September 2015. Sales rose 19.56% to Rs 5.99 crore in the quarter ended September 2016 as against Rs 5.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.995.01 20 OPM %-11.69-16.17 - PBDT-0.69-0.80 14 PBT-0.72-0.86 16 NP-0.72-0.86 16

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Hariyana Metals standalone net profit rises 1250.00% in the September 2016 quarter
Nov 17,2016

Net profit of Hariyana Metals rose 1250.00% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 1.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales01.33 -100 OPM %03.76 - PBDT0.550.05 1000 PBT0.540.04 1250 NP0.540.04 1250

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Trend Electronics reports standalone net loss of Rs 9.65 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Trend Electronics reported to Rs 9.65 crore in the quarter ended September 2016 as against net loss of Rs 5.06 crore during the previous quarter ended September 2015. Sales declined 11.57% to Rs 338.53 crore in the quarter ended September 2016 as against Rs 382.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales338.53382.84 -12 OPM %2.705.57 - PBDT-9.92-0.35 -2734 PBT-15.63-6.31 -148 NP-9.65-5.06 -91

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Remi Sales & Engineering standalone net profit declines 36.96% in the September 2016 quarter
Nov 17,2016

Net profit of Remi Sales & Engineering declined 36.96% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.46 crore during the previous quarter ended September 2015. Sales rose 10.76% to Rs 28.10 crore in the quarter ended September 2016 as against Rs 25.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.1025.37 11 OPM %1.072.40 - PBDT0.530.75 -29 PBT0.450.68 -34 NP0.290.46 -37

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Pet Plastics standalone net profit rises 200.00% in the September 2016 quarter
Nov 17,2016

Net profit of Pet Plastics rose 200.00% to Rs 0.75 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015. Sales declined 23.40% to Rs 7.79 crore in the quarter ended September 2016 as against Rs 10.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.7910.17 -23 OPM %9.630.10 - PBDT0.750.30 150 PBT0.750.30 150 NP0.750.25 200

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