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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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LCC Infotech reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 15,2016

Net Loss of LCC Infotech reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 1.35% to Rs 2.93 crore in the quarter ended September 2016 as against Rs 2.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.932.97 -1 OPM %0-0.34 - PBDT0.01-0.01 LP PBT-0.02-0.04 50 NP-0.02-0.04 50

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Triveni Turbine consolidated net profit rises 35.45% in the September 2016 quarter
Nov 15,2016

Net profit of Triveni Turbine rose 35.45% to Rs 34.27 crore in the quarter ended September 2016 as against Rs 25.30 crore during the previous quarter ended September 2015. Sales rose 13.17% to Rs 199.80 crore in the quarter ended September 2016 as against Rs 176.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales199.80176.55 13 OPM %21.2423.68 - PBDT52.5444.82 17 PBT49.1440.99 20 NP34.2725.30 35

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CHL reports consolidated net loss of Rs 4.14 crore in the September 2016 quarter
Nov 15,2016

Net Loss of CHL reported to Rs 4.14 crore in the quarter ended September 2016 as against net loss of Rs 9.21 crore during the previous quarter ended September 2015. Sales declined 10.67% to Rs 14.48 crore in the quarter ended September 2016 as against Rs 16.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.4816.21 -11 OPM %10.36-8.33 - PBDT-1.28-5.30 76 PBT-3.82-9.21 59 NP-4.14-9.21 55

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Action Financial Services (I) reports consolidated net profit of Rs 0.02 crore in the September 2016 quarter
Nov 15,2016

Net profit of Action Financial Services (I) reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.14 crore during the previous quarter ended September 2015. Sales rose 63.33% to Rs 0.49 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. Sales0.490.30 63 OPM %32.6520.00 - PBDT0.09-0.05 LP PBT0.02-0.14 LP NP0.02-0.14 LP

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S R K Industries reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 15,2016

Net Loss of S R K Industries reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.37 crore during the previous quarter ended September 2015. Sales rose 55.09% to Rs 3.35 crore in the quarter ended September 2016 as against Rs 2.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.352.16 55 OPM %13.738.33 - PBDT0.450.16 181 PBT-0.09-0.37 76 NP-0.09-0.37 76

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Action Financial Services (I) reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 15,2016

Net profit of Action Financial Services (I) reported to Rs 0.03 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 63.33% to Rs 0.49 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. Sales0.490.30 63 OPM %32.6530.00 - PBDT0.10-0.02 LP PBT0.03-0.12 LP NP0.03-0.12 LP

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Fortune International reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Fortune International reported to Rs 0.11 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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Faze Three reports standalone net profit of Rs 4.32 crore in the September 2016 quarter
Nov 15,2016

Net profit of Faze Three reported to Rs 4.32 crore in the quarter ended September 2016 as against net loss of Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 19.32% to Rs 44.59 crore in the quarter ended September 2016 as against Rs 55.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales44.5955.27 -19 OPM %16.086.88 - PBDT7.100.60 1083 PBT4.32-0.77 LP NP4.32-0.77 LP

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Board of Chokhani International appoints company secretary
Nov 15,2016

Chokhani International announced that Priyanshu Kumar Kandhway has been appointed as Company Secretary & Compliance Officer of the Company with effect from 14 November 2016 in Board Meeting, pursuant to the section 203 of companies Act, 2013 and Regulation 6(1) of Securities & Exchange Board Of India (Listing obligations & Disclosure Requirements) Regulations, 2015.

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Garnet Construction standalone net profit declines 60.00% in the September 2016 quarter
Nov 15,2016

Net profit of Garnet Construction declined 60.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 48.71% to Rs 2.99 crore in the quarter ended September 2016 as against Rs 5.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.995.83 -49 OPM %19.7315.95 - PBDT0.200.32 -38 PBT0.040.10 -60 NP0.020.05 -60

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Fischer Chemic reports standalone net profit of Rs 0.02 crore in the September 2016 quarter
Nov 15,2016

Net profit of Fischer Chemic reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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Photoquip India reports standalone net loss of Rs 0.67 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Photoquip India reported to Rs 0.67 crore in the quarter ended September 2016 as against net loss of Rs 0.91 crore during the previous quarter ended September 2015. Sales declined 11.45% to Rs 9.82 crore in the quarter ended September 2016 as against Rs 11.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.8211.09 -11 OPM %-4.99-5.77 - PBDT-0.80-0.78 -3 PBT-0.97-1.22 20 NP-0.67-0.91 26

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Gujarat Natural Resources reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Gujarat Natural Resources reported to Rs 0.15 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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Gangotri Cement standalone net profit rises 600.00% in the September 2016 quarter
Nov 15,2016

Net profit of Gangotri Cement rose 600.00% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.68 -100 OPM %013.24 - PBDT0.090.05 80 PBT0.070.03 133 NP0.070.01 600

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Jyoti Overseas reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Jyoti Overseas reported to Rs 0.10 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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