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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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Vinayak Polycon International standalone net profit declines 50.00% in the September 2016 quarter
Nov 17,2016

Net profit of Vinayak Polycon International declined 50.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 10.97% to Rs 3.57 crore in the quarter ended September 2016 as against Rs 4.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.574.01 -11 OPM %10.927.23 - PBDT0.290.22 32 PBT0.020.04 -50 NP0.020.04 -50

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S P Apparels standalone net profit rises 159.52% in the September 2016 quarter
Nov 17,2016

Net profit of S P Apparels rose 159.52% to Rs 14.04 crore in the quarter ended September 2016 as against Rs 5.41 crore during the previous quarter ended September 2015. Sales rose 28.59% to Rs 149.99 crore in the quarter ended September 2016 as against Rs 116.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales149.99116.64 29 OPM %16.6018.56 - PBDT27.0013.76 96 PBT21.548.56 152 NP14.045.41 160

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Padmalaya Telefilms reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Padmalaya Telefilms reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 1.35% to Rs 0.73 crore in the quarter ended September 2016 as against Rs 0.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.730.74 -1 OPM %05.41 - PBDT00.04 -100 PBT00.04 -100 NP00.04 -100

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Indraprastha Gas standalone net profit rises 41.87% in the September 2016 quarter
Nov 17,2016

Net profit of Indraprastha Gas rose 41.87% to Rs 144.18 crore in the quarter ended September 2016 as against Rs 101.63 crore during the previous quarter ended September 2015. Sales declined 0.35% to Rs 962.43 crore in the quarter ended September 2016 as against Rs 965.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales962.43965.81 0 OPM %25.4420.54 - PBDT265.97202.21 32 PBT217.69155.76 40 NP144.18101.63 42

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Arihant Foundations & Housing standalone net profit declines 20.51% in the September 2016 quarter
Nov 17,2016

Net profit of Arihant Foundations & Housing declined 20.51% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015. Sales declined 38.45% to Rs 6.98 crore in the quarter ended September 2016 as against Rs 11.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.9811.34 -38 OPM %10.6014.02 - PBDT0.680.83 -18 PBT0.460.48 -4 NP0.310.39 -21

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Intercorp Industries reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Intercorp Industries reported no net profit/loss 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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Sunitee Chemicals reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 17,2016

Net loss of Sunitee Chemicals reported to Rs 0.06 crore 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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Sword-Edge Commercials reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Sword-Edge Commercials 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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Shreekrishna Biotech reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net loss of Shreekrishna Biotech reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported 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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Gemstone Investments standalone net profit declines 29.27% in the September 2016 quarter
Nov 17,2016

Net profit of Gemstone Investments declined 29.27% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.41 crore during the previous quarter ended September 2015. Sales declined 5.45% to Rs 0.52 crore in the quarter ended September 2016 as against Rs 0.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.520.55 -5 OPM %57.6981.82 - PBDT0.300.41 -27 PBT0.290.41 -29 NP0.290.41 -29

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Pithampur Poly Products reports standalone nil net profit/loss in the September 2016 quarter
Nov 17,2016

Pithampur Poly Products 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. Sales rose 8.82% to Rs 2.22 crore in the quarter ended September 2016 as against Rs 2.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.222.04 9 OPM %7.218.33 - PBDT0.160.17 -6 PBT00.01 -100 NP00.01 -100

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Kay Power & Paper standalone net profit declines 66.67% in the September 2016 quarter
Nov 17,2016

Net profit of Kay Power & Paper declined 66.67% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 6.46% to Rs 8.40 crore in the quarter ended September 2016 as against Rs 8.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.408.98 -6 OPM %2.502.00 - PBDT0.210.18 17 PBT0.010.03 -67 NP0.010.03 -67

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Bacil Pharma reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 17,2016

Net profit of Bacil Pharma reported to Rs 0.01 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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Grand Foundry reports standalone net loss of Rs 0.24 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Grand Foundry reported to Rs 0.24 crore in the quarter ended September 2016 as against net loss of Rs 0.21 crore during the previous quarter ended September 2015. Sales reported to Rs -0.01 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales-0.010 0 OPM %1900.000 - PBDT-0.19-0.16 -19 PBT-0.24-0.21 -14 NP-0.24-0.21 -14

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Shipping Corporation of India reports standalone net loss of Rs 20.00 crore in the September 2016 quarter
Nov 17,2016

Net loss of Shipping Corporation of India reported to Rs 20.00 crore in the quarter ended September 2016 as against net profit of Rs 161.83 crore during the previous quarter ended September 2015. Sales declined 30.79% to Rs 749.77 crore in the quarter ended September 2016 as against Rs 1083.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales749.771083.38 -31 OPM %17.7428.30 - PBDT138.22315.83 -56 PBT-2.25180.83 PL NP-20.00161.83 PL

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