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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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Garnet International standalone net profit declines 4.71% in the September 2016 quarter
Nov 15,2016

Net profit of Garnet International declined 4.71% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 0.85 crore during the previous quarter ended September 2015. Sales declined 59.17% to Rs 3.94 crore in the quarter ended September 2016 as against Rs 9.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.949.65 -59 OPM %21.073.63 - PBDT0.830.87 -5 PBT0.810.85 -5 NP0.810.85 -5

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Catvision standalone net profit rises 263.64% in the September 2016 quarter
Nov 15,2016

Net profit of Catvision rose 263.64% to Rs 0.40 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 41.98% to Rs 12.48 crore in the quarter ended September 2016 as against Rs 8.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.488.79 42 OPM %7.135.80 - PBDT0.700.32 119 PBT0.580.16 263 NP0.400.11 264

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Bloom Dekor standalone net profit rises 460.00% in the September 2016 quarter
Nov 15,2016

Net profit of Bloom Dekor rose 460.00% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 9.51% to Rs 17.38 crore in the quarter ended September 2016 as against Rs 15.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.3815.87 10 OPM %10.4712.67 - PBDT0.890.70 27 PBT0.280.05 460 NP0.280.05 460

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Diana Tea Company standalone net profit declines 29.65% in the September 2016 quarter
Nov 15,2016

Net profit of Diana Tea Company declined 29.65% to Rs 4.58 crore in the quarter ended September 2016 as against Rs 6.51 crore during the previous quarter ended September 2015. Sales declined 3.87% to Rs 16.14 crore in the quarter ended September 2016 as against Rs 16.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.1416.79 -4 OPM %29.8640.14 - PBDT4.816.76 -29 PBT4.586.51 -30 NP4.586.51 -30

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Daikaffil Chemicals India standalone net profit rises 50.65% in the September 2016 quarter
Nov 15,2016

Net profit of Daikaffil Chemicals India rose 50.65% to Rs 1.16 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 2.47% to Rs 7.50 crore in the quarter ended September 2016 as against Rs 7.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.507.69 -2 OPM %22.4013.52 - PBDT1.821.16 57 PBT1.701.06 60 NP1.160.77 51

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Ram Info standalone net profit rises 85.71% in the September 2016 quarter
Nov 15,2016

Net profit of Ram Info rose 85.71% to Rs 0.39 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 16.63% to Rs 5.40 crore in the quarter ended September 2016 as against Rs 4.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.404.63 17 OPM %14.6312.31 - PBDT0.810.34 138 PBT0.510.27 89 NP0.390.21 86

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KM Capital reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 15,2016

Net Loss of KM Capital reported to Rs 0.09 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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Aadi Industries reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Aadi Industries reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.20 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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Shelter Infra Projects reports standalone net profit of Rs 0.12 crore in the September 2016 quarter
Nov 15,2016

Net profit of Shelter Infra Projects reported to Rs 0.12 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 2.74% to Rs 0.71 crore in the quarter ended September 2016 as against Rs 0.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.710.73 -3 OPM %21.1317.81 - PBDT0.190.14 36 PBT0.110 0 NP0.12-0.01 LP

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Sandu Pharmaceuticals standalone net profit rises 300.00% in the September 2016 quarter
Nov 15,2016

Net profit of Sandu Pharmaceuticals 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 16.44% to Rs 12.18 crore in the quarter ended September 2016 as against Rs 10.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.1810.46 16 OPM %5.015.35 - PBDT0.250.16 56 PBT0.060.04 50 NP0.040.01 300

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Samtex Fashions reports standalone net loss of Rs 2.16 crore in the September 2016 quarter
Nov 15,2016

Net loss of Samtex Fashions reported to Rs 2.16 crore in the quarter ended September 2016 as against net profit of Rs 0.25 crore during the previous quarter ended September 2015. Sales declined 69.65% to Rs 8.23 crore in the quarter ended September 2016 as against Rs 27.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.2327.12 -70 OPM %-10.215.24 - PBDT-1.880.54 PL PBT-2.140.33 PL NP-2.160.25 PL

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Jyoti Resins and Adhesives reports standalone net loss of Rs 0.56 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Jyoti Resins and Adhesives reported to Rs 0.56 crore in the quarter ended September 2016 as against net loss of Rs 0.70 crore during the previous quarter ended September 2015. Sales rose 80.34% to Rs 18.25 crore in the quarter ended September 2016 as against Rs 10.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.2510.12 80 OPM %-2.14-4.84 - PBDT-0.54-0.68 21 PBT-0.56-0.70 20 NP-0.56-0.70 20

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Mukand gets ratings upgrade for FD programme
Nov 15,2016

Mukand has received up-gradation in credit rating from Brickwork Ratings India for Fixed Deposit Programme (Rs 115.48 crore) of the Company from BWR FBB to BWR FBB+.

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Premier Capital Services reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Premier Capital Services reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.06 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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Khator Fibre & Fabrics standalone net profit declines 10.00% in the September 2016 quarter
Nov 15,2016

Net profit of Khator Fibre & Fabrics declined 10.00% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015. Sales rose 20.28% to Rs 14.71 crore in the quarter ended September 2016 as against Rs 12.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.7112.23 20 OPM %7.219.48 - PBDT0.710.66 8 PBT0.180.20 -10 NP0.180.20 -10

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