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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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Presha Metallurgical reports standalone nil net profit/loss in the June 2017 quarter
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B N Rathi Securities standalone net profit declines 21.57% in the June 2017 quarter
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Net profit of B N Rathi Securities declined 21.57% to Rs 0.40 crore in the quarter ended June 2017 as against Rs 0.51 crore during the previous quarter ended June 2016. Sales declined 1.02% to Rs 3.90 crore in the quarter ended June 2017 as against Rs 3.94 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.903.94 -1 OPM %7.4410.66 - PBDT0.600.83 -28 PBT0.550.76 -28 NP0.400.51 -22

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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales114.7380.64 42 OPM %5.254.56 - PBDT2.850.54 428 PBT0.61-1.71 LP NP0.62-0.54 LP

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Oxides & Specialities reports standalone nil net profit/loss in the June 2017 quarter
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Simplex Trading & Agencies reports standalone net loss of Rs 0.01 crore in the June 2017 quarter
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Vardhman Acrylics standalone net profit declines 36.46% in the June 2017 quarter
Aug 05,2017

Net profit of Vardhman Acrylics declined 36.46% to Rs 9.76 crore in the quarter ended June 2017 as against Rs 15.36 crore during the previous quarter ended June 2016. Sales declined 35.68% to Rs 67.69 crore in the quarter ended June 2017 as against Rs 105.24 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales67.69105.24 -36 OPM %20.2823.06 - PBDT13.6924.23 -43 PBT12.5223.13 -46 NP9.7615.36 -36

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FDC standalone net profit declines 40.23% in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales236.19264.49 -11 OPM %15.0625.75 - PBDT49.0480.68 -39 PBT39.7472.23 -45 NP29.2748.97 -40

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Bombay Potteries & Tiles reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
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Net Loss of Bombay Potteries & Tiles reported to Rs 0.04 crore in the quarter ended June 2017 as against net loss of Rs 0.03 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Pioneer Agro Extracts reports standalone net loss of Rs 0.07 crore in the June 2017 quarter
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Andhra Cements reports standalone net loss of Rs 25.42 crore in the June 2017 quarter
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Net Loss of Andhra Cements reported to Rs 25.42 crore in the quarter ended June 2017 as against net loss of Rs 20.85 crore during the previous quarter ended June 2016. Sales rose 26.10% to Rs 108.50 crore in the quarter ended June 2017 as against Rs 86.04 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales108.5086.04 26 OPM %12.5815.28 - PBDT-14.39-10.84 -33 PBT-25.57-20.85 -23 NP-25.42-20.85 -22

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Sun Pharma Advanced Research Company reports standalone net loss of Rs 78.84 crore in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales23.3921.48 9 OPM %-333.22-166.85 - PBDT-76.78-34.18 -125 PBT-78.84-36.14 -118 NP-78.84-36.14 -118

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Syndicate Bank reports standalone net loss of Rs 263.19 crore in the June 2017 quarter
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Net loss of Syndicate Bank reported to Rs 263.19 crore in the quarter ended June 2017 as against net profit of Rs 79.13 crore during the previous quarter ended June 2016. Total Operating Income declined 6.49% to Rs 5484.13 crore in the quarter ended June 2017 as against Rs 5864.63 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Total Operating Income5484.135864.63 -6 OPM %51.8367.20 - PBDT-353.68110.22 PL PBT-353.68110.22 PL NP-263.1979.13 PL

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OCL India standalone net profit rises 10.77% in the June 2017 quarter
Aug 05,2017

Net profit of OCL India rose 10.77% to Rs 117.24 crore in the quarter ended June 2017 as against Rs 105.84 crore during the previous quarter ended June 2016. Sales rose 17.03% to Rs 829.31 crore in the quarter ended June 2017 as against Rs 708.62 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales829.31708.62 17 OPM %24.3125.46 - PBDT208.52177.47 17 PBT171.04144.49 18 NP117.24105.84 11

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Comfort Fincap standalone net profit rises 24.07% in the June 2017 quarter
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Net profit of Comfort Fincap rose 24.07% to Rs 0.67 crore in the quarter ended June 2017 as against Rs 0.54 crore during the previous quarter ended June 2016. Sales rose 46.30% to Rs 1.58 crore in the quarter ended June 2017 as against Rs 1.08 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.581.08 46 OPM %77.2276.85 - PBDT0.870.74 18 PBT0.870.74 18 NP0.670.54 24

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Valson Industries standalone net profit rises 3.28% in the June 2017 quarter
Aug 05,2017

Net profit of Valson Industries rose 3.28% to Rs 0.63 crore in the quarter ended June 2017 as against Rs 0.61 crore during the previous quarter ended June 2016. Sales rose 13.80% to Rs 26.55 crore in the quarter ended June 2017 as against Rs 23.33 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales26.5523.33 14 OPM %5.245.74 - PBDT1.611.51 7 PBT0.920.90 2 NP0.630.61 3

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