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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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Premier Energy & Infrastructure reports standalone net profit of Rs 0.18 crore in the September 2016 quarter
Nov 17,2016

Net profit of Premier Energy & Infrastructure reported to Rs 0.18 crore in the quarter ended September 2016 as against net loss of Rs 1.26 crore during the previous quarter ended September 2015. There were no Sales reported 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. Sales00.74 -100 OPM %0-91.89 - PBDT0.53-1.26 LP PBT0.53-1.26 LP NP0.18-1.26 LP

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Jindal Cotex reports standalone net loss of Rs 6.70 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Jindal Cotex reported to Rs 6.70 crore in the quarter ended September 2016 as against net loss of Rs 20.12 crore during the previous quarter ended September 2015. Sales rose 250.00% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.210.06 250 OPM %147.62-20150.00 - PBDT-4.99-18.42 73 PBT-6.70-20.12 67 NP-6.70-20.12 67

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TTI Enterprise reports standalone net profit of Rs 0.10 crore in the September 2016 quarter
Nov 17,2016

Net profit of TTI Enterprise reported to Rs 0.10 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 35.71% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.180.28 -36 OPM %55.56-7.14 - PBDT0.10-0.02 LP PBT0.10-0.02 LP NP0.10-0.02 LP

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Green Fire Agri Commodities reports standalone net loss of Rs 0.26 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Green Fire Agri Commodities reported to Rs 0.26 crore in the quarter ended September 2016 as against net loss of Rs 0.78 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.16 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.16 0 OPM %-87.50-62.50 - PBDT-0.26-0.78 67 PBT-0.26-0.78 67 NP-0.26-0.78 67

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Banas Finance reports standalone net loss of Rs 1.93 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Banas Finance reported to Rs 1.93 crore in the quarter ended September 2016 as against net loss of Rs 0.79 crore during the previous quarter ended September 2015. Sales declined 3.06% to Rs 3.17 crore in the quarter ended September 2016 as against Rs 3.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.173.27 -3 OPM %-33.12-12.54 - PBDT-1.93-0.66 -192 PBT-1.93-0.66 -192 NP-1.93-0.79 -144

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Astro Bio Systems reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Astro Bio Systems reported to Rs 0.05 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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Landmarc Leisure Corporation reports standalone net loss of Rs 0.38 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Landmarc Leisure Corporation reported to Rs 0.38 crore in the quarter ended September 2016 as against net loss of Rs 0.38 crore during the previous quarter ended September 2015. Sales declined 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.06 -50 OPM %-466.67-333.33 - PBDT-0.14-0.23 39 PBT-0.38-0.51 25 NP-0.38-0.38 0

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Beekay Steel Industries standalone net profit rises 92.67% in the September 2016 quarter
Nov 17,2016

Net profit of Beekay Steel Industries rose 92.67% to Rs 8.15 crore in the quarter ended September 2016 as against Rs 4.23 crore during the previous quarter ended September 2015. Sales rose 30.18% to Rs 181.13 crore in the quarter ended September 2016 as against Rs 139.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales181.13139.14 30 OPM %11.2910.79 - PBDT16.4310.02 64 PBT12.466.47 93 NP8.154.23 93

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Sar Auto Products standalone net profit declines 17.86% in the September 2016 quarter
Nov 17,2016

Net profit of Sar Auto Products declined 17.86% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015. Sales rose 73.20% to Rs 1.68 crore in the quarter ended September 2016 as against Rs 0.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.680.97 73 OPM %29.7631.96 - PBDT0.500.46 9 PBT0.230.28 -18 NP0.230.28 -18

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Shiva Cement reports standalone net loss of Rs 2.75 crore in the September 2016 quarter
Nov 17,2016

Net loss of Shiva Cement reported to Rs 2.75 crore in the quarter ended September 2016 as against net profit of Rs 0.13 crore during the previous quarter ended September 2015. Sales declined 55.01% to Rs 6.29 crore in the quarter ended September 2016 as against Rs 13.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.2913.98 -55 OPM %-6.8418.53 - PBDT-1.641.40 PL PBT-3.190.13 PL NP-2.750.13 PL

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Tejassvi Aaharam reports standalone net profit of Rs 0.18 crore in the September 2016 quarter
Nov 17,2016

Net profit of Tejassvi Aaharam reported to Rs 0.18 crore in the quarter ended September 2016 as against net loss of Rs 0.32 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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Filtron Engineers reports standalone net loss of Rs 0.20 crore in the September 2016 quarter
Nov 17,2016

Net Loss of Filtron Engineers reported to Rs 0.20 crore in the quarter ended September 2016 as against net loss of Rs 0.31 crore during the previous quarter ended September 2015. Sales declined 97.14% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010.35 -97 OPM %-1600.00-71.43 - PBDT-0.16-0.26 38 PBT-0.20-0.31 35 NP-0.20-0.31 35

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Engineers India standalone net profit rises 21.42% in the September 2016 quarter
Nov 17,2016

Net profit of Engineers India rose 21.42% to Rs 93.75 crore in the quarter ended September 2016 as against Rs 77.21 crore during the previous quarter ended September 2015. Sales declined 24.60% to Rs 338.89 crore in the quarter ended September 2016 as against Rs 449.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales338.89449.44 -25 OPM %27.6514.44 - PBDT149.78125.77 19 PBT144.50120.57 20 NP93.7577.21 21

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R B Gupta Financials standalone net profit rises 20.00% in the September 2016 quarter
Nov 17,2016

Net profit of R B Gupta Financials rose 20.00% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.07 -100 OPM %0-85.71 - PBDT0.060.05 20 PBT0.060.05 20 NP0.060.05 20

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Shri Mahalaxmi Agricultural Developments standalone net profit rises 200.00% in the September 2016 quarter
Nov 17,2016

Net profit of Shri Mahalaxmi Agricultural Developments rose 200.00% to Rs 0.03 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 and during the previous quarter ended September 2015.

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