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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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Ridhi Synthetics standalone net profit declines 16.67% in the September 2016 quarter
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Net profit of Ridhi Synthetics declined 16.67% to Rs 0.05 crore in the quarter ended September 2016 as against 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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Samtel Color reports standalone net loss of Rs 1.70 crore in the September 2016 quarter
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White Diamond Industries consolidated net profit declines 71.43% in the September 2016 quarter
Nov 15,2016

Net profit of White Diamond Industries declined 71.43% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 54.55% to Rs 2.04 crore in the quarter ended September 2016 as against Rs 1.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.041.32 55 OPM %4.4116.67 - PBDT0.090.22 -59 PBT0.080.21 -62 NP0.060.21 -71

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Kuber Udyog standalone net profit rises 54.55% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.330.10 230 OPM %51.5250.00 - PBDT0.170.11 55 PBT0.170.11 55 NP0.170.11 55

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Niraj Cement Structurals standalone net profit declines 43.24% in the September 2016 quarter
Nov 15,2016

Net profit of Niraj Cement Structurals declined 43.24% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015. Sales declined 14.13% to Rs 22.79 crore in the quarter ended September 2016 as against Rs 26.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.7926.54 -14 OPM %2.724.14 - PBDT0.560.82 -32 PBT0.210.37 -43 NP0.210.37 -43

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Gradiente Infotainment standalone net profit declines 16.67% in the September 2016 quarter
Nov 15,2016

Net profit of Gradiente Infotainment declined 16.67% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 67.19% to Rs 2.14 crore in the quarter ended September 2016 as against Rs 1.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.141.28 67 OPM %8.4116.41 - PBDT0.180.21 -14 PBT0.150.17 -12 NP0.100.12 -17

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Eastern Gases reports standalone net profit of Rs 0.74 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales76.7470.30 9 OPM %4.334.81 - PBDT1.021.31 -22 PBT0.740.74 0 NP0.740.74 0

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CG-VAK Software & Exports standalone net profit declines 31.25% in the September 2016 quarter
Nov 15,2016

Net profit of CG-VAK Software & Exports declined 31.25% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015. Sales rose 11.34% to Rs 2.65 crore in the quarter ended September 2016 as against Rs 2.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.652.38 11 OPM %7.556.72 - PBDT0.230.30 -23 PBT0.160.24 -33 NP0.110.16 -31

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Prem Somani Financial Services reports standalone nil net profit/loss in the September 2016 quarter
Nov 15,2016

Prem Somani Financial Services 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 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.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.04 -50 OPM %025.00 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Pasupati Fincap reports standalone nil net profit/loss in the September 2016 quarter
Nov 15,2016

Pasupati Fincap 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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White Diamond Industries standalone net profit declines 80.00% in the September 2016 quarter
Nov 15,2016

Net profit of White Diamond Industries declined 80.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 68.57% to Rs 1.77 crore in the quarter ended September 2016 as against Rs 1.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.771.05 69 OPM %1.6910.48 - PBDT0.030.11 -73 PBT0.020.10 -80 NP0.020.10 -80

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Citizen Yarns reports standalone nil net profit/loss in the September 2016 quarter
Nov 15,2016

Citizen Yarns reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales remain constant at Rs 0.51 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.510.51 0 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Pervasive Commodities reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net profit of Pervasive Commodities reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.02 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.02 0 OPM %50.00-250.00 - PBDT0.01-0.05 LP PBT0.01-0.05 LP NP0.01-0.05 LP

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Chennai Petroleum Corporation reports standalone net profit of Rs 98.05 crore in the September 2016 quarter
Nov 15,2016

Net profit of Chennai Petroleum Corporation reported to Rs 98.05 crore in the quarter ended September 2016 as against net loss of Rs 450.07 crore during the previous quarter ended September 2015. Sales rose 18.84% to Rs 7144.44 crore in the quarter ended September 2016 as against Rs 6011.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7144.446011.80 19 OPM %3.58-4.69 - PBDT205.73-376.51 LP PBT138.10-450.07 LP NP98.05-450.07 LP

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Coventry Coil-O-Matic (Haryana) reports standalone net loss of Rs 0.43 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Coventry Coil-O-Matic (Haryana) reported to Rs 0.43 crore in the quarter ended September 2016 as against net loss of Rs 0.52 crore during the previous quarter ended September 2015. Sales declined 6.63% to Rs 11.69 crore in the quarter ended September 2016 as against Rs 12.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.6912.52 -7 OPM %-2.40-3.12 - PBDT-0.36-0.43 16 PBT-0.43-0.52 17 NP-0.43-0.52 17

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