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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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Shilpi Cable Technologies standalone net profit rises 28.87% in the September 2016 quarter
Nov 15,2016

Net profit of Shilpi Cable Technologies rose 28.87% to Rs 19.73 crore in the quarter ended September 2016 as against Rs 15.31 crore during the previous quarter ended September 2015. Sales rose 29.67% to Rs 539.45 crore in the quarter ended September 2016 as against Rs 416.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales539.45416.02 30 OPM %10.449.75 - PBDT33.1525.25 31 PBT30.8423.16 33 NP19.7315.31 29

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ARSS Infrastructure Projects reports standalone net loss of Rs 56.40 crore in the September 2016 quarter
Nov 15,2016

Net loss of ARSS Infrastructure Projects reported to Rs 56.40 crore in the quarter ended September 2016 as against net profit of Rs 0.28 crore during the previous quarter ended September 2015. Sales declined 33.51% to Rs 124.97 crore in the quarter ended September 2016 as against Rs 187.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales124.97187.95 -34 OPM %-28.6021.23 - PBDT-48.029.91 PL PBT-57.351.09 PL NP-56.400.28 PL

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Nandan Denim standalone net profit rises 4.42% in the September 2016 quarter
Nov 15,2016

Net profit of Nandan Denim rose 4.42% to Rs 16.30 crore in the quarter ended September 2016 as against Rs 15.61 crore during the previous quarter ended September 2015. Sales rose 2.75% to Rs 302.63 crore in the quarter ended September 2016 as against Rs 294.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales302.63294.53 3 OPM %16.2217.24 - PBDT40.8640.80 0 PBT23.9824.13 -1 NP16.3015.61 4

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Phoenix Mills standalone net profit rises 5.00% in the September 2016 quarter
Nov 15,2016

Net profit of Phoenix Mills rose 5.00% to Rs 46.22 crore in the quarter ended September 2016 as against Rs 44.02 crore during the previous quarter ended September 2015. Sales rose 6.88% to Rs 92.87 crore in the quarter ended September 2016 as against Rs 86.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales92.8786.89 7 OPM %68.9767.20 - PBDT65.7166.05 -1 PBT58.5158.86 -1 NP46.2244.02 5

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Board of Solar Industries India to consider September quarter results
Nov 15,2016

Solar Industries India announced that the meeting of the Board of Directors of the Company is scheduled to be held on 23 November 2016, inter alia, to consider and approve the Un-audited Financial Results of the Company for the Quarter and half year ended 30 September 2016.

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Maxwell Industries reports standalone net loss of Rs 6.67 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Maxwell Industries reported to Rs 6.67 crore in the quarter ended September 2016 as against net loss of Rs 6.27 crore during the previous quarter ended September 2015. Sales rose 17.56% to Rs 58.03 crore in the quarter ended September 2016 as against Rs 49.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales58.0349.36 18 OPM %9.410.34 - PBDT2.38-2.78 LP PBT1.76-3.99 LP NP-6.67-6.27 -6

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Corporation Bank standalone net profit rises 9.37% in the September 2016 quarter
Nov 15,2016

Net profit of Corporation Bank rose 9.37% to Rs 206.28 crore in the quarter ended September 2016 as against Rs 188.60 crore during the previous quarter ended September 2015. Total Operating Income declined 0.94% to Rs 4955.97 crore in the quarter ended September 2016 as against Rs 5002.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income4955.975002.90 -1 OPM %67.5074.13 - PBDT439.77298.78 47 PBT439.77298.78 47 NP206.28188.60 9

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Nila Infrastructures standalone net profit rises 48.12% in the September 2016 quarter
Nov 15,2016

Net profit of Nila Infrastructures rose 48.12% to Rs 5.51 crore in the quarter ended September 2016 as against Rs 3.72 crore during the previous quarter ended September 2015. Sales rose 36.71% to Rs 52.58 crore in the quarter ended September 2016 as against Rs 38.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales52.5838.46 37 OPM %16.7419.11 - PBDT8.665.99 45 PBT8.265.68 45 NP5.513.72 48

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Alps Industries reports standalone net loss of Rs 15.34 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Alps Industries reported to Rs 15.34 crore in the quarter ended September 2016 as against net loss of Rs 15.07 crore during the previous quarter ended September 2015. Sales declined 12.02% to Rs 129.49 crore in the quarter ended September 2016 as against Rs 147.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales129.49147.18 -12 OPM %-5.57-3.95 - PBDT-6.88-4.92 -40 PBT-15.34-15.07 -2 NP-15.34-15.07 -2

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Marg reports standalone net loss of Rs 9.63 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Marg reported to Rs 9.63 crore in the quarter ended September 2016 as against net loss of Rs 40.56 crore during the previous quarter ended September 2015. Sales declined 40.40% to Rs 21.92 crore in the quarter ended September 2016 as against Rs 36.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.9236.78 -40 OPM %12.869.84 - PBDT-6.94-37.17 81 PBT-9.62-40.53 76 NP-9.63-40.56 76

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Shri Lakshmi Cotsyn reports standalone net loss of Rs 91.10 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Shri Lakshmi Cotsyn reported to Rs 91.10 crore in the quarter ended September 2016 as against net loss of Rs 71.39 crore during the previous quarter ended September 2015. Sales declined 24.02% to Rs 68.88 crore in the quarter ended September 2016 as against Rs 90.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales68.8890.66 -24 OPM %-5.07-8.98 - PBDT-3.59-42.44 92 PBT-30.80-65.12 53 NP-91.10-71.39 -28

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Ashiana Ispat standalone net profit rises 52.94% in the September 2016 quarter
Nov 15,2016

Net profit of Ashiana Ispat rose 52.94% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales declined 23.20% to Rs 36.09 crore in the quarter ended September 2016 as against Rs 46.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.0946.99 -23 OPM %3.933.21 - PBDT0.820.64 28 PBT0.440.26 69 NP0.260.17 53

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Vasundhara Rasayans standalone net profit rises 163.16% in the September 2016 quarter
Nov 15,2016

Net profit of Vasundhara Rasayans rose 163.16% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 0.19 crore during the previous quarter ended September 2015. Sales declined 30.85% to Rs 3.34 crore in the quarter ended September 2016 as against Rs 4.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.344.83 -31 OPM %14.979.52 - PBDT0.640.33 94 PBT0.500.19 163 NP0.500.19 163

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Kesar Petroproducts standalone net profit rises 79.44% in the September 2016 quarter
Nov 15,2016

Net profit of Kesar Petroproducts rose 79.44% to Rs 5.15 crore in the quarter ended September 2016 as against Rs 2.87 crore during the previous quarter ended September 2015. Sales rose 37.63% to Rs 41.04 crore in the quarter ended September 2016 as against Rs 29.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.0429.82 38 OPM %14.9412.47 - PBDT6.503.78 72 PBT6.353.50 81 NP5.152.87 79

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Jyoti reports standalone net loss of Rs 21.90 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Jyoti reported to Rs 21.90 crore in the quarter ended September 2016 as against net loss of Rs 16.84 crore during the previous quarter ended September 2015. Sales declined 34.50% to Rs 47.93 crore in the quarter ended September 2016 as against Rs 73.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.9373.18 -35 OPM %2.558.19 - PBDT-19.21-13.50 -42 PBT-21.90-16.84 -30 NP-21.90-16.84 -30

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