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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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RSD Finance consolidated net profit rises 21.57% in the December 2016 quarter
Feb 17,2017

Net profit of RSD Finance rose 21.57% to Rs 2.48 crore in the quarter ended December 2016 as against Rs 2.04 crore during the previous quarter ended December 2015. Sales declined 12.13% to Rs 5.87 crore in the quarter ended December 2016 as against Rs 6.68 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.876.68 -12 OPM %56.222.69 - PBDT4.343.66 19 PBT3.572.90 23 NP2.482.04 22

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Alka Securities reports consolidated net loss of Rs 0.02 crore in the December 2016 quarter
Feb 17,2017

Net Loss of Alka Securities reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. Sales reported to Rs 0.01 crore in the quarter ended December 2016. There were no Sales reported during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010 0 OPM %-200.000 - PBDT-0.02-0.01 -100 PBT-0.02-0.01 -100 NP-0.02-0.01 -100

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Kavveri Telecom Products reports consolidated net loss of Rs 7.41 crore in the December 2016 quarter
Feb 17,2017

Net Loss of Kavveri Telecom Products reported to Rs 7.41 crore in the quarter ended December 2016 as against net loss of Rs 4.24 crore during the previous quarter ended December 2015. Sales declined 73.67% to Rs 4.59 crore in the quarter ended December 2016 as against Rs 17.43 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.5917.43 -74 OPM %26.8050.83 - PBDT-3.171.72 PL PBT-7.41-2.17 -241 NP-7.41-4.24 -75

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SBEC Sugar reports consolidated net loss of Rs 9.50 crore in the December 2016 quarter
Feb 17,2017

Net Loss of SBEC Sugar reported to Rs 9.50 crore in the quarter ended December 2016 as against net loss of Rs 9.18 crore during the previous quarter ended December 2015. Sales rose 9.10% to Rs 55.98 crore in the quarter ended December 2016 as against Rs 51.31 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales55.9851.31 9 OPM %-10.70-12.88 - PBDT-9.38-8.95 -5 PBT-10.22-9.85 -4 NP-9.50-9.18 -3

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Asian Star Company consolidated net profit declines 4.11% in the December 2016 quarter
Feb 17,2017

Net profit of Asian Star Company declined 4.11% to Rs 15.17 crore in the quarter ended December 2016 as against Rs 15.82 crore during the previous quarter ended December 2015. Sales rose 6.88% to Rs 746.62 crore in the quarter ended December 2016 as against Rs 698.56 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales746.62698.56 7 OPM %4.114.38 - PBDT25.4325.50 0 PBT21.2121.65 -2 NP15.1715.82 -4

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Master Trust consolidated net profit declines 13.33% in the December 2016 quarter
Feb 17,2017

Net profit of Master Trust declined 13.33% to Rs 0.65 crore in the quarter ended December 2016 as against Rs 0.75 crore during the previous quarter ended December 2015. Sales rose 15.11% to Rs 27.27 crore in the quarter ended December 2016 as against Rs 23.69 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales27.2723.69 15 OPM %25.2318.57 - PBDT2.301.81 27 PBT1.800.98 84 NP0.650.75 -13

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Nettlinx consolidated net profit rises 450.00% in the December 2016 quarter
Feb 17,2017

Net profit of Nettlinx rose 450.00% to Rs 1.65 crore in the quarter ended December 2016 as against Rs 0.30 crore during the previous quarter ended December 2015. Sales declined 26.63% to Rs 4.49 crore in the quarter ended December 2016 as against Rs 6.12 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.496.12 -27 OPM %38.755.56 - PBDT1.740.38 358 PBT1.650.30 450 NP1.650.30 450

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Diamond Power Infrastructure reports consolidated net loss of Rs 213.23 crore in the December 2016 quarter
Feb 17,2017

Net Loss of Diamond Power Infrastructure reported to Rs 213.23 crore in the quarter ended December 2016 as against net loss of Rs 53.02 crore during the previous quarter ended December 2015. Sales declined 49.38% to Rs 249.19 crore in the quarter ended December 2016 as against Rs 492.23 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales249.19492.23 -49 OPM %-91.22-0.44 - PBDT-260.49-46.65 -458 PBT-283.39-60.40 -369 NP-213.23-53.02 -302

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Microse India reports standalone net loss of Rs 0.03 crore in the December 2016 quarter
Feb 17,2017

Net Loss of Microse India reported to Rs 0.03 crore in the quarter ended December 2016 as against net loss of Rs 0.71 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.89 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.89 -100 OPM %0-83.15 - PBDT-0.03-0.71 96 PBT-0.03-0.71 96 NP-0.03-0.71 96

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RSD Finance standalone net profit rises 45.24% in the December 2016 quarter
Feb 17,2017

Net profit of RSD Finance rose 45.24% to Rs 1.22 crore in the quarter ended December 2016 as against Rs 0.84 crore during the previous quarter ended December 2015. Sales declined 20.00% to Rs 0.16 crore in the quarter ended December 2016 as against Rs 0.20 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.160.20 -20 OPM %812.50-145.00 - PBDT1.520.95 60 PBT1.500.92 63 NP1.220.84 45

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BCL Industries & Infrastructures standalone net profit declines 22.03% in the December 2016 quarter
Feb 17,2017

Net profit of BCL Industries & Infrastructures declined 22.03% to Rs 4.07 crore in the quarter ended December 2016 as against Rs 5.22 crore during the previous quarter ended December 2015. Sales rose 15.68% to Rs 182.91 crore in the quarter ended December 2016 as against Rs 158.12 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales182.91158.12 16 OPM %6.657.01 - PBDT6.768.07 -16 PBT5.076.22 -18 NP4.075.22 -22

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S & S Power Switchgear reports standalone net loss of Rs 0.28 crore in the December 2016 quarter
Feb 17,2017

Net loss of S & S Power Switchgear reported to Rs 0.28 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales declined 41.10% to Rs 0.43 crore in the quarter ended December 2016 as against Rs 0.73 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.430.73 -41 OPM %-44.19-4.11 - PBDT-0.240.03 PL PBT-0.280 0 NP-0.280 0

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Associated Stone Industries (Kotah) consolidated net profit declines 6.33% in the December 2016 quarter
Feb 17,2017

Net profit of Associated Stone Industries (Kotah) declined 6.33% to Rs 3.70 crore in the quarter ended December 2016 as against Rs 3.95 crore during the previous quarter ended December 2015. Sales rose 21.10% to Rs 54.40 crore in the quarter ended December 2016 as against Rs 44.92 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales54.4044.92 21 OPM %17.8921.53 - PBDT8.859.99 -11 PBT4.636.07 -24 NP3.703.95 -6

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FPIs turn net sellers
Feb 17,2017

Foreign portfolio investors (FPIs) sold stocks worth a net Rs 225.78 crore into the secondary equity markets yesterday, 16 February 2017, compared with net inflow of Rs 253.50 crore during the preceding trading session on 15 February 2017. The net outflow of Rs 225.78 crore on 16 February 2017 was a result of gross purchases of Rs 5055.55 crore and gross sales of Rs 5281.33 crore. On that day, the Sensex rose 145.71 points or 0.52% to settle at 28,301.27, its highest closing level since 14 February 2017.

There was an inflow of Rs 29.41 crore into the category primary market & others on 16 February 2017, which was a result of gross purchases of Rs 29.68 crore and gross sales of Rs 0.27 crore.

FPIs have bought stocks worth a net Rs 1664.42 crore in February 2017 so far (till 16 February 2017). They sold stocks worth a net Rs 1315.13 crore in January 2017. FPIs have purchased shares worth a net Rs 349.29 crore from the secondary equity markets in calendar year 2017 (till 16 February 2017). FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 1337.81 crore from FPIs in the category primary market & others in February 2017 so far (till 16 February 2017). There was a net inflow of Rs 138.53 crore from FPIs in the category primary market & others in January 2017. FPIs have purchased shares worth a net Rs 1476.34 crore in the category primary markets & others in calendar year 2017 (till 16 February 2017). The net inflow from FPIs in the category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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Fitch: Banks Globally Continue to Face Profits Challenge
Feb 17,2017

Fitch Ratings, in its Financial Institutions 2017 Outlooks Compendium, highlights that positive fundamentals in the banking sector continue to be challenged by below-trend economic growth and low or negative interest rates in core markets. Weak growth exerts pressure on the quality of legacy assets while dampening demand for new credit. Low or negative rates make it more difficult to manage net interest margins, squeezing profits.

The ongoing impact of conduct risk penalties for certain entities, political uncertainty, regulatory changes, and country-specific or idiosyncratic event risks are likely to challenge banks globally in 2017, said David Weinfurter, Global Group Head of Financial Institutions at Fitch.

With a few notable exceptions, banks and banking systems around the world are now materially less risky, with consistently improved credit fundamentals. However, macro-economic factors, enhanced regulation, legacy issues and business model dynamics have made delivering returns on equity that exceed the cost of equity far more challenging.

2017 bank rating Outlooks diverge for developed and emerging markets. In the developed markets the distribution of Outlooks is 80% Stable, 8% Positive, and 12% Negative at 1 January 2017. In the emerging markets the Outlook distributions were 68% Stable, 2% Positive, and 30% Negative as of the same date. In addition, there have already been notable emerging-market bank downgrades in 2017, for example in Costa Rica and Turkey, triggered by sovereign downgrades, with Outlooks now Stable.

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