My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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.

Powered by Capital Market - Live News

Mangalam Timber Products reports standalone net loss of Rs 1.74 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Mangalam Timber Products reported to Rs 1.74 crore in the quarter ended September 2016 as against net loss of Rs 4.00 crore during the previous quarter ended September 2015. Sales declined 64.63% to Rs 3.19 crore in the quarter ended September 2016 as against Rs 9.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.199.02 -65 OPM %-70.85-53.55 - PBDT-2.33-5.89 60 PBT-2.69-6.26 57 NP-1.74-4.00 57

Powered by Capital Market - Live News

Sasken becomes member of Automotive Grade Linux
Nov 16,2016

Sasken Communications Technologies announced its membership with Automotive Grade Linux as its Bronze member. This membership will enable Sasken to provide solutions to customers on Automotive Grade Linux. Sasken will provide product development and system integration services for Automotive customers spanning in-vehicle infotainment (IVI), instrument cluster, head-up display and telematics.

Powered by Capital Market - Live News

Thakral Services (India) reports standalone net loss of Rs 0.53 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Thakral Services (India) reported to Rs 0.53 crore in the quarter ended September 2016 as against net loss of Rs 0.87 crore during the previous quarter ended September 2015. Sales rose 0.96% to Rs 4.21 crore in the quarter ended September 2016 as against Rs 4.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.214.17 1 OPM %-4.99-13.91 - PBDT-0.41-0.81 49 PBT-0.53-0.92 42 NP-0.53-0.87 39

Powered by Capital Market - Live News

Encash Entertainment standalone net profit rises 900.00% in the September 2016 quarter
Nov 16,2016

Net profit of Encash Entertainment rose 900.00% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 100.00% to Rs 2.76 crore in the quarter ended September 2016 as against Rs 1.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.761.38 100 OPM %4.713.62 - PBDT0.140.03 367 PBT0.100.01 900 NP0.100.01 900

Powered by Capital Market - Live News

Adarsh Mercantile standalone net profit rises 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Adarsh Mercantile rose 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against 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.

Powered by Capital Market - Live News

Tree House Education & Accessories reports standalone net loss of Rs 47.64 crore in the September 2016 quarter
Nov 16,2016

Net loss of Tree House Education & Accessories reported to Rs 47.64 crore in the quarter ended September 2016 as against net profit of Rs 12.74 crore during the previous quarter ended September 2015. Sales declined 68.58% to Rs 17.99 crore in the quarter ended September 2016 as against Rs 57.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.9957.25 -69 OPM %-61.4252.66 - PBDT-13.5528.78 PL PBT-25.4418.74 PL NP-47.6412.74 PL

Powered by Capital Market - Live News

Future Consumer Enterprise reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Future Consumer Enterprise reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 15.47 crore during the previous quarter ended September 2015. Sales rose 26.77% to Rs 437.21 crore in the quarter ended September 2016 as against Rs 344.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales437.21344.88 27 OPM %1.47-1.65 - PBDT5.13-11.14 LP PBT-0.04-15.47 100 NP-0.04-15.47 100

Powered by Capital Market - Live News

Shree Tulsi Online.Com standalone net profit declines 68.42% in the September 2016 quarter
Nov 16,2016

Net profit of Shree Tulsi Online.Com declined 68.42% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.19 crore during the previous quarter ended September 2015. Sales rose 56.25% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.250.16 56 OPM %12.0018.75 - PBDT0.070.08 -13 PBT0.060.06 0 NP0.060.19 -68

Powered by Capital Market - Live News

Everest Kanto Cylinder reports standalone net loss of Rs 2.16 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Everest Kanto Cylinder reported to Rs 2.16 crore in the quarter ended September 2016 as against net loss of Rs 28.36 crore during the previous quarter ended September 2015. Sales rose 64.19% to Rs 63.33 crore in the quarter ended September 2016 as against Rs 38.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales63.3338.57 64 OPM %24.41-12.11 - PBDT9.11-15.52 LP PBT5.04-19.70 LP NP-2.16-28.36 92

Powered by Capital Market - Live News

Mavens Biotech standalone net profit declines 50.00% in the September 2016 quarter
Nov 16,2016

Net profit of Mavens Biotech declined 50.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 66.67% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.350.21 67 OPM %11.4328.57 - PBDT0.040.06 -33 PBT0.010.02 -50 NP0.010.02 -50

Powered by Capital Market - Live News

Bodhtree Consulting standalone net profit rises 27.78% in the September 2016 quarter
Nov 16,2016

Net profit of Bodhtree Consulting rose 27.78% to Rs 0.46 crore in the quarter ended September 2016 as against Rs 0.36 crore during the previous quarter ended September 2015. Sales rose 0.52% to Rs 13.46 crore in the quarter ended September 2016 as against Rs 13.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.4613.39 1 OPM %9.444.03 - PBDT1.000.78 28 PBT0.670.52 29 NP0.460.36 28

Powered by Capital Market - Live News

Softsol India reports standalone net profit of Rs 0.49 crore in the September 2016 quarter
Nov 16,2016

Net profit of Softsol India reported to Rs 0.49 crore in the quarter ended September 2016 as against net loss of Rs 0.17 crore during the previous quarter ended September 2015. Sales declined 30.43% to Rs 0.64 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.640.92 -30 OPM %-173.44-157.61 - PBDT1.330.62 115 PBT0.62-0.22 LP NP0.49-0.17 LP

Powered by Capital Market - Live News

Vedavaag Systems standalone net profit rises 5.59% in the September 2016 quarter
Nov 16,2016

Net profit of Vedavaag Systems rose 5.59% to Rs 1.89 crore in the quarter ended September 2016 as against Rs 1.79 crore during the previous quarter ended September 2015. Sales declined 47.07% to Rs 14.08 crore in the quarter ended September 2016 as against Rs 26.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.0826.60 -47 OPM %21.1618.23 - PBDT3.004.85 -38 PBT2.392.21 8 NP1.891.79 6

Powered by Capital Market - Live News

Kwality Credit & Leasing reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Kwality Credit & Leasing reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.12 crore during the previous quarter ended September 2015. Sales declined 23.81% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.21 -24 OPM %6.2590.48 - PBDT00.18 -100 PBT00.18 -100 NP00.12 -100

Powered by Capital Market - Live News

Paragon Finance standalone net profit declines 61.02% in the September 2016 quarter
Nov 16,2016

Net profit of Paragon Finance declined 61.02% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.59 crore during the previous quarter ended September 2015. Sales declined 7.61% to Rs 0.85 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.850.92 -8 OPM %37.6526.09 - PBDT0.330.67 -51 PBT0.290.62 -53 NP0.230.59 -61

Powered by Capital Market - Live News