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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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Manjeera Constructions standalone net profit declines 96.77% in the September 2016 quarter
Nov 15,2016

Net profit of Manjeera Constructions declined 96.77% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 1.86 crore during the previous quarter ended September 2015. Sales declined 51.11% to Rs 2.86 crore in the quarter ended September 2016 as against Rs 5.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.865.85 -51 OPM %-29.37-11.79 - PBDT0.182.30 -92 PBT0.092.24 -96 NP0.061.86 -97

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Master Chemicals reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net loss of Master Chemicals reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported 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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RCC Cements reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 15,2016

Net Loss of RCC Cements reported to Rs 0.03 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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Munoth Capital Markets reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Munoth Capital Markets reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 25.00% to Rs 0.05 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. Sales0.050.04 25 OPM %-100.00-150.00 - PBDT-0.02-0.07 71 PBT-0.02-0.08 75 NP-0.02-0.08 75

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Vipul standalone net profit rises 1192.31% in the September 2016 quarter
Nov 15,2016

Net profit of Vipul rose 1192.31% to Rs 1.68 crore in the quarter ended September 2016 as against Rs 0.13 crore during the previous quarter ended September 2015. Sales rose 60.66% to Rs 80.30 crore in the quarter ended September 2016 as against Rs 49.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales80.3049.98 61 OPM %10.6712.06 - PBDT3.250.44 639 PBT2.980.19 1468 NP1.680.13 1192

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Prism Medico & Pharmacy reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Prism Medico & Pharmacy reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.03 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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HRB Floriculture reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Nov 15,2016

Net Loss of HRB Floriculture reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.11 crore during the previous quarter ended September 2015. Sales reported to Rs 0.11 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.110 0 OPM %-118.180 - PBDT-0.13-0.07 -86 PBT-0.15-0.11 -36 NP-0.15-0.11 -36

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Autolite (India) standalone net profit declines 7.32% in the September 2016 quarter
Nov 15,2016

Net profit of Autolite (India) declined 7.32% to Rs 0.38 crore in the quarter ended September 2016 as against Rs 0.41 crore during the previous quarter ended September 2015. Sales declined 6.89% to Rs 25.69 crore in the quarter ended September 2016 as against Rs 27.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales25.6927.59 -7 OPM %8.689.06 - PBDT1.060.98 8 PBT0.380.41 -7 NP0.380.41 -7

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Sharda Motor Industries standalone net profit rises 20.55% in the September 2016 quarter
Nov 15,2016

Net profit of Sharda Motor Industries rose 20.55% to Rs 11.85 crore in the quarter ended September 2016 as against Rs 9.83 crore during the previous quarter ended September 2015. Sales rose 14.19% to Rs 258.66 crore in the quarter ended September 2016 as against Rs 226.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales258.66226.52 14 OPM %13.1311.05 - PBDT35.8025.20 42 PBT23.6114.35 65 NP11.859.83 21

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Albert David standalone net profit declines 3.60% in the September 2016 quarter
Nov 15,2016

Net profit of Albert David declined 3.60% to Rs 6.16 crore in the quarter ended September 2016 as against Rs 6.39 crore during the previous quarter ended September 2015. Sales declined 3.47% to Rs 91.43 crore in the quarter ended September 2016 as against Rs 94.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales91.4394.72 -3 OPM %12.3513.72 - PBDT12.5712.89 -2 PBT10.4910.64 -1 NP6.166.39 -4

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SSPDL standalone net profit rises 53.30% in the September 2016 quarter
Nov 15,2016

Net profit of SSPDL rose 53.30% to Rs 6.50 crore in the quarter ended September 2016 as against Rs 4.24 crore during the previous quarter ended September 2015. Sales rose 39.43% to Rs 34.76 crore in the quarter ended September 2016 as against Rs 24.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.7624.93 39 OPM %34.2618.81 - PBDT11.584.29 170 PBT11.544.24 172 NP6.504.24 53

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Sakthi Sugars reports standalone net loss of Rs 19.13 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Sakthi Sugars reported to Rs 19.13 crore in the quarter ended September 2016 as against net loss of Rs 24.60 crore during the previous quarter ended September 2015. Sales rose 49.92% to Rs 214.93 crore in the quarter ended September 2016 as against Rs 143.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales214.93143.36 50 OPM %9.894.74 - PBDT-5.80-19.25 70 PBT-24.00-33.10 27 NP-19.13-24.60 22

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Aurobindo Pharma standalone net profit rises 22.85% in the September 2016 quarter
Nov 15,2016

Net profit of Aurobindo Pharma rose 22.85% to Rs 419.24 crore in the quarter ended September 2016 as against Rs 341.27 crore during the previous quarter ended September 2015. Sales rose 8.66% to Rs 2349.21 crore in the quarter ended September 2016 as against Rs 2161.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2349.212161.93 9 OPM %25.2525.56 - PBDT615.88514.36 20 PBT544.63448.83 21 NP419.24341.27 23

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Kennametal India standalone net profit rises 35.16% in the September 2016 quarter
Nov 15,2016

Net profit of Kennametal India rose 35.16% to Rs 4.69 crore in the quarter ended September 2016 as against Rs 3.47 crore during the previous quarter ended September 2015. Sales rose 18.75% to Rs 148.97 crore in the quarter ended September 2016 as against Rs 125.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales148.97125.45 19 OPM %7.286.48 - PBDT12.6010.39 21 PBT6.064.44 36 NP4.693.47 35

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Ferro Alloys Corporation reports standalone net loss of Rs 1.26 crore in the September 2016 quarter
Nov 15,2016

Net loss of Ferro Alloys Corporation reported to Rs 1.26 crore in the quarter ended September 2016 as against net profit of Rs 1.50 crore during the previous quarter ended September 2015. Sales declined 9.15% to Rs 127.98 crore in the quarter ended September 2016 as against Rs 140.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales127.98140.87 -9 OPM %1.184.24 - PBDT-1.192.83 PL PBT-2.571.68 PL NP-1.261.50 PL

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