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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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Trinity League India reports standalone net loss of Rs 0.22 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Trinity League India reported to Rs 0.22 crore in the quarter ended June 2017 as against net loss of Rs 0.09 crore during the previous quarter ended June 2016. Sales reported to Rs 0.07 crore in the quarter ended June 2017. There were no Sales reported during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.070 0 OPM %-300.000 - PBDT-0.21-0.08 -163 PBT-0.22-0.09 -144 NP-0.22-0.09 -144

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Indian Oil Corporation standalone net profit declines 44.99% in the June 2017 quarter
Aug 03,2017

Net profit of Indian Oil Corporation declined 44.99% to Rs 4548.51 crore in the quarter ended June 2017 as against Rs 8268.98 crore during the previous quarter ended June 2016. Sales rose 22.49% to Rs 105434.23 crore in the quarter ended June 2017 as against Rs 86077.19 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales105434.2386077.19 22 OPM %7.5915.89 - PBDT8509.1413473.78 -37 PBT6787.8312038.78 -44 NP4548.518268.98 -45

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Gujarat Credit Corporation reports standalone net loss of Rs 0.13 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Gujarat Credit Corporation reported to Rs 0.13 crore in the quarter ended June 2017 as against net loss of Rs 0.07 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Sequent Scientific reports standalone net profit of Rs 5.53 crore in the June 2017 quarter
Aug 03,2017

Net profit of Sequent Scientific reported to Rs 5.53 crore in the quarter ended June 2017 as against net loss of Rs 1.92 crore during the previous quarter ended June 2016. Sales rose 24.84% to Rs 108.07 crore in the quarter ended June 2017 as against Rs 86.57 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales108.0786.57 25 OPM %7.912.25 - PBDT11.183.76 197 PBT5.53-1.92 LP NP5.53-1.92 LP

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Ramco Industries standalone net profit declines 48.00% in the June 2017 quarter
Aug 03,2017

Net profit of Ramco Industries declined 48.00% to Rs 15.73 crore in the quarter ended June 2017 as against Rs 30.25 crore during the previous quarter ended June 2016. Sales rose 2.00% to Rs 230.76 crore in the quarter ended June 2017 as against Rs 226.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales230.76226.23 2 OPM %11.5715.65 - PBDT26.4726.95 -2 PBT20.5621.85 -6 NP15.7330.25 -48

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PTL Enterprises standalone net profit declines 0.14% in the June 2017 quarter
Aug 03,2017

Net profit of PTL Enterprises declined 0.14% to Rs 7.37 crore in the quarter ended June 2017 as against Rs 7.38 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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V I P Industries standalone net profit rises 27.34% in the June 2017 quarter
Aug 03,2017

Net profit of V I P Industries rose 27.34% to Rs 37.82 crore in the quarter ended June 2017 as against Rs 29.70 crore during the previous quarter ended June 2016. Sales rose 8.97% to Rs 399.82 crore in the quarter ended June 2017 as against Rs 366.92 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales399.82366.92 9 OPM %14.3212.90 - PBDT59.6948.80 22 PBT57.1645.53 26 NP37.8229.70 27

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The Ramco Cements standalone net profit declines 0.08% in the June 2017 quarter
Aug 03,2017

Net profit of The Ramco Cements declined 0.08% to Rs 155.81 crore in the quarter ended June 2017 as against Rs 155.93 crore during the previous quarter ended June 2016. Sales rose 5.06% to Rs 990.54 crore in the quarter ended June 2017 as against Rs 942.80 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales990.54942.80 5 OPM %29.3231.45 - PBDT280.23276.93 1 PBT208.23210.61 -1 NP155.81155.93 0

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Cummins India standalone net profit rises 22.62% in the June 2017 quarter
Aug 03,2017

Net profit of Cummins India rose 22.62% to Rs 222.16 crore in the quarter ended June 2017 as against Rs 181.18 crore during the previous quarter ended June 2016. Sales rose 6.57% to Rs 1309.13 crore in the quarter ended June 2017 as against Rs 1228.41 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1309.131228.41 7 OPM %14.9216.80 - PBDT249.40245.79 1 PBT228.56225.19 1 NP222.16181.18 23

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Colgate-Palmolive (India) standalone net profit rises 8.48% in the June 2017 quarter
Aug 03,2017

Net profit of Colgate-Palmolive (India) rose 8.48% to Rs 136.38 crore in the quarter ended June 2017 as against Rs 125.72 crore during the previous quarter ended June 2016. Sales declined 3.60% to Rs 969.43 crore in the quarter ended June 2017 as against Rs 1005.59 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales969.431005.59 -4 OPM %22.8821.01 - PBDT234.27221.35 6 PBT196.98189.71 4 NP136.38125.72 8

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Bajaj Electricals standalone net profit declines 10.36% in the June 2017 quarter
Aug 03,2017

Net profit of Bajaj Electricals declined 10.36% to Rs 20.50 crore in the quarter ended June 2017 as against Rs 22.87 crore during the previous quarter ended June 2016. Sales rose 7.31% to Rs 1017.64 crore in the quarter ended June 2017 as against Rs 948.29 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1017.64948.29 7 OPM %4.445.95 - PBDT40.7343.39 -6 PBT32.7536.72 -11 NP20.5022.87 -10

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Kirloskar Ferrous Industries standalone net profit declines 96.75% in the June 2017 quarter
Aug 03,2017

Net profit of Kirloskar Ferrous Industries declined 96.75% to Rs 1.23 crore in the quarter ended June 2017 as against Rs 37.81 crore during the previous quarter ended June 2016. Sales rose 12.12% to Rs 377.22 crore in the quarter ended June 2017 as against Rs 336.43 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales377.22336.43 12 OPM %4.2820.13 - PBDT14.0666.74 -79 PBT1.5554.80 -97 NP1.2337.81 -97

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Entertainment Network (India) consolidated net profit declines 72.57% in the June 2017 quarter
Aug 03,2017

Net profit of Entertainment Network (India) declined 72.57% to Rs 4.57 crore in the quarter ended June 2017 as against Rs 16.66 crore during the previous quarter ended June 2016. Sales declined 9.56% to Rs 98.67 crore in the quarter ended June 2017 as against Rs 109.10 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales98.67109.10 -10 OPM %16.9126.98 - PBDT18.3232.92 -44 PBT2.6724.45 -89 NP4.5716.66 -73

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Tejas Networks reports consolidated net profit of Rs 20.44 crore in the June 2017 quarter
Aug 03,2017

Net profit of Tejas Networks reported to Rs 20.44 crore in the quarter ended June 2017 as against net loss of Rs 1.76 crore during the previous quarter ended June 2016. Sales rose 46.47% to Rs 201.67 crore in the quarter ended June 2017 as against Rs 137.69 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales201.67137.69 46 OPM %22.3116.43 - PBDT42.6712.86 232 PBT25.81-1.76 LP NP20.44-1.76 LP

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Tejas Networks reports standalone net profit of Rs 20.20 crore in the June 2017 quarter
Aug 03,2017

Net profit of Tejas Networks reported to Rs 20.20 crore in the quarter ended June 2017 as against net loss of Rs 1.37 crore during the previous quarter ended June 2016. Sales rose 46.87% to Rs 200.10 crore in the quarter ended June 2017 as against Rs 136.24 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales200.10136.24 47 OPM %22.3517.70 - PBDT42.4313.25 220 PBT25.57-1.37 LP NP20.20-1.37 LP

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