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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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Valson Industries standalone net profit rises 16.67% in the September 2016 quarter
Nov 14,2016

Net profit of Valson Industries rose 16.67% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.54 crore during the previous quarter ended September 2015. Sales rose 8.33% to Rs 26.01 crore in the quarter ended September 2016 as against Rs 24.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.0124.01 8 OPM %6.846.96 - PBDT1.661.48 12 PBT0.990.79 25 NP0.630.54 17

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Goldiam International standalone net profit rises 123.08% in the September 2016 quarter
Nov 14,2016

Net profit of Goldiam International rose 123.08% to Rs 5.51 crore in the quarter ended September 2016 as against Rs 2.47 crore during the previous quarter ended September 2015. Sales rose 9.96% to Rs 36.55 crore in the quarter ended September 2016 as against Rs 33.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.5533.24 10 OPM %8.455.57 - PBDT7.443.57 108 PBT7.013.09 127 NP5.512.47 123

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United Textiles standalone net profit rises 100.00% in the September 2016 quarter
Nov 14,2016

Net profit of United Textiles rose 100.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 4.33% to Rs 2.65 crore in the quarter ended September 2016 as against Rs 2.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.652.77 -4 OPM %7.176.50 - PBDT0.120.12 0 PBT0.030.01 200 NP0.020.01 100

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Matra Realty reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Matra Realty reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.01 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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Uniroyal Marine Exports standalone net profit declines 73.91% in the September 2016 quarter
Nov 14,2016

Net profit of Uniroyal Marine Exports declined 73.91% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 35.72% to Rs 10.79 crore in the quarter ended September 2016 as against Rs 7.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.797.95 36 OPM %6.8610.69 - PBDT0.200.32 -38 PBT0.060.23 -74 NP0.060.23 -74

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Svam Software standalone net profit declines 25.00% in the September 2016 quarter
Nov 14,2016

Net profit of Svam Software declined 25.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales 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.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.02 50 OPM %-233.33-100.00 - PBDT0.070.08 -13 PBT0.040.06 -33 NP0.030.04 -25

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Godrej Industries reports standalone net loss of Rs 34.97 crore in the September 2016 quarter
Nov 14,2016

Net loss of Godrej Industries reported to Rs 34.97 crore in the quarter ended September 2016 as against net profit of Rs 38.65 crore during the previous quarter ended September 2015. Sales rose 15.06% to Rs 364.26 crore in the quarter ended September 2016 as against Rs 316.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales364.26316.57 15 OPM %4.0315.68 - PBDT-22.63-5.42 -318 PBT-34.97-16.63 -110 NP-34.9738.65 PL

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Stanrose Mafatlal Investment & Finance standalone net profit declines 86.08% in the September 2016 quarter
Nov 14,2016

Net profit of Stanrose Mafatlal Investment & Finance declined 86.08% to Rs 0.44 crore in the quarter ended September 2016 as against Rs 3.16 crore during the previous quarter ended September 2015. Sales declined 70.60% to Rs 1.42 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. Sales1.424.83 -71 OPM %26.7681.99 - PBDT0.383.96 -90 PBT0.283.88 -93 NP0.443.16 -86

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Fomento Resorts & Hotels standalone net profit rises 30.06% in the September 2016 quarter
Nov 14,2016

Net profit of Fomento Resorts & Hotels rose 30.06% to Rs 2.25 crore in the quarter ended September 2016 as against Rs 1.73 crore during the previous quarter ended September 2015. Sales rose 5.10% to Rs 11.74 crore in the quarter ended September 2016 as against Rs 11.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.7411.17 5 OPM %23.4218.89 - PBDT4.093.74 9 PBT3.472.94 18 NP2.251.73 30

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K C P standalone net profit rises 41.39% in the September 2016 quarter
Nov 14,2016

Net profit of K C P rose 41.39% to Rs 7.31 crore in the quarter ended September 2016 as against Rs 5.17 crore during the previous quarter ended September 2015. Sales rose 10.71% to Rs 198.13 crore in the quarter ended September 2016 as against Rs 178.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales198.13178.97 11 OPM %18.7418.67 - PBDT26.2923.23 13 PBT13.3114.16 -6 NP7.315.17 41

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JBM Auto consolidated net profit rises 6.25% in the September 2016 quarter
Nov 14,2016

Net profit of JBM Auto rose 6.25% to Rs 19.03 crore in the quarter ended September 2016 as against Rs 17.91 crore during the previous quarter ended September 2015. Sales rose 9.58% to Rs 414.83 crore in the quarter ended September 2016 as against Rs 378.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales414.83378.56 10 OPM %12.4413.50 - PBDT42.8937.19 15 PBT28.2023.59 20 NP19.0317.91 6

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52 Weeks Entertainment reports consolidated net loss of Rs 4.13 crore in the September 2016 quarter
Nov 14,2016

Net loss of 52 Weeks Entertainment reported to Rs 4.13 crore in the quarter ended September 2016 as against net profit of Rs 0.17 crore during the previous quarter ended September 2015. Sales reported to Rs 7.21 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. Sales7.210 0 OPM %-64.770 - PBDT-4.050.21 PL PBT-4.050.21 PL NP-4.130.17 PL

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Mohit Industries reports consolidated net profit of Rs 0.76 crore in the September 2016 quarter
Nov 14,2016

Net profit of Mohit Industries reported to Rs 0.76 crore in the quarter ended September 2016 as against net loss of Rs 0.42 crore during the previous quarter ended September 2015. Sales rose 18.74% to Rs 40.17 crore in the quarter ended September 2016 as against Rs 33.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.1733.83 19 OPM %7.495.88 - PBDT1.810.52 248 PBT0.75-0.48 LP NP0.76-0.42 LP

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Godrej Industries consolidated net profit rises 53.73% in the September 2016 quarter
Nov 14,2016

Net profit of Godrej Industries rose 53.73% to Rs 80.80 crore in the quarter ended September 2016 as against Rs 52.56 crore during the previous quarter ended September 2015. Sales declined 16.78% to Rs 2182.68 crore in the quarter ended September 2016 as against Rs 2622.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2182.682622.82 -17 OPM %7.557.45 - PBDT119.40148.09 -19 PBT83.92121.74 -31 NP80.8052.56 54

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Taaza International reports consolidated nil net profit/loss in the September 2016 quarter
Nov 14,2016

Taaza International reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.53 crore during the previous quarter ended September 2015. Sales declined 37.77% to Rs 36.52 crore in the quarter ended September 2016 as against Rs 58.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.5258.69 -38 OPM %2.632.56 - PBDT0.040.60 -93 PBT00.54 -100 NP00.53 -100

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