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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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Board of GE Power India to consider September quarter results
Nov 14,2016

GE Power India announced that a meeting of the Board of Directors of the Company will be held on 21 November 2016, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30 September 2016.

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Shahi Shipping appoints director
Nov 14,2016

Shahi Shipping announced that as per provisions of the Companies Act, 2013, Chandresh Kumar Mishra has been inducted on the Board of the Company as an additional director w.e.f. 14 November 2016.

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Zenith Exports appoints CEO
Nov 14,2016

Zenith Exports announced that Raj Kumar Loyalka has been appointed as a Chief Executive Officer of the Company in the Board Meeting dated 14 November 2016.

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RPP Infra Projects consolidated net profit rises 5.74% in the September 2016 quarter
Nov 14,2016

Net profit of RPP Infra Projects rose 5.74% to Rs 6.45 crore in the quarter ended September 2016 as against Rs 6.10 crore during the previous quarter ended September 2015. Sales declined 6.72% to Rs 85.74 crore in the quarter ended September 2016 as against Rs 91.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales85.7491.92 -7 OPM %14.7414.38 - PBDT10.168.52 19 PBT9.017.40 22 NP6.456.10 6

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Autoline Industries reports consolidated net loss of Rs 14.21 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Autoline Industries reported to Rs 14.21 crore in the quarter ended September 2016 as against net loss of Rs 14.27 crore during the previous quarter ended September 2015. Sales rose 22.78% to Rs 94.47 crore in the quarter ended September 2016 as against Rs 76.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales94.4776.94 23 OPM %0.21-1.65 - PBDT-8.45-8.08 -5 PBT-14.41-14.29 -1 NP-14.21-14.27 0

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IZMO consolidated net profit declines 83.25% in the September 2016 quarter
Nov 14,2016

Net profit of IZMO declined 83.25% to Rs 0.99 crore in the quarter ended September 2016 as against Rs 5.91 crore during the previous quarter ended September 2015. Sales rose 27.53% to Rs 13.11 crore in the quarter ended September 2016 as against Rs 10.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.1110.28 28 OPM %27.9935.51 - PBDT4.859.91 -51 PBT0.995.91 -83 NP0.995.91 -83

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Shree Ajit Pulp and Paper consolidated net profit declines 57.85% in the September 2016 quarter
Nov 14,2016

Net profit of Shree Ajit Pulp and Paper declined 57.85% to Rs 1.61 crore in the quarter ended September 2016 as against Rs 3.82 crore during the previous quarter ended September 2015. Sales declined 14.73% to Rs 52.87 crore in the quarter ended September 2016 as against Rs 62.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales52.8762.00 -15 OPM %8.9813.16 - PBDT3.497.03 -50 PBT2.095.67 -63 NP1.613.82 -58

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IFGL Refractories consolidated net profit rises 201.86% in the September 2016 quarter
Nov 14,2016

Net profit of IFGL Refractories rose 201.86% to Rs 17.84 crore in the quarter ended September 2016 as against Rs 5.91 crore during the previous quarter ended September 2015. Sales rose 4.48% to Rs 193.17 crore in the quarter ended September 2016 as against Rs 184.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales193.17184.89 4 OPM %15.127.51 - PBDT29.1614.27 104 PBT25.2910.23 147 NP17.845.91 202

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Achal Investments reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net profit of Achal Investments remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 42.86% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.200.35 -43 OPM %5.002.86 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Canopy Finance reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net profit of Canopy Finance reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.22 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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VKJ Infradevelopers standalone net profit declines 66.67% in the September 2016 quarter
Nov 14,2016

Net profit of VKJ Infradevelopers declined 66.67% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales declined 68.66% to Rs 0.42 crore in the quarter ended September 2016 as against Rs 1.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.421.34 -69 OPM %2.384.48 - PBDT0.010.06 -83 PBT0.010.05 -80 NP0.010.03 -67

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IND Renewable Energy reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 14,2016

Net loss of IND Renewable Energy reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.60 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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Five X Finance & Investment reports standalone net loss of Rs 0.63 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Five X Finance & Investment reported to Rs 0.63 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 463.75% to Rs 4.51 crore in the quarter ended September 2016 as against Rs 0.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.510.80 464 OPM %-13.97-1.25 - PBDT-0.63-0.01 -6200 PBT-0.63-0.01 -6200 NP-0.63-0.01 -6200

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RPP Infra Projects standalone net profit rises 17.79% in the September 2016 quarter
Nov 14,2016

Net profit of RPP Infra Projects rose 17.79% to Rs 5.96 crore in the quarter ended September 2016 as against Rs 5.06 crore during the previous quarter ended September 2015. Sales declined 6.72% to Rs 85.74 crore in the quarter ended September 2016 as against Rs 91.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales85.7491.92 -7 OPM %15.2113.54 - PBDT9.658.13 19 PBT8.527.01 22 NP5.965.06 18

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Indo Thai Securities consolidated net profit declines 53.13% in the September 2016 quarter
Nov 14,2016

Net profit of Indo Thai Securities declined 53.13% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.32 crore during the previous quarter ended September 2015. Sales rose 71.31% to Rs 14.87 crore in the quarter ended September 2016 as against Rs 8.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.878.68 71 OPM %-0.81-13.13 - PBDT0.060.39 -85 PBT-0.150.32 PL NP0.150.32 -53

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