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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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ONGC acquires 80% interest and operatorship rights in Block KGOSN-2001/3
Aug 04,2017

Oil & Natural Gas Corpn has bought 80% Participating Interest(PI) and operatorship in NELP-III Block KG-OSN-2001/3 (n++Blockn++) of Gujarat State Petroleum Corporation (GSPC) in Krishna Godavari Basin offshore. GSPC remains in the Block holding 10% PI which they acquired from the outgoing partner M/s Geo Global Resources and other partner in the block is Jubilant Offshore Drilling with 10% PI.

ONGC and GSPC had entered into a Farm-in- Farm-out Agreement (FIFO) on 10 March, 2017 to firm up the methodology and modus operandi to give effect to this transaction.

Following approval of Government of India for transfer of PI and Operatorship as per provisions of the Production Sharing Contract, ONGC on 04 August 2017 has taken over the Block against a purchase consideration of US$ 995.26 million for Deen Dayal West Field in the Block. ONGC has also made an advance payment of US$ 200 million to GSPC in respect of future consideration for six discoveries other than Deen Dayal West Field, which will be adjusted upon valuation of the these discoveries subsequent to approval of their Field Development Plan by Management Committee of the Block.

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Sheela Foam consolidated net profit declines 22.46% in the June 2017 quarter
Aug 04,2017

Net profit of Sheela Foam declined 22.46% to Rs 28.17 crore in the quarter ended June 2017 as against Rs 36.33 crore during the previous quarter ended June 2016. Sales rose 10.23% to Rs 419.47 crore in the quarter ended June 2017 as against Rs 380.54 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales419.47380.54 10 OPM %10.6714.09 - PBDT47.9857.46 -16 PBT40.4550.52 -20 NP28.1736.33 -22

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Arvind consolidated net profit declines 22.56% in the June 2017 quarter
Aug 04,2017

Net profit of Arvind declined 22.56% to Rs 56.75 crore in the quarter ended June 2017 as against Rs 73.28 crore during the previous quarter ended June 2016. Sales rose 17.63% to Rs 2475.03 crore in the quarter ended June 2017 as against Rs 2104.13 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2475.032104.13 18 OPM %8.3611.62 - PBDT163.51174.23 -6 PBT77.19105.15 -27 NP56.7573.28 -23

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Swagtam Trading & Services reports standalone net profit of Rs 0.01 crore in the June 2017 quarter
Aug 04,2017

Net profit of Swagtam Trading & Services reported to Rs 0.01 crore in the quarter ended June 2017 as against net loss of Rs 0.06 crore during the previous quarter ended June 2016. Sales reported to Rs 0.05 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. Sales0.050 0 OPM %-20.000 - PBDT0.01-0.06 LP PBT0.01-0.06 LP NP0.01-0.06 LP

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Sheela Foam standalone net profit declines 7.62% in the June 2017 quarter
Aug 04,2017

Net profit of Sheela Foam declined 7.62% to Rs 27.03 crore in the quarter ended June 2017 as against Rs 29.26 crore during the previous quarter ended June 2016. Sales rose 17.15% to Rs 347.30 crore in the quarter ended June 2017 as against Rs 296.46 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales347.30296.46 17 OPM %11.3814.15 - PBDT44.5546.65 -5 PBT38.7741.39 -6 NP27.0329.26 -8

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Arvind standalone net profit declines 16.13% in the June 2017 quarter
Aug 04,2017

Net profit of Arvind declined 16.13% to Rs 73.34 crore in the quarter ended June 2017 as against Rs 87.45 crore during the previous quarter ended June 2016. Sales rose 10.06% to Rs 1613.36 crore in the quarter ended June 2017 as against Rs 1465.85 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1613.361465.85 10 OPM %11.2714.88 - PBDT150.33171.17 -12 PBT100.01127.64 -22 NP73.3487.45 -16

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Dabur India consolidated net profit declines 9.80% in the June 2017 quarter
Aug 04,2017

Net profit of Dabur India declined 9.80% to Rs 264.86 crore in the quarter ended June 2017 as against Rs 293.64 crore during the previous quarter ended June 2016. Sales declined 8.31% to Rs 1790.06 crore in the quarter ended June 2017 as against Rs 1952.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1790.061952.23 -8 OPM %17.2617.87 - PBDT376.89398.01 -5 PBT337.83363.69 -7 NP264.86293.64 -10

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Aban Offshore reports consolidated net loss of Rs 215.83 crore in the June 2017 quarter
Aug 04,2017

Net Loss of Aban Offshore reported to Rs 215.83 crore in the quarter ended June 2017 as against net loss of Rs 181.76 crore during the previous quarter ended June 2016. Sales declined 9.90% to Rs 433.23 crore in the quarter ended June 2017 as against Rs 480.84 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales433.23480.84 -10 OPM %54.6261.93 - PBDT-32.3233.54 PL PBT-199.95-141.70 -41 NP-215.83-181.76 -19

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Rico Auto Industries consolidated net profit declines 11.24% in the June 2017 quarter
Aug 04,2017

Net profit of Rico Auto Industries declined 11.24% to Rs 14.05 crore in the quarter ended June 2017 as against Rs 15.83 crore during the previous quarter ended June 2016. Sales rose 4.46% to Rs 273.50 crore in the quarter ended June 2017 as against Rs 261.82 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales273.50261.82 4 OPM %10.6412.25 - PBDT30.2331.08 -3 PBT17.1219.63 -13 NP14.0515.83 -11

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Sobha consolidated net profit rises 32.87% in the June 2017 quarter
Aug 04,2017

Net profit of Sobha rose 32.87% to Rs 47.70 crore in the quarter ended June 2017 as against Rs 35.90 crore during the previous quarter ended June 2016. Sales rose 18.38% to Rs 674.90 crore in the quarter ended June 2017 as against Rs 570.10 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales674.90570.10 18 OPM %18.0017.05 - PBDT86.3069.60 24 PBT72.8054.20 34 NP47.7035.90 33

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RPG Life Sciences standalone net profit declines 95.47% in the June 2017 quarter
Aug 04,2017

Net profit of RPG Life Sciences declined 95.47% to Rs 0.43 crore in the quarter ended June 2017 as against Rs 9.49 crore during the previous quarter ended June 2016. Sales declined 4.15% to Rs 76.17 crore in the quarter ended June 2017 as against Rs 79.47 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales76.1779.47 -4 OPM %6.3313.19 - PBDT3.9511.73 -66 PBT0.479.49 -95 NP0.439.49 -95

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Pranavaditya Spinning Mills reports standalone net loss of Rs 0.50 crore in the June 2017 quarter
Aug 04,2017

Net loss of Pranavaditya Spinning Mills reported to Rs 0.50 crore in the quarter ended June 2017 as against net profit of Rs 0.25 crore during the previous quarter ended June 2016. Sales rose 1.23% to Rs 16.45 crore in the quarter ended June 2017 as against Rs 16.25 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales16.4516.25 1 OPM %-2.614.18 - PBDT-0.430.70 PL PBT-0.740.37 PL NP-0.500.25 PL

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JIK Industries reports standalone net loss of Rs 0.27 crore in the June 2017 quarter
Aug 04,2017

Net loss of JIK Industries reported to Rs 0.27 crore in the quarter ended June 2017. There were no net profit/loss reported during the previous quarter ended June 2016. Sales declined 85.71% to Rs 0.08 crore in the quarter ended June 2017 as against Rs 0.56 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.080.56 -86 OPM %-337.505.36 - PBDT-0.270.03 PL PBT-0.270 0 NP-0.270 0

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Brady & Morris Engineering Company standalone net profit rises 166.67% in the June 2017 quarter
Aug 04,2017

Net profit of Brady & Morris Engineering Company rose 166.67% to Rs 0.16 crore in the quarter ended June 2017 as against Rs 0.06 crore during the previous quarter ended June 2016. Sales declined 60.72% to Rs 3.17 crore in the quarter ended June 2017 as against Rs 8.07 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.178.07 -61 OPM %-78.556.82 - PBDT-2.710.30 PL PBT-2.910.06 PL NP0.160.06 167

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Duncan Engineering reports standalone net loss of Rs 0.21 crore in the June 2017 quarter
Aug 04,2017

Net Loss of Duncan Engineering reported to Rs 0.21 crore in the quarter ended June 2017 as against net loss of Rs 1.80 crore during the previous quarter ended June 2016. Sales rose 39.56% to Rs 9.42 crore in the quarter ended June 2017 as against Rs 6.75 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales9.426.75 40 OPM %5.10-17.19 - PBDT0.25-1.35 LP PBT-0.21-1.80 88 NP-0.21-1.80 88

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