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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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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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DQ Entertainment International reports standalone net loss of Rs 22.71 crore in the September 2016 quarter
Nov 14,2016

Net loss of DQ Entertainment International reported to Rs 22.71 crore in the quarter ended September 2016 as against net profit of Rs 15.90 crore during the previous quarter ended September 2015. Sales declined 48.56% to Rs 20.68 crore in the quarter ended September 2016 as against Rs 40.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.6840.20 -49 OPM %4.4544.63 - PBDT-13.8314.65 PL PBT-22.558.23 PL NP-22.7115.90 PL

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Abhishek Infraventures reports standalone nil net profit/loss in the September 2016 quarter
Nov 14,2016

Abhishek Infraventures reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 185.51% to Rs 1.97 crore in the quarter ended September 2016 as against Rs 0.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.970.69 186 OPM %01.45 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Prakash Steelage reports standalone net loss of Rs 20.15 crore in the September 2016 quarter
Nov 14,2016

Net loss of Prakash Steelage reported to Rs 20.15 crore in the quarter ended September 2016 as against net profit of Rs 10.11 crore during the previous quarter ended September 2015. Sales declined 50.26% to Rs 33.07 crore in the quarter ended September 2016 as against Rs 66.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales33.0766.49 -50 OPM %-17.9912.50 - PBDT-13.852.30 PL PBT-14.760.36 PL NP-20.1510.11 PL

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Nitesh Estates reports standalone net loss of Rs 13.06 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Nitesh Estates reported to Rs 13.06 crore in the quarter ended September 2016 as against net loss of Rs 6.33 crore during the previous quarter ended September 2015. Sales rose 188.25% to Rs 28.71 crore in the quarter ended September 2016 as against Rs 9.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.719.96 188 OPM %-26.05-20.88 - PBDT-13.42-6.40 -110 PBT-13.59-6.59 -106 NP-13.06-6.33 -106

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KNR Constructions standalone net profit declines 22.25% in the September 2016 quarter
Nov 14,2016

Net profit of KNR Constructions declined 22.25% to Rs 43.93 crore in the quarter ended September 2016 as against Rs 56.50 crore during the previous quarter ended September 2015. Sales rose 70.80% to Rs 363.24 crore in the quarter ended September 2016 as against Rs 212.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales363.24212.67 71 OPM %15.4118.44 - PBDT63.6445.24 41 PBT49.0134.68 41 NP43.9356.50 -22

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Autoline Industries reports standalone net loss of Rs 14.04 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Autoline Industries reported to Rs 14.04 crore in the quarter ended September 2016 as against net loss of Rs 14.26 crore during the previous quarter ended September 2015. Sales rose 22.77% to Rs 94.46 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. Sales94.4676.94 23 OPM %0.44-1.73 - PBDT-8.09-8.08 0 PBT-14.04-14.26 2 NP-14.04-14.26 2

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L T Foods standalone net profit rises 20.28% in the September 2016 quarter
Nov 14,2016

Net profit of L T Foods rose 20.28% to Rs 8.48 crore in the quarter ended September 2016 as against Rs 7.05 crore during the previous quarter ended September 2015. Sales rose 11.26% to Rs 512.98 crore in the quarter ended September 2016 as against Rs 461.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales512.98461.05 11 OPM %8.798.97 - PBDT20.2518.35 10 PBT14.1711.07 28 NP8.487.05 20

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Shivam Autotech standalone net profit declines 69.08% in the September 2016 quarter
Nov 14,2016

Net profit of Shivam Autotech declined 69.08% to Rs 0.94 crore in the quarter ended September 2016 as against Rs 3.04 crore during the previous quarter ended September 2015. Sales rose 21.77% to Rs 117.01 crore in the quarter ended September 2016 as against Rs 96.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales117.0196.09 22 OPM %13.8415.92 - PBDT9.4110.45 -10 PBT1.463.59 -59 NP0.943.04 -69

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Shiv Om Invesment & Consultancy reports standalone net loss of Rs 0.76 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Shiv Om Invesment & Consultancy reported to Rs 0.76 crore in the quarter ended September 2016 as against net loss of Rs 1.03 crore during the previous quarter ended September 2015. Sales rose 73.17% to Rs 0.71 crore in the quarter ended September 2016 as against Rs 0.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.710.41 73 OPM %94.3795.12 - PBDT0.630.36 75 PBT-0.76-1.03 26 NP-0.76-1.03 26

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Impex Ferro Tech reports standalone net loss of Rs 2.34 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Impex Ferro Tech reported to Rs 2.34 crore in the quarter ended September 2016 as against net loss of Rs 14.05 crore during the previous quarter ended September 2015. Sales declined 61.40% to Rs 27.49 crore in the quarter ended September 2016 as against Rs 71.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.4971.21 -61 OPM %-30.48-5.62 - PBDT-0.41-12.26 97 PBT-2.34-14.05 83 NP-2.34-14.05 83

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