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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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Panama Petrochem consolidated net profit rises 71.99% in the September 2016 quarter
Nov 12,2016

Net profit of Panama Petrochem rose 71.99% to Rs 9.70 crore in the quarter ended September 2016 as against Rs 5.64 crore during the previous quarter ended September 2015. Sales rose 0.86% to Rs 193.34 crore in the quarter ended September 2016 as against Rs 191.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales193.34191.70 1 OPM %9.546.11 - PBDT16.639.61 73 PBT15.418.47 82 NP9.705.64 72

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Rollatainers reports consolidated net loss of Rs 8.32 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Rollatainers reported to Rs 8.32 crore in the quarter ended September 2016 as against net loss of Rs 2.76 crore during the previous quarter ended September 2015. Sales rose 54.72% to Rs 38.54 crore in the quarter ended September 2016 as against Rs 24.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales38.5424.91 55 OPM %-10.35-6.74 - PBDT-3.91-1.63 -140 PBT-8.86-2.76 -221 NP-8.32-2.76 -201

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Grandeur Products reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 12,2016

Net loss of Grandeur Products reported to Rs 0.06 crore in the quarter ended September 2016 as against net profit of Rs 0.05 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 8.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales08.63 -100 OPM %00.81 - PBDT-0.060.07 PL PBT-0.060.07 PL NP-0.060.05 PL

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Vardhman Special Steels standalone net profit rises 1541.03% in the September 2016 quarter
Nov 12,2016

Net profit of Vardhman Special Steels rose 1541.03% to Rs 6.40 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015. Sales rose 1.29% to Rs 169.23 crore in the quarter ended September 2016 as against Rs 167.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales169.23167.07 1 OPM %9.965.29 - PBDT10.904.53 141 PBT6.400.39 1541 NP6.400.39 1541

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POCL Enterprises standalone net profit rises 2966.67% in the September 2016 quarter
Nov 12,2016

Net profit of POCL Enterprises rose 2966.67% to Rs 1.84 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 52.51% to Rs 74.79 crore in the quarter ended September 2016 as against Rs 49.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales74.7949.04 53 OPM %3.662.77 - PBDT1.580.31 410 PBT1.340.09 1389 NP1.840.06 2967

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Mahaveer Infoway standalone net profit declines 50.00% in the September 2016 quarter
Nov 12,2016

Net profit of Mahaveer Infoway declined 50.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 35.69% to Rs 3.19 crore in the quarter ended September 2016 as against Rs 4.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.194.96 -36 OPM %4.086.05 - PBDT0.030.03 0 PBT0.010.02 -50 NP0.010.02 -50

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Landmark Property Development Company standalone net profit declines 38.89% in the September 2016 quarter
Nov 12,2016

Net profit of Landmark Property Development Company declined 38.89% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015. Sales rose 4.69% to Rs 0.67 crore in the quarter ended September 2016 as against Rs 0.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.670.64 5 OPM %4.486.25 - PBDT0.120.20 -40 PBT0.120.20 -40 NP0.110.18 -39

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Rupa & Company standalone net profit declines 27.02% in the September 2016 quarter
Nov 12,2016

Net profit of Rupa & Company declined 27.02% to Rs 21.23 crore in the quarter ended September 2016 as against Rs 29.09 crore during the previous quarter ended September 2015. Sales rose 0.75% to Rs 270.69 crore in the quarter ended September 2016 as against Rs 268.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales270.69268.68 1 OPM %13.9912.94 - PBDT36.4130.25 20 PBT32.6426.66 22 NP21.2329.09 -27

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Blue Chip India reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Blue Chip India reported to Rs 0.10 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales declined 95.12% to Rs 0.02 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. Sales0.020.41 -95 OPM %-450.00-19.51 - PBDT-0.09-0.08 -13 PBT-0.10-0.08 -25 NP-0.10-0.08 -25

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Shreevatsaa Finance & Leasing reports standalone net loss of Rs 0.16 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Shreevatsaa Finance & Leasing reported to Rs 0.16 crore in the quarter ended September 2016 as against net loss of Rs 0.09 crore during the previous quarter ended September 2015. Sales rose 966.67% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.03 967 OPM %-50.00-300.00 - PBDT-0.16-0.09 -78 PBT-0.16-0.09 -78 NP-0.16-0.09 -78

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Shree Mahaganga Sugar Mills reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Shree Mahaganga Sugar Mills reported to Rs 0.03 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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Alankit standalone net profit rises 121.62% in the September 2016 quarter
Nov 12,2016

Net profit of Alankit rose 121.62% to Rs 1.64 crore in the quarter ended September 2016 as against Rs 0.74 crore during the previous quarter ended September 2015. Sales rose 750.23% to Rs 18.62 crore in the quarter ended September 2016 as against Rs 2.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.622.19 750 OPM %16.3851.14 - PBDT3.051.12 172 PBT2.691.04 159 NP1.640.74 122

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Nimbus Industries standalone net profit declines 33.33% in the September 2016 quarter
Nov 12,2016

Net profit of Nimbus Industries declined 33.33% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015. Sales rose 24.80% to Rs 28.53 crore in the quarter ended September 2016 as against Rs 22.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.5322.86 25 OPM %0.631.05 - PBDT0.180.24 -25 PBT0.180.24 -25 NP0.120.18 -33

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Shri Keshav Cements & Infra standalone net profit rises 31.86% in the September 2016 quarter
Nov 12,2016

Net profit of Shri Keshav Cements & Infra rose 31.86% to Rs 1.49 crore in the quarter ended September 2016 as against Rs 1.13 crore during the previous quarter ended September 2015. Sales declined 32.37% to Rs 8.46 crore in the quarter ended September 2016 as against Rs 12.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.4612.51 -32 OPM %34.6324.62 - PBDT2.222.38 -7 PBT1.491.64 -9 NP1.491.13 32

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Trans Financial Resources reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net profit of Trans Financial Resources remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales 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.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.01 100 OPM %50.00100.00 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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