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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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Ceejay Finance standalone net profit rises 26.09% in the September 2016 quarter
Nov 14,2016

Net profit of Ceejay Finance rose 26.09% to Rs 1.16 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015. Sales rose 17.35% to Rs 3.45 crore in the quarter ended September 2016 as against Rs 2.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.452.94 17 OPM %67.5464.29 - PBDT1.771.41 26 PBT1.731.38 25 NP1.160.92 26

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Tinna Rubber & Infrastructure reports standalone net loss of Rs 2.72 crore in the September 2016 quarter
Nov 14,2016

Net loss of Tinna Rubber & Infrastructure reported to Rs 2.72 crore in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 45.82% to Rs 12.18 crore in the quarter ended September 2016 as against Rs 22.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.1822.48 -46 OPM %-4.2716.73 - PBDT-2.691.74 PL PBT-4.280.07 PL NP-2.720.02 PL

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Acknit Industries standalone net profit declines 7.84% in the September 2016 quarter
Nov 14,2016

Net profit of Acknit Industries declined 7.84% to Rs 0.94 crore in the quarter ended September 2016 as against Rs 1.02 crore during the previous quarter ended September 2015. Sales declined 4.62% to Rs 37.15 crore in the quarter ended September 2016 as against Rs 38.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.1538.95 -5 OPM %6.167.24 - PBDT1.911.96 -3 PBT1.441.53 -6 NP0.941.02 -8

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Lords Ishwar Hotels reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Lords Ishwar Hotels reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 6.93% to Rs 1.08 crore in the quarter ended September 2016 as against Rs 1.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.081.01 7 OPM %8.334.95 - PBDT0.090.05 80 PBT-0.01-0.10 90 NP-0.01-0.10 90

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Gujarat Craft Industries standalone net profit rises 17.86% in the September 2016 quarter
Nov 14,2016

Net profit of Gujarat Craft Industries rose 17.86% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015. Sales declined 27.58% to Rs 18.83 crore in the quarter ended September 2016 as against Rs 26.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.8326.00 -28 OPM %4.896.42 - PBDT0.960.93 3 PBT0.520.50 4 NP0.330.28 18

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IM+ Capitals standalone net profit rises 500.00% in the September 2016 quarter
Nov 14,2016

Net profit of IM+ Capitals rose 500.00% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 207.14% to Rs 2.15 crore in the quarter ended September 2016 as against Rs 0.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.150.70 207 OPM %5.127.14 - PBDT0.370.05 640 PBT0.350.05 600 NP0.240.04 500

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Bhartiya International standalone net profit rises 5.08% in the September 2016 quarter
Nov 14,2016

Net profit of Bhartiya International rose 5.08% to Rs 6.21 crore in the quarter ended September 2016 as against Rs 5.91 crore during the previous quarter ended September 2015. Sales declined 2.75% to Rs 136.42 crore in the quarter ended September 2016 as against Rs 140.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales136.42140.28 -3 OPM %9.748.83 - PBDT10.279.83 4 PBT9.068.73 4 NP6.215.91 5

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Bhandari Hosiery Exports standalone net profit declines 41.18% in the September 2016 quarter
Nov 14,2016

Net profit of Bhandari Hosiery Exports declined 41.18% to Rs 1.20 crore in the quarter ended September 2016 as against Rs 2.04 crore during the previous quarter ended September 2015. Sales rose 13.37% to Rs 60.54 crore in the quarter ended September 2016 as against Rs 53.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.5453.40 13 OPM %6.039.61 - PBDT2.043.32 -39 PBT1.302.59 -50 NP1.202.04 -41

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Asian Fertilizers standalone net profit declines 50.00% in the September 2016 quarter
Nov 14,2016

Net profit of Asian Fertilizers declined 50.00% to Rs 0.27 crore in the quarter ended September 2016 as against Rs 0.54 crore during the previous quarter ended September 2015. Sales declined 30.99% to Rs 12.58 crore in the quarter ended September 2016 as against Rs 18.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.5818.23 -31 OPM %7.876.47 - PBDT0.440.69 -36 PBT0.350.62 -44 NP0.270.54 -50

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Som Distilleries & Breweries standalone net profit declines 20.00% in the September 2016 quarter
Nov 14,2016

Net profit of Som Distilleries & Breweries declined 20.00% to Rs 2.76 crore in the quarter ended September 2016 as against Rs 3.45 crore during the previous quarter ended September 2015. Sales rose 7.20% to Rs 47.02 crore in the quarter ended September 2016 as against Rs 43.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.0243.86 7 OPM %17.3518.03 - PBDT5.106.13 -17 PBT4.145.15 -20 NP2.763.45 -20

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Blue Pearl Texspin reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net profit of Blue Pearl Texspin reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales declined 16.67% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.050.06 -17 OPM %20.000 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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Veerhealth Care reports standalone net profit of Rs 0.08 crore in the September 2016 quarter
Nov 14,2016

Net profit of Veerhealth Care reported to Rs 0.08 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 62.67% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.280.75 -63 OPM %39.294.00 - PBDT0.140.05 180 PBT0.08-0.02 LP NP0.08-0.02 LP

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Porwal Auto Components standalone net profit rises 130.00% in the September 2016 quarter
Nov 14,2016

Net profit of Porwal Auto Components rose 130.00% to Rs 1.15 crore in the quarter ended September 2016 as against Rs 0.50 crore during the previous quarter ended September 2015. Sales rose 18.40% to Rs 22.78 crore in the quarter ended September 2016 as against Rs 19.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.7819.24 18 OPM %9.929.93 - PBDT2.011.42 42 PBT1.150.50 130 NP1.150.50 130

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Board of Sunitee Chemicals appoints directors
Nov 14,2016

The Board of Sunitee Chemicals approved the appointment of Chetan Nagraj Bafna and Sandeep Mahendra Shah as additional Directors of the Company with effect from 14 November 2016.

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Sai Capital reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Sai Capital reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales reported to Rs -0.05 crore in the quarter ended September 2016 as against Rs -0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales-0.05-0.06 17 OPM %120.00116.67 - PBDT-0.06-0.07 14 PBT-0.06-0.07 14 NP-0.06-0.07 14

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