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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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Resurgere Mines & Minerals India reports standalone net loss of Rs 14.63 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Resurgere Mines & Minerals India reported to Rs 14.63 crore in the quarter ended September 2016 as against net loss of Rs 17.49 crore during the previous quarter ended September 2015. There were no Sales reported 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. Sales00.06 -100 OPM %0-1733.33 - PBDT-7.13-7.17 1 PBT-14.62-17.49 16 NP-14.63-17.49 16

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Amba Enterprises standalone net profit rises 84.62% in the September 2016 quarter
Nov 12,2016

Net profit of Amba Enterprises rose 84.62% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.13 crore during the previous quarter ended September 2015. Sales rose 393.80% to Rs 11.95 crore in the quarter ended September 2016 as against Rs 2.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.952.42 394 OPM %2.593.72 - PBDT0.370.21 76 PBT0.350.19 84 NP0.240.13 85

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Wellesley Corporation reports standalone nil net profit/loss in the September 2016 quarter
Nov 12,2016

Wellesley Corporation reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 200.00% to Rs 0.03 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. Sales0.030.01 200 OPM %0-400.00 - PBDT0-0.04 100 PBT0-0.04 100 NP0-0.04 100

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National Plastic Technologies standalone net profit declines 25.00% in the September 2016 quarter
Nov 12,2016

Net profit of National Plastic Technologies declined 25.00% to Rs 0.48 crore in the quarter ended September 2016 as against Rs 0.64 crore during the previous quarter ended September 2015. Sales rose 1.23% to Rs 18.92 crore in the quarter ended September 2016 as against Rs 18.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.9218.69 1 OPM %5.396.90 - PBDT0.830.99 -16 PBT0.480.64 -25 NP0.480.64 -25

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Oscar Investments standalone net profit rises 2313.15% in the September 2016 quarter
Nov 12,2016

Net profit of Oscar Investments rose 2313.15% to Rs 124.76 crore in the quarter ended September 2016 as against Rs 5.17 crore during the previous quarter ended September 2015. Sales rose 327.83% to Rs 153.25 crore in the quarter ended September 2016 as against Rs 35.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales153.2535.82 328 OPM %99.1396.26 - PBDT127.238.57 1385 PBT127.168.47 1401 NP124.765.17 2313

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Moongipa Capital Finance standalone net profit rises 1200.00% in the September 2016 quarter
Nov 12,2016

Net profit of Moongipa Capital Finance rose 1200.00% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 6.25% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.150.16 -6 OPM %00 - PBDT0.170.01 1600 PBT0.170.01 1600 NP0.130.01 1200

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Ruia Aquaculture Farms reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 12,2016

Net loss of Ruia Aquaculture Farms reported to Rs 0.04 crore in the quarter ended September 2016. There were no net profit/loss reported 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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Raghuvir Synthetics standalone net profit rises 125.00% in the September 2016 quarter
Nov 12,2016

Net profit of Raghuvir Synthetics rose 125.00% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 37.40% to Rs 8.10 crore in the quarter ended September 2016 as against Rs 12.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.1012.94 -37 OPM %7.165.72 - PBDT0.720.78 -8 PBT0.170.23 -26 NP0.090.04 125

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Pioneer Embroideries standalone net profit declines 96.99% in the September 2016 quarter
Nov 12,2016

Net profit of Pioneer Embroideries declined 96.99% to Rs 1.01 crore in the quarter ended September 2016 as against Rs 33.57 crore during the previous quarter ended September 2015. Sales declined 7.33% to Rs 59.19 crore in the quarter ended September 2016 as against Rs 63.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales59.1963.87 -7 OPM %7.706.83 - PBDT3.0422.90 -87 PBT1.0119.12 -95 NP1.0133.57 -97

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Kajal Synthetics & Silk Mills reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 12,2016

Net profit of Kajal Synthetics & Silk Mills reported to Rs 0.03 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 6200.00% to Rs 0.63 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. Sales0.630.01 6200 OPM %98.410 - PBDT0.040 0 PBT0.040 0 NP0.030 0

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Satyam Silk Mills reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 12,2016

Net profit of Satyam Silk Mills reported to Rs 0.04 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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Satra Properties (India) reports standalone net loss of Rs 3.96 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Satra Properties (India) reported to Rs 3.96 crore in the quarter ended September 2016 as against net loss of Rs 14.77 crore during the previous quarter ended September 2015. Sales declined 76.58% to Rs 3.23 crore in the quarter ended September 2016 as against Rs 13.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.2313.79 -77 OPM %-34.67-85.79 - PBDT-3.64-14.92 76 PBT-3.66-14.95 76 NP-3.96-14.77 73

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Scooters India reports standalone net loss of Rs 3.51 crore in the September 2016 quarter
Nov 12,2016

Net loss of Scooters India reported to Rs 3.51 crore in the quarter ended September 2016 as against net profit of Rs 0.34 crore during the previous quarter ended September 2015. Sales declined 34.11% to Rs 24.67 crore in the quarter ended September 2016 as against Rs 37.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.6737.44 -34 OPM %-15.93-0.48 - PBDT-3.090.82 PL PBT-3.510.34 PL NP-3.510.34 PL

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Twenty First Century Management Services reports consolidated net profit of Rs 8.98 crore in the September 2016 quarter
Nov 12,2016

Net profit of Twenty First Century Management Services reported to Rs 8.98 crore in the quarter ended September 2016 as against net loss of Rs 0.84 crore during the previous quarter ended September 2015. Sales reported to Rs 9.83 crore in the quarter ended September 2016 as against Rs -2.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.83-2.96 LP OPM %99.59114.19 - PBDT9.79-3.38 LP PBT9.68-3.62 LP NP8.98-0.84 LP

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Sintex Industries consolidated net profit rises 13.44% in the September 2016 quarter
Nov 12,2016

Net profit of Sintex Industries rose 13.44% to Rs 164.91 crore in the quarter ended September 2016 as against Rs 145.37 crore during the previous quarter ended September 2015. Sales rose 14.60% to Rs 2261.83 crore in the quarter ended September 2016 as against Rs 1973.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2261.831973.63 15 OPM %18.2516.62 - PBDT342.96273.96 25 PBT247.18203.80 21 NP164.91145.37 13

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