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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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Shaily Engineering Plastics standalone net profit declines 3.14% in the September 2016 quarter
Nov 15,2016

Net profit of Shaily Engineering Plastics declined 3.14% to Rs 4.01 crore in the quarter ended September 2016 as against Rs 4.14 crore during the previous quarter ended September 2015. Sales rose 3.70% to Rs 63.82 crore in the quarter ended September 2016 as against Rs 61.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales63.8261.54 4 OPM %16.5617.83 - PBDT9.328.59 8 PBT6.156.42 -4 NP4.014.14 -3

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Macro International reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net loss of Macro International reported to Rs 0.01 crore in the quarter ended September 2016 as against net profit 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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Arcee Industries reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Arcee Industries reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.12 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.72 -100 OPM %0-9.72 - PBDT-0.11-0.08 -38 PBT-0.15-0.12 -25 NP-0.15-0.12 -25

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Orient Press standalone net profit rises 127.91% in the September 2016 quarter
Nov 15,2016

Net profit of Orient Press rose 127.91% to Rs 0.98 crore in the quarter ended September 2016 as against Rs 0.43 crore during the previous quarter ended September 2015. Sales rose 14.62% to Rs 50.72 crore in the quarter ended September 2016 as against Rs 44.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.7244.25 15 OPM %7.918.41 - PBDT2.952.43 21 PBT1.481.12 32 NP0.980.43 128

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Parichay Investments reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 15,2016

Net loss of Parichay Investments 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. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Apollo Finvest (India) reports standalone nil net profit/loss in the September 2016 quarter
Nov 15,2016

Apollo Finvest (India) reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.22 crore during the previous quarter ended September 2015. Sales declined 31.91% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.47 -32 OPM %40.6353.19 - PBDT0.150.31 -52 PBT0.140.29 -52 NP00.22 -100

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Machino Plastics standalone net profit rises 253.57% in the September 2016 quarter
Nov 15,2016

Net profit of Machino Plastics rose 253.57% to Rs 2.97 crore in the quarter ended September 2016 as against Rs 0.84 crore during the previous quarter ended September 2015. Sales rose 28.58% to Rs 67.03 crore in the quarter ended September 2016 as against Rs 52.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.0352.13 29 OPM %10.138.10 - PBDT6.543.90 68 PBT3.681.32 179 NP2.970.84 254

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Welcast Steels standalone net profit rises 65.22% in the September 2016 quarter
Nov 15,2016

Net profit of Welcast Steels rose 65.22% to Rs 0.38 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 45.56% to Rs 50.48 crore in the quarter ended September 2016 as against Rs 34.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.4834.68 46 OPM %0.991.21 - PBDT0.750.44 70 PBT0.580.22 164 NP0.380.23 65

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DCM reports standalone net loss of Rs 2.82 crore in the September 2016 quarter
Nov 15,2016

Net loss of DCM reported to Rs 2.82 crore in the quarter ended September 2016 as against net profit of Rs 2.64 crore during the previous quarter ended September 2015. Sales rose 43.29% to Rs 200.79 crore in the quarter ended September 2016 as against Rs 140.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales200.79140.13 43 OPM %5.864.86 - PBDT6.774.19 62 PBT-2.68-0.77 -248 NP-2.822.64 PL

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DCM reports consolidated net loss of Rs 3.80 crore in the September 2016 quarter
Nov 15,2016

Net Loss of DCM reported to Rs 3.80 crore in the quarter ended September 2016 as against net loss of Rs 2.25 crore during the previous quarter ended September 2015. Sales declined 4.56% to Rs 201.91 crore in the quarter ended September 2016 as against Rs 211.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales201.91211.55 -5 OPM %5.613.08 - PBDT5.810.84 592 PBT-3.66-8.32 56 NP-3.80-2.25 -69

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Genomic Valley Biotech reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Genomic Valley Biotech reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 150.00% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.100.04 150 OPM %-60.00-350.00 - PBDT-0.05-0.14 64 PBT-0.06-0.15 60 NP-0.06-0.15 60

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Max Heights Infrastructure reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 15,2016

Net loss of Max Heights Infrastructure reported to Rs 0.06 crore in the quarter ended September 2016 as against net profit of Rs 0.30 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.20 -100 OPM %0165.00 - PBDT-0.010.33 PL PBT-0.060.30 PL NP-0.060.30 PL

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Megri Soft standalone net profit declines 74.51% in the September 2016 quarter
Nov 15,2016

Net profit of Megri Soft declined 74.51% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015. Sales declined 44.57% to Rs 0.51 crore in the quarter ended September 2016 as against Rs 0.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.510.92 -45 OPM %27.4550.00 - PBDT0.240.59 -59 PBT0.180.52 -65 NP0.130.51 -75

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Kachchh Minerals reports standalone net loss of Rs 0.19 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Kachchh Minerals reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.14 crore during the previous quarter ended September 2015. Sales declined 83.33% to Rs 0.01 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. Sales0.010.06 -83 OPM %-1700.00-183.33 - PBDT-0.17-0.12 -42 PBT-0.19-0.14 -36 NP-0.19-0.14 -36

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Capfin India reports standalone net profit of Rs 0.07 crore in the September 2016 quarter
Nov 14,2016

Net profit of Capfin India reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.28 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.03 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.03 0 OPM %233.33-933.33 - PBDT0.07-0.28 LP PBT0.07-0.28 LP NP0.07-0.28 LP

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