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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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SIP Industries reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 12,2016

Net Loss of SIP Industries reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.06 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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Shyamkamal Investments standalone net profit declines 55.36% in the September 2016 quarter
Nov 12,2016

Net profit of Shyamkamal Investments declined 55.36% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.56 crore during the previous quarter ended September 2015. Sales declined 95.77% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 2.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.092.13 -96 OPM %277.7832.86 - PBDT0.250.70 -64 PBT0.250.70 -64 NP0.250.56 -55

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Bhilwara Tex-Fin standalone net profit declines 40.00% in the September 2016 quarter
Nov 12,2016

Net profit of Bhilwara Tex-Fin declined 40.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 9.39% to Rs 1.98 crore in the quarter ended September 2016 as against Rs 1.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.981.81 9 OPM %95.4595.03 - PBDT0.030.05 -40 PBT0.030.05 -40 NP0.030.05 -40

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Alchemist reports standalone net loss of Rs 76.74 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Alchemist reported to Rs 76.74 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 62.00% to Rs 7.29 crore in the quarter ended September 2016 as against Rs 4.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.294.50 62 OPM %-120.99-162.22 - PBDT-7.444.86 PL PBT-9.662.71 PL NP-76.74-0.07 -109529

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Zodiac Clothing Company reports standalone net loss of Rs 1.16 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Zodiac Clothing Company reported to Rs 1.16 crore in the quarter ended September 2016 as against net loss of Rs 2.27 crore during the previous quarter ended September 2015. Sales declined 19.75% to Rs 55.65 crore in the quarter ended September 2016 as against Rs 69.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.6569.35 -20 OPM %-9.70-0.45 - PBDT-5.070.12 PL PBT-7.65-2.40 -219 NP-1.16-2.27 49

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Patel Integrated Logistics standalone net profit rises 31.00% in the September 2016 quarter
Nov 12,2016

Net profit of Patel Integrated Logistics rose 31.00% to Rs 2.62 crore in the quarter ended September 2016 as against Rs 2.00 crore during the previous quarter ended September 2015. Sales declined 5.28% to Rs 123.01 crore in the quarter ended September 2016 as against Rs 129.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales123.01129.87 -5 OPM %4.024.45 - PBDT4.433.87 14 PBT3.402.81 21 NP2.622.00 31

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Emmbi Industries standalone net profit rises 51.82% in the September 2016 quarter
Nov 12,2016

Net profit of Emmbi Industries rose 51.82% to Rs 3.34 crore in the quarter ended September 2016 as against Rs 2.20 crore during the previous quarter ended September 2015. Sales rose 8.76% to Rs 56.64 crore in the quarter ended September 2016 as against Rs 52.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales56.6452.08 9 OPM %12.9611.66 - PBDT5.404.21 28 PBT4.403.33 32 NP3.342.20 52

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Khoobsurat standalone net profit declines 53.33% in the September 2016 quarter
Nov 12,2016

Net profit of Khoobsurat declined 53.33% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 219.23% to Rs 0.83 crore in the quarter ended September 2016 as against Rs 0.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.830.26 219 OPM %8.4357.69 - PBDT0.070.15 -53 PBT0.070.15 -53 NP0.070.15 -53

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Ramkrishna Forgings reports standalone net loss of Rs 4.13 crore in the September 2016 quarter
Nov 12,2016

Net loss of Ramkrishna Forgings reported to Rs 4.13 crore in the quarter ended September 2016 as against net profit of Rs 16.89 crore during the previous quarter ended September 2015. Sales declined 33.51% to Rs 152.14 crore in the quarter ended September 2016 as against Rs 228.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales152.14228.83 -34 OPM %17.6121.12 - PBDT10.7736.78 -71 PBT-6.3624.06 PL NP-4.1316.89 PL

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Naturite Agro Products reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 12,2016

Net profit of Naturite Agro Products reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.42 crore during the previous quarter ended September 2015. Sales rose 66.67% to Rs 1.35 crore in the quarter ended September 2016 as against Rs 0.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.350.81 67 OPM %11.85-50.62 - PBDT0.17-0.41 LP PBT0.15-0.42 LP NP0.03-0.42 LP

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Delma Infrastructure reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Delma Infrastructure reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.15 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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Mudit Finlease reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Mudit Finlease reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 97.19% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 6.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.196.76 -97 OPM %31.580.15 - PBDT0.060.01 500 PBT-0.06-0.06 0 NP-0.05-0.04 -25

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KBS India standalone net profit declines 88.64% in the September 2016 quarter
Nov 12,2016

Net profit of KBS India declined 88.64% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.44 crore during the previous quarter ended September 2015. Sales rose 12.50% to Rs 0.18 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. Sales0.180.16 13 OPM %5.5625.00 - PBDT0.300.24 25 PBT0.290.22 32 NP0.050.44 -89

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Remi Securities reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 12,2016

Net profit of Remi Securities reported to Rs 0.03 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 166.67% to Rs 0.08 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. Sales0.080.03 167 OPM %-3500.00-66.67 - PBDT-0.52-0.12 -333 PBT-0.52-0.12 -333 NP0.03-0.10 LP

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Indian Infotech and Software standalone net profit rises 301.59% in the September 2016 quarter
Nov 12,2016

Net profit of Indian Infotech and Software rose 301.59% to Rs 2.53 crore in the quarter ended September 2016 as against Rs 0.63 crore during the previous quarter ended September 2015. Sales rose 25.67% to Rs 5.14 crore in the quarter ended September 2016 as against Rs 4.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.144.09 26 OPM %49.2216.63 - PBDT2.530.68 272 PBT2.530.67 278 NP2.530.63 302

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