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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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Alps Industries reports standalone net loss of Rs 15.34 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Alps Industries reported to Rs 15.34 crore in the quarter ended September 2016 as against net loss of Rs 15.07 crore during the previous quarter ended September 2015. Sales declined 12.02% to Rs 129.49 crore in the quarter ended September 2016 as against Rs 147.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales129.49147.18 -12 OPM %-5.57-3.95 - PBDT-6.88-4.92 -40 PBT-15.34-15.07 -2 NP-15.34-15.07 -2

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Marg reports standalone net loss of Rs 9.63 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Marg reported to Rs 9.63 crore in the quarter ended September 2016 as against net loss of Rs 40.56 crore during the previous quarter ended September 2015. Sales declined 40.40% to Rs 21.92 crore in the quarter ended September 2016 as against Rs 36.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.9236.78 -40 OPM %12.869.84 - PBDT-6.94-37.17 81 PBT-9.62-40.53 76 NP-9.63-40.56 76

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Shri Lakshmi Cotsyn reports standalone net loss of Rs 91.10 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Shri Lakshmi Cotsyn reported to Rs 91.10 crore in the quarter ended September 2016 as against net loss of Rs 71.39 crore during the previous quarter ended September 2015. Sales declined 24.02% to Rs 68.88 crore in the quarter ended September 2016 as against Rs 90.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales68.8890.66 -24 OPM %-5.07-8.98 - PBDT-3.59-42.44 92 PBT-30.80-65.12 53 NP-91.10-71.39 -28

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Ashiana Ispat standalone net profit rises 52.94% in the September 2016 quarter
Nov 15,2016

Net profit of Ashiana Ispat rose 52.94% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales declined 23.20% to Rs 36.09 crore in the quarter ended September 2016 as against Rs 46.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.0946.99 -23 OPM %3.933.21 - PBDT0.820.64 28 PBT0.440.26 69 NP0.260.17 53

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Vasundhara Rasayans standalone net profit rises 163.16% in the September 2016 quarter
Nov 15,2016

Net profit of Vasundhara Rasayans rose 163.16% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 0.19 crore during the previous quarter ended September 2015. Sales declined 30.85% to Rs 3.34 crore in the quarter ended September 2016 as against Rs 4.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.344.83 -31 OPM %14.979.52 - PBDT0.640.33 94 PBT0.500.19 163 NP0.500.19 163

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Kesar Petroproducts standalone net profit rises 79.44% in the September 2016 quarter
Nov 15,2016

Net profit of Kesar Petroproducts rose 79.44% to Rs 5.15 crore in the quarter ended September 2016 as against Rs 2.87 crore during the previous quarter ended September 2015. Sales rose 37.63% to Rs 41.04 crore in the quarter ended September 2016 as against Rs 29.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.0429.82 38 OPM %14.9412.47 - PBDT6.503.78 72 PBT6.353.50 81 NP5.152.87 79

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Jyoti reports standalone net loss of Rs 21.90 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Jyoti reported to Rs 21.90 crore in the quarter ended September 2016 as against net loss of Rs 16.84 crore during the previous quarter ended September 2015. Sales declined 34.50% to Rs 47.93 crore in the quarter ended September 2016 as against Rs 73.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.9373.18 -35 OPM %2.558.19 - PBDT-19.21-13.50 -42 PBT-21.90-16.84 -30 NP-21.90-16.84 -30

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Bank of Baroda spurts after robust Q2 numbers
Nov 15,2016

The result was announced after market hours on Friday, 11 November 2016.

Meanwhile, the BSE Sensex was down 410.69 points, or 1.53%, to 26,408.13.

On BSE, so far 12.96 lakh shares were traded in the counter, compared with average daily volume of 10.87 lakh shares in the past one quarter. The stock hit a high of Rs 175.35 and a low of Rs 166 so far during the day. The stock hit a 52-week high of Rs 182.45 on 30 November 2015. The stock hit a 52-week low of Rs 109.45 on 12 February 2016. The stock had outperformed the market over the past 30 days till 11 November 2016, rising 4.15% compared with the 2.98% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 7.60% as against Sensexs 4.74% decline.

The large-cap state-run bank has equity capital of Rs 460.83 crore. Face value per share is Rs 2.

The banks gross non-performing assets (NPAs) stood at Rs 42949.25 crore as on 30 September 2016 as against Rs 42991.68 crore as on 30 June 2016 and Rs 23710.33 crore as on 30 September 2015.

The ratio of gross NPAs to gross advances stood at 11.35% as on 30 September 2016 as against 11.15% as on 30 June 2016 and 5.56% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 5.46% as on 30 September 2016 as against 5.73% as on 30 June 2016 and 3.08% as on 30 September 2015.

The banks provisions and contingencies (excluding tax provisions) fell 5.07% to Rs 1795.84 crore in Q2 September 2016 over Q2 September 2015.

Provision coverage ratio of the bank was at 62.95% as on 30 September 2016.

Government of India holds 59.23% stake in Bank of Baroda (as on 30 September 2016).

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Magnum Ventures reports standalone net loss of Rs 13.37 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Magnum Ventures reported to Rs 13.37 crore in the quarter ended September 2016 as against net loss of Rs 22.15 crore during the previous quarter ended September 2015. Sales declined 17.13% to Rs 45.56 crore in the quarter ended September 2016 as against Rs 54.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales45.5654.98 -17 OPM %3.69-56.37 - PBDT-7.29-42.74 83 PBT-13.37-48.85 73 NP-13.37-22.15 40

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Malu Paper Mills standalone net profit rises 1314.29% in the September 2016 quarter
Nov 15,2016

Net profit of Malu Paper Mills rose 1314.29% to Rs 0.99 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 17.52% to Rs 65.94 crore in the quarter ended September 2016 as against Rs 56.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales65.9456.11 18 OPM %9.926.63 - PBDT2.601.23 111 PBT1.430.08 1688 NP0.990.07 1314

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Bharati Defence & Infrastructure reports standalone net loss of Rs 88.88 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Bharati Defence & Infrastructure reported to Rs 88.88 crore in the quarter ended September 2016 as against net loss of Rs 69.97 crore during the previous quarter ended September 2015. Sales declined 28.75% to Rs 2.85 crore in the quarter ended September 2016 as against Rs 4.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.854.00 -29 OPM %-1153.68-1147.75 - PBDT-60.96-90.03 32 PBT-76.07-105.02 28 NP-88.88-69.97 -27

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Alps Industries reports consolidated net loss of Rs 15.33 crore in the September 2016 quarter
Nov 15,2016

Net Loss of Alps Industries reported to Rs 15.33 crore in the quarter ended September 2016 as against net loss of Rs 15.11 crore during the previous quarter ended September 2015. Sales declined 11.93% to Rs 129.68 crore in the quarter ended September 2016 as against Rs 147.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales129.68147.25 -12 OPM %-5.53-3.98 - PBDT-6.85-4.95 -38 PBT-15.33-15.13 -1 NP-15.33-15.11 -1

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Shilpi Cable Technologies consolidated net profit rises 100.75% in the September 2016 quarter
Nov 15,2016

Net profit of Shilpi Cable Technologies rose 100.75% to Rs 53.70 crore in the quarter ended September 2016 as against Rs 26.75 crore during the previous quarter ended September 2015. Sales rose 45.60% to Rs 1197.33 crore in the quarter ended September 2016 as against Rs 822.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1197.33822.35 46 OPM %8.737.35 - PBDT74.7636.87 103 PBT72.2734.60 109 NP53.7026.75 101

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Kesar Terminals & Infrastructure standalone net profit rises 1.56% in the September 2016 quarter
Nov 15,2016

Net profit of Kesar Terminals & Infrastructure rose 1.56% to Rs 3.91 crore in the quarter ended September 2016 as against Rs 3.85 crore during the previous quarter ended September 2015. Sales rose 3.38% to Rs 11.31 crore in the quarter ended September 2016 as against Rs 10.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.3110.94 3 OPM %61.4560.88 - PBDT6.546.40 2 PBT6.115.92 3 NP3.913.85 2

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Aunde India standalone net profit declines 76.22% in the September 2016 quarter
Nov 15,2016

Net profit of Aunde India declined 76.22% to Rs 0.39 crore in the quarter ended September 2016 as against Rs 1.64 crore during the previous quarter ended September 2015. Sales declined 8.57% to Rs 30.08 crore in the quarter ended September 2016 as against Rs 32.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.0832.90 -9 OPM %9.18-3.98 - PBDT1.422.75 -48 PBT0.391.64 -76 NP0.391.64 -76

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