My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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.

Powered by Capital Market - Live News

Starlog Enterprises reports standalone net loss of Rs 7.21 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Starlog Enterprises reported to Rs 7.21 crore in the quarter ended September 2016 as against net loss of Rs 1.73 crore during the previous quarter ended September 2015. Sales declined 31.66% to Rs 14.53 crore in the quarter ended September 2016 as against Rs 21.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.5321.26 -32 OPM %42.0549.39 - PBDT-1.623.05 PL PBT-7.21-2.83 -155 NP-7.21-1.73 -317

Powered by Capital Market - Live News

Golkunda Diamonds & Jewellery standalone net profit declines 71.43% in the September 2016 quarter
Nov 12,2016

Net profit of Golkunda Diamonds & Jewellery declined 71.43% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.91 crore during the previous quarter ended September 2015. Sales declined 21.62% to Rs 22.69 crore in the quarter ended September 2016 as against Rs 28.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.6928.95 -22 OPM %4.809.12 - PBDT0.441.45 -70 PBT0.371.38 -73 NP0.260.91 -71

Powered by Capital Market - Live News

Gujchem Distillers India reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Gujchem Distillers India reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.09 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.

Powered by Capital Market - Live News

Disa India standalone net profit declines 61.72% in the September 2016 quarter
Nov 12,2016

Net profit of Disa India declined 61.72% to Rs 1.47 crore in the quarter ended September 2016 as against Rs 3.84 crore during the previous quarter ended September 2015. Sales declined 38.14% to Rs 28.21 crore in the quarter ended September 2016 as against Rs 45.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.2145.60 -38 OPM %5.6711.73 - PBDT2.806.67 -58 PBT2.255.89 -62 NP1.473.84 -62

Powered by Capital Market - Live News

Milkfood standalone net profit rises 76.19% in the September 2016 quarter
Nov 12,2016

Net profit of Milkfood rose 76.19% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 3.25% to Rs 46.66 crore in the quarter ended September 2016 as against Rs 45.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.6645.19 3 OPM %13.2011.22 - PBDT2.901.90 53 PBT0.370.21 76 NP0.370.21 76

Powered by Capital Market - Live News

Board of Urja Global take note of order received from PEC
Nov 12,2016

The Board of Urja Global took note of the Letter of Allocation that the Company has received from PEC (A Government of India undertaking) for installation of Grid Connected Solar Roof - Top Power Plant at various sites in the States of Punjab, Rajasthan, Haryana, Bihar and Jharkhand aggregating 1 MW.

Powered by Capital Market - Live News

Mercator announces resignation of Group CFO
Nov 12,2016

Mercator announced that Kishor Shah has tendered his resignation from the office of Group Chief Financial Officer with immediate effect i.e. 12 November 2016.

Prasad Patwardhan will continue to serve as Chief Financial Officer of the Company.

Powered by Capital Market - Live News

Ansal Buildwell reports standalone net loss of Rs 2.66 crore in the September 2016 quarter
Nov 12,2016

Net loss of Ansal Buildwell reported to Rs 2.66 crore in the quarter ended September 2016 as against net profit of Rs 0.14 crore during the previous quarter ended September 2015. Sales declined 47.41% to Rs 5.79 crore in the quarter ended September 2016 as against Rs 11.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.7911.01 -47 OPM %-0.527.18 - PBDT-2.380.56 PL PBT-2.690.20 PL NP-2.660.14 PL

Powered by Capital Market - Live News

Ansal Buildwell reports standalone net loss of Rs 2.66 crore in the September 2016 quarter
Nov 12,2016

Net loss of Ansal Buildwell reported to Rs 2.66 crore in the quarter ended September 2016 as against net profit of Rs 0.14 crore during the previous quarter ended September 2015. Sales declined 47.41% to Rs 5.79 crore in the quarter ended September 2016 as against Rs 11.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.7911.01 -47 OPM %-0.527.18 - PBDT-2.380.56 PL PBT-2.690.20 PL NP-2.660.14 PL

Powered by Capital Market - Live News

Kaira Can Company standalone net profit rises 164.52% in the September 2016 quarter
Nov 12,2016

Net profit of Kaira Can Company rose 164.52% to Rs 0.82 crore in the quarter ended September 2016 as against Rs 0.31 crore during the previous quarter ended September 2015. Sales rose 6.06% to Rs 31.16 crore in the quarter ended September 2016 as against Rs 29.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales31.1629.38 6 OPM %8.225.99 - PBDT2.231.32 69 PBT1.140.40 185 NP0.820.31 165

Powered by Capital Market - Live News

Windsor Machines standalone net profit rises 80.00% in the September 2016 quarter
Nov 12,2016

Net profit of Windsor Machines rose 80.00% to Rs 3.78 crore in the quarter ended September 2016 as against Rs 2.10 crore during the previous quarter ended September 2015. Sales rose 32.48% to Rs 78.36 crore in the quarter ended September 2016 as against Rs 59.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales78.3659.15 32 OPM %13.266.61 - PBDT7.225.46 32 PBT6.054.52 34 NP3.782.10 80

Powered by Capital Market - Live News

Cochin Malabar Estates & Industries reports standalone net loss of Rs 0.12 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Cochin Malabar Estates & Industries reported to Rs 0.12 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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.

Powered by Capital Market - Live News

NCL Industries standalone net profit declines 20.40% in the September 2016 quarter
Nov 12,2016

Net profit of NCL Industries declined 20.40% to Rs 12.06 crore in the quarter ended September 2016 as against Rs 15.15 crore during the previous quarter ended September 2015. Sales rose 9.14% to Rs 184.53 crore in the quarter ended September 2016 as against Rs 169.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales184.53169.07 9 OPM %15.0119.10 - PBDT19.8825.28 -21 PBT13.4619.12 -30 NP12.0615.15 -20

Powered by Capital Market - Live News

Jaykay Enterprises standalone net profit declines 28.00% in the September 2016 quarter
Nov 12,2016

Net profit of Jaykay Enterprises declined 28.00% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.25 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.

Powered by Capital Market - Live News

Renaissance Jewellery consolidated net profit declines 0.66% in the September 2016 quarter
Nov 12,2016

Net profit of Renaissance Jewellery declined 0.66% to Rs 9.05 crore in the quarter ended September 2016 as against Rs 9.11 crore during the previous quarter ended September 2015. Sales declined 5.58% to Rs 285.92 crore in the quarter ended September 2016 as against Rs 302.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales285.92302.81 -6 OPM %5.684.74 - PBDT14.9012.27 21 PBT11.068.97 23 NP9.059.11 -1

Powered by Capital Market - Live News