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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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Mohit Industries reports consolidated net profit of Rs 0.76 crore in the September 2016 quarter
Nov 14,2016

Net profit of Mohit Industries reported to Rs 0.76 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 18.74% to Rs 40.17 crore in the quarter ended September 2016 as against Rs 33.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.1733.83 19 OPM %7.495.88 - PBDT1.810.52 248 PBT0.75-0.48 LP NP0.76-0.42 LP

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Godrej Industries consolidated net profit rises 53.73% in the September 2016 quarter
Nov 14,2016

Net profit of Godrej Industries rose 53.73% to Rs 80.80 crore in the quarter ended September 2016 as against Rs 52.56 crore during the previous quarter ended September 2015. Sales declined 16.78% to Rs 2182.68 crore in the quarter ended September 2016 as against Rs 2622.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2182.682622.82 -17 OPM %7.557.45 - PBDT119.40148.09 -19 PBT83.92121.74 -31 NP80.8052.56 54

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Taaza International reports consolidated nil net profit/loss in the September 2016 quarter
Nov 14,2016

Taaza International reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.53 crore during the previous quarter ended September 2015. Sales declined 37.77% to Rs 36.52 crore in the quarter ended September 2016 as against Rs 58.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.5258.69 -38 OPM %2.632.56 - PBDT0.040.60 -93 PBT00.54 -100 NP00.53 -100

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Advanced Enzyme Technologies consolidated net profit rises 99.79% in the September 2016 quarter
Nov 14,2016

Net profit of Advanced Enzyme Technologies rose 99.79% to Rs 28.91 crore in the quarter ended September 2016 as against Rs 14.47 crore during the previous quarter ended September 2015. Sales rose 28.85% to Rs 90.80 crore in the quarter ended September 2016 as against Rs 70.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales90.8070.47 29 OPM %53.0739.19 - PBDT47.8625.25 90 PBT45.0923.27 94 NP28.9114.47 100

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Goldiam International consolidated net profit rises 69.72% in the September 2016 quarter
Nov 14,2016

Net profit of Goldiam International rose 69.72% to Rs 7.79 crore in the quarter ended September 2016 as against Rs 4.59 crore during the previous quarter ended September 2015. Sales declined 11.68% to Rs 69.46 crore in the quarter ended September 2016 as against Rs 78.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales69.4678.65 -12 OPM %11.075.09 - PBDT11.346.56 73 PBT10.735.91 82 NP7.794.59 70

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Crane Infrastructure reports standalone net profit of Rs 0.08 crore in the September 2016 quarter
Nov 14,2016

Net profit of Crane Infrastructure remain constant at Rs 0.08 crore in the quarter ended September 2016 and also 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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Advanced Enzyme Technologies standalone net profit rises 349.52% in the September 2016 quarter
Nov 14,2016

Net profit of Advanced Enzyme Technologies rose 349.52% to Rs 9.35 crore in the quarter ended September 2016 as against Rs 2.08 crore during the previous quarter ended September 2015. Sales rose 14.03% to Rs 41.20 crore in the quarter ended September 2016 as against Rs 36.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.2036.13 14 OPM %33.0816.05 - PBDT14.234.41 223 PBT12.162.61 366 NP9.352.08 350

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Visagar Polytex standalone net profit declines 94.92% in the September 2016 quarter
Nov 14,2016

Net profit of Visagar Polytex declined 94.92% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 1.18 crore during the previous quarter ended September 2015. Sales rose 14.06% to Rs 25.64 crore in the quarter ended September 2016 as against Rs 22.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales25.6422.48 14 OPM %5.076.85 - PBDT0.961.18 -19 PBT0.061.18 -95 NP0.061.18 -95

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Inducto Steel reports standalone net loss of Rs 1.27 crore in the September 2016 quarter
Nov 14,2016

Net loss of Inducto Steel reported to Rs 1.27 crore in the quarter ended September 2016 as against net profit of Rs 0.68 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 12.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales012.50 -100 OPM %0-8.16 - PBDT-1.861.05 PL PBT-1.901.01 PL NP-1.270.68 PL

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Sunshine Capital standalone net profit declines 4.17% in the September 2016 quarter
Nov 14,2016

Net profit of Sunshine Capital declined 4.17% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015. Sales rose 10.71% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.310.28 11 OPM %74.1985.71 - PBDT0.230.24 -4 PBT0.230.24 -4 NP0.230.24 -4

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Sunil Agro Foods standalone net profit declines 16.67% in the September 2016 quarter
Nov 14,2016

Net profit of Sunil Agro Foods declined 16.67% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 17.68% to Rs 30.55 crore in the quarter ended September 2016 as against Rs 25.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.5525.96 18 OPM %1.542.47 - PBDT0.450.42 7 PBT0.150.17 -12 NP0.100.12 -17

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ISF reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net profit of ISF 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. Sales rose 28.00% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.25 28 OPM %34.3828.00 - PBDT0.03-0.02 LP PBT0.03-0.02 LP NP0.010 0

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N K Industries reports standalone net loss of Rs 2.89 crore in the September 2016 quarter
Nov 14,2016

Net Loss of N K Industries reported to Rs 2.89 crore in the quarter ended September 2016 as against net loss of Rs 3.66 crore during the previous quarter ended September 2015. Sales rose 10.25% to Rs 24.31 crore in the quarter ended September 2016 as against Rs 22.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.3122.05 10 OPM %0.49-3.22 - PBDT0.19-0.52 LP PBT-2.89-3.66 21 NP-2.89-3.66 21

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Shree Rajeshwaranand Paper Mills reports standalone net profit of Rs 0.42 crore in the September 2016 quarter
Nov 14,2016

Net profit of Shree Rajeshwaranand Paper Mills reported to Rs 0.42 crore in the quarter ended September 2016 as against net loss of Rs 0.91 crore during the previous quarter ended September 2015. Sales rose 1.68% to Rs 28.48 crore in the quarter ended September 2016 as against Rs 28.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.4828.01 2 OPM %13.2411.46 - PBDT2.110.68 210 PBT0.42-0.91 LP NP0.42-0.91 LP

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Innovation Software Exports reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Innovation Software Exports reported to Rs 0.01 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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