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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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IKAB Securities & Investment standalone net profit rises 180.00% in the September 2016 quarter
Nov 11,2016

Net profit of IKAB Securities & Investment rose 180.00% to Rs 0.14 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 99.21% to Rs 22.63 crore in the quarter ended September 2016 as against Rs 11.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.6311.36 99 OPM %2.650.44 - PBDT0.150.07 114 PBT0.140.05 180 NP0.140.05 180

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Neelamalai Agro Industries standalone net profit declines 33.33% in the September 2016 quarter
Nov 11,2016

Net profit of Neelamalai Agro Industries declined 33.33% to Rs 1.60 crore in the quarter ended September 2016 as against Rs 2.40 crore during the previous quarter ended September 2015. Sales declined 14.94% to Rs 7.46 crore in the quarter ended September 2016 as against Rs 8.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.468.77 -15 OPM %-0.405.82 - PBDT1.952.81 -31 PBT1.602.54 -37 NP1.602.40 -33

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Motor & General Finance reports standalone net profit of Rs 0.35 crore in the September 2016 quarter
Nov 11,2016

Net profit of Motor & General Finance reported to Rs 0.35 crore in the quarter ended September 2016 as against net loss of Rs 0.50 crore during the previous quarter ended September 2015. Sales rose 2.40% to Rs 3.42 crore in the quarter ended September 2016 as against Rs 3.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.423.34 2 OPM %35.0920.96 - PBDT0.54-0.25 LP PBT0.35-0.50 LP NP0.35-0.50 LP

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RACL Geartech standalone net profit declines 44.17% in the September 2016 quarter
Nov 11,2016

Net profit of RACL Geartech declined 44.17% to Rs 0.67 crore in the quarter ended September 2016 as against Rs 1.20 crore during the previous quarter ended September 2015. Sales declined 5.14% to Rs 30.10 crore in the quarter ended September 2016 as against Rs 31.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.1031.73 -5 OPM %10.0712.51 - PBDT1.882.52 -25 PBT0.821.47 -44 NP0.671.20 -44

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INEOS Styrolution India standalone net profit rises 29.29% in the September 2016 quarter
Nov 11,2016

Net profit of INEOS Styrolution India rose 29.29% to Rs 19.20 crore in the quarter ended September 2016 as against Rs 14.85 crore during the previous quarter ended September 2015. Sales declined 3.46% to Rs 378.95 crore in the quarter ended September 2016 as against Rs 392.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales378.95392.53 -3 OPM %9.322.14 - PBDT35.837.13 403 PBT29.520.19 15437 NP19.2014.85 29

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Shri Dinesh Mills standalone net profit rises 26.55% in the September 2016 quarter
Nov 11,2016

Net profit of Shri Dinesh Mills rose 26.55% to Rs 3.48 crore in the quarter ended September 2016 as against Rs 2.75 crore during the previous quarter ended September 2015. Sales rose 5.69% to Rs 21.74 crore in the quarter ended September 2016 as against Rs 20.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.7420.57 6 OPM %23.2320.22 - PBDT5.254.31 22 PBT3.292.40 37 NP3.482.75 27

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Jackson Investments reports standalone net loss of Rs 0.24 crore in the September 2016 quarter
Nov 11,2016

Net loss of Jackson Investments reported to Rs 0.24 crore in the quarter ended September 2016 as against net profit of Rs 0.39 crore during the previous quarter ended September 2015. Sales declined 14.58% to Rs 0.41 crore in the quarter ended September 2016 as against Rs 0.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.410.48 -15 OPM %-58.5481.25 - PBDT-0.240.39 PL PBT-0.240.39 PL NP-0.240.39 PL

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Sonal Mercantile reports standalone net profit of Rs 0.15 crore in the September 2016 quarter
Nov 11,2016

Net profit of Sonal Mercantile remain constant at Rs 0.15 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales reported to Rs 0.08 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080 0 OPM %187.500 - PBDT0.160.16 0 PBT0.150.15 0 NP0.150.15 0

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Budge Budge Company standalone net profit rises 44.59% in the September 2016 quarter
Nov 11,2016

Net profit of Budge Budge Company rose 44.59% to Rs 2.14 crore in the quarter ended September 2016 as against Rs 1.48 crore during the previous quarter ended September 2015. Sales rose 25.32% to Rs 64.25 crore in the quarter ended September 2016 as against Rs 51.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales64.2551.27 25 OPM %5.044.62 - PBDT3.031.90 59 PBT2.641.54 71 NP2.141.48 45

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Lincoln Pharmaceuticals standalone net profit rises 42.73% in the September 2016 quarter
Nov 11,2016

Net profit of Lincoln Pharmaceuticals rose 42.73% to Rs 7.75 crore in the quarter ended September 2016 as against Rs 5.43 crore during the previous quarter ended September 2015. Sales declined 6.72% to Rs 69.82 crore in the quarter ended September 2016 as against Rs 74.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales69.8274.85 -7 OPM %17.6912.26 - PBDT11.037.77 42 PBT10.177.08 44 NP7.755.43 43

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N D Metal Industries reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 11,2016

Net Loss of N D Metal Industries reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.18 crore during the previous quarter ended September 2015. Sales reported to Rs 0.08 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080 0 OPM %-75.000 - PBDT0.04-0.10 LP PBT-0.04-0.18 78 NP-0.04-0.18 78

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Goldcoin Health Foods reports standalone nil net profit/loss in the September 2016 quarter
Nov 11,2016

Goldcoin Health Foods reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 32.89% to Rs 0.51 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.510.76 -33 OPM %01.32 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Bank of Baroda standalone net profit rises 343.54% in the September 2016 quarter
Nov 11,2016

Net profit of Bank of Baroda rose 343.54% to Rs 552.12 crore in the quarter ended September 2016 as against Rs 124.48 crore during the previous quarter ended September 2015. Total Operating Income declined 6.02% to Rs 10485.17 crore in the quarter ended September 2016 as against Rs 11156.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income10485.1711156.36 -6 OPM %60.9664.66 - PBDT894.36445.32 101 PBT894.36445.32 101 NP552.12124.48 344

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Star Delta Transformers reports standalone net loss of Rs 0.33 crore in the September 2016 quarter
Nov 11,2016

Net loss of Star Delta Transformers reported to Rs 0.33 crore in the quarter ended September 2016 as against net profit of Rs 0.94 crore during the previous quarter ended September 2015. Sales declined 41.77% to Rs 10.19 crore in the quarter ended September 2016 as against Rs 17.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.1917.50 -42 OPM %3.240 - PBDT0.341.36 -75 PBT0.141.14 -88 NP-0.330.94 PL

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Akar Tools standalone net profit declines 4.84% in the September 2016 quarter
Nov 11,2016

Net profit of Akar Tools declined 4.84% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 0.62 crore during the previous quarter ended September 2015. Sales declined 3.64% to Rs 46.65 crore in the quarter ended September 2016 as against Rs 48.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.6548.41 -4 OPM %6.956.75 - PBDT1.721.61 7 PBT0.940.95 -1 NP0.590.62 -5

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