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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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RBI maintains status quo-Sixth Bi-monthly Monetary Policy Statement, 2016-17
Feb 08,2017

The Monetary Policy Committee (MPC), Reserve Bank of India in its sixth Bi-Monthly Monetary Policy Statement, 2016-17 kept the key policy rates unchanged same as in the fifth Bi-Monthly Monetary Policy Statement, 2016-17. The policy repo rate, at which it lends to the scheduled banks borrowing for the short liquidity gaps, under the liquidity adjustement facility (LAF) thus stands unchanged at 6.25%. The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5 per cent by Q4 of 2016-17 and the medium-term target of 4 per cent within a band of +/- 2 per cent, while supporting growth. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.

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Tata Consultancy Services receives 2016 IoT Evolution Connected Home and Building Award
Feb 08,2017

Tata Consultancy Services announced that its Remote Energy Management Solution has received the 2016 IoT Evolution Connected Home and Building Award from IoT Evolution magazine, a leading magazine covering IoT technologies. TCS is the only global IT services organisation to win the Connected Building category Award.

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Ballarpur Industries reports standalone net loss of Rs 49.49 crore in the December 2016 quarter
Feb 08,2017

Net loss of Ballarpur Industries reported to Rs 49.49 crore in the quarter ended December 2016 as against net profit of Rs 5.07 crore during the previous quarter ended December 2015. Sales declined 94.24% to Rs 7.74 crore in the quarter ended December 2016 as against Rs 134.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales7.74134.29 -94 OPM %-337.4728.84 - PBDT-35.2923.22 PL PBT-49.497.25 PL NP-49.495.07 PL

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Ruttonsha International Rectifier standalone net profit declines 84.62% in the December 2016 quarter
Feb 08,2017

Net profit of Ruttonsha International Rectifier declined 84.62% to Rs 0.02 crore in the quarter ended December 2016 as against Rs 0.13 crore during the previous quarter ended December 2015. Sales declined 9.40% to Rs 5.59 crore in the quarter ended December 2016 as against Rs 6.17 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.596.17 -9 OPM %7.8710.70 - PBDT0.320.42 -24 PBT0.030.16 -81 NP0.020.13 -85

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Ricoh India reports standalone net loss of Rs 78.60 crore in the December 2016 quarter
Feb 08,2017

Net Loss of Ricoh India reported to Rs 78.60 crore in the quarter ended December 2016 as against net loss of Rs 102.04 crore during the previous quarter ended December 2015. Sales reported to Rs 212.62 crore in the quarter ended December 2016 as against Rs -273.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales212.62-273.10 LP OPM %-22.5147.28 - PBDT-79.37-97.75 19 PBT-85.20-102.04 17 NP-78.60-102.04 23

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TCI Finance standalone net profit rises 100.00% in the December 2016 quarter
Feb 08,2017

Net profit of TCI Finance rose 100.00% to Rs 1.18 crore in the quarter ended December 2016 as against Rs 0.59 crore during the previous quarter ended December 2015. Sales rose 8.30% to Rs 2.61 crore in the quarter ended December 2016 as against Rs 2.41 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.612.41 8 OPM %89.66107.47 - PBDT1.430.74 93 PBT1.430.74 93 NP1.180.59 100

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Bhilwara Spinners standalone net profit declines 96.88% in the December 2016 quarter
Feb 08,2017

Net profit of Bhilwara Spinners declined 96.88% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 0.96 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 0.52 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales00.52 -100 OPM %0-15.38 - PBDT0.040.06 -33 PBT0.040.06 -33 NP0.030.96 -97

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Goodyear India standalone net profit rises 27.50% in the December 2016 quarter
Feb 08,2017

Net profit of Goodyear India rose 27.50% to Rs 33.24 crore in the quarter ended December 2016 as against Rs 26.07 crore during the previous quarter ended December 2015. Sales rose 3.49% to Rs 373.85 crore in the quarter ended December 2016 as against Rs 361.25 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales373.85361.25 3 OPM %13.6310.70 - PBDT59.7147.84 25 PBT51.1640.15 27 NP33.2426.07 28

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Jindal Stainless reports standalone net profit of Rs 40.43 crore in the December 2016 quarter
Feb 08,2017

Net profit of Jindal Stainless reported to Rs 40.43 crore in the quarter ended December 2016 as against net loss of Rs 191.25 crore during the previous quarter ended December 2015. Sales rose 29.82% to Rs 2092.17 crore in the quarter ended December 2016 as against Rs 1611.64 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2092.171611.64 30 OPM %16.309.66 - PBDT137.75-91.04 LP PBT59.82-183.27 LP NP40.43-191.25 LP

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Gateway Distriparks standalone net profit rises 43.60% in the December 2016 quarter
Feb 08,2017

Net profit of Gateway Distriparks rose 43.60% to Rs 16.37 crore in the quarter ended December 2016 as against Rs 11.40 crore during the previous quarter ended December 2015. Sales rose 2.72% to Rs 83.15 crore in the quarter ended December 2016 as against Rs 80.95 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales83.1580.95 3 OPM %23.2622.89 - PBDT26.5821.69 23 PBT21.4316.09 33 NP16.3711.40 44

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Vishvprabha Trading reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 08,2017

Net Loss of Vishvprabha Trading reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Mrugesh Trading reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 08,2017

Net Loss of Mrugesh Trading reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Piramal Phytocare standalone net profit rises 5200.00% in the December 2016 quarter
Feb 08,2017

Net profit of Piramal Phytocare rose 5200.00% to Rs 0.53 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015. Sales declined 37.33% to Rs 1.41 crore in the quarter ended December 2016 as against Rs 2.25 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.412.25 -37 OPM %34.7549.78 - PBDT0.541.16 -53 PBT0.530.01 5200 NP0.530.01 5200

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Facor Alloys reports standalone net profit of Rs 3.93 crore in the December 2016 quarter
Feb 08,2017

Net profit of Facor Alloys reported to Rs 3.93 crore in the quarter ended December 2016 as against net loss of Rs 5.33 crore during the previous quarter ended December 2015. Sales rose 12724.32% to Rs 47.45 crore in the quarter ended December 2016 as against Rs 0.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales47.450.37 12724 OPM %22.68-1402.70 - PBDT6.66-7.42 LP PBT6.01-8.18 LP NP3.93-5.33 LP

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Pariksha Fin-Invest-Lease reports standalone net profit of Rs 0.02 crore in the December 2016 quarter
Feb 08,2017

Net profit of Pariksha Fin-Invest-Lease reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.03 crore during the previous quarter ended December 2015. Sales declined 29.17% to Rs 0.17 crore in the quarter ended December 2016 as against Rs 0.24 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.170.24 -29 OPM %76.4737.50 - PBDT0.03-0.04 LP PBT0.03-0.04 LP NP0.02-0.03 LP

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