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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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Wallfort Financial Services standalone net profit declines 96.24% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.0415.05 -86 OPM %33.3388.37 - PBDT0.6013.26 -95 PBT0.4913.16 -96 NP0.3910.36 -96

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Mega Corporation reports standalone net loss of Rs 0.17 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.340.24 42 OPM %67.6550.00 - PBDT0.230.10 130 PBT0.140.01 1300 NP-0.170.01 PL

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Swojas Energy Foods standalone net profit declines 40.00% in the September 2016 quarter
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Amalgamated Electricity Company reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

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Suryakrupa Finance reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
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Net Loss of Suryakrupa Finance reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.01 -100 OPM %0-200.00 - PBDT-0.01-0.02 50 PBT-0.01-0.02 50 NP-0.01-0.02 50

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Lords Chloro Alkali standalone net profit declines 87.02% in the September 2016 quarter
Nov 12,2016

Net profit of Lords Chloro Alkali declined 87.02% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 2.85 crore during the previous quarter ended September 2015. Sales rose 26.56% to Rs 30.02 crore in the quarter ended September 2016 as against Rs 23.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.0223.72 27 OPM %11.539.27 - PBDT2.734.60 -41 PBT1.603.94 -59 NP0.372.85 -87

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Gabriel India standalone net profit rises 10.32% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales390.08371.51 5 OPM %9.648.98 - PBDT38.9833.50 16 PBT30.1125.23 19 NP21.2819.29 10

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Dhanlaxmi Fabrics consolidated net profit rises 6.04% in the September 2016 quarter
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Net profit of Dhanlaxmi Fabrics rose 6.04% to Rs 1.93 crore in the quarter ended September 2016 as against Rs 1.82 crore during the previous quarter ended September 2015. Sales rose 4.89% to Rs 22.95 crore in the quarter ended September 2016 as against Rs 21.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.9521.88 5 OPM %17.4316.13 - PBDT3.143.03 4 PBT1.931.82 6 NP1.931.82 6

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Career Point standalone net profit rises 42.81% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.4617.19 7 OPM %19.7721.93 - PBDT6.165.58 10 PBT5.044.41 14 NP4.272.99 43

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Bafna Pharmaceuticals reports standalone net loss of Rs 3.75 crore in the September 2016 quarter
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Net Loss of Bafna Pharmaceuticals reported to Rs 3.75 crore in the quarter ended September 2016 as against net loss of Rs 2.41 crore during the previous quarter ended September 2015. Sales rose 3.13% to Rs 16.49 crore in the quarter ended September 2016 as against Rs 15.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.4915.99 3 OPM %1.218.76 - PBDT-2.78-1.64 -70 PBT-3.80-2.17 -75 NP-3.75-2.41 -56

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Nahar Capital & Financial Services standalone net profit rises 95.58% in the September 2016 quarter
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Net profit of Nahar Capital & Financial Services rose 95.58% to Rs 10.17 crore in the quarter ended September 2016 as against Rs 5.20 crore during the previous quarter ended September 2015. Sales declined 30.00% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.630.90 -30 OPM %-6.3547.78 - PBDT11.655.75 103 PBT11.625.72 103 NP10.175.20 96

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Sir Shadi Lal Enterprises standalone net profit declines 88.84% in the September 2016 quarter
Nov 12,2016

Net profit of Sir Shadi Lal Enterprises declined 88.84% to Rs 1.68 crore in the quarter ended September 2016 as against Rs 15.06 crore during the previous quarter ended September 2015. Sales rose 65.48% to Rs 108.54 crore in the quarter ended September 2016 as against Rs 65.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales108.5465.59 65 OPM %4.9233.62 - PBDT2.0315.44 -87 PBT1.6815.06 -89 NP1.6815.06 -89

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Perfectpac standalone net profit rises 427.27% in the September 2016 quarter
Nov 12,2016

Net profit of Perfectpac rose 427.27% to Rs 0.58 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 13.11% to Rs 18.89 crore in the quarter ended September 2016 as against Rs 16.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.8916.70 13 OPM %6.994.37 - PBDT1.150.56 105 PBT0.760.20 280 NP0.580.11 427

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Adarsh Plant Protect reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
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Net Loss of Adarsh Plant Protect reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 25.74% to Rs 2.98 crore in the quarter ended September 2016 as against Rs 2.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.982.37 26 OPM %2.014.22 - PBDT-0.03-0.01 -200 PBT-0.05-0.06 17 NP-0.05-0.06 17

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Dhanlaxmi Fabrics standalone net profit rises 7.69% in the September 2016 quarter
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Net profit of Dhanlaxmi Fabrics rose 7.69% to Rs 1.82 crore in the quarter ended September 2016 as against Rs 1.69 crore during the previous quarter ended September 2015. Sales rose 1.29% to Rs 21.22 crore in the quarter ended September 2016 as against Rs 20.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.2220.95 1 OPM %18.2416.23 - PBDT3.032.90 4 PBT1.821.69 8 NP1.821.69 8

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