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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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Moodys: Future US climate policy shifts would not stall global emissions reduction efforts
Feb 16,2017

Institutional and private sector forces will continue to drive global efforts to reduce carbon emissions, even if US climate policy is moderated or reversed by the new US administration, Moodys Investors Service said in a report.

Some aspects of climate policy in the US may be altered or dropped under the new administration, said Rahul Ghosh, a Moodys Vice President -- Senior Credit Officer and the reports co-author. Nevertheless, we believe that powerful structural forces at play, including robust institutional and private sector momentum, will continue to drive global sustainable and climate agendas regardless of the direction of US federal climate policy.

Since the US election, the vast majority of countries have reaffirmed their commitment to the Paris Agreement on climate change, reinforcing Moodys view that adoption of carbon regulation globally will accelerate over the coming years.

Policymaking at a state and local government level within countries will also play an increasingly important role in fulfilling national climate commitments, including in the United States.

The ability and willingness of individual US states to enact climate legislation and commit to carbon reduction will vary, as has been the case for some time. More than two dozen states have programmes in place to continue reducing emissions.

Global climate policy is not limited to the Paris Agreement, and institutional efforts such as the G20 study group on green finance and the Financial Stability Board (FSB) taskforce on climate-related financial disclosures suggest that policy momentum on decarbonisation and green finance will be sustained.

Green bond issuance across the globe is another illustration of commitments on the part of the public and private sectors to the Paris Agreement.

Green bond volumes continued to climb in 2016, reaching a new high of $93.4 billion -- an increase of 120% versus $42.4 billion in 2015. Extrapolating this level of year-over-year growth could bring 2017 issuance to $206 billion. Other regulatory initiatives beyond the Paris Agreement will also take effect in the coming years and support the transition to a lower carbon global economy.

Furthermore, corporate leadership and institutional investor focus on carbon emissions reduction and broader sustainability issues is increasing.

Strong institutional investor demand for greater sustainability and transparency, coupled with rising climate awareness and changing consumer preferences and technological change, will encourage more private sector companies to pursue explicit climate change strategies.

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SRS Finance standalone net profit declines 33.80% in the December 2016 quarter
Feb 16,2017

Net profit of SRS Finance declined 33.80% to Rs 0.94 crore in the quarter ended December 2016 as against Rs 1.42 crore during the previous quarter ended December 2015. Sales declined 73.07% to Rs 4.70 crore in the quarter ended December 2016 as against Rs 17.45 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.7017.45 -73 OPM %54.0431.40 - PBDT1.312.31 -43 PBT1.282.26 -43 NP0.941.42 -34

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Crescent Leasing reports standalone net loss of Rs 0.10 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Crescent Leasing reported to Rs 0.10 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. Sales declined 33.33% to Rs 0.08 crore in the quarter ended December 2016 as against Rs 0.12 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.080.12 -33 OPM %50.0083.33 - PBDT-0.10-0.02 -400 PBT-0.10-0.02 -400 NP-0.10-0.02 -400

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Welspun Investments & Commercials reports standalone net loss of Rs 0.06 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Welspun Investments & Commercials reported to Rs 0.06 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore during the previous quarter ended December 2015. Sales declined 18.60% to Rs 0.35 crore in the quarter ended December 2016 as against Rs 0.43 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.350.43 -19 OPM %-17.14-4.65 - PBDT-0.06-0.01 -500 PBT-0.06-0.01 -500 NP-0.06-0.01 -500

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Madhav Infra Projects standalone net profit declines 6.94% in the December 2016 quarter
Feb 16,2017

Net profit of Madhav Infra Projects declined 6.94% to Rs 2.95 crore in the quarter ended December 2016 as against Rs 3.17 crore during the previous quarter ended December 2015. Sales declined 34.22% to Rs 94.44 crore in the quarter ended December 2016 as against Rs 143.58 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales94.44143.58 -34 OPM %23.589.31 - PBDT13.525.46 148 PBT3.694.54 -19 NP2.953.17 -7

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Aananda Lakshmi Spinning Mills reports standalone net loss of Rs 5.92 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Aananda Lakshmi Spinning Mills reported to Rs 5.92 crore in the quarter ended December 2016 as against net loss of Rs 1.95 crore during the previous quarter ended December 2015. Sales declined 78.70% to Rs 4.49 crore in the quarter ended December 2016 as against Rs 21.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.4921.08 -79 OPM %-92.65-1.71 - PBDT-5.55-1.57 -254 PBT-5.92-1.95 -204 NP-5.92-1.95 -204

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Indus Fila reports standalone net loss of Rs 17.04 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Indus Fila reported to Rs 17.04 crore in the quarter ended December 2016 as against net loss of Rs 79.72 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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Nagreeka Capital & Infrastructure reports standalone net loss of Rs 2.88 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Nagreeka Capital & Infrastructure reported to Rs 2.88 crore in the quarter ended December 2016 as against net loss of Rs 13.75 crore during the previous quarter ended December 2015. Sales rose 2936.36% to Rs 3.34 crore in the quarter ended December 2016 as against Rs 0.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.340.11 2936 OPM %-18.86-11445.45 - PBDT-2.87-13.74 79 PBT-2.88-13.75 79 NP-2.88-13.75 79

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Prime Focus standalone net profit rises 39.82% in the December 2016 quarter
Feb 16,2017

Net profit of Prime Focus rose 39.82% to Rs 1.58 crore in the quarter ended December 2016 as against Rs 1.13 crore during the previous quarter ended December 2015. Sales rose 5.24% to Rs 36.15 crore in the quarter ended December 2016 as against Rs 34.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales36.1534.35 5 OPM %5.7335.40 - PBDT5.2610.35 -49 PBT-2.522.96 PL NP1.581.13 40

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Pochiraju Industries reports standalone net loss of Rs 2.32 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Pochiraju Industries reported to Rs 2.32 crore in the quarter ended December 2016 as against net loss of Rs 22.96 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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Nectar Lifescience standalone net profit rises 23.23% in the December 2016 quarter
Feb 16,2017

Net profit of Nectar Lifescience rose 23.23% to Rs 18.14 crore in the quarter ended December 2016 as against Rs 14.72 crore during the previous quarter ended December 2015. Sales rose 11.61% to Rs 443.38 crore in the quarter ended December 2016 as against Rs 397.27 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales443.38397.27 12 OPM %15.5315.85 - PBDT37.2334.33 8 PBT22.4618.51 21 NP18.1414.72 23

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BLS International Services reports standalone net profit of Rs 0.99 crore in the December 2016 quarter
Feb 16,2017

Net profit of BLS International Services reported to Rs 0.99 crore in the quarter ended December 2016 as against net loss of Rs 1.90 crore during the previous quarter ended December 2015. Sales rose 205.91% to Rs 6.21 crore in the quarter ended December 2016 as against Rs 2.03 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6.212.03 206 OPM %31.40-65.52 - PBDT1.97-1.38 LP PBT1.51-1.93 LP NP0.99-1.90 LP

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HB Estate Developers reports standalone net loss of Rs 4.93 crore in the December 2016 quarter
Feb 16,2017

Net Loss of HB Estate Developers reported to Rs 4.93 crore in the quarter ended December 2016 as against net loss of Rs 5.46 crore during the previous quarter ended December 2015. Sales rose 12.21% to Rs 22.06 crore in the quarter ended December 2016 as against Rs 19.66 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales22.0619.66 12 OPM %26.7529.25 - PBDT-0.67-0.85 21 PBT-4.31-4.59 6 NP-4.93-5.46 10

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Padmalaya Telefilms standalone net profit declines 75.00% in the December 2016 quarter
Feb 16,2017

Net profit of Padmalaya Telefilms declined 75.00% to Rs 0.02 crore in the quarter ended December 2016 as against Rs 0.08 crore during the previous quarter ended December 2015. Sales rose 2.27% to Rs 0.45 crore in the quarter ended December 2016 as against Rs 0.44 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.450.44 2 OPM %4.4418.18 - PBDT0.020.08 -75 PBT0.020.08 -75 NP0.020.08 -75

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Rainbow Foundations standalone net profit declines 62.86% in the December 2016 quarter
Feb 16,2017

Net profit of Rainbow Foundations declined 62.86% to Rs 0.13 crore in the quarter ended December 2016 as against Rs 0.35 crore during the previous quarter ended December 2015. Sales rose 14.07% to Rs 9.89 crore in the quarter ended December 2016 as against Rs 8.67 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales9.898.67 14 OPM %20.4216.15 - PBDT0.150.36 -58 PBT0.130.35 -63 NP0.130.35 -63

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