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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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Thambbi Modern Spinning Mills reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 14,2016

Net profit of Thambbi Modern Spinning Mills reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.15 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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Shiva Global Agro Industries standalone net profit declines 46.51% in the September 2016 quarter
Nov 14,2016

Net profit of Shiva Global Agro Industries declined 46.51% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.43 crore during the previous quarter ended September 2015. Sales declined 27.04% to Rs 18.24 crore in the quarter ended September 2016 as against Rs 25.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.2425.00 -27 OPM %7.076.48 - PBDT0.560.80 -30 PBT0.330.57 -42 NP0.230.43 -47

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Lawreshwar Polymers standalone net profit declines 70.13% in the September 2016 quarter
Nov 14,2016

Net profit of Lawreshwar Polymers declined 70.13% to Rs 0.23 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 22.47% to Rs 17.39 crore in the quarter ended September 2016 as against Rs 22.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.3922.43 -22 OPM %9.4911.15 - PBDT0.771.72 -55 PBT0.361.22 -70 NP0.230.77 -70

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Surya India standalone net profit rises 72.41% in the September 2016 quarter
Nov 14,2016

Net profit of Surya India rose 72.41% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales declined 6.52% to Rs 0.43 crore in the quarter ended September 2016 as against Rs 0.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.430.46 -7 OPM %155.81117.39 - PBDT0.840.54 56 PBT0.740.43 72 NP0.500.29 72

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Arms Paper reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 14,2016

Net loss of Arms Paper reported to Rs 0.05 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 12.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales012.63 -100 OPM %00.16 - PBDT-0.050.02 PL PBT-0.050.02 PL NP-0.050.01 PL

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Navketan Merchants reports standalone nil net profit/loss in the September 2016 quarter
Nov 14,2016

Navketan Merchants reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.03 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 %014.29 - PBDT00.04 -100 PBT00.04 -100 NP00.03 -100

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GTV Engineering standalone net profit rises 57.14% in the September 2016 quarter
Nov 14,2016

Net profit of GTV Engineering rose 57.14% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 113.84% to Rs 12.21 crore in the quarter ended September 2016 as against Rs 5.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.215.71 114 OPM %1.977.36 - PBDT0.220.17 29 PBT0.110.07 57 NP0.110.07 57

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Rasoya Proteins reports consolidated net loss of Rs 50.00 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Rasoya Proteins reported to Rs 50.00 crore in the quarter ended September 2016 as against net loss of Rs 84.25 crore during the previous quarter ended September 2015. Sales declined 64.38% to Rs 10.73 crore in the quarter ended September 2016 as against Rs 30.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.7330.12 -64 OPM %-419.01-158.10 - PBDT-45.19-48.76 7 PBT-48.22-51.84 7 NP-50.00-84.25 41

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Shiva Global Agro Industries consolidated net profit rises 122.22% in the September 2016 quarter
Nov 14,2016

Net profit of Shiva Global Agro Industries rose 122.22% to Rs 0.60 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015. Sales declined 26.04% to Rs 74.88 crore in the quarter ended September 2016 as against Rs 101.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales74.88101.25 -26 OPM %5.904.37 - PBDT2.081.90 9 PBT1.371.16 18 NP0.600.27 122

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Alpa Laboratories standalone net profit declines 95.91% in the September 2016 quarter
Nov 14,2016

Net profit of Alpa Laboratories declined 95.91% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 5.87 crore during the previous quarter ended September 2015. Sales declined 2.35% to Rs 12.04 crore in the quarter ended September 2016 as against Rs 12.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.0412.33 -2 OPM %17.4439.58 - PBDT2.546.07 -58 PBT2.365.87 -60 NP0.245.87 -96

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Sanblue Corporation standalone net profit declines 96.02% in the September 2016 quarter
Nov 14,2016

Net profit of Sanblue Corporation declined 96.02% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 2.01 crore during the previous quarter ended September 2015. Sales rose 6800.00% to Rs 0.69 crore 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. Sales0.690.01 6800 OPM %-8.70-500.00 - PBDT0.092.53 -96 PBT0.092.53 -96 NP0.082.01 -96

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Kamat Hotels (India) reports standalone net loss of Rs 3.75 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Kamat Hotels (India) reported to Rs 3.75 crore in the quarter ended September 2016 as against net loss of Rs 9.79 crore during the previous quarter ended September 2015. Sales rose 0.37% to Rs 32.98 crore in the quarter ended September 2016 as against Rs 32.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.9832.86 0 OPM %26.4118.62 - PBDT-0.67-7.72 91 PBT-3.75-10.96 66 NP-3.75-9.79 62

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Girdharilal Sugar & Allied Industries standalone net profit declines 66.67% in the September 2016 quarter
Nov 14,2016

Net profit of Girdharilal Sugar & Allied Industries declined 66.67% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015. Sales declined 82.84% to Rs 5.35 crore in the quarter ended September 2016 as against Rs 31.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.3531.17 -83 OPM %16.644.43 - PBDT0.310.81 -62 PBT0.110.33 -67 NP0.110.33 -67

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Rasandik Engineering Industries India standalone net profit rises 153.78% in the September 2016 quarter
Nov 14,2016

Net profit of Rasandik Engineering Industries India rose 153.78% to Rs 3.02 crore in the quarter ended September 2016 as against Rs 1.19 crore during the previous quarter ended September 2015. Sales declined 2.22% to Rs 50.14 crore in the quarter ended September 2016 as against Rs 51.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.1451.28 -2 OPM %6.847.57 - PBDT6.783.91 73 PBT3.491.28 173 NP3.021.19 154

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Panjon standalone net profit declines 50.00% in the September 2016 quarter
Nov 14,2016

Net profit of Panjon declined 50.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 86.97% to Rs 0.46 crore in the quarter ended September 2016 as against Rs 3.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.463.53 -87 OPM %13.041.70 - PBDT0.030.04 -25 PBT0.010.02 -50 NP0.010.02 -50

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