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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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Apis India standalone net profit declines 63.72% in the September 2016 quarter
Nov 14,2016

Net profit of Apis India declined 63.72% to Rs 1.52 crore in the quarter ended September 2016 as against Rs 4.19 crore during the previous quarter ended September 2015. Sales declined 1.51% to Rs 41.01 crore in the quarter ended September 2016 as against Rs 41.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.0141.64 -2 OPM %6.5813.30 - PBDT2.624.84 -46 PBT2.424.59 -47 NP1.524.19 -64

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Trupti Twisters reports standalone nil net profit/loss in the September 2016 quarter
Nov 14,2016

Trupti Twisters reported no net profit/loss in the quarter ended September 2016 and 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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Sayaji Hotels reports standalone net loss of Rs 6.15 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Sayaji Hotels reported to Rs 6.15 crore in the quarter ended September 2016 as against net loss of Rs 4.15 crore during the previous quarter ended September 2015. Sales declined 1.73% to Rs 30.73 crore in the quarter ended September 2016 as against Rs 31.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.7331.27 -2 OPM %6.779.82 - PBDT-1.261.45 PL PBT-6.13-4.01 -53 NP-6.15-4.15 -48

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Alstone Textiles (India) reports standalone nil net profit/loss in the September 2016 quarter
Nov 14,2016

Alstone Textiles (India) reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.09 crore during the previous quarter ended September 2015. Sales declined 4.40% to Rs 1.52 crore in the quarter ended September 2016 as against Rs 1.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.521.59 -4 OPM %05.66 - PBDT00.09 -100 PBT00.09 -100 NP00.09 -100

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VKS Projects reports standalone net loss of Rs 0.28 crore in the September 2016 quarter
Nov 14,2016

Net Loss of VKS Projects reported to Rs 0.28 crore in the quarter ended September 2016 as against net loss of Rs 0.40 crore during the previous quarter ended September 2015. Sales declined 41.98% to Rs 0.76 crore in the quarter ended September 2016 as against Rs 1.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.761.31 -42 OPM %13.163.82 - PBDT0.110.05 120 PBT-0.28-0.40 30 NP-0.28-0.40 30

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Thomas Scott India reports standalone net profit of Rs 0.13 crore in the September 2016 quarter
Nov 14,2016

Net profit of Thomas Scott India reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.78 crore during the previous quarter ended September 2015. Sales rose 10.86% to Rs 5.00 crore in the quarter ended September 2016 as against Rs 4.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.004.51 11 OPM %2.60-17.07 - PBDT0.13-0.77 LP PBT0.13-0.78 LP NP0.13-0.78 LP

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Rasoya Proteins reports standalone net loss of Rs 4.59 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Rasoya Proteins reported to Rs 4.59 crore in the quarter ended September 2016 as against net loss of Rs 43.51 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 %4.19-22.58 - PBDT0.22-7.94 LP PBT-2.81-11.02 75 NP-4.59-43.51 89

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Hittco Tools reports standalone net loss of Rs 0.31 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Hittco Tools reported to Rs 0.31 crore in the quarter ended September 2016 as against net loss of Rs 0.32 crore during the previous quarter ended September 2015. Sales declined 10.56% to Rs 1.61 crore in the quarter ended September 2016 as against Rs 1.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.611.80 -11 OPM %4.356.11 - PBDT-0.040.01 PL PBT-0.31-0.13 -138 NP-0.31-0.32 3

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Suprajit Engineering standalone net profit rises 84.90% in the September 2016 quarter
Nov 14,2016

Net profit of Suprajit Engineering rose 84.90% to Rs 22.41 crore in the quarter ended September 2016 as against Rs 12.12 crore during the previous quarter ended September 2015. Sales rose 13.40% to Rs 167.43 crore in the quarter ended September 2016 as against Rs 147.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales167.43147.64 13 OPM %17.6017.92 - PBDT39.1222.34 75 PBT36.5120.29 80 NP22.4112.12 85

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Paramount Communications reports standalone net loss of Rs 9.25 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Paramount Communications reported to Rs 9.25 crore in the quarter ended September 2016 as against net loss of Rs 31.30 crore during the previous quarter ended September 2015. Sales rose 32.94% to Rs 89.79 crore in the quarter ended September 2016 as against Rs 67.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales89.7967.54 33 OPM %-7.45-16.89 - PBDT-7.16-29.15 75 PBT-9.25-31.30 70 NP-9.25-31.30 70

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Savera Industries reports standalone net profit of Rs 1.90 crore in the September 2016 quarter
Nov 14,2016

Net profit of Savera Industries reported to Rs 1.90 crore in the quarter ended September 2016 as against net loss of Rs 2.16 crore during the previous quarter ended September 2015. Sales rose 2.62% to Rs 17.61 crore in the quarter ended September 2016 as against Rs 17.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.6117.16 3 OPM %24.8725.12 - PBDT3.953.64 9 PBT2.842.53 12 NP1.90-2.16 LP

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Pine Animation reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 14,2016

Net loss of Pine Animation reported to Rs 0.03 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 0.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.04 -100 OPM %025.00 - PBDT-0.030.01 PL PBT-0.030.01 PL NP-0.030.01 PL

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Everlon Synthetics reports standalone net loss of Rs 0.32 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Everlon Synthetics reported to Rs 0.32 crore in the quarter ended September 2016 as against net loss of Rs 0.46 crore during the previous quarter ended September 2015. Sales rose 38.98% to Rs 9.77 crore in the quarter ended September 2016 as against Rs 7.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.777.03 39 OPM %-2.76-3.56 - PBDT-0.26-0.40 35 PBT-0.32-0.46 30 NP-0.32-0.46 30

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Zenith Fibres standalone net profit declines 60.87% in the September 2016 quarter
Nov 14,2016

Net profit of Zenith Fibres declined 60.87% to Rs 1.08 crore in the quarter ended September 2016 as against Rs 2.76 crore during the previous quarter ended September 2015. Sales declined 42.49% to Rs 10.61 crore in the quarter ended September 2016 as against Rs 18.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.6118.45 -42 OPM %14.9918.92 - PBDT2.144.34 -51 PBT1.984.16 -52 NP1.082.76 -61

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Khaitan (India) reports standalone net loss of Rs 0.37 crore in the September 2016 quarter
Nov 14,2016

Net Loss of Khaitan (India) reported to Rs 0.37 crore in the quarter ended September 2016 as against net loss of Rs 1.79 crore during the previous quarter ended September 2015. Sales declined 74.31% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 1.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.281.09 -74 OPM %428.57-11.93 - PBDT0.04-1.35 LP PBT-0.37-1.79 79 NP-0.37-1.79 79

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