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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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Hong Kong Stocks fall on fears of weak GDP
Nov 11,2016

The Hong Kong stock market closed down on Friday, 11 November 2016, shrugging off global lead, on fears of weak GDP after reports city economic growth likely to slow in the third quarter from the second, with weak exports, sluggish retail sales and falling tourist arrivals. The economy was expected to grow 0.3% for the third quarter from the second, according to the median estimate of economists in a poll. From a year earlier, growth was forecast at 1.6%. Gross domestic product grew a seasonally adjusted 1.6% in the second quarter from the first, and 1.7% from a year earlier, the Special Administrative Region (SAR) government said in August.

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Mihika Industries standalone net profit rises 8.33% in the September 2016 quarter
Nov 11,2016

Net profit of Mihika Industries rose 8.33% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 173.33% to Rs 0.41 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.410.15 173 OPM %-92.68-120.00 - PBDT0.150.17 -12 PBT0.150.17 -12 NP0.130.12 8

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Haryana Capfin standalone net profit rises 1183.33% in the September 2016 quarter
Nov 11,2016

Net profit of Haryana Capfin rose 1183.33% to Rs 0.77 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 450.00% to Rs 0.88 crore in the quarter ended September 2016 as against Rs 0.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.880.16 450 OPM %90.9150.00 - PBDT0.800.08 900 PBT0.800.08 900 NP0.770.06 1183

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Muthoot Finance standalone net profit rises 70.04% in the September 2016 quarter
Nov 11,2016

Net profit of Muthoot Finance rose 70.04% to Rs 296.72 crore in the quarter ended September 2016 as against Rs 174.50 crore during the previous quarter ended September 2015. Sales rose 20.23% to Rs 1349.72 crore in the quarter ended September 2016 as against Rs 1122.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1349.721122.57 20 OPM %78.7375.19 - PBDT473.45282.69 67 PBT462.38268.39 72 NP296.72174.50 70

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Narendra Properties reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 11,2016

Net loss of Narendra Properties reported to Rs 0.06 crore in the quarter ended September 2016 as against net profit of Rs 0.09 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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Paushak standalone net profit declines 57.61% in the September 2016 quarter
Nov 11,2016

Net profit of Paushak declined 57.61% to Rs 1.81 crore in the quarter ended September 2016 as against Rs 4.27 crore during the previous quarter ended September 2015. Sales declined 13.51% to Rs 18.75 crore in the quarter ended September 2016 as against Rs 21.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.7521.68 -14 OPM %14.8821.17 - PBDT3.306.46 -49 PBT2.465.79 -58 NP1.814.27 -58

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Sangam Health Care Products reports standalone net loss of Rs 0.19 crore in the September 2016 quarter
Nov 11,2016

Net loss of Sangam Health Care Products reported to Rs 0.19 crore in the quarter ended September 2016 as against net profit of Rs 0.73 crore during the previous quarter ended September 2015. Sales rose 10.69% to Rs 7.25 crore in the quarter ended September 2016 as against Rs 6.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.256.55 11 OPM %17.9337.10 - PBDT0.191.11 -83 PBT-0.190.73 PL NP-0.190.73 PL

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Tashi India standalone net profit declines 33.33% in the September 2016 quarter
Nov 11,2016

Net profit of Tashi India declined 33.33% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015. Sales rose 47.06% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.500.34 47 OPM %86.0082.35 - PBDT0.090.13 -31 PBT0.090.13 -31 NP0.060.09 -33

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Global Land Masters Corporation reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 11,2016

Net loss of Global Land Masters Corporation reported to Rs 0.06 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 and during the previous quarter ended September 2015.

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DHP India standalone net profit declines 16.48% in the September 2016 quarter
Nov 11,2016

Net profit of DHP India declined 16.48% to Rs 1.52 crore in the quarter ended September 2016 as against Rs 1.82 crore during the previous quarter ended September 2015. Sales rose 30.49% to Rs 8.73 crore in the quarter ended September 2016 as against Rs 6.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.736.69 30 OPM %28.299.12 - PBDT2.612.30 13 PBT2.261.90 19 NP1.521.82 -16

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Relic Technologies standalone net profit rises 60.00% in the September 2016 quarter
Nov 11,2016

Net profit of Relic Technologies rose 60.00% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 16.00% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.290.25 16 OPM %27.5936.00 - PBDT0.080.08 0 PBT0.080.05 60 NP0.080.05 60

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Redex Protech standalone net profit declines 25.00% in the September 2016 quarter
Nov 11,2016

Net profit of Redex Protech declined 25.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales reported to Rs 0.01 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010 0 OPM %500.000 - PBDT0.050.06 -17 PBT0.040.05 -20 NP0.030.04 -25

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Insilco reports standalone net profit of Rs 0.17 crore in the September 2016 quarter
Nov 11,2016

Net profit of Insilco reported to Rs 0.17 crore in the quarter ended September 2016 as against net loss of Rs 0.16 crore during the previous quarter ended September 2015. Sales rose 22.65% to Rs 21.01 crore in the quarter ended September 2016 as against Rs 17.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.0117.13 23 OPM %0.81-2.51 - PBDT0.600.12 400 PBT0.18-0.16 LP NP0.17-0.16 LP

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V I P Industries standalone net profit rises 4.21% in the September 2016 quarter
Nov 11,2016

Net profit of V I P Industries rose 4.21% to Rs 16.32 crore in the quarter ended September 2016 as against Rs 15.66 crore during the previous quarter ended September 2015. Sales declined 3.32% to Rs 284.88 crore in the quarter ended September 2016 as against Rs 294.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales284.88294.67 -3 OPM %8.348.51 - PBDT26.6025.02 6 PBT23.8922.01 9 NP16.3215.66 4

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Inventure Growth & Securities reports consolidated net profit of Rs 0.02 crore in the September 2016 quarter
Nov 11,2016

Net profit of Inventure Growth & Securities reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 4.68 crore during the previous quarter ended September 2015. Sales rose 7.72% to Rs 5.30 crore in the quarter ended September 2016 as against Rs 4.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.304.92 8 OPM %130.94-82.72 - PBDT7.05-4.22 LP PBT6.81-4.47 LP NP0.02-4.68 LP

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