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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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KJMC Corporate Advisors (India) standalone net profit declines 9.09% in the September 2016 quarter
Nov 12,2016

Net profit of KJMC Corporate Advisors (India) declined 9.09% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 3.51% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 0.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.590.57 4 OPM %18.6424.56 - PBDT0.120.14 -14 PBT0.110.12 -8 NP0.100.11 -9

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Meyer Apparel reports standalone net loss of Rs 0.39 crore in the September 2016 quarter
Nov 12,2016

Net loss of Meyer Apparel reported to Rs 0.39 crore in the quarter ended September 2016 as against net profit of Rs 0.10 crore during the previous quarter ended September 2015. Sales declined 29.59% to Rs 5.52 crore in the quarter ended September 2016 as against Rs 7.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.527.84 -30 OPM %-4.894.85 - PBDT-0.290.30 PL PBT-0.390.19 PL NP-0.390.10 PL

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Mercury Metals reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Mercury Metals reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.21 -100 OPM %0-14.29 - PBDT-0.02-0.03 33 PBT-0.02-0.03 33 NP-0.02-0.03 33

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Spectra Industries reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Spectra Industries reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 3.28% to Rs 27.69 crore in the quarter ended September 2016 as against Rs 26.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.6926.81 3 OPM %1.010.41 - PBDT0.160.02 700 PBT-0.01-0.07 86 NP-0.01-0.07 86

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Vivo Bio Tech standalone net profit rises 582.35% in the September 2016 quarter
Nov 12,2016

Net profit of Vivo Bio Tech rose 582.35% to Rs 1.16 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 22.70% to Rs 8.92 crore in the quarter ended September 2016 as against Rs 7.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.927.27 23 OPM %26.2313.89 - PBDT2.381.15 107 PBT1.410.24 488 NP1.160.17 582

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Sovereign Diamonds standalone net profit rises 35.29% in the September 2016 quarter
Nov 12,2016

Net profit of Sovereign Diamonds rose 35.29% to Rs 0.46 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015. Sales rose 12.75% to Rs 16.36 crore in the quarter ended September 2016 as against Rs 14.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.3614.51 13 OPM %8.017.99 - PBDT0.810.65 25 PBT0.690.51 35 NP0.460.34 35

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Twenty First Century Management Services reports standalone net profit of Rs 2.03 crore in the September 2016 quarter
Nov 12,2016

Net profit of Twenty First Century Management Services reported to Rs 2.03 crore in the quarter ended September 2016 as against net loss of Rs 3.47 crore during the previous quarter ended September 2015. Sales reported to Rs 3.15 crore in the quarter ended September 2016 as against Rs -2.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.15-2.96 LP OPM %89.52111.82 - PBDT2.84-3.31 LP PBT2.73-3.47 LP NP2.03-3.47 LP

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Loyal Textile Mills standalone net profit declines 21.29% in the September 2016 quarter
Nov 12,2016

Net profit of Loyal Textile Mills declined 21.29% to Rs 5.51 crore in the quarter ended September 2016 as against Rs 7.00 crore during the previous quarter ended September 2015. Sales declined 2.08% to Rs 267.26 crore in the quarter ended September 2016 as against Rs 272.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales267.26272.93 -2 OPM %12.9216.08 - PBDT22.9328.25 -19 PBT6.1411.38 -46 NP5.517.00 -21

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Shiva Suitings reports standalone nil net profit/loss in the September 2016 quarter
Nov 12,2016

Shiva Suitings reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 65.45% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.190.55 -65 OPM %03.64 - PBDT00.02 -100 PBT00.02 -100 NP00.02 -100

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Simplex Papers reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 12,2016

Net profit of Simplex Papers reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.17 crore during the previous quarter ended September 2015. Sales reported to Rs 0.21 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. Sales0.210 0 OPM %-23.810 - PBDT0.04-0.01 LP PBT0.04-0.01 LP NP0.04-0.17 LP

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Arman Holdings reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net profit of Arman Holdings reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales declined 49.35% to Rs 0.39 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.390.77 -49 OPM %-7.69-2.60 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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Aplaya Creations standalone net profit declines 83.33% in the September 2016 quarter
Nov 12,2016

Net profit of Aplaya Creations declined 83.33% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 55.39% to Rs 2.15 crore in the quarter ended September 2016 as against Rs 4.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.154.82 -55 OPM %0.932.07 - PBDT0.020.10 -80 PBT0.010.09 -89 NP0.010.06 -83

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Cindrella Financial Services reports standalone net profit of Rs 0.16 crore in the September 2016 quarter
Nov 12,2016

Net profit of Cindrella Financial Services reported to Rs 0.16 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 1700.00% to Rs 0.18 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. Sales0.180.01 1700 OPM %88.890 - PBDT0.160 0 PBT0.160 0 NP0.160 0

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Archit Organosys standalone net profit rises 167.86% in the September 2016 quarter
Nov 12,2016

Net profit of Archit Organosys rose 167.86% to Rs 0.75 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015. Sales declined 5.98% to Rs 11.32 crore in the quarter ended September 2016 as against Rs 12.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.3212.04 -6 OPM %12.286.23 - PBDT1.230.49 151 PBT1.130.39 190 NP0.750.28 168

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Soni Medicare standalone net profit declines 60.00% in the September 2016 quarter
Nov 12,2016

Net profit of Soni Medicare declined 60.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 23.13% to Rs 3.49 crore in the quarter ended September 2016 as against Rs 4.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.494.54 -23 OPM %11.755.07 - PBDT0.210.20 5 PBT0.020.06 -67 NP0.020.05 -60

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