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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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Lypsa Gems & Jewellery standalone net profit declines 86.11% in the December 2016 quarter
Feb 15,2017

Net profit of Lypsa Gems & Jewellery declined 86.11% to Rs 0.05 crore in the quarter ended December 2016 as against Rs 0.36 crore during the previous quarter ended December 2015. Sales declined 60.55% to Rs 20.02 crore in the quarter ended December 2016 as against Rs 50.75 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales20.0250.75 -61 OPM %4.702.25 - PBDT0.150.66 -77 PBT0.050.54 -91 NP0.050.36 -86

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California Software Company reports standalone net loss of Rs 0.32 crore in the December 2016 quarter
Feb 15,2017

Net Loss of California Software Company reported to Rs 0.32 crore in the quarter ended December 2016 as against net loss of Rs 1.63 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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Supreme Tex Mart reports standalone net loss of Rs 9.61 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Supreme Tex Mart reported to Rs 9.61 crore in the quarter ended December 2016 as against net loss of Rs 26.61 crore during the previous quarter ended December 2015. Sales declined 20.14% to Rs 72.53 crore in the quarter ended December 2016 as against Rs 90.82 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales72.5390.82 -20 OPM %3.18-15.45 - PBDT1.98-14.40 LP PBT-9.61-26.61 64 NP-9.61-26.61 64

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Goldstone Technologies reports standalone net loss of Rs 0.62 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Goldstone Technologies reported to Rs 0.62 crore in the quarter ended December 2016 as against net loss of Rs 0.64 crore during the previous quarter ended December 2015. Sales declined 15.18% to Rs 5.14 crore in the quarter ended December 2016 as against Rs 6.06 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.146.06 -15 OPM %07.43 - PBDT0.070.39 -82 PBT-1.07-0.76 -41 NP-0.62-0.64 3

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Sparc Systems reports standalone net loss of Rs 0.02 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Sparc Systems reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.01 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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Hasti Finance reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 15,2017

Net profit of Hasti Finance remain constant at Rs 0.01 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. Sales declined 24.32% to Rs 0.28 crore in the quarter ended December 2016 as against Rs 0.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.280.37 -24 OPM %10.715.41 - PBDT0.030.02 50 PBT0.020.01 100 NP0.010.01 0

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Ministry of Railways to Induct 8 New OHE Inspection and Maintenance Cars
Feb 15,2017

With a view to take inspection of electrical over head equipment to a more modern level for ensuring safe rail operation, Indian Railways has decided to introduce 8 Wheeled Diesel Electric Over Head Equipment (OHE) inspection and maintenance Car on Railway Network. With the introduction of these OHE maintenance and inspection cars, the reliability and safety of OHE equipment on Indian Railway will be increased.

Research Design Standard Organisation (RDSO), the research arm of Ministry of Railways has already finalized the specifications for the prototype of these cars. Under the first phase, Indian Railways will be procuring 45 nos. 8-Wheeler OHE Inspection & Maintenance Cars for operation on Broad Gauge electrified routes on 25kV AC.

The Ministry of Railway has already placed contract with two firms namely M/s Bharat Earth Movers Limited, Bangalore and M/s Phooltas Transrail Limited, Patna for submitting designs.

This inspection car is a self-propelled vehicle and is used not only for periodical inspection, patrolling and maintenance of traction overhead equipment (OHE) but also used for attending to sites of breakdown, restoration and damaged OHE. These are specially used during night for electric current collection tests in order to ascertain the safe contact between pantograph of electric locomotive and contact wire of the OHE. The 8-W Inspection & Maintenance OHE Car uses the power generated by the diesel alternator set provided in the OHE car for propulsion. It has maximum operating speed of 110km/hour.

The Diesel Electric type OHE cars are being procured as per latest specification of Research Design Standard Organisation (RDSO) for which design is to be done by firms, and finally approved by RDSO. The design of these vehicles is likely to be approved by RDSO by March 2017 and prototype shall be approved by November 2017. Thereafter supplies of these OHE cars will start from February 2018 and is likely to be completed by June 2019, In Phase - II another tender for 53 nos. of such vehicles (8-W DETC) is also under finalisation and the contract shall be awarded soon.

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Superior Finlease reports standalone net profit of Rs 0.02 crore in the December 2016 quarter
Feb 15,2017

Net profit of Superior Finlease reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.27 crore during the previous quarter ended December 2015. Sales remain constant at Rs 0.04 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.040.04 0 OPM %50.00-675.00 - PBDT0.02-0.27 LP PBT0.02-0.27 LP NP0.02-0.27 LP

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Cindrella Financial Services reports standalone net profit of Rs 0.05 crore in the December 2016 quarter
Feb 15,2017

Net profit of Cindrella Financial Services reported to Rs 0.05 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales rose 500.00% to Rs 0.06 crore in the quarter ended December 2016 as against Rs 0.01 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.060.01 500 OPM %83.330 - PBDT0.050 0 PBT0.050 0 NP0.050 0

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Nestle India to pay final dividend
Feb 15,2017

Nestle India announced that final dividend, if approved by shareholders in AGM, shall be paid on and from 02 June 2017.

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YKM Industries reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 15,2017

Net Loss of YKM Industries reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 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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Ceenik Exports (India) reports standalone net loss of Rs 1.22 crore in the December 2016 quarter
Feb 15,2017

Net loss of Ceenik Exports (India) reported to Rs 1.22 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. Sales reported to Rs -0.52 crore in the quarter ended December 2016 as against Rs 3.91 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales-0.523.91 PL OPM %100.0017.14 - PBDT-0.970.25 PL PBT-1.220 0 NP-1.220 0

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Rexnord Electronics & Controls standalone net profit rises 88.24% in the December 2016 quarter
Feb 15,2017

Net profit of Rexnord Electronics & Controls rose 88.24% to Rs 0.64 crore in the quarter ended December 2016 as against Rs 0.34 crore during the previous quarter ended December 2015. Sales rose 7.84% to Rs 12.10 crore in the quarter ended December 2016 as against Rs 11.22 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.1011.22 8 OPM %11.579.09 - PBDT1.280.84 52 PBT0.920.51 80 NP0.640.34 88

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Refnol Resins & Chemicals standalone net profit declines 14.29% in the December 2016 quarter
Feb 15,2017

Net profit of Refnol Resins & Chemicals declined 14.29% to Rs 0.18 crore in the quarter ended December 2016 as against Rs 0.21 crore during the previous quarter ended December 2015. Sales rose 10.75% to Rs 5.77 crore in the quarter ended December 2016 as against Rs 5.21 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales5.775.21 11 OPM %6.248.25 - PBDT0.210.24 -13 PBT0.180.21 -14 NP0.180.21 -14

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Roopa Industries standalone net profit rises 900.00% in the December 2016 quarter
Feb 15,2017

Net profit of Roopa Industries rose 900.00% to Rs 0.20 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015. Sales declined 0.91% to Rs 6.55 crore in the quarter ended December 2016 as against Rs 6.61 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6.556.61 -1 OPM %10.08-39.18 - PBDT0.34-2.84 LP PBT0.20-2.98 LP NP0.200.02 900

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