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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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IDBI Bank reports standalone net loss of Rs 2254.96 crore in the December 2016 quarter
Feb 07,2017

Net Loss of IDBI Bank reported to Rs 2254.96 crore in the quarter ended December 2016 as against net loss of Rs 2183.68 crore during the previous quarter ended December 2015. Total Operating Income declined 3.40% to Rs 6553.06 crore in the quarter ended December 2016 as against Rs 6783.56 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Total Operating Income6553.066783.56 -3 OPM %32.4830.14 - PBDT-3023.34-2604.93 -16 PBT-3023.34-2604.93 -16 NP-2254.96-2183.68 -3

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Insilco reports standalone net loss of Rs 0.17 crore in the December 2016 quarter
Feb 07,2017

Net Loss of Insilco reported to Rs 0.17 crore in the quarter ended December 2016 as against net loss of Rs 1.19 crore during the previous quarter ended December 2015. Sales rose 40.76% to Rs 22.10 crore in the quarter ended December 2016 as against Rs 15.70 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales22.1015.70 41 OPM %-1.67-7.77 - PBDT0.23-0.73 LP PBT-0.18-1.19 85 NP-0.17-1.19 86

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Bharat Heavy Electricals reports standalone net profit of Rs 93.54 crore in the December 2016 quarter
Feb 07,2017

Net profit of Bharat Heavy Electricals reported to Rs 93.54 crore in the quarter ended December 2016 as against net loss of Rs 1084.96 crore during the previous quarter ended December 2015. Sales rose 18.27% to Rs 6187.48 crore in the quarter ended December 2016 as against Rs 5231.86 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales6187.485231.86 18 OPM %3.62-30.81 - PBDT333.31-1446.38 LP PBT124.55-1671.85 LP NP93.54-1084.96 LP

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Morganite Crucible (India) standalone net profit rises 114.00% in the December 2016 quarter
Feb 07,2017

Net profit of Morganite Crucible (India) rose 114.00% to Rs 3.21 crore in the quarter ended December 2016 as against Rs 1.50 crore during the previous quarter ended December 2015. Sales rose 9.82% to Rs 23.37 crore in the quarter ended December 2016 as against Rs 21.28 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales23.3721.28 10 OPM %22.9419.27 - PBDT5.824.25 37 PBT5.022.55 97 NP3.211.50 114

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Cochin Malabar Estates & Industries reports standalone net loss of Rs 0.03 crore in the December 2016 quarter
Feb 07,2017

Net Loss of Cochin Malabar Estates & Industries reported to Rs 0.03 crore in the quarter ended December 2016 as against net loss of Rs 0.03 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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Jubilant Life Sciences standalone net profit declines 71.47% in the December 2016 quarter
Feb 07,2017

Net profit of Jubilant Life Sciences declined 71.47% to Rs 8.26 crore in the quarter ended December 2016 as against Rs 28.95 crore during the previous quarter ended December 2015. Sales declined 5.87% to Rs 596.92 crore in the quarter ended December 2016 as against Rs 634.16 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales596.92634.16 -6 OPM %11.1712.23 - PBDT37.8339.02 -3 PBT17.0017.10 -1 NP8.2628.95 -71

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Gillette India standalone net profit rises 4.80% in the December 2016 quarter
Feb 07,2017

Net profit of Gillette India rose 4.80% to Rs 54.75 crore in the quarter ended December 2016 as against Rs 52.24 crore during the previous quarter ended December 2015. Sales declined 11.28% to Rs 389.35 crore in the quarter ended December 2016 as against Rs 438.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales389.35438.84 -11 OPM %19.1117.74 - PBDT89.0884.94 5 PBT80.1678.18 3 NP54.7552.24 5

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CEAT standalone net profit declines 19.46% in the December 2016 quarter
Feb 07,2017

Net profit of CEAT declined 19.46% to Rs 94.18 crore in the quarter ended December 2016 as against Rs 116.93 crore during the previous quarter ended December 2015. Sales rose 4.64% to Rs 1371.00 crore in the quarter ended December 2016 as against Rs 1310.17 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1371.001310.17 5 OPM %10.9815.00 - PBDT155.83188.83 -17 PBT120.98162.62 -26 NP94.18116.93 -19

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Milgrey Finance & Investments reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 07,2017

Net Loss of Milgrey Finance & Investments reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.04 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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Dhunseri Petrochem standalone net profit declines 44.29% in the December 2016 quarter
Feb 07,2017

Net profit of Dhunseri Petrochem declined 44.29% to Rs 7.42 crore in the quarter ended December 2016 as against Rs 13.32 crore during the previous quarter ended December 2015. Sales declined 98.23% to Rs 12.06 crore in the quarter ended December 2016 as against Rs 681.36 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales12.06681.36 -98 OPM %71.896.39 - PBDT9.6626.89 -64 PBT9.5414.92 -36 NP7.4213.32 -44

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Safari Industries (India) standalone net profit rises 73.74% in the December 2016 quarter
Feb 07,2017

Net profit of Safari Industries (India) rose 73.74% to Rs 3.11 crore in the quarter ended December 2016 as against Rs 1.79 crore during the previous quarter ended December 2015. Sales rose 36.93% to Rs 94.92 crore in the quarter ended December 2016 as against Rs 69.32 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales94.9269.32 37 OPM %7.856.72 - PBDT6.974.03 73 PBT5.652.93 93 NP3.111.79 74

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The Ramco Cements standalone net profit rises 28.35% in the December 2016 quarter
Feb 07,2017

Net profit of The Ramco Cements rose 28.35% to Rs 151.88 crore in the quarter ended December 2016 as against Rs 118.33 crore during the previous quarter ended December 2015. Sales rose 15.24% to Rs 930.76 crore in the quarter ended December 2016 as against Rs 807.65 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales930.76807.65 15 OPM %31.6331.49 - PBDT270.18214.14 26 PBT204.04146.25 40 NP151.88118.33 28

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EID Parry (India) reports standalone net profit of Rs 12.22 crore in the December 2016 quarter
Feb 07,2017

Net profit of EID Parry (India) reported to Rs 12.22 crore in the quarter ended December 2016 as against net loss of Rs 42.84 crore during the previous quarter ended December 2015. Sales declined 13.67% to Rs 517.15 crore in the quarter ended December 2016 as against Rs 599.07 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales517.15599.07 -14 OPM %10.18-0.01 - PBDT40.51-19.68 LP PBT14.01-45.98 LP NP12.22-42.84 LP

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Sadbhav Infrastructure Projects reports consolidated net loss of Rs 66.35 crore in the December 2016 quarter
Feb 07,2017

Net Loss of Sadbhav Infrastructure Projects reported to Rs 66.35 crore in the quarter ended December 2016 as against net loss of Rs 139.51 crore during the previous quarter ended December 2015. Sales declined 35.96% to Rs 322.14 crore in the quarter ended December 2016 as against Rs 503.03 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales322.14503.03 -36 OPM %72.3132.95 - PBDT-12.43-105.55 88 PBT-63.98-142.28 55 NP-66.35-139.51 52

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Jubilant Life Sciences consolidated net profit declines 2.63% in the December 2016 quarter
Feb 07,2017

Net profit of Jubilant Life Sciences declined 2.63% to Rs 119.78 crore in the quarter ended December 2016 as against Rs 123.01 crore during the previous quarter ended December 2015. Sales rose 8.65% to Rs 1438.81 crore in the quarter ended December 2016 as against Rs 1324.26 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1438.811324.26 9 OPM %23.0623.09 - PBDT238.75220.04 9 PBT166.10145.38 14 NP119.78123.01 -3

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