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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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KBS India standalone net profit declines 88.64% in the September 2016 quarter
Nov 12,2016

Net profit of KBS India declined 88.64% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.44 crore during the previous quarter ended September 2015. Sales rose 12.50% to Rs 0.18 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. Sales0.180.16 13 OPM %5.5625.00 - PBDT0.300.24 25 PBT0.290.22 32 NP0.050.44 -89

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Remi Securities reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 12,2016

Net profit of Remi Securities reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 166.67% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.03 167 OPM %-3500.00-66.67 - PBDT-0.52-0.12 -333 PBT-0.52-0.12 -333 NP0.03-0.10 LP

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Indian Infotech and Software standalone net profit rises 301.59% in the September 2016 quarter
Nov 12,2016

Net profit of Indian Infotech and Software rose 301.59% to Rs 2.53 crore in the quarter ended September 2016 as against Rs 0.63 crore during the previous quarter ended September 2015. Sales rose 25.67% to Rs 5.14 crore in the quarter ended September 2016 as against Rs 4.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.144.09 26 OPM %49.2216.63 - PBDT2.530.68 272 PBT2.530.67 278 NP2.530.63 302

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Anna Infrastructures reports standalone net profit of Rs 0.05 crore in the September 2016 quarter
Nov 12,2016

Net profit of Anna Infrastructures remain constant at Rs 0.05 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 20.00% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.160.20 -20 OPM %50.0050.00 - PBDT0.090.09 0 PBT0.070.07 0 NP0.050.05 0

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Hariyana Ship Breakers reports standalone net loss of Rs 1.84 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Hariyana Ship Breakers reported to Rs 1.84 crore in the quarter ended September 2016 as against net loss of Rs 7.31 crore during the previous quarter ended September 2015. Sales declined 70.85% to Rs 32.48 crore in the quarter ended September 2016 as against Rs 111.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.48111.41 -71 OPM %-13.98-14.98 - PBDT-2.28-9.61 76 PBT-2.79-10.14 72 NP-1.84-7.31 75

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NDA Securities standalone net profit rises 650.00% in the September 2016 quarter
Nov 12,2016

Net profit of NDA Securities rose 650.00% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 15.20% to Rs 1.44 crore in the quarter ended September 2016 as against Rs 1.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.441.25 15 OPM %11.11-0.80 - PBDT0.210.08 163 PBT0.160.02 700 NP0.150.02 650

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Rudraksh Cap-Tech standalone net profit rises 220.00% in the September 2016 quarter
Nov 12,2016

Net profit of Rudraksh Cap-Tech rose 220.00% to Rs 0.16 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 30900.00% to Rs 3.10 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. Sales3.100.01 30900 OPM %6.77800.00 - PBDT0.210.08 163 PBT0.210.08 163 NP0.160.05 220

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Orient Beverages standalone net profit declines 18.60% in the September 2016 quarter
Nov 12,2016

Net profit of Orient Beverages declined 18.60% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 0.43 crore during the previous quarter ended September 2015. Sales rose 13.53% to Rs 10.15 crore in the quarter ended September 2016 as against Rs 8.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.158.94 14 OPM %5.227.16 - PBDT0.670.68 -1 PBT0.350.43 -19 NP0.350.43 -19

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IFCI standalone net profit declines 91.86% in the September 2016 quarter
Nov 12,2016

Net profit of IFCI declined 91.86% to Rs 14.86 crore in the quarter ended September 2016 as against Rs 182.61 crore during the previous quarter ended September 2015. Sales declined 28.25% to Rs 754.14 crore in the quarter ended September 2016 as against Rs 1051.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales754.141051.10 -28 OPM %-2.2816.90 - PBDT29.30241.84 -88 PBT25.67238.25 -89 NP14.86182.61 -92

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Gujarat Raffia Industries standalone net profit rises 71.43% in the September 2016 quarter
Nov 12,2016

Net profit of Gujarat Raffia Industries rose 71.43% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 3.71% to Rs 8.66 crore in the quarter ended September 2016 as against Rs 8.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.668.35 4 OPM %13.3911.86 - PBDT0.680.58 17 PBT0.210.09 133 NP0.120.07 71

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Shukra Jewellery standalone net profit declines 25.00% in the September 2016 quarter
Nov 12,2016

Net profit of Shukra Jewellery 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 declined 8.76% to Rs 7.81 crore in the quarter ended September 2016 as against Rs 8.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.818.56 -9 OPM %2.052.57 - PBDT0.160.22 -27 PBT0.030.04 -25 NP0.030.04 -25

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Voith Paper Fabrics India standalone net profit rises 22.69% in the September 2016 quarter
Nov 12,2016

Net profit of Voith Paper Fabrics India rose 22.69% to Rs 4.11 crore in the quarter ended September 2016 as against Rs 3.35 crore during the previous quarter ended September 2015. Sales rose 13.18% to Rs 20.26 crore in the quarter ended September 2016 as against Rs 17.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.2617.90 13 OPM %28.9724.47 - PBDT7.846.45 22 PBT6.355.24 21 NP4.113.35 23

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Madhav Marbles and Granites standalone net profit declines 21.90% in the September 2016 quarter
Nov 12,2016

Net profit of Madhav Marbles and Granites declined 21.90% to Rs 1.89 crore in the quarter ended September 2016 as against Rs 2.42 crore during the previous quarter ended September 2015. Sales rose 4.16% to Rs 21.01 crore in the quarter ended September 2016 as against Rs 20.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.0120.17 4 OPM %10.6115.52 - PBDT2.973.67 -19 PBT2.373.03 -22 NP1.892.42 -22

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Arshiya reports standalone net loss of Rs 24.89 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Arshiya reported to Rs 24.89 crore in the quarter ended September 2016 as against net loss of Rs 61.75 crore during the previous quarter ended September 2015. Sales rose 13.48% to Rs 19.11 crore in the quarter ended September 2016 as against Rs 16.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.1116.84 13 OPM %61.2842.10 - PBDT-23.26-38.74 40 PBT-28.03-45.29 38 NP-24.89-61.75 60

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Eurotex Industries and Exports reports standalone net loss of Rs 3.00 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Eurotex Industries and Exports reported to Rs 3.00 crore in the quarter ended September 2016 as against net loss of Rs 2.28 crore during the previous quarter ended September 2015. Sales declined 67.40% to Rs 18.97 crore in the quarter ended September 2016 as against Rs 58.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.9758.19 -67 OPM %-7.54-0.81 - PBDT-2.12-1.16 -83 PBT-3.19-2.30 -39 NP-3.00-2.28 -32

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