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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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Nova Iron & Steel standalone net profit rises 436.44% in the September 2016 quarter
Nov 12,2016

Net profit of Nova Iron & Steel rose 436.44% to Rs 6.33 crore in the quarter ended September 2016 as against Rs 1.18 crore during the previous quarter ended September 2015. Sales rose 6213.33% to Rs 9.47 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. Sales9.470.15 6213 OPM %87.122013.33 - PBDT6.621.53 333 PBT6.331.18 436 NP6.331.18 436

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Chase Bright Steel reports standalone net loss of Rs 0.31 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Chase Bright Steel reported to Rs 0.31 crore in the quarter ended September 2016 as against net loss of Rs 0.45 crore during the previous quarter ended September 2015. Sales declined 46.53% to Rs 6.32 crore in the quarter ended September 2016 as against Rs 11.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.3211.82 -47 OPM %0.95-0.76 - PBDT-0.25-0.37 32 PBT-0.31-0.45 31 NP-0.31-0.45 31

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Shiva Texyarn standalone net profit rises 39.96% in the September 2016 quarter
Nov 12,2016

Net profit of Shiva Texyarn rose 39.96% to Rs 7.11 crore in the quarter ended September 2016 as against Rs 5.08 crore during the previous quarter ended September 2015. Sales rose 17.05% to Rs 131.54 crore in the quarter ended September 2016 as against Rs 112.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales131.54112.38 17 OPM %14.7613.69 - PBDT13.129.75 35 PBT8.625.50 57 NP7.115.08 40

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Vardhman Holdings standalone net profit declines 81.69% in the September 2016 quarter
Nov 12,2016

Net profit of Vardhman Holdings declined 81.69% to Rs 3.59 crore in the quarter ended September 2016 as against Rs 19.61 crore during the previous quarter ended September 2015. Sales declined 80.00% to Rs 4.18 crore in the quarter ended September 2016 as against Rs 20.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.1820.90 -80 OPM %121.5396.27 - PBDT5.0820.12 -75 PBT5.0720.11 -75 NP3.5919.61 -82

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Acrow India standalone net profit declines 81.82% in the September 2016 quarter
Nov 12,2016

Net profit of Acrow India declined 81.82% to Rs 0.04 crore in the quarter ended September 2016 as against Rs 0.22 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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Tata Steel reports standalone net profit of Rs 249.56 crore in the September 2016 quarter
Nov 12,2016

Net profit of Tata Steel reported to Rs 249.56 crore in the quarter ended September 2016 as against net loss of Rs 288.48 crore during the previous quarter ended September 2015. Sales rose 11.20% to Rs 10522.69 crore in the quarter ended September 2016 as against Rs 9462.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10522.699462.95 11 OPM %18.2020.48 - PBDT1342.701628.82 -18 PBT431.05885.39 -51 NP249.56-288.48 LP

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Reliance Power consolidated net profit declines 6.24% in the September 2016 quarter
Nov 12,2016

Net profit of Reliance Power declined 6.24% to Rs 272.07 crore in the quarter ended September 2016 as against Rs 290.19 crore during the previous quarter ended September 2015. Sales declined 10.62% to Rs 2082.34 crore in the quarter ended September 2016 as against Rs 2329.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2082.342329.85 -11 OPM %54.9548.51 - PBDT540.18597.65 -10 PBT393.90456.07 -14 NP272.07290.19 -6

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Daulat Securities standalone net profit rises 60.00% in the September 2016 quarter
Nov 12,2016

Net profit of Daulat Securities 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 66.67% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.100.06 67 OPM %40.00-50.00 - PBDT0.080.05 60 PBT0.080.05 60 NP0.080.05 60

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Chitradurga Spintex reports standalone nil net profit/loss in the September 2016 quarter
Nov 12,2016

Chitradurga Spintex reported no net profit/loss in the quarter ended September 2016 and 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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Suzlon Energy standalone net profit rises 179.35% in the September 2016 quarter
Nov 12,2016

Net profit of Suzlon Energy rose 179.35% to Rs 267.59 crore in the quarter ended September 2016 as against Rs 95.79 crore during the previous quarter ended September 2015. Sales rose 70.34% to Rs 1946.36 crore in the quarter ended September 2016 as against Rs 1142.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1946.361142.64 70 OPM %21.6813.76 - PBDT334.61108.53 208 PBT284.5281.74 248 NP267.5995.79 179

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Patidar Buildcon standalone net profit declines 40.00% in the September 2016 quarter
Nov 12,2016

Net profit of Patidar Buildcon declined 40.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales 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.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.05 -60 OPM %50.0040.00 - PBDT0.030.05 -40 PBT0.030.05 -40 NP0.030.05 -40

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Jet Airways (India) standalone net profit rises 23.43% in the September 2016 quarter
Nov 12,2016

Net profit of Jet Airways (India) rose 23.43% to Rs 108.11 crore in the quarter ended September 2016 as against Rs 87.59 crore during the previous quarter ended September 2015. Sales rose 1.34% to Rs 4920.55 crore in the quarter ended September 2016 as against Rs 4855.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4920.554855.56 1 OPM %6.307.31 - PBDT412.41325.42 27 PBT162.57133.15 22 NP108.1187.59 23

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Ajcon Global Services standalone net profit rises 50.00% in the September 2016 quarter
Nov 12,2016

Net profit of Ajcon Global Services rose 50.00% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015. Sales rose 22.52% to Rs 1.85 crore in the quarter ended September 2016 as against Rs 1.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.851.51 23 OPM %23.2427.15 - PBDT0.290.22 32 PBT0.220.14 57 NP0.150.10 50

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Trigyn Technologies reports standalone net loss of Rs 0.34 crore in the September 2016 quarter
Nov 12,2016

Net loss of Trigyn Technologies reported to Rs 0.34 crore in the quarter ended September 2016 as against net profit of Rs 0.62 crore during the previous quarter ended September 2015. Sales declined 63.06% to Rs 14.35 crore in the quarter ended September 2016 as against Rs 38.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.3538.85 -63 OPM %1.601.00 - PBDT-0.151.27 PL PBT-0.291.16 PL NP-0.340.62 PL

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Alfa Transformers reports standalone net loss of Rs 0.36 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Alfa Transformers reported to Rs 0.36 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 9.18% to Rs 6.42 crore in the quarter ended September 2016 as against Rs 5.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.425.88 9 OPM %6.547.31 - PBDT-0.020.11 PL PBT-0.36-0.23 -57 NP-0.36-0.23 -57

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