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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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Rajesh Exports standalone net profit declines 15.85% in the September 2016 quarter
Nov 12,2016

Net profit of Rajesh Exports declined 15.85% to Rs 116.73 crore in the quarter ended September 2016 as against Rs 138.72 crore during the previous quarter ended September 2015. Sales rose 8.71% to Rs 11642.39 crore in the quarter ended September 2016 as against Rs 10709.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11642.3910709.46 9 OPM %1.802.24 - PBDT117.18139.20 -16 PBT116.73138.72 -16 NP116.73138.72 -16

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Modex International Securities standalone net profit rises 250.00% in the September 2016 quarter
Nov 12,2016

Net profit of Modex International Securities rose 250.00% to Rs 0.14 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 93.15% to Rs 2.82 crore in the quarter ended September 2016 as against Rs 1.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.821.46 93 OPM %-37.94-32.88 - PBDT0.330.13 154 PBT0.140.04 250 NP0.140.04 250

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Cybele Industries reports standalone net profit of Rs 0.11 crore in the September 2016 quarter
Nov 12,2016

Net profit of Cybele Industries reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.27 crore during the previous quarter ended September 2015. Sales rose 1203.31% to Rs 19.68 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. Sales19.681.51 1203 OPM %1.78-3.97 - PBDT0.24-0.16 LP PBT0.11-0.27 LP NP0.11-0.27 LP

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Shree Manufacturing Company reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Shree Manufacturing Company reported to Rs 0.01 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 and during the previous quarter ended September 2015.

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Pulsar International standalone net profit rises 600.00% in the September 2016 quarter
Nov 12,2016

Net profit of Pulsar International rose 600.00% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 700.00% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.04 700 OPM %21.88-125.00 - PBDT0.070 0 PBT0.070.01 600 NP0.070.01 600

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Chambal Fertilisers & Chemicals standalone net profit declines 1.48% in the September 2016 quarter
Nov 12,2016

Net profit of Chambal Fertilisers & Chemicals declined 1.48% to Rs 127.11 crore in the quarter ended September 2016 as against Rs 129.02 crore during the previous quarter ended September 2015. Sales declined 18.75% to Rs 2232.35 crore in the quarter ended September 2016 as against Rs 2747.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2232.352747.45 -19 OPM %11.078.82 - PBDT213.31220.26 -3 PBT188.65184.84 2 NP127.11129.02 -1

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Bentley Commercial Enterprises reports standalone net profit of Rs 0.09 crore in the September 2016 quarter
Nov 12,2016

Net profit of Bentley Commercial Enterprises reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.01 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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B & A Packaging India standalone net profit rises 26.05% in the September 2016 quarter
Nov 12,2016

Net profit of B & A Packaging India rose 26.05% to Rs 1.50 crore in the quarter ended September 2016 as against Rs 1.19 crore during the previous quarter ended September 2015. Sales rose 21.37% to Rs 15.05 crore in the quarter ended September 2016 as against Rs 12.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.0512.40 21 OPM %18.4120.56 - PBDT2.602.10 24 PBT2.241.78 26 NP1.501.19 26

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Yamini Investment Company standalone net profit declines 18.18% in the September 2016 quarter
Nov 12,2016

Net profit of Yamini Investment Company declined 18.18% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales declined 44.89% to Rs 2.48 crore in the quarter ended September 2016 as against Rs 4.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.484.50 -45 OPM %5.655.11 - PBDT0.140.23 -39 PBT0.090.16 -44 NP0.090.11 -18

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Kavita Fabrics standalone net profit declines 50.00% in the September 2016 quarter
Nov 12,2016

Net profit of Kavita Fabrics declined 50.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 65.67% to Rs 1.15 crore in the quarter ended September 2016 as against Rs 3.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.153.35 -66 OPM %5.222.99 - PBDT0.050.09 -44 PBT0.030.06 -50 NP0.020.04 -50

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Modern Converters reports standalone net profit of Rs 0.58 crore in the September 2016 quarter
Nov 12,2016

Net profit of Modern Converters reported to Rs 0.58 crore in the quarter ended September 2016 as against net loss of Rs 0.57 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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WW Technology Holdings reports standalone net profit of Rs 0.06 crore in the September 2016 quarter
Nov 12,2016

Net profit of WW Technology Holdings remain constant at Rs 0.06 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales remain constant at Rs 0.12 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.120.12 0 OPM %50.0050.00 - PBDT0.060.06 0 PBT0.060.06 0 NP0.060.06 0

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Classic Global Finance & Capital reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net profit of Classic Global Finance & Capital remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 25.71% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.260.35 -26 OPM %3.855.71 - PBDT0.010.02 -50 PBT0.010.02 -50 NP0.010.01 0

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

Net profit of Angels Enterprises remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 11.76% to Rs 0.38 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.380.34 12 OPM %2.632.94 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Titan Securities standalone net profit rises 500.00% in the September 2016 quarter
Nov 12,2016

Net profit of Titan Securities rose 500.00% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 47.14% to Rs 1.03 crore in the quarter ended September 2016 as against Rs 0.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.030.70 47 OPM %17.4815.71 - PBDT0.170.11 55 PBT0.140.08 75 NP0.120.02 500

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