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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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Jindal Poly Investment & Finance Company reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Jindal Poly Investment & Finance Company reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.15 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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Bil Energy System reports standalone net loss of Rs 0.17 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Bil Energy System reported to Rs 0.17 crore in the quarter ended September 2016 as against net loss of Rs 0.43 crore during the previous quarter ended September 2015. Sales rose 45.84% to Rs 11.93 crore in the quarter ended September 2016 as against Rs 8.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.938.18 46 OPM %5.03-0.86 - PBDT1.130.69 64 PBT0.07-0.39 LP NP-0.17-0.43 60

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Flexituff International standalone net profit rises 369.86% in the September 2016 quarter
Nov 12,2016

Net profit of Flexituff International rose 369.86% to Rs 6.86 crore in the quarter ended September 2016 as against Rs 1.46 crore during the previous quarter ended September 2015. Sales rose 7.98% to Rs 311.60 crore in the quarter ended September 2016 as against Rs 288.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales311.60288.57 8 OPM %14.4911.68 - PBDT25.9818.64 39 PBT8.611.36 533 NP6.861.46 370

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Welspun Investments & Commercials reports standalone net loss of Rs 1.18 crore in the September 2016 quarter
Nov 12,2016

Net loss of Welspun Investments & Commercials reported to Rs 1.18 crore in the quarter ended September 2016 as against net profit of Rs 0.17 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.26 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.260.26 0 OPM %61.5465.38 - PBDT0.160.17 -6 PBT0.160.17 -6 NP-1.180.17 PL

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Tarapur Transformers reports standalone net loss of Rs 0.19 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Tarapur Transformers reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.18 crore during the previous quarter ended September 2015. Sales rose 78.80% to Rs 8.94 crore in the quarter ended September 2016 as against Rs 5.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.945.00 79 OPM %-1.45-3.80 - PBDT0.270.33 -18 PBT-0.19-0.18 -6 NP-0.19-0.18 -6

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Renaissance Jewellery standalone net profit declines 4.00% in the September 2016 quarter
Nov 12,2016

Net profit of Renaissance Jewellery declined 4.00% to Rs 7.69 crore in the quarter ended September 2016 as against Rs 8.01 crore during the previous quarter ended September 2015. Sales declined 16.33% to Rs 265.07 crore in the quarter ended September 2016 as against Rs 316.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales265.07316.82 -16 OPM %5.123.74 - PBDT12.0010.51 14 PBT9.948.61 15 NP7.698.01 -4

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Mauria Udyog standalone net profit declines 6.11% in the September 2016 quarter
Nov 12,2016

Net profit of Mauria Udyog declined 6.11% to Rs 1.69 crore in the quarter ended September 2016 as against Rs 1.80 crore during the previous quarter ended September 2015. Sales rose 6.14% to Rs 298.37 crore in the quarter ended September 2016 as against Rs 281.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales298.37281.12 6 OPM %3.443.70 - PBDT4.364.98 -12 PBT2.943.55 -17 NP1.691.80 -6

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Gayatri Sugars reports standalone net loss of Rs 10.37 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Gayatri Sugars reported to Rs 10.37 crore in the quarter ended September 2016 as against net loss of Rs 9.04 crore during the previous quarter ended September 2015. Sales declined 10.47% to Rs 18.90 crore in the quarter ended September 2016 as against Rs 21.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.9021.11 -10 OPM %-13.02-5.92 - PBDT-7.87-8.81 11 PBT-10.37-11.31 8 NP-10.37-9.04 -15

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Salona Cotspin standalone net profit rises 72.82% in the September 2016 quarter
Nov 12,2016

Net profit of Salona Cotspin rose 72.82% to Rs 1.78 crore in the quarter ended September 2016 as against Rs 1.03 crore during the previous quarter ended September 2015. Sales rose 7.59% to Rs 21.54 crore in the quarter ended September 2016 as against Rs 20.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.5420.02 8 OPM %16.6715.03 - PBDT3.102.09 48 PBT2.181.29 69 NP1.781.03 73

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Hindusthan Urban Infrastructure reports standalone net loss of Rs 0.24 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Hindusthan Urban Infrastructure reported to Rs 0.24 crore in the quarter ended September 2016 as against net loss of Rs 5.30 crore during the previous quarter ended September 2015. Sales rose 11.98% to Rs 176.70 crore in the quarter ended September 2016 as against Rs 157.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales176.70157.80 12 OPM %5.904.07 - PBDT2.50-1.26 LP PBT-1.05-4.40 76 NP-0.24-5.30 95

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Hem Holdings & Trading standalone net profit rises 700.00% in the September 2016 quarter
Nov 12,2016

Net profit of Hem Holdings & Trading rose 700.00% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.02 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020 0 OPM %00 - PBDT0.080.01 700 PBT0.080.01 700 NP0.080.01 700

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Bemco Hydraulics standalone net profit rises 62.50% in the September 2016 quarter
Nov 12,2016

Net profit of Bemco Hydraulics rose 62.50% to Rs 0.52 crore in the quarter ended September 2016 as against Rs 0.32 crore during the previous quarter ended September 2015. Sales rose 168.75% to Rs 9.89 crore in the quarter ended September 2016 as against Rs 3.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.893.68 169 OPM %14.4629.62 - PBDT0.830.63 32 PBT0.520.32 63 NP0.520.32 63

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Sturdy Industries reports standalone net loss of Rs 3.95 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Sturdy Industries reported to Rs 3.95 crore in the quarter ended September 2016 as against net loss of Rs 1.15 crore during the previous quarter ended September 2015. Sales rose 31.23% to Rs 137.92 crore in the quarter ended September 2016 as against Rs 105.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales137.92105.10 31 OPM %4.188.26 - PBDT-1.881.27 PL PBT-3.95-1.15 -243 NP-3.95-1.15 -243

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Rajasthan Tube Manufacturing Co reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 12,2016

Net profit of Rajasthan Tube Manufacturing Co reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.74 crore during the previous quarter ended September 2015. Sales rose 9.29% to Rs 14.24 crore in the quarter ended September 2016 as against Rs 13.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.2413.03 9 OPM %4.63-1.07 - PBDT0.07-0.72 LP PBT0.04-0.74 LP NP0.04-0.74 LP

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PSL reports standalone net loss of Rs 41.61 crore in the September 2016 quarter
Nov 12,2016

Net Loss of PSL reported to Rs 41.61 crore in the quarter ended September 2016 as against net loss of Rs 181.89 crore during the previous quarter ended September 2015. Sales declined 76.06% to Rs 5.09 crore in the quarter ended September 2016 as against Rs 21.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.0921.26 -76 OPM %-180.75-154.28 - PBDT-9.20-120.32 92 PBT-41.61-157.89 74 NP-41.61-181.89 77

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