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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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Sicagen India reports consolidated net profit of Rs 2.40 crore in the September 2016 quarter
Nov 11,2016

Net profit of Sicagen India reported to Rs 2.40 crore in the quarter ended September 2016 as against net loss of Rs 3.11 crore during the previous quarter ended September 2015. Sales rose 5.67% to Rs 149.63 crore in the quarter ended September 2016 as against Rs 141.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales149.63141.60 6 OPM %-1.04-1.72 - PBDT3.34-2.18 LP PBT2.37-3.19 LP NP2.40-3.11 LP

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GPT Infraprojects consolidated net profit rises 28.57% in the September 2016 quarter
Nov 11,2016

Net profit of GPT Infraprojects rose 28.57% to Rs 3.06 crore in the quarter ended September 2016 as against Rs 2.38 crore during the previous quarter ended September 2015. Sales rose 25.54% to Rs 121.70 crore in the quarter ended September 2016 as against Rs 96.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales121.7096.94 26 OPM %14.1215.98 - PBDT9.308.25 13 PBT4.422.84 56 NP3.062.38 29

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Cigniti Technologies consolidated net profit rises 9.34% in the September 2016 quarter
Nov 11,2016

Net profit of Cigniti Technologies rose 9.34% to Rs 13.93 crore in the quarter ended September 2016 as against Rs 12.74 crore during the previous quarter ended September 2015. Sales rose 16.55% to Rs 170.24 crore in the quarter ended September 2016 as against Rs 146.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales170.24146.07 17 OPM %15.7717.31 - PBDT23.8323.19 3 PBT20.7620.71 0 NP13.9312.74 9

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Almondz Global Securities reports consolidated net profit of Rs 0.82 crore in the September 2016 quarter
Nov 11,2016

Net profit of Almondz Global Securities reported to Rs 0.82 crore in the quarter ended September 2016 as against net loss of Rs 0.36 crore during the previous quarter ended September 2015. Sales rose 71.27% to Rs 12.64 crore in the quarter ended September 2016 as against Rs 7.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.647.38 71 OPM %11.79-33.88 - PBDT1.350.65 108 PBT0.940.07 1243 NP0.82-0.36 LP

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Delta Magnets reports consolidated net loss of Rs 0.27 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Delta Magnets reported to Rs 0.27 crore in the quarter ended September 2016 as against net loss of Rs 3.83 crore during the previous quarter ended September 2015. Sales rose 21.48% to Rs 15.44 crore in the quarter ended September 2016 as against Rs 12.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.4412.71 21 OPM %6.991.49 - PBDT0.50-0.32 LP PBT0.05-0.69 LP NP-0.27-3.83 93

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GKB Ophthalmics standalone net profit declines 84.17% in the September 2016 quarter
Nov 11,2016

Net profit of GKB Ophthalmics declined 84.17% to Rs 2.54 crore in the quarter ended September 2016 as against Rs 16.05 crore during the previous quarter ended September 2015. Sales rose 20.43% to Rs 10.02 crore in the quarter ended September 2016 as against Rs 8.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.028.32 20 OPM %5.29-17.55 - PBDT0.52-1.16 LP PBT0.19-1.51 LP NP2.5416.05 -84

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ETT reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Nov 11,2016

Net Loss of ETT reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.71 crore during the previous quarter ended September 2015. Sales declined 33.65% to Rs 0.69 crore in the quarter ended September 2016 as against Rs 1.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.691.04 -34 OPM %68.12-13.46 - PBDT0.43-0.11 LP PBT-0.11-0.71 85 NP-0.11-0.71 85

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Kallam Spinning Mills standalone net profit rises 9.63% in the September 2016 quarter
Nov 11,2016

Net profit of Kallam Spinning Mills rose 9.63% to Rs 3.30 crore in the quarter ended September 2016 as against Rs 3.01 crore during the previous quarter ended September 2015. Sales rose 3.75% to Rs 66.46 crore in the quarter ended September 2016 as against Rs 64.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.4664.06 4 OPM %18.0421.60 - PBDT7.187.75 -7 PBT3.734.63 -19 NP3.303.01 10

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Polygenta Technologies reports standalone net profit of Rs 9.47 crore in the September 2016 quarter
Nov 11,2016

Net profit of Polygenta Technologies reported to Rs 9.47 crore in the quarter ended September 2016 as against net loss of Rs 16.70 crore during the previous quarter ended September 2015. Sales rose 13.61% to Rs 11.94 crore in the quarter ended September 2016 as against Rs 10.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.9410.51 14 OPM %-64.99-72.03 - PBDT-9.49-12.76 26 PBT-13.38-16.70 20 NP9.47-16.70 LP

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Gujarat Poly-Avx Electronics reports standalone net loss of Rs 0.16 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Gujarat Poly-Avx Electronics reported to Rs 0.16 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 16.60% to Rs 2.95 crore in the quarter ended September 2016 as against Rs 2.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.952.53 17 OPM %-0.343.95 - PBDT-0.12-0.04 -200 PBT-0.16-0.07 -129 NP-0.16-0.07 -129

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Pioneer Investcorp standalone net profit rises 1464.71% in the September 2016 quarter
Nov 11,2016

Net profit of Pioneer Investcorp rose 1464.71% to Rs 2.66 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 100.35% to Rs 11.50 crore in the quarter ended September 2016 as against Rs 5.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.505.74 100 OPM %68.7038.85 - PBDT4.140.53 681 PBT3.990.37 978 NP2.660.17 1465

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Andrew Yule & Company standalone net profit rises 79.14% in the September 2016 quarter
Nov 11,2016

Net profit of Andrew Yule & Company rose 79.14% to Rs 27.14 crore in the quarter ended September 2016 as against Rs 15.15 crore during the previous quarter ended September 2015. Sales rose 17.53% to Rs 126.71 crore in the quarter ended September 2016 as against Rs 107.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales126.71107.81 18 OPM %10.9510.31 - PBDT29.0317.56 65 PBT27.5615.52 78 NP27.1415.15 79

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Garware Polyester standalone net profit rises 59.27% in the September 2016 quarter
Nov 11,2016

Net profit of Garware Polyester rose 59.27% to Rs 4.38 crore in the quarter ended September 2016 as against Rs 2.75 crore during the previous quarter ended September 2015. Sales declined 0.03% to Rs 207.08 crore in the quarter ended September 2016 as against Rs 207.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales207.08207.15 0 OPM %7.878.86 - PBDT11.138.29 34 PBT6.734.10 64 NP4.382.75 59

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Minda Corporation consolidated net profit rises 10.19% in the September 2016 quarter
Nov 11,2016

Net profit of Minda Corporation rose 10.19% to Rs 32.02 crore in the quarter ended September 2016 as against Rs 29.06 crore during the previous quarter ended September 2015. Sales rose 26.86% to Rs 774.41 crore in the quarter ended September 2016 as against Rs 610.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales774.41610.43 27 OPM %8.179.59 - PBDT58.7353.95 9 PBT38.2234.78 10 NP32.0229.06 10

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Wockhardt consolidated net profit declines 81.59% in the September 2016 quarter
Nov 11,2016

Net profit of Wockhardt declined 81.59% to Rs 17.02 crore in the quarter ended September 2016 as against Rs 92.45 crore during the previous quarter ended September 2015. Sales declined 13.41% to Rs 1064.69 crore in the quarter ended September 2016 as against Rs 1229.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1064.691229.59 -13 OPM %9.3516.16 - PBDT63.04144.63 -56 PBT25.68109.78 -77 NP17.0292.45 -82

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