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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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Suryodaya Investment & Trading Co. reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Suryodaya Investment & Trading Co. reported to Rs 0.01 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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Amrutanjan Health Care standalone net profit rises 8.46% in the September 2016 quarter
Nov 11,2016

Net profit of Amrutanjan Health Care rose 8.46% to Rs 7.95 crore in the quarter ended September 2016 as against Rs 7.33 crore during the previous quarter ended September 2015. Sales rose 22.47% to Rs 54.77 crore in the quarter ended September 2016 as against Rs 44.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales54.7744.72 22 OPM %20.8021.04 - PBDT12.4911.27 11 PBT11.9010.74 11 NP7.957.33 8

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Talwalkars Better value Fitness standalone net profit rises 19.60% in the September 2016 quarter
Nov 11,2016

Net profit of Talwalkars Better value Fitness rose 19.60% to Rs 27.52 crore in the quarter ended September 2016 as against Rs 23.01 crore during the previous quarter ended September 2015. Sales rose 12.28% to Rs 83.95 crore in the quarter ended September 2016 as against Rs 74.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales83.9574.77 12 OPM %62.5160.28 - PBDT47.8441.31 16 PBT39.3130.68 28 NP27.5223.01 20

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Minda Corporation standalone net profit rises 6.66% in the September 2016 quarter
Nov 11,2016

Net profit of Minda Corporation rose 6.66% to Rs 16.34 crore in the quarter ended September 2016 as against Rs 15.32 crore during the previous quarter ended September 2015. Sales rose 9.39% to Rs 196.34 crore in the quarter ended September 2016 as against Rs 179.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales196.34179.48 9 OPM %10.3214.45 - PBDT25.9625.78 1 PBT21.0021.26 -1 NP16.3415.32 7

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Parle Software reports standalone net profit of Rs 0.10 crore in the September 2016 quarter
Nov 11,2016

Net profit of Parle Software reported to Rs 0.10 crore in the quarter ended September 2016. There were no net profit/loss reported 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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Gujarat State Financial Corporation reports standalone net loss of Rs 28.62 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Gujarat State Financial Corporation reported to Rs 28.62 crore in the quarter ended September 2016 as against net loss of Rs 25.39 crore during the previous quarter ended September 2015. Sales declined 93.83% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 5.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.335.35 -94 OPM %-793.9414.95 - PBDT-31.22-25.39 -23 PBT-31.22-25.39 -23 NP-28.62-25.39 -13

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Microsec Financial Services reports standalone net loss of Rs 1.58 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Microsec Financial Services reported to Rs 1.58 crore in the quarter ended September 2016 as against net loss of Rs 0.09 crore during the previous quarter ended September 2015. Sales reported to Rs 0.07 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. Sales0.070 0 OPM %-300.000 - PBDT-0.170 0 PBT-0.24-0.09 -167 NP-1.58-0.09 -1656

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KM Sugar Mills standalone net profit declines 58.70% in the September 2016 quarter
Nov 11,2016

Net profit of KM Sugar Mills declined 58.70% to Rs 3.06 crore in the quarter ended September 2016 as against Rs 7.41 crore during the previous quarter ended September 2015. Sales declined 28.67% to Rs 50.81 crore in the quarter ended September 2016 as against Rs 71.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.8171.23 -29 OPM %13.3014.21 - PBDT5.937.46 -21 PBT4.005.31 -25 NP3.067.41 -59

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Jai Balaji Industries reports standalone net loss of Rs 57.23 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Jai Balaji Industries reported to Rs 57.23 crore in the quarter ended September 2016 as against net loss of Rs 169.88 crore during the previous quarter ended September 2015. Sales rose 23.93% to Rs 309.64 crore in the quarter ended September 2016 as against Rs 249.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales309.64249.85 24 OPM %-9.36-17.32 - PBDT-29.42-140.36 79 PBT-57.23-169.88 66 NP-57.23-169.88 66

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Goldstone Infratech standalone net profit rises 27.45% in the September 2016 quarter
Nov 11,2016

Net profit of Goldstone Infratech rose 27.45% to Rs 1.30 crore in the quarter ended September 2016 as against Rs 1.02 crore during the previous quarter ended September 2015. Sales rose 34.60% to Rs 26.92 crore in the quarter ended September 2016 as against Rs 20.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.9220.00 35 OPM %18.8321.75 - PBDT4.342.94 48 PBT2.991.55 93 NP1.301.02 27

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Hipolin reports standalone net loss of Rs 0.12 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Hipolin reported to Rs 0.12 crore in the quarter ended September 2016 as against net loss of Rs 0.30 crore during the previous quarter ended September 2015. Sales declined 21.32% to Rs 2.99 crore in the quarter ended September 2016 as against Rs 3.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.993.80 -21 OPM %-0.67-6.58 - PBDT-0.03-0.20 85 PBT-0.12-0.30 60 NP-0.12-0.30 60

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Cubical Financial Services reports standalone net profit of Rs 0.19 crore in the September 2016 quarter
Nov 11,2016

Net profit of Cubical Financial Services reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 8.47% to Rs 1.92 crore in the quarter ended September 2016 as against Rs 1.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.921.77 8 OPM %11.98-5.08 - PBDT0.23-0.08 LP PBT0.23-0.08 LP NP0.19-0.08 LP

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Ind-Swift reports standalone net loss of Rs 69.93 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Ind-Swift reported to Rs 69.93 crore in the quarter ended September 2016 as against net loss of Rs 24.11 crore during the previous quarter ended September 2015. Sales declined 9.44% to Rs 72.18 crore in the quarter ended September 2016 as against Rs 79.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales72.1879.70 -9 OPM %-77.07-10.20 - PBDT-61.05-15.08 -305 PBT-69.93-24.11 -190 NP-69.93-24.11 -190

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Kriti Industries (India) standalone net profit declines 18.46% in the September 2016 quarter
Nov 11,2016

Net profit of Kriti Industries (India) declined 18.46% to Rs 0.53 crore in the quarter ended September 2016 as against Rs 0.65 crore during the previous quarter ended September 2015. Sales declined 34.17% to Rs 60.83 crore in the quarter ended September 2016 as against Rs 92.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.8392.40 -34 OPM %7.356.71 - PBDT1.882.30 -18 PBT0.811.29 -37 NP0.530.65 -18

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Shetron standalone net profit rises 25.86% in the September 2016 quarter
Nov 11,2016

Net profit of Shetron rose 25.86% to Rs 0.73 crore in the quarter ended September 2016 as against Rs 0.58 crore during the previous quarter ended September 2015. Sales declined 6.76% to Rs 40.03 crore in the quarter ended September 2016 as against Rs 42.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.0342.93 -7 OPM %15.9615.30 - PBDT2.922.69 9 PBT1.030.80 29 NP0.730.58 26

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