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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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Polymechplast Machines standalone net profit declines 38.89% in the March 2017 quarter
May 29,2017

Net profit of Polymechplast Machines declined 38.89% to Rs 0.44 crore in the quarter ended March 2017 as against Rs 0.72 crore during the previous quarter ended March 2016. Sales declined 15.69% to Rs 10.21 crore in the quarter ended March 2017 as against Rs 12.11 crore during the previous quarter ended March 2016.

For the full year,net profit rose 33.33% to Rs 1.00 crore in the year ended March 2017 as against Rs 0.75 crore during the previous year ended March 2016. Sales rose 0.66% to Rs 33.72 crore in the year ended March 2017 as against Rs 33.50 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales10.2112.11 -16 33.7233.50 1 OPM %9.7910.07 -6.265.43 - PBDT0.811.01 -20 1.611.26 28 PBT0.710.94 -24 1.300.97 34 NP0.440.72 -39 1.000.75 33

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J J Finance Corporation standalone net profit declines 80.00% in the March 2017 quarter
May 29,2017

Net profit of J J Finance Corporation declined 80.00% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016. Sales declined 52.94% to Rs 0.08 crore in the quarter ended March 2017 as against Rs 0.17 crore during the previous quarter ended March 2016.

For the full year,net profit rose 83.33% to Rs 0.33 crore in the year ended March 2017 as against Rs 0.18 crore during the previous year ended March 2016. Sales rose 50.00% to Rs 0.63 crore in the year ended March 2017 as against Rs 0.42 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.080.17 -53 0.630.42 50 OPM %37.5064.71 -66.6754.76 - PBDT0.030.11 -73 0.420.23 83 PBT0.030.11 -73 0.410.22 86 NP0.020.10 -80 0.330.18 83

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BWL reports standalone net loss of Rs 0.14 crore in the March 2017 quarter
May 29,2017

Net Loss of BWL reported to Rs 0.14 crore in the quarter ended March 2017 as against net loss of Rs 0.08 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.48 crore in the year ended March 2017 as against net loss of Rs 0.29 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Escorts standalone net profit rises 223.79% in the March 2017 quarter
May 29,2017

Net profit of Escorts rose 223.79% to Rs 59.48 crore in the quarter ended March 2017 as against Rs 18.37 crore during the previous quarter ended March 2016. Sales rose 29.64% to Rs 1022.31 crore in the quarter ended March 2017 as against Rs 788.55 crore during the previous quarter ended March 2016.

For the full year,net profit rose 91.57% to Rs 160.44 crore in the year ended March 2017 as against Rs 83.75 crore during the previous year ended March 2016. Sales rose 21.58% to Rs 4093.16 crore in the year ended March 2017 as against Rs 3366.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1022.31788.55 30 4093.163366.76 22 OPM %7.275.15 -6.914.75 - PBDT81.8243.90 86 295.36166.04 78 PBT65.0930.83 111 232.29108.54 114 NP59.4818.37 224 160.4483.75 92

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Board of Rishiroop recommends final dividend
May 29,2017

Rishiroop announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of NMDC recommends final dividend
May 29,2017

NMDC announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Board of Rane Holdings recommends final dividend
May 29,2017

Rane Holdings announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Board of Orissa Minerals Development Company recommends final dividend
May 29,2017

Orissa Minerals Development Company announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1.46 per equity Share (i.e. 146%) , subject to the approval of the shareholders.

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Board of Polyspin Exports recommends final dividend
May 29,2017

Polyspin Exports announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1.2 per equity Share (i.e. 12%) , subject to the approval of the shareholders.

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Board of Patel Integrated Logistics recommends final dividend
May 29,2017

Patel Integrated Logistics announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of Raj Packaging Industries recommends final dividend
May 29,2017

Raj Packaging Industries announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Board of Nila Infrastructures recommends final dividend
May 29,2017

Nila Infrastructures announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 0.11 per equity Share (i.e. 11%) , subject to the approval of the shareholders.

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Board of Rajesh Exports recommends final dividend
May 29,2017

Rajesh Exports announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1.1 per equity Share (i.e. 110%) , subject to the approval of the shareholders.

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Board of Rossell India recommends final dividend
May 29,2017

Rossell India announced that the Board of Directors of the Company at its meeting held on 25 May 2017, inter alia, have recommended the final dividend of Rs 0.2 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Board of Centrum Capital approves fund raising of up to Rs 1000 cr
May 29,2017

Centrum Capital announced that the Board of Directors of the Company at its meeting held on 29 May 2017 has approved to raise additional resources upto maximum amount of Rs 1000 Crore through FPO/QIP etc. The Board also noted the resignation of Vivek Vig & Pankaj Thapar, Non-Executive Directors of the Company w.e.f 29 May 2017.

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