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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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Ashiana Housing standalone net profit rises 1572.04% in the December 2016 quarter
Feb 15,2017

Net profit of Ashiana Housing rose 1572.04% to Rs 15.55 crore in the quarter ended December 2016 as against Rs 0.93 crore during the previous quarter ended December 2015. Sales rose 11.56% to Rs 26.16 crore in the quarter ended December 2016 as against Rs 23.45 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales26.1623.45 12 OPM %55.12-1.11 - PBDT17.273.40 408 PBT15.291.50 919 NP15.550.93 1572

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Apollo Finvest (India) reports standalone net loss of Rs 0.49 crore in the December 2016 quarter
Feb 15,2017

Net loss of Apollo Finvest (India) reported to Rs 0.49 crore in the quarter ended December 2016 as against net profit of Rs 0.39 crore during the previous quarter ended December 2015. Sales declined 62.75% to Rs 0.19 crore in the quarter ended December 2016 as against Rs 0.51 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.190.51 -63 OPM %-263.1670.59 - PBDT-0.480.42 PL PBT-0.500.39 PL NP-0.490.39 PL

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Autolite (India) standalone net profit declines 57.14% in the December 2016 quarter
Feb 15,2017

Net profit of Autolite (India) declined 57.14% to Rs 0.18 crore in the quarter ended December 2016 as against Rs 0.42 crore during the previous quarter ended December 2015. Sales declined 20.38% to Rs 26.95 crore in the quarter ended December 2016 as against Rs 33.85 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales26.9533.85 -20 OPM %7.798.04 - PBDT0.881.01 -13 PBT0.180.42 -57 NP0.180.42 -57

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Rathi Steel & Power reports standalone net loss of Rs 9.31 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Rathi Steel & Power reported to Rs 9.31 crore in the quarter ended December 2016 as against net loss of Rs 28.23 crore during the previous quarter ended December 2015. Sales declined 26.27% to Rs 77.59 crore in the quarter ended December 2016 as against Rs 105.24 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales77.59105.24 -26 OPM %-0.45-17.72 - PBDT-3.46-22.31 84 PBT-9.31-28.23 67 NP-9.31-28.23 67

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Talbros Automotive Components standalone net profit rises 5.57% in the December 2016 quarter
Feb 15,2017

Net profit of Talbros Automotive Components rose 5.57% to Rs 3.41 crore in the quarter ended December 2016 as against Rs 3.23 crore during the previous quarter ended December 2015. Sales rose 6.28% to Rs 79.35 crore in the quarter ended December 2016 as against Rs 74.66 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales79.3574.66 6 OPM %9.6311.08 - PBDT5.876.86 -14 PBT3.033.86 -22 NP3.413.23 6

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Orient Abrasives standalone net profit declines 71.76% in the December 2016 quarter
Feb 15,2017

Net profit of Orient Abrasives declined 71.76% to Rs 2.55 crore in the quarter ended December 2016 as against Rs 9.03 crore during the previous quarter ended December 2015. Sales declined 48.50% to Rs 49.82 crore in the quarter ended December 2016 as against Rs 96.74 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales49.8296.74 -49 OPM %12.7717.62 - PBDT5.1416.01 -68 PBT3.0613.26 -77 NP2.559.03 -72

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SSPDL consolidated net profit rises 2250.00% in the December 2016 quarter
Feb 15,2017

Net profit of SSPDL rose 2250.00% to Rs 0.47 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015. Sales rose 9.38% to Rs 21.11 crore in the quarter ended December 2016 as against Rs 19.30 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales21.1119.30 9 OPM %8.052.80 - PBDT0.970.65 49 PBT0.860.44 95 NP0.470.02 2250

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Lakshmi Energy & Foods reports consolidated net profit of Rs 18.83 crore in the December 2016 quarter
Feb 15,2017

Net profit of Lakshmi Energy & Foods reported to Rs 18.83 crore in the quarter ended December 2016 as against net loss of Rs 24.70 crore during the previous quarter ended December 2015. Sales rose 2.38% to Rs 267.69 crore in the quarter ended December 2016 as against Rs 261.47 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales267.69261.47 2 OPM %13.783.42 - PBDT27.92-20.04 LP PBT20.08-25.59 LP NP18.83-24.70 LP

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Adani Enterprises consolidated net profit rises 61.72% in the December 2016 quarter
Feb 15,2017

Net profit of Adani Enterprises rose 61.72% to Rs 339.96 crore in the quarter ended December 2016 as against Rs 210.22 crore during the previous quarter ended December 2015. Sales rose 9.10% to Rs 8602.77 crore in the quarter ended December 2016 as against Rs 7884.94 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales8602.777884.94 9 OPM %6.485.12 - PBDT363.32298.69 22 PBT148.93223.60 -33 NP339.96210.22 62

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Ashiana Housing consolidated net profit rises 2143.66% in the December 2016 quarter
Feb 15,2017

Net profit of Ashiana Housing rose 2143.66% to Rs 15.93 crore in the quarter ended December 2016 as against Rs 0.71 crore during the previous quarter ended December 2015. Sales rose 11.23% to Rs 33.18 crore in the quarter ended December 2016 as against Rs 29.83 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales33.1829.83 11 OPM %45.03-3.92 - PBDT17.855.19 244 PBT15.842.35 574 NP15.930.71 2144

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Sterling International Enterprises reports consolidated net loss of Rs 33.05 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Sterling International Enterprises reported to Rs 33.05 crore in the quarter ended December 2016 as against net loss of Rs 14.61 crore during the previous quarter ended December 2015. Sales declined 20.68% to Rs 108.19 crore in the quarter ended December 2016 as against Rs 136.40 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales108.19136.40 -21 OPM %39.8642.74 - PBDT37.3754.17 -31 PBT-33.06-14.56 -127 NP-33.05-14.61 -126

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Talbros Automotive Components consolidated net profit rises 15.42% in the December 2016 quarter
Feb 15,2017

Net profit of Talbros Automotive Components rose 15.42% to Rs 4.49 crore in the quarter ended December 2016 as against Rs 3.89 crore during the previous quarter ended December 2015. Sales rose 7.39% to Rs 102.42 crore in the quarter ended December 2016 as against Rs 95.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales102.4295.37 7 OPM %9.9710.62 - PBDT8.278.95 -8 PBT4.695.10 -8 NP4.493.89 15

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Kapil Raj Finance standalone net profit declines 50.00% in the December 2016 quarter
Feb 15,2017

Net profit of Kapil Raj Finance declined 50.00% to Rs 0.05 crore in the quarter ended December 2016 as against Rs 0.10 crore during the previous quarter ended December 2015. Sales declined 77.78% to Rs 0.06 crore in the quarter ended December 2016 as against Rs 0.27 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.060.27 -78 OPM %-16.67-7.41 - PBDT0.070.10 -30 PBT0.070.10 -30 NP0.050.10 -50

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Sujala Trading & Holdings reports standalone net loss of Rs 0.06 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Sujala Trading & Holdings reported to Rs 0.06 crore in the quarter ended December 2016 as against net loss of Rs 0.04 crore during the previous quarter ended December 2015. Sales rose 357.14% to Rs 0.64 crore in the quarter ended December 2016 as against Rs 0.14 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.640.14 357 OPM %-9.38-28.57 - PBDT-0.06-0.04 -50 PBT-0.06-0.04 -50 NP-0.06-0.04 -50

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Consolidated Construction Consortium reports standalone net loss of Rs 28.83 crore in the December 2016 quarter
Feb 15,2017

Net Loss of Consolidated Construction Consortium reported to Rs 28.83 crore in the quarter ended December 2016 as against net loss of Rs 40.51 crore during the previous quarter ended December 2015. Sales rose 56.81% to Rs 161.22 crore in the quarter ended December 2016 as against Rs 102.81 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales161.22102.81 57 OPM %5.15-11.46 - PBDT-26.57-37.60 29 PBT-28.83-40.51 29 NP-28.83-40.51 29

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