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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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Grovy India reports standalone net profit of Rs 0.07 crore in the September 2016 quarter
Nov 11,2016

Net profit of Grovy India remain constant at Rs 0.07 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales reported to Rs 0.11 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. Sales0.110 0 OPM %63.640 - PBDT0.070.07 0 PBT0.070.07 0 NP0.070.07 0

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Energy Development Company standalone net profit declines 10.38% in the September 2016 quarter
Nov 11,2016

Net profit of Energy Development Company declined 10.38% to Rs 3.28 crore in the quarter ended September 2016 as against Rs 3.66 crore during the previous quarter ended September 2015. Sales rose 522.59% to Rs 52.92 crore in the quarter ended September 2016 as against Rs 8.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales52.928.50 523 OPM %9.2063.76 - PBDT3.985.12 -22 PBT3.224.28 -25 NP3.283.66 -10

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Sen Pet (India) reports standalone net loss of Rs 0.14 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Sen Pet (India) reported to Rs 0.14 crore in the quarter ended September 2016 as against net loss of Rs 0.24 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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GRM Overseas standalone net profit declines 8.57% in the September 2016 quarter
Nov 11,2016

Net profit of GRM Overseas declined 8.57% to Rs 0.64 crore in the quarter ended September 2016 as against Rs 0.70 crore during the previous quarter ended September 2015. Sales rose 74.92% to Rs 132.54 crore in the quarter ended September 2016 as against Rs 75.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales132.5475.77 75 OPM %1.933.14 - PBDT1.481.54 -4 PBT0.951.04 -9 NP0.640.70 -9

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Khandelwal Extractions reports standalone net profit of Rs 1.04 crore in the September 2016 quarter
Nov 11,2016

Net profit of Khandelwal Extractions reported to Rs 1.04 crore in the quarter ended September 2016 as against net loss of Rs 0.09 crore during the previous quarter ended September 2015. Sales rose 85.75% to Rs 8.08 crore in the quarter ended September 2016 as against Rs 4.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.084.35 86 OPM %13.24-2.07 - PBDT1.05-0.08 LP PBT1.04-0.09 LP NP1.04-0.09 LP

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Eastern Treads standalone net profit declines 37.50% in the September 2016 quarter
Nov 11,2016

Net profit of Eastern Treads declined 37.50% to Rs 0.45 crore in the quarter ended September 2016 as against Rs 0.72 crore during the previous quarter ended September 2015. Sales rose 6.01% to Rs 21.70 crore in the quarter ended September 2016 as against Rs 20.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.7020.47 6 OPM %4.988.06 - PBDT1.051.34 -22 PBT0.681.06 -36 NP0.450.72 -38

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Jagan Lamps standalone net profit rises 20.00% in the September 2016 quarter
Nov 11,2016

Net profit of Jagan Lamps rose 20.00% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales declined 29.67% to Rs 2.56 crore in the quarter ended September 2016 as against Rs 3.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.563.64 -30 OPM %24.2210.44 - PBDT0.610.37 65 PBT0.180.20 -10 NP0.180.15 20

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India Home Loans standalone net profit rises 27.59% in the September 2016 quarter
Nov 11,2016

Net profit of India Home Loans rose 27.59% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 32.69% to Rs 1.38 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. Sales1.381.04 33 OPM %66.6759.62 - PBDT0.560.47 19 PBT0.550.46 20 NP0.370.29 28

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Bagadia Colourchem reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Bagadia Colourchem reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.20 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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South India Projects standalone net profit declines 26.67% in the September 2016 quarter
Nov 11,2016

Net profit of South India Projects declined 26.67% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 580.00% to Rs 1.02 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.020.15 580 OPM %15.69100.00 - PBDT0.160.15 7 PBT0.160.15 7 NP0.110.15 -27

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Shree Salasar Investments reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net profit of Shree Salasar Investments reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.10 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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Simran Farms reports standalone net loss of Rs 14.70 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Simran Farms reported to Rs 14.70 crore in the quarter ended September 2016 as against net loss of Rs 5.72 crore during the previous quarter ended September 2015. Sales declined 7.54% to Rs 93.55 crore in the quarter ended September 2016 as against Rs 101.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales93.55101.18 -8 OPM %-14.28-3.97 - PBDT-14.90-5.50 -171 PBT-15.46-5.99 -158 NP-14.70-5.72 -157

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P. H. Capital standalone net profit rises 204.35% in the September 2016 quarter
Nov 11,2016

Net profit of P. H. Capital rose 204.35% to Rs 1.40 crore in the quarter ended September 2016 as against Rs 0.46 crore during the previous quarter ended September 2015. Sales rose 48.32% to Rs 11.05 crore in the quarter ended September 2016 as against Rs 7.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.057.45 48 OPM %17.479.80 - PBDT1.930.59 227 PBT1.910.57 235 NP1.400.46 204

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Keynote Corporate Services reports standalone net loss of Rs 0.20 crore in the September 2016 quarter
Nov 11,2016

Net loss of Keynote Corporate Services reported to Rs 0.20 crore in the quarter ended September 2016 as against net profit of Rs 1.47 crore during the previous quarter ended September 2015. Sales declined 86.86% to Rs 0.36 crore in the quarter ended September 2016 as against Rs 2.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.362.74 -87 OPM %-225.0050.73 - PBDT-0.082.16 PL PBT-0.192.05 PL NP-0.201.47 PL

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Integra Switchgear reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Integra Switchgear reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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