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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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CHD Developers standalone net profit rises 291.89% in the September 2016 quarter
Nov 12,2016

Net profit of CHD Developers rose 291.89% to Rs 1.45 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015. Sales rose 70.76% to Rs 39.94 crore in the quarter ended September 2016 as against Rs 23.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales39.9423.39 71 OPM %11.6415.78 - PBDT2.721.18 131 PBT2.170.55 295 NP1.450.37 292

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India Gelatine & Chemicals reports standalone net loss of Rs 0.82 crore in the September 2016 quarter
Nov 12,2016

Net loss of India Gelatine & Chemicals reported to Rs 0.82 crore in the quarter ended September 2016 as against net profit of Rs 1.25 crore during the previous quarter ended September 2015. Sales declined 30.30% to Rs 15.71 crore in the quarter ended September 2016 as against Rs 22.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.7122.54 -30 OPM %-7.5710.20 - PBDT0.013.03 -100 PBT-0.841.68 PL NP-0.821.25 PL

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Advik Industries reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 12,2016

Net profit of Advik Industries 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. Sales declined 22.22% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.09 -22 OPM %14.29-11.11 - PBDT0.01-0.01 LP PBT0.01-0.01 LP NP0.01-0.01 LP

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Monte Carlo Fashions standalone net profit declines 1.69% in the September 2016 quarter
Nov 12,2016

Net profit of Monte Carlo Fashions declined 1.69% to Rs 13.40 crore in the quarter ended September 2016 as against Rs 13.63 crore during the previous quarter ended September 2015. Sales declined 9.08% to Rs 123.94 crore in the quarter ended September 2016 as against Rs 136.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales123.94136.32 -9 OPM %19.7319.54 - PBDT25.6727.79 -8 PBT19.5620.55 -5 NP13.4013.63 -2

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Kanco Tea & Industries standalone net profit declines 44.93% in the September 2016 quarter
Nov 12,2016

Net profit of Kanco Tea & Industries declined 44.93% to Rs 4.67 crore in the quarter ended September 2016 as against Rs 8.48 crore during the previous quarter ended September 2015. Sales declined 16.64% to Rs 12.47 crore in the quarter ended September 2016 as against Rs 14.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.4714.96 -17 OPM %41.5458.62 - PBDT5.038.77 -43 PBT4.678.48 -45 NP4.678.48 -45

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Ind-Swift Laboratories reports standalone net loss of Rs 14.43 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Ind-Swift Laboratories reported to Rs 14.43 crore in the quarter ended September 2016 as against net loss of Rs 15.70 crore during the previous quarter ended September 2015. Sales rose 3.41% to Rs 166.41 crore in the quarter ended September 2016 as against Rs 160.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales166.41160.92 3 OPM %17.3217.39 - PBDT7.595.71 33 PBT-14.43-15.70 8 NP-14.43-15.70 8

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Spentex Industries reports standalone net loss of Rs 30.77 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Spentex Industries reported to Rs 30.77 crore in the quarter ended September 2016 as against net loss of Rs 21.01 crore during the previous quarter ended September 2015. Sales rose 9.72% to Rs 209.25 crore in the quarter ended September 2016 as against Rs 190.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales209.25190.71 10 OPM %-4.78-1.43 - PBDT-28.00-18.27 -53 PBT-30.77-21.01 -46 NP-30.77-21.01 -46

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Bharat Petroleum Corporation standalone net profit rises 26.16% in the September 2016 quarter
Nov 12,2016

Net profit of Bharat Petroleum Corporation rose 26.16% to Rs 1305.18 crore in the quarter ended September 2016 as against Rs 1034.52 crore during the previous quarter ended September 2015. Sales declined 3.41% to Rs 44646.41 crore in the quarter ended September 2016 as against Rs 46222.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales44646.4146222.26 -3 OPM %3.092.93 - PBDT2301.301941.70 19 PBT1848.921520.37 22 NP1305.181034.52 26

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Ashnoor Textile Mills standalone net profit declines 61.15% in the September 2016 quarter
Nov 12,2016

Net profit of Ashnoor Textile Mills declined 61.15% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 1.39 crore during the previous quarter ended September 2015. Sales declined 26.16% to Rs 15.58 crore in the quarter ended September 2016 as against Rs 21.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.5821.10 -26 OPM %11.2310.24 - PBDT1.311.89 -31 PBT0.691.51 -54 NP0.541.39 -61

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Gontermann Peiper (India) reports standalone net loss of Rs 7.14 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Gontermann Peiper (India) reported to Rs 7.14 crore in the quarter ended September 2016 as against net loss of Rs 6.11 crore during the previous quarter ended September 2015. Sales declined 33.55% to Rs 19.45 crore in the quarter ended September 2016 as against Rs 29.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.4529.27 -34 OPM %-15.12-6.63 - PBDT-7.85-6.87 -14 PBT-10.01-8.80 -14 NP-7.14-6.11 -17

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Alembic standalone net profit declines 10.31% in the September 2016 quarter
Nov 12,2016

Net profit of Alembic declined 10.31% to Rs 22.61 crore in the quarter ended September 2016 as against Rs 25.21 crore during the previous quarter ended September 2015. Sales rose 19.68% to Rs 43.61 crore in the quarter ended September 2016 as against Rs 36.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.6136.44 20 OPM %8.6917.48 - PBDT28.2128.70 -2 PBT26.9627.33 -1 NP22.6125.21 -10

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Merck standalone net profit rises 119.97% in the September 2016 quarter
Nov 12,2016

Net profit of Merck rose 119.97% to Rs 27.54 crore in the quarter ended September 2016 as against Rs 12.52 crore during the previous quarter ended September 2015. Sales rose 6.91% to Rs 262.85 crore in the quarter ended September 2016 as against Rs 245.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales262.85245.87 7 OPM %17.157.77 - PBDT49.1925.45 93 PBT42.9920.18 113 NP27.5412.52 120

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CHD Developers reports consolidated net profit of Rs 1.41 crore in the September 2016 quarter
Nov 12,2016

Net profit of CHD Developers reported to Rs 1.41 crore in the quarter ended September 2016 as against net loss of Rs 0.75 crore during the previous quarter ended September 2015. Sales rose 85.48% to Rs 46.74 crore in the quarter ended September 2016 as against Rs 25.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.7425.20 85 OPM %10.3313.17 - PBDT2.790.25 1016 PBT2.22-0.38 LP NP1.41-0.75 LP

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Kanco Tea & Industries consolidated net profit declines 32.43% in the September 2016 quarter
Nov 12,2016

Net profit of Kanco Tea & Industries declined 32.43% to Rs 5.73 crore in the quarter ended September 2016 as against Rs 8.48 crore during the previous quarter ended September 2015. Sales declined 9.56% to Rs 13.53 crore in the quarter ended September 2016 as against Rs 14.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.5314.96 -10 OPM %46.1258.62 - PBDT6.098.77 -31 PBT5.738.48 -32 NP5.738.48 -32

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Tilaknagar Industries reports consolidated net loss of Rs 58.57 crore in the September 2016 quarter
Nov 12,2016

Net Loss of Tilaknagar Industries reported to Rs 58.57 crore in the quarter ended September 2016 as against net loss of Rs 70.91 crore during the previous quarter ended September 2015. Sales rose 26.41% to Rs 123.84 crore in the quarter ended September 2016 as against Rs 97.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales123.8497.97 26 OPM %-11.89-26.26 - PBDT-48.89-59.50 18 PBT-58.57-69.22 15 NP-58.57-70.91 17

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