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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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Karur Vysya Bank standalone net profit rises 1.11% in the June 2017 quarter
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Net profit of Karur Vysya Bank rose 1.11% to Rs 147.97 crore in the quarter ended June 2017 as against Rs 146.35 crore during the previous quarter ended June 2016. Total Operating Income declined 0.07% to Rs 1384.08 crore in the quarter ended June 2017 as against Rs 1385.03 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Total Operating Income1384.081385.03 0 OPM %59.6269.15 - PBDT215.97216.10 0 PBT215.97216.10 0 NP147.97146.35 1

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Leena Consultancy reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
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Net Loss of Leena Consultancy reported to Rs 0.03 crore in the quarter ended June 2017 as against net loss of Rs 0.02 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Biocon consolidated net profit declines 51.20% in the June 2017 quarter
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Net profit of Biocon declined 51.20% to Rs 81.30 crore in the quarter ended June 2017 as against Rs 166.60 crore during the previous quarter ended June 2016. Sales declined 5.60% to Rs 927.40 crore in the quarter ended June 2017 as against Rs 982.40 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales927.40982.40 -6 OPM %20.7126.78 - PBDT234.10303.70 -23 PBT135.30237.60 -43 NP81.30166.60 -51

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Sagar Cements reports consolidated net profit of Rs 9.97 crore in the June 2017 quarter
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Net profit of Sagar Cements reported to Rs 9.97 crore in the quarter ended June 2017 as against net loss of Rs 0.26 crore during the previous quarter ended June 2016. Sales rose 31.06% to Rs 258.76 crore in the quarter ended June 2017 as against Rs 197.43 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales258.76197.43 31 OPM %16.4213.16 - PBDT29.6512.53 137 PBT17.021.26 1251 NP9.97-0.26 LP

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ANG Industries reports consolidated net loss of Rs 26.75 crore in the June 2017 quarter
Jul 28,2017

Net Loss of ANG Industries reported to Rs 26.75 crore in the quarter ended June 2017 as against net loss of Rs 44.20 crore during the previous quarter ended June 2016. Sales declined 51.59% to Rs 8.85 crore in the quarter ended June 2017 as against Rs 18.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales8.8518.28 -52 OPM %-258.87-207.60 - PBDT-24.71-42.28 42 PBT-26.75-46.56 43 NP-26.75-44.20 39

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Biocon standalone net profit declines 61.46% in the June 2017 quarter
Jul 28,2017

Net profit of Biocon declined 61.46% to Rs 54.50 crore in the quarter ended June 2017 as against Rs 141.40 crore during the previous quarter ended June 2016. Sales declined 17.46% to Rs 574.30 crore in the quarter ended June 2017 as against Rs 695.80 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales574.30695.80 -17 OPM %15.0125.77 - PBDT111.40208.20 -46 PBT74.20171.70 -57 NP54.50141.40 -61

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Millennium Cybertech reports standalone nil net profit/loss in the June 2017 quarter
Jul 28,2017

Millennium Cybertech reported no net profit/loss in the quarter ended June 2017 as against net loss of Rs 0.01 crore during the previous quarter ended June 2016. Sales declined 50.00% to Rs 0.14 crore in the quarter ended June 2017 as against Rs 0.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.140.28 -50 OPM %0-3.57 - PBDT0-0.01 100 PBT0-0.01 100 NP0-0.01 100

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India Motor Parts & Accessories standalone net profit declines 24.75% in the June 2017 quarter
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Net profit of India Motor Parts & Accessories declined 24.75% to Rs 6.08 crore in the quarter ended June 2017 as against Rs 8.08 crore during the previous quarter ended June 2016. Sales declined 9.65% to Rs 123.81 crore in the quarter ended June 2017 as against Rs 137.03 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales123.81137.03 -10 OPM %5.626.93 - PBDT9.0512.05 -25 PBT8.8511.86 -25 NP6.088.08 -25

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Rolcon Engineering Company reports standalone net loss of Rs 0.05 crore in the June 2017 quarter
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Net Loss of Rolcon Engineering Company reported to Rs 0.05 crore in the quarter ended June 2017 as against net loss of Rs 0.33 crore during the previous quarter ended June 2016. Sales rose 13.19% to Rs 6.78 crore in the quarter ended June 2017 as against Rs 5.99 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales6.785.99 13 OPM %0-3.17 - PBDT0.16-0.12 LP PBT-0.05-0.33 85 NP-0.05-0.33 85

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Sagar Cements standalone net profit rises 267.47% in the June 2017 quarter
Jul 28,2017

Net profit of Sagar Cements rose 267.47% to Rs 16.83 crore in the quarter ended June 2017 as against Rs 4.58 crore during the previous quarter ended June 2016. Sales rose 37.08% to Rs 186.99 crore in the quarter ended June 2017 as against Rs 136.41 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales186.99136.41 37 OPM %19.089.54 - PBDT33.6114.67 129 PBT25.968.23 215 NP16.834.58 267

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ANG Industries reports standalone net loss of Rs 26.69 crore in the June 2017 quarter
Jul 28,2017

Net Loss of ANG Industries reported to Rs 26.69 crore in the quarter ended June 2017 as against net loss of Rs 46.22 crore during the previous quarter ended June 2016. Sales declined 51.88% to Rs 8.83 crore in the quarter ended June 2017 as against Rs 18.35 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales8.8318.35 -52 OPM %-258.66-205.07 - PBDT-24.64-41.95 41 PBT-26.69-46.22 42 NP-26.69-46.22 42

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Glenmark Pharmaceuticals consolidated net profit rises 47.01% in the June 2017 quarter
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Net profit of Glenmark Pharmaceuticals rose 47.01% to Rs 333.38 crore in the quarter ended June 2017 as against Rs 226.78 crore during the previous quarter ended June 2016. Sales rose 21.99% to Rs 2329.39 crore in the quarter ended June 2017 as against Rs 1909.54 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2329.391909.54 22 OPM %24.7919.85 - PBDT521.88411.95 27 PBT444.14347.71 28 NP333.38226.78 47

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Reliance Capital consolidated net profit rises 14.98% in the June 2017 quarter
Jul 28,2017

Net profit of Reliance Capital rose 14.98% to Rs 238.00 crore in the quarter ended June 2017 as against Rs 207.00 crore during the previous quarter ended June 2016. Sales rose 33.17% to Rs 4850.00 crore in the quarter ended June 2017 as against Rs 3642.00 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales4850.003642.00 33 OPM %27.7528.47 - PBDT398.00349.00 14 PBT366.00325.00 13 NP238.00207.00 15

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WABCO India standalone net profit declines 27.49% in the June 2017 quarter
Jul 28,2017

Net profit of WABCO India declined 27.49% to Rs 54.22 crore in the quarter ended June 2017 as against Rs 74.78 crore during the previous quarter ended June 2016. Sales declined 3.23% to Rs 495.84 crore in the quarter ended June 2017 as against Rs 512.39 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales495.84512.39 -3 OPM %15.9420.64 - PBDT89.53115.10 -22 PBT74.3199.95 -26 NP54.2274.78 -27

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Syngene International standalone net profit rises 3.68% in the June 2017 quarter
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Net profit of Syngene International rose 3.68% to Rs 62.00 crore in the quarter ended June 2017 as against Rs 59.80 crore during the previous quarter ended June 2016. Sales rose 6.05% to Rs 291.10 crore in the quarter ended June 2017 as against Rs 274.50 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales291.10274.50 6 OPM %32.9832.35 - PBDT107.9099.50 8 PBT76.0072.90 4 NP62.0059.80 4

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