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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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Ashapura Minechem consolidated net profit declines 76.06% in the September 2016 quarter
Nov 11,2016

Net profit of Ashapura Minechem declined 76.06% to Rs 10.83 crore in the quarter ended September 2016 as against Rs 45.24 crore during the previous quarter ended September 2015. Sales declined 31.57% to Rs 267.34 crore in the quarter ended September 2016 as against Rs 390.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales267.34390.65 -32 OPM %15.1417.44 - PBDT37.0966.84 -45 PBT22.0356.50 -61 NP10.8345.24 -76

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ICDS consolidated net profit declines 17.95% in the September 2016 quarter
Nov 11,2016

Net profit of ICDS declined 17.95% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015. Sales declined 66.22% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 1.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.501.48 -66 OPM %48.0018.24 - PBDT0.430.44 -2 PBT0.390.41 -5 NP0.320.39 -18

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Jain Irrigation Systems reports consolidated net profit of Rs 28.05 crore in the September 2016 quarter
Nov 11,2016

Net profit of Jain Irrigation Systems reported to Rs 28.05 crore in the quarter ended September 2016 as against net loss of Rs 5.42 crore during the previous quarter ended September 2015. Sales rose 9.22% to Rs 1424.88 crore in the quarter ended September 2016 as against Rs 1304.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1424.881304.65 9 OPM %13.4211.83 - PBDT85.7550.43 70 PBT11.96-13.51 LP NP28.05-5.42 LP

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SRF consolidated net profit rises 16.78% in the September 2016 quarter
Nov 11,2016

Net profit of SRF rose 16.78% to Rs 119.26 crore in the quarter ended September 2016 as against Rs 102.12 crore during the previous quarter ended September 2015. Sales declined 2.27% to Rs 1122.65 crore in the quarter ended September 2016 as against Rs 1148.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1122.651148.67 -2 OPM %21.3620.73 - PBDT222.55211.56 5 PBT149.05138.24 8 NP119.26102.12 17

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Ace Men Engg Works reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net profit of Ace Men Engg Works remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.26 -100 OPM %03.85 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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James Warren Tea standalone net profit rises 6.60% in the September 2016 quarter
Nov 11,2016

Net profit of James Warren Tea rose 6.60% to Rs 17.45 crore in the quarter ended September 2016 as against Rs 16.37 crore during the previous quarter ended September 2015. Sales declined 22.68% to Rs 35.35 crore in the quarter ended September 2016 as against Rs 45.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales35.3545.72 -23 OPM %42.8042.30 - PBDT17.3920.85 -17 PBT16.6119.97 -17 NP17.4516.37 7

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Concrete Credit reports standalone nil net profit/loss in the September 2016 quarter
Nov 11,2016

Concrete Credit reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales declined 67.11% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.250.76 -67 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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AVTIL Enterprise standalone net profit declines 52.94% in the September 2016 quarter
Nov 11,2016

Net profit of AVTIL Enterprise declined 52.94% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales declined 63.33% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.110.30 -63 OPM %90.9180.00 - PBDT0.100.24 -58 PBT0.090.22 -59 NP0.080.17 -53

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North Eastern Carrying Corporation standalone net profit rises 3.03% in the September 2016 quarter
Nov 11,2016

Net profit of North Eastern Carrying Corporation rose 3.03% to Rs 1.70 crore in the quarter ended September 2016 as against Rs 1.65 crore during the previous quarter ended September 2015. Sales declined 3.07% to Rs 124.24 crore in the quarter ended September 2016 as against Rs 128.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales124.24128.18 -3 OPM %3.713.87 - PBDT3.123.29 -5 PBT2.502.41 4 NP1.701.65 3

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Aksh Optifibre standalone net profit declines 74.06% in the September 2016 quarter
Nov 11,2016

Net profit of Aksh Optifibre declined 74.06% to Rs 2.34 crore in the quarter ended September 2016 as against Rs 9.02 crore during the previous quarter ended September 2015. Sales declined 24.75% to Rs 84.11 crore in the quarter ended September 2016 as against Rs 111.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales84.11111.78 -25 OPM %11.5813.83 - PBDT8.8213.75 -36 PBT4.029.09 -56 NP2.349.02 -74

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Centenial Surgical Suture reports standalone net profit of Rs 0.29 crore in the September 2016 quarter
Nov 11,2016

Net profit of Centenial Surgical Suture remain constant at Rs 0.29 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 1.04% to Rs 12.36 crore in the quarter ended September 2016 as against Rs 12.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.3612.49 -1 OPM %7.617.77 - PBDT0.620.62 0 PBT0.450.44 2 NP0.290.29 0

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Pankaj Polymers reports standalone net loss of Rs 0.37 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Pankaj Polymers reported to Rs 0.37 crore in the quarter ended September 2016 as against net loss of Rs 0.22 crore during the previous quarter ended September 2015. Sales declined 36.63% to Rs 1.09 crore in the quarter ended September 2016 as against Rs 1.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.091.72 -37 OPM %-16.51-15.70 - PBDT-0.27-0.08 -238 PBT-0.37-0.21 -76 NP-0.37-0.22 -68

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Pranavaditya Spinning Mills reports standalone net loss of Rs 0.29 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Pranavaditya Spinning Mills reported to Rs 0.29 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales declined 22.33% to Rs 12.38 crore in the quarter ended September 2016 as against Rs 15.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.3815.94 -22 OPM %-0.890.38 - PBDT-0.18-0.01 -1700 PBT-0.43-0.33 -30 NP-0.29-0.23 -26

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Atlanta Infrastructure & Finance reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 11,2016

Net loss of Atlanta Infrastructure & Finance reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.29 -100 OPM %06.90 - PBDT-0.020.02 PL PBT-0.020.02 PL NP-0.020.02 PL

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Vallabha Poly-Plast International reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net loss of Vallabha Poly-Plast International reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported 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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