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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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Prime Capital Market standalone net profit declines 33.33% in the September 2016 quarter
Nov 11,2016

Net profit of Prime Capital Market declined 33.33% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 2.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales02.67 -100 OPM %01.12 - PBDT0.020.03 -33 PBT0.020.03 -33 NP0.020.03 -33

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Gold Rock Investments standalone net profit rises 964.29% in the September 2016 quarter
Nov 11,2016

Net profit of Gold Rock Investments rose 964.29% to Rs 1.49 crore in the quarter ended September 2016 as against Rs 0.14 crore during the previous quarter ended September 2015. Sales rose 388.24% to Rs 1.66 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.660.34 388 OPM %90.9650.00 - PBDT1.530.16 856 PBT1.490.11 1255 NP1.490.14 964

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Premier reports standalone net loss of Rs 32.84 crore in the September 2016 quarter
Nov 11,2016

Net loss of Premier reported to Rs 32.84 crore in the quarter ended September 2016 as against net profit of Rs 0.73 crore during the previous quarter ended September 2015. Sales declined 71.50% to Rs 7.13 crore in the quarter ended September 2016 as against Rs 25.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.1325.02 -72 OPM %-119.64-18.82 - PBDT-25.42-20.15 -26 PBT-32.84-27.50 -19 NP-32.840.73 PL

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Vani Commercial reports standalone nil net profit/loss in the September 2016 quarter
Nov 11,2016

Vani Commercial reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 16.67% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.06 17 OPM %016.67 - PBDT00.01 -100 PBT00.01 -100 NP00 0

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Pradip Overseas reports standalone net loss of Rs 8.66 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Pradip Overseas reported to Rs 8.66 crore in the quarter ended September 2016 as against net loss of Rs 92.69 crore during the previous quarter ended September 2015. Sales declined 43.51% to Rs 34.60 crore in the quarter ended September 2016 as against Rs 61.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales34.6061.25 -44 OPM %-26.24-97.78 - PBDT-10.11-98.00 90 PBT-12.54-99.76 87 NP-8.66-92.69 91

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Continental Controls reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 11,2016

Net profit of Continental Controls reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 16.67% to Rs 0.95 crore in the quarter ended September 2016 as against Rs 1.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.951.14 -17 OPM %17.89-2.63 - PBDT0.15-0.03 LP PBT0.06-0.11 LP NP0.03-0.02 LP

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Dollex Industries reports standalone net loss of Rs 0.16 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Dollex Industries reported to Rs 0.16 crore in the quarter ended September 2016 as against net loss of Rs 0.10 crore during the previous quarter ended September 2015. Sales declined 79.79% to Rs 0.77 crore in the quarter ended September 2016 as against Rs 3.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.773.81 -80 OPM %-16.88-1.31 - PBDT-0.13-0.05 -160 PBT-0.16-0.10 -60 NP-0.16-0.10 -60

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Winsome Textile Industries standalone net profit rises 50.98% in the September 2016 quarter
Nov 11,2016

Net profit of Winsome Textile Industries rose 50.98% to Rs 10.81 crore in the quarter ended September 2016 as against Rs 7.16 crore during the previous quarter ended September 2015. Sales declined 1.63% to Rs 163.25 crore in the quarter ended September 2016 as against Rs 165.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales163.25165.95 -2 OPM %16.2515.29 - PBDT16.0511.46 40 PBT10.817.16 51 NP10.817.16 51

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Gagan Polycot India reports standalone net profit of Rs 0.20 crore in the September 2016 quarter
Nov 11,2016

Net profit of Gagan Polycot India reported to Rs 0.20 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 0.88% to Rs 26.22 crore in the quarter ended September 2016 as against Rs 25.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.2225.99 1 OPM %1.911.08 - PBDT0.310.11 182 PBT0.250 0 NP0.200 0

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Radford Global reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 11,2016

Net profit of Radford Global reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 6.50% to Rs 2.62 crore in the quarter ended September 2016 as against Rs 2.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.622.46 7 OPM %-0.38-0.41 - PBDT0.08-0.01 LP PBT0.05-0.04 LP NP0.04-0.04 LP

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Gratex Industries standalone net profit rises 14.29% in the September 2016 quarter
Nov 11,2016

Net profit of Gratex Industries rose 14.29% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales declined 3.13% to Rs 0.31 crore in the quarter ended September 2016 as against Rs 0.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.310.32 -3 OPM %35.4831.25 - PBDT0.110.10 10 PBT0.080.07 14 NP0.080.07 14

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Sri KPR Industries standalone net profit declines 48.37% in the September 2016 quarter
Nov 11,2016

Net profit of Sri KPR Industries declined 48.37% to Rs 0.95 crore in the quarter ended September 2016 as against Rs 1.84 crore during the previous quarter ended September 2015. Sales declined 40.33% to Rs 1.08 crore in the quarter ended September 2016 as against Rs 1.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.081.81 -40 OPM %233.3367.40 - PBDT2.532.92 -13 PBT1.892.43 -22 NP0.951.84 -48

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T T reports standalone net loss of Rs 2.63 crore in the September 2016 quarter
Nov 11,2016

Net Loss of T T reported to Rs 2.63 crore in the quarter ended September 2016 as against net loss of Rs 0.46 crore during the previous quarter ended September 2015. Sales declined 29.22% to Rs 138.56 crore in the quarter ended September 2016 as against Rs 195.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales138.56195.75 -29 OPM %2.196.36 - PBDT-1.282.85 PL PBT-5.15-0.98 -426 NP-2.63-0.46 -472

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Century Extrusions reports standalone net profit of Rs 0.22 crore in the September 2016 quarter
Nov 11,2016

Net profit of Century Extrusions reported to Rs 0.22 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 6.70% to Rs 41.56 crore in the quarter ended September 2016 as against Rs 38.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.5638.95 7 OPM %5.804.24 - PBDT1.070.73 47 PBT0.26-0.16 LP NP0.22-0.02 LP

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Spel Semiconductor reports standalone net loss of Rs 2.31 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Spel Semiconductor reported to Rs 2.31 crore in the quarter ended September 2016 as against net loss of Rs 2.26 crore during the previous quarter ended September 2015. Sales rose 7.32% to Rs 9.09 crore in the quarter ended September 2016 as against Rs 8.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.098.47 7 OPM %-6.161.18 - PBDT-0.72-0.78 8 PBT-2.31-2.11 -9 NP-2.31-2.26 -2

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