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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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Saint-Gobain Sekurit India standalone net profit declines 35.94% in the June 2017 quarter
Jul 29,2017

Net profit of Saint-Gobain Sekurit India declined 35.94% to Rs 1.80 crore in the quarter ended June 2017 as against Rs 2.81 crore during the previous quarter ended June 2016. Sales declined 9.95% to Rs 30.94 crore in the quarter ended June 2017 as against Rs 34.36 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales30.9434.36 -10 OPM %13.7016.47 - PBDT4.926.07 -19 PBT2.774.27 -35 NP1.802.81 -36

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Mangalore Chemicals & Fertilizers reports standalone net loss of Rs 3.19 crore in the June 2017 quarter
Jul 29,2017

Net Loss of Mangalore Chemicals & Fertilizers reported to Rs 3.19 crore in the quarter ended June 2017 as against net loss of Rs 8.36 crore during the previous quarter ended June 2016. Sales rose 6.24% to Rs 592.85 crore in the quarter ended June 2017 as against Rs 558.01 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales592.85558.01 6 OPM %4.896.66 - PBDT4.80-4.54 LP PBT-4.07-12.76 68 NP-3.19-8.36 62

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Sharda Cropchem consolidated net profit rises 5.75% in the June 2017 quarter
Jul 29,2017

Net profit of Sharda Cropchem rose 5.75% to Rs 43.22 crore in the quarter ended June 2017 as against Rs 40.87 crore during the previous quarter ended June 2016. Sales rose 8.41% to Rs 341.12 crore in the quarter ended June 2017 as against Rs 314.67 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales341.12314.67 8 OPM %18.2321.14 - PBDT76.9770.50 9 PBT61.5057.79 6 NP43.2240.87 6

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Mysore Paper Mills reports standalone net loss of Rs 45.42 crore in the June 2017 quarter
Jul 29,2017

Net Loss of Mysore Paper Mills reported to Rs 45.42 crore in the quarter ended June 2017 as against net loss of Rs 31.09 crore during the previous quarter ended June 2016. Sales declined 97.95% to Rs 0.51 crore in the quarter ended June 2017 as against Rs 24.88 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.5124.88 -98 OPM %-6290.20-69.94 - PBDT-42.82-28.44 -51 PBT-45.42-31.09 -46 NP-45.42-31.09 -46

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India Home Loans standalone net profit rises 64.52% in the June 2017 quarter
Jul 29,2017

Net profit of India Home Loans rose 64.52% to Rs 0.51 crore in the quarter ended June 2017 as against Rs 0.31 crore during the previous quarter ended June 2016. Sales rose 72.80% to Rs 2.16 crore in the quarter ended June 2017 as against Rs 1.25 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2.161.25 73 OPM %56.0268.00 - PBDT0.730.49 49 PBT0.670.48 40 NP0.510.31 65

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Himalya International reports standalone net loss of Rs 0.93 crore in the June 2017 quarter
Jul 29,2017

Net Loss of Himalya International reported to Rs 0.93 crore in the quarter ended June 2017 as against net loss of Rs 0.42 crore during the previous quarter ended June 2016. Sales declined 5.90% to Rs 28.55 crore in the quarter ended June 2017 as against Rs 30.34 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales28.5530.34 -6 OPM %21.8620.96 - PBDT1.922.46 -22 PBT-0.93-0.42 -121 NP-0.93-0.42 -121

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NEPC Textiles reports standalone nil net profit/loss in the June 2017 quarter
Jul 29,2017

NEPC Textiles reported no net profit/loss in the quarter ended June 2017 and 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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Seshasayee Paper & Boards standalone net profit declines 9.83% in the June 2017 quarter
Jul 29,2017

Net profit of Seshasayee Paper & Boards declined 9.83% to Rs 21.75 crore in the quarter ended June 2017 as against Rs 24.12 crore during the previous quarter ended June 2016. Sales declined 1.32% to Rs 238.64 crore in the quarter ended June 2017 as against Rs 241.83 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales238.64241.83 -1 OPM %16.7118.10 - PBDT37.1538.24 -3 PBT28.9030.15 -4 NP21.7524.12 -10

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Dynemic Products standalone net profit rises 5.39% in the June 2017 quarter
Jul 29,2017

Net profit of Dynemic Products rose 5.39% to Rs 3.13 crore in the quarter ended June 2017 as against Rs 2.97 crore during the previous quarter ended June 2016. Sales rose 33.94% to Rs 41.44 crore in the quarter ended June 2017 as against Rs 30.94 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales41.4430.94 34 OPM %14.3818.81 - PBDT5.635.40 4 PBT4.824.62 4 NP3.132.97 5

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Tirupati Fin-Lease reports standalone net profit of Rs 0.02 crore in the June 2017 quarter
Jul 29,2017

Net profit of Tirupati Fin-Lease remain constant at Rs 0.02 crore in the quarter ended June 2017 and also during the previous quarter ended June 2016. Sales rose 1221.43% to Rs 3.70 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. Sales3.700.28 1221 OPM %03.57 - PBDT0.020.02 0 PBT0.020.02 0 NP0.020.02 0

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S T Services reports standalone nil net profit/loss in the June 2017 quarter
Jul 29,2017

S T Services reported no net profit/loss in the quarter ended June 2017 and during the previous quarter ended June 2016. Sales declined 20.00% to Rs 0.04 crore in the quarter ended June 2017 as against Rs 0.05 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.040.05 -20 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Sai Television reports standalone nil net profit/loss in the June 2017 quarter
Jul 29,2017

Sai Television reported no net profit/loss in the quarter ended June 2017 and 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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National Wind Power Corporation reports standalone nil net profit/loss in the June 2017 quarter
Jul 29,2017

National Wind Power Corporation reported no net profit/loss in the quarter ended June 2017 and 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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Sanghi Corporate Services reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
Jul 29,2017

Net Loss of Sanghi Corporate Services reported to Rs 0.04 crore in the quarter ended June 2017 as against net loss of Rs 0.01 crore during the previous quarter ended June 2016. Sales reported to Rs -0.04 crore in the quarter ended June 2017. There were no Sales reported during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales-0.040 0 OPM %100.000 - PBDT-0.04-0.01 -300 PBT-0.04-0.01 -300 NP-0.04-0.01 -300

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Switching Technologies Gunther reports standalone net loss of Rs 0.67 crore in the June 2017 quarter
Jul 29,2017

Net Loss of Switching Technologies Gunther reported to Rs 0.67 crore in the quarter ended June 2017 as against net loss of Rs 0.16 crore during the previous quarter ended June 2016. Sales declined 24.24% to Rs 3.00 crore in the quarter ended June 2017 as against Rs 3.96 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.003.96 -24 OPM %-22.33-3.79 - PBDT-0.64-0.12 -433 PBT-0.67-0.16 -319 NP-0.67-0.16 -319

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