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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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Mangalam Drugs and Organics standalone net profit rises 60.00% in the September 2016 quarter
Nov 10,2016

Net profit of Mangalam Drugs and Organics rose 60.00% to Rs 5.84 crore in the quarter ended September 2016 as against Rs 3.65 crore during the previous quarter ended September 2015. Sales rose 4.88% to Rs 76.10 crore in the quarter ended September 2016 as against Rs 72.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales76.1072.56 5 OPM %15.4011.04 - PBDT9.385.79 62 PBT8.194.70 74 NP5.843.65 60

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Rose Investments reports standalone nil net profit/loss in the September 2016 quarter
Nov 10,2016

Rose Investments reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.07 crore 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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Noesis Industries reports standalone net loss of Rs 0.20 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Noesis Industries reported to Rs 0.20 crore in the quarter ended September 2016 as against net loss of Rs 0.33 crore 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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Schrader Duncan reports standalone net loss of Rs 1.94 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Schrader Duncan reported to Rs 1.94 crore in the quarter ended September 2016 as against net loss of Rs 0.45 crore during the previous quarter ended September 2015. Sales declined 48.32% to Rs 8.91 crore in the quarter ended September 2016 as against Rs 17.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.9117.24 -48 OPM %-10.773.71 - PBDT-1.420.10 PL PBT-1.86-0.45 -313 NP-1.94-0.45 -331

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Blue Star standalone net profit rises 5042.42% in the September 2016 quarter
Nov 10,2016

Net profit of Blue Star rose 5042.42% to Rs 16.97 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015. Sales rose 7.77% to Rs 812.58 crore in the quarter ended September 2016 as against Rs 753.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales812.58753.97 8 OPM %4.304.54 - PBDT37.5130.50 23 PBT24.1016.36 47 NP16.970.33 5042

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Bajaj Electricals standalone net profit declines 10.77% in the September 2016 quarter
Nov 10,2016

Net profit of Bajaj Electricals declined 10.77% to Rs 16.66 crore in the quarter ended September 2016 as against Rs 18.67 crore during the previous quarter ended September 2015. Sales declined 10.44% to Rs 991.56 crore in the quarter ended September 2016 as against Rs 1107.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales991.561107.11 -10 OPM %4.564.68 - PBDT32.8937.02 -11 PBT25.8430.75 -16 NP16.6618.67 -11

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Aditya Birla Nuvo consolidated net profit declines 12.11% in the September 2016 quarter
Nov 10,2016

Net profit of Aditya Birla Nuvo declined 12.11% to Rs 283.00 crore in the quarter ended September 2016 as against Rs 322.00 crore during the previous quarter ended September 2015. Sales rose 4.46% to Rs 3417.03 crore in the quarter ended September 2016 as against Rs 3271.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3417.033271.25 4 OPM %26.6418.95 - PBDT490.28491.67 0 PBT442.40449.33 -2 NP283.00322.00 -12

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Promoters hike stake in Sunteck Realty
Nov 10,2016

Sunteck Realty announced that the Companys promoters have increased their stake from 73.52% to 73.75%.

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Alfa Ica (India) announces resignation of company secretary
Nov 10,2016

Alfa Ica (India) announced that Jhanki Poptani has resigned from the post of Company Secretary. The Company has accepted her resignation and relieved her from the services of the Company from the closing hours of 09 November 2016. Consequent to her resignation as Company Secretary, Jhanki Poptani also ceases to be the Compliance Officer of the Company.

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HeroMoto Corp unveils new motorcyle - Dawn 125
Nov 10,2016

HeroMoto Corp has unveiled a new motorcycle, Dawn 125, at EICMA in Milan. The Dawn 125 motorcycle has been developed specially for the African region.

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Elecon Engineering Company allots equity shares
Nov 10,2016

Elecon Engineering Company has allotted 32,64,122 (Thirty Two Lakhs Sixty Four Thousands One Hundred Twenty Two) Equity Share to the Shareholder of Elecon EPC Projects pursuant to the Scheme of Amalgamation as approved by the Honble High Court of Gujarat vide its Order dated 07 October 2016.

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Mini Diamonds (India) announces change in registered office
Nov 10,2016

Mini Diamonds (India) announced that the registered office address of the Company be and is hereby shifted from 7-A, Nussar House, Gr. Floor, Opp. Panchratna Building, Opera House, Mumbai - 400 004, Maharashtra to Office No.-DE-8082 Bharat Diamond Bourse, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051.

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Pawansut Holdings reports standalone nil net profit/loss in the September 2016 quarter
Nov 10,2016

Pawansut Holdings reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 4.65% to Rs 0.45 crore in the quarter ended September 2016 as against Rs 0.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.450.43 5 OPM %016.28 - PBDT00.07 -100 PBT00.06 -100 NP00.06 -100

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PVV Infra standalone net profit declines 77.42% in the September 2016 quarter
Nov 10,2016

Net profit of PVV Infra declined 77.42% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.31 crore during the previous quarter ended September 2015. Sales rose 52.60% to Rs 10.85 crore in the quarter ended September 2016 as against Rs 7.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.857.11 53 OPM %1.386.33 - PBDT0.150.45 -67 PBT0.100.45 -78 NP0.070.31 -77

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Shree Krishna Paper Mills & Industries standalone net profit rises 406.90% in the September 2016 quarter
Nov 10,2016

Net profit of Shree Krishna Paper Mills & Industries rose 406.90% to Rs 1.47 crore in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 31.98% to Rs 36.36 crore in the quarter ended September 2016 as against Rs 27.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.3627.55 32 OPM %8.838.89 - PBDT2.671.19 124 PBT1.960.29 576 NP1.470.29 407

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