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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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Pidilite Industries standalone net profit rises 17.09% in the September 2016 quarter
Nov 10,2016

Net profit of Pidilite Industries rose 17.09% to Rs 226.16 crore in the quarter ended September 2016 as against Rs 193.15 crore during the previous quarter ended September 2015. Sales rose 4.80% to Rs 1212.54 crore in the quarter ended September 2016 as against Rs 1157.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1212.541157.04 5 OPM %25.2724.22 - PBDT337.36299.86 13 PBT314.72278.04 13 NP226.16193.15 17

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Orchid Pharma reports standalone net loss of Rs 68.52 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Orchid Pharma reported to Rs 68.52 crore in the quarter ended September 2016 as against net loss of Rs 68.94 crore during the previous quarter ended September 2015. Sales declined 12.78% to Rs 183.59 crore in the quarter ended September 2016 as against Rs 210.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales183.59210.50 -13 OPM %18.3120.61 - PBDT-37.63-32.36 -16 PBT-72.37-68.10 -6 NP-68.52-68.94 1

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Hindoostan Mills reports standalone net loss of Rs 3.16 crore in the September 2016 quarter
Nov 10,2016

Net loss of Hindoostan Mills reported to Rs 3.16 crore in the quarter ended September 2016 as against net profit of Rs 0.29 crore during the previous quarter ended September 2015. Sales rose 13.52% to Rs 43.06 crore in the quarter ended September 2016 as against Rs 37.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.0637.93 14 OPM %1.356.67 - PBDT0.602.14 -72 PBT-2.51-0.80 -214 NP-3.160.29 PL

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Chennai Meenakshi Multispeciality Hospital reports standalone net loss of Rs 0.36 crore in the September 2016 quarter
Nov 10,2016

Net loss of Chennai Meenakshi Multispeciality Hospital reported to Rs 0.36 crore in the quarter ended September 2016 as against net profit of Rs 0.35 crore during the previous quarter ended September 2015. Sales declined 17.20% to Rs 4.43 crore in the quarter ended September 2016 as against Rs 5.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.435.35 -17 OPM %5.4217.76 - PBDT-0.080.64 PL PBT-0.360.35 PL NP-0.360.35 PL

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India Steel Works standalone net profit rises 33.04% in the September 2016 quarter
Nov 10,2016

Net profit of India Steel Works rose 33.04% to Rs 1.53 crore in the quarter ended September 2016 as against Rs 1.15 crore during the previous quarter ended September 2015. Sales rose 88.26% to Rs 288.62 crore in the quarter ended September 2016 as against Rs 153.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales288.62153.31 88 OPM %2.824.58 - PBDT6.055.16 17 PBT1.531.15 33 NP1.531.15 33

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Outcome of board meeting of Pentokey Organy (India)
Nov 10,2016

Pentokey Organy (India) announced that the Board of Directors at their meeting held on 09 November 2016 have decided to sell/ assign lease hold land including structures/ building and part of the plant and machinery to Gharda Chemicals on mutually agreed terms and necessary agreement in due course.

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Photon Capital Advisors standalone net profit rises 891.67% in the September 2016 quarter
Nov 10,2016

Net profit of Photon Capital Advisors rose 891.67% to Rs 1.19 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 605.56% to Rs 1.27 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.270.18 606 OPM %92.1350.00 - PBDT1.200.13 823 PBT1.190.12 892 NP1.190.12 892

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Hindustan Wires standalone net profit declines 45.05% in the September 2016 quarter
Nov 10,2016

Net profit of Hindustan Wires declined 45.05% to Rs 0.50 crore in the quarter ended September 2016 as against Rs 0.91 crore during the previous quarter ended September 2015. Sales declined 4.88% to Rs 1.17 crore in the quarter ended September 2016 as against Rs 1.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.171.23 -5 OPM %24.7934.15 - PBDT0.561.03 -46 PBT0.500.91 -45 NP0.500.91 -45

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Honeywell Automation India standalone net profit rises 9.32% in the September 2016 quarter
Nov 10,2016

Net profit of Honeywell Automation India rose 9.32% to Rs 45.38 crore in the quarter ended September 2016 as against Rs 41.51 crore during the previous quarter ended September 2015. Sales rose 13.78% to Rs 579.49 crore in the quarter ended September 2016 as against Rs 509.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales579.49509.29 14 OPM %11.9311.31 - PBDT74.8565.86 14 PBT70.6962.08 14 NP45.3841.51 9

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Ravalgaon Sugar Farm reports standalone net loss of Rs 1.60 crore in the September 2016 quarter
Nov 10,2016

Net loss of Ravalgaon Sugar Farm reported to Rs 1.60 crore in the quarter ended September 2016 as against net profit of Rs 9.80 crore during the previous quarter ended September 2015. Sales declined 46.82% to Rs 3.18 crore in the quarter ended September 2016 as against Rs 5.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.185.98 -47 OPM %-17.30-314.88 - PBDT-1.11-4.52 75 PBT-1.61-5.03 68 NP-1.609.80 PL

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JK Tyre & Industries standalone net profit declines 27.06% in the September 2016 quarter
Nov 10,2016

Net profit of JK Tyre & Industries declined 27.06% to Rs 82.10 crore in the quarter ended September 2016 as against Rs 112.56 crore during the previous quarter ended September 2015. Sales declined 3.33% to Rs 1425.88 crore in the quarter ended September 2016 as against Rs 1475.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1425.881475.01 -3 OPM %15.6618.07 - PBDT162.63214.54 -24 PBT117.06172.96 -32 NP82.10112.56 -27

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Goldstone Technologies reports consolidated net loss of Rs 1.44 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Goldstone Technologies reported to Rs 1.44 crore in the quarter ended September 2016 as against net loss of Rs 0.83 crore during the previous quarter ended September 2015. Sales declined 32.73% to Rs 9.23 crore in the quarter ended September 2016 as against Rs 13.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.2313.72 -33 OPM %-3.472.04 - PBDT-0.320.25 PL PBT-1.45-0.90 -61 NP-1.44-0.83 -73

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Pidilite Industries consolidated net profit rises 13.15% in the September 2016 quarter
Nov 10,2016

Net profit of Pidilite Industries rose 13.15% to Rs 231.23 crore in the quarter ended September 2016 as against Rs 204.36 crore during the previous quarter ended September 2015. Sales rose 7.58% to Rs 1410.21 crore in the quarter ended September 2016 as against Rs 1310.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1410.211310.82 8 OPM %22.7922.85 - PBDT351.17318.06 10 PBT320.88293.24 9 NP231.23204.36 13

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Dhampur Sugar Mills reports consolidated net profit of Rs 39.87 crore in the September 2016 quarter
Nov 10,2016

Net profit of Dhampur Sugar Mills reported to Rs 39.87 crore in the quarter ended September 2016 as against net loss of Rs 7.04 crore during the previous quarter ended September 2015. Sales rose 5.50% to Rs 658.99 crore in the quarter ended September 2016 as against Rs 624.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales658.99624.66 5 OPM %16.036.86 - PBDT72.024.32 1567 PBT60.41-7.04 LP NP39.87-7.04 LP

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Photon Capital Advisors consolidated net profit rises 1041.67% in the September 2016 quarter
Nov 10,2016

Net profit of Photon Capital Advisors rose 1041.67% to Rs 1.37 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales rose 605.56% to Rs 1.27 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.270.18 606 OPM %92.1350.00 - PBDT1.560.13 1100 PBT1.550.12 1192 NP1.370.12 1042

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