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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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McDowell Holdings reports standalone net loss of Rs 8.79 crore in the September 2016 quarter
Nov 11,2016

Net loss of McDowell Holdings reported to Rs 8.79 crore in the quarter ended September 2016 as against net profit of Rs 33.12 crore during the previous quarter ended September 2015. Sales declined 78.51% to Rs 0.95 crore in the quarter ended September 2016 as against Rs 4.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.954.42 -79 OPM %51.5890.27 - PBDT3.37-0.01 LP PBT3.37-0.01 LP NP-8.7933.12 PL

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Camson Bio Technologies reports standalone net loss of Rs 5.47 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Camson Bio Technologies reported to Rs 5.47 crore in the quarter ended September 2016 as against net loss of Rs 0.63 crore during the previous quarter ended September 2015. Sales declined 82.14% to Rs 2.19 crore in the quarter ended September 2016 as against Rs 12.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.1912.26 -82 OPM %-136.5316.88 - PBDT-3.421.69 PL PBT-5.31-1.01 -426 NP-5.47-0.63 -768

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Baroda Extrusion reports standalone net loss of Rs 0.50 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Baroda Extrusion reported to Rs 0.50 crore in the quarter ended September 2016 as against net loss of Rs 1.23 crore during the previous quarter ended September 2015. Sales declined 49.92% to Rs 3.30 crore in the quarter ended September 2016 as against Rs 6.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.306.59 -50 OPM %-15.15-18.82 - PBDT-0.50-1.23 59 PBT-0.50-1.23 59 NP-0.50-1.23 59

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Sonal Adhesives reports standalone net loss of Rs 0.77 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Sonal Adhesives reported to Rs 0.77 crore in the quarter ended September 2016 as against net loss of Rs 1.49 crore during the previous quarter ended September 2015. Sales declined 31.11% to Rs 5.69 crore in the quarter ended September 2016 as against Rs 8.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.698.26 -31 OPM %-10.19-15.13 - PBDT-0.58-1.31 56 PBT-0.77-1.49 48 NP-0.77-1.49 48

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Sambandam Spinning Mills standalone net profit rises 291.10% in the September 2016 quarter
Nov 11,2016

Net profit of Sambandam Spinning Mills rose 291.10% to Rs 5.71 crore in the quarter ended September 2016 as against Rs 1.46 crore during the previous quarter ended September 2015. Sales declined 20.68% to Rs 43.53 crore in the quarter ended September 2016 as against Rs 54.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.5354.88 -21 OPM %31.0814.05 - PBDT11.004.97 121 PBT8.382.29 266 NP5.711.46 291

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Wim Plast standalone net profit rises 5.18% in the September 2016 quarter
Nov 11,2016

Net profit of Wim Plast rose 5.18% to Rs 9.13 crore in the quarter ended September 2016 as against Rs 8.68 crore during the previous quarter ended September 2015. Sales declined 5.28% to Rs 76.98 crore in the quarter ended September 2016 as against Rs 81.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales76.9881.27 -5 OPM %20.7118.58 - PBDT16.4815.31 8 PBT13.5212.55 8 NP9.138.68 5

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Neo Infracon standalone net profit declines 75.00% in the September 2016 quarter
Nov 11,2016

Net profit of Neo Infracon declined 75.00% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 77.56% to Rs 0.35 crore in the quarter ended September 2016 as against Rs 1.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.351.56 -78 OPM %8.578.33 - PBDT0.010.09 -89 PBT0.010.09 -89 NP0.010.04 -75

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Timex Group India reports standalone net profit of Rs 1.17 crore in the September 2016 quarter
Nov 11,2016

Net profit of Timex Group India reported to Rs 1.17 crore in the quarter ended September 2016 as against net loss of Rs 3.52 crore during the previous quarter ended September 2015. Sales rose 20.19% to Rs 48.99 crore in the quarter ended September 2016 as against Rs 40.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales48.9940.76 20 OPM %5.12-5.10 - PBDT1.72-2.88 LP PBT1.17-3.52 LP NP1.17-3.52 LP

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Ishwarshakti Holdings & Traders reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Ishwarshakti Holdings & Traders reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.01 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 %-45.450 - PBDT-0.06-0.01 -500 PBT-0.06-0.01 -500 NP-0.06-0.01 -500

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SM Energy Teknik & Electronics reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Nov 11,2016

Net Loss of SM Energy Teknik & Electronics reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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Josts Engineering Company reports standalone net loss of Rs 1.11 crore in the September 2016 quarter
Nov 11,2016

Net loss of Josts Engineering Company reported to Rs 1.11 crore in the quarter ended September 2016 as against net profit of Rs 0.91 crore during the previous quarter ended September 2015. Sales declined 20.20% to Rs 16.20 crore in the quarter ended September 2016 as against Rs 20.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.2020.30 -20 OPM %0.435.76 - PBDT0.011.06 -99 PBT-0.190.91 PL NP-1.110.91 PL

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Bhagawati Oxygen standalone net profit rises 233.33% in the September 2016 quarter
Nov 11,2016

Net profit of Bhagawati Oxygen rose 233.33% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 6.75% to Rs 2.21 crore in the quarter ended September 2016 as against Rs 2.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.212.37 -7 OPM %12.222.95 - PBDT0.290.13 123 PBT0.230.07 229 NP0.200.06 233

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Balmer Lawrie & Company fixes record date for bonus issue
Nov 11,2016

Balmer Lawrie & Company has fixed 27 December 2016 as the Record Date for the purpose of Issue of Bonus Shares.

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L&T Technology Services standalone net profit rises 16.03% in the September 2016 quarter
Nov 11,2016

Net profit of L&T Technology Services rose 16.03% to Rs 118.70 crore in the quarter ended September 2016 as against Rs 102.30 crore during the previous quarter ended September 2015. Sales rose 7.51% to Rs 788.70 crore in the quarter ended September 2016 as against Rs 733.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales788.70733.60 8 OPM %20.5517.79 - PBDT176.10154.60 14 PBT162.20141.90 14 NP118.70102.30 16

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Adhunik Industries standalone net profit declines 67.66% in the September 2016 quarter
Nov 11,2016

Net profit of Adhunik Industries declined 67.66% to Rs 0.54 crore in the quarter ended September 2016 as against Rs 1.67 crore during the previous quarter ended September 2015. Sales declined 30.44% to Rs 88.59 crore in the quarter ended September 2016 as against Rs 127.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales88.59127.35 -30 OPM %6.156.34 - PBDT1.653.21 -49 PBT0.732.37 -69 NP0.541.67 -68

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