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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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Sun Pharmaceuticals Industries consolidated net profit rises 117.25% in the September 2016 quarter
Nov 10,2016

Net profit of Sun Pharmaceuticals Industries rose 117.25% to Rs 2235.14 crore in the quarter ended September 2016 as against Rs 1028.82 crore during the previous quarter ended September 2015. Sales rose 13.21% to Rs 7764.03 crore in the quarter ended September 2016 as against Rs 6858.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7764.036858.16 13 OPM %40.8027.31 - PBDT3233.371830.00 77 PBT2929.541571.57 86 NP2235.141028.82 117

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

Chankya Investments reported no net profit/loss in the quarter ended September 2016 and 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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Eros International Media consolidated net profit declines 32.87% in the September 2016 quarter
Nov 10,2016

Net profit of Eros International Media declined 32.87% to Rs 62.99 crore in the quarter ended September 2016 as against Rs 93.83 crore during the previous quarter ended September 2015. Sales declined 5.17% to Rs 478.79 crore in the quarter ended September 2016 as against Rs 504.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales478.79504.91 -5 OPM %18.6326.94 - PBDT88.50130.48 -32 PBT86.49128.26 -33 NP62.9993.83 -33

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Minda Industries consolidated net profit rises 47.37% in the September 2016 quarter
Nov 10,2016

Net profit of Minda Industries rose 47.37% to Rs 38.42 crore in the quarter ended September 2016 as against Rs 26.07 crore during the previous quarter ended September 2015. Sales rose 39.71% to Rs 901.20 crore in the quarter ended September 2016 as against Rs 645.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales901.20645.05 40 OPM %10.349.79 - PBDT87.1859.59 46 PBT52.7735.06 51 NP38.4226.07 47

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Stylam Industries standalone net profit rises 92.42% in the September 2016 quarter
Nov 10,2016

Net profit of Stylam Industries rose 92.42% to Rs 5.08 crore in the quarter ended September 2016 as against Rs 2.64 crore during the previous quarter ended September 2015. Sales rose 22.85% to Rs 74.02 crore in the quarter ended September 2016 as against Rs 60.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales74.0260.25 23 OPM %15.1912.33 - PBDT9.255.74 61 PBT7.934.57 74 NP5.082.64 92

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Bajaj Global standalone net profit rises 20.00% in the September 2016 quarter
Nov 10,2016

Net profit of Bajaj Global rose 20.00% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 81.82% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.200.11 82 OPM %75.0063.64 - PBDT0.090.07 29 PBT0.090.07 29 NP0.060.05 20

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AVT Natural Products standalone net profit rises 5.72% in the September 2016 quarter
Nov 10,2016

Net profit of AVT Natural Products rose 5.72% to Rs 6.47 crore in the quarter ended September 2016 as against Rs 6.12 crore during the previous quarter ended September 2015. Sales rose 10.69% to Rs 67.92 crore in the quarter ended September 2016 as against Rs 61.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.9261.36 11 OPM %16.3716.48 - PBDT11.1310.63 5 PBT9.488.98 6 NP6.476.12 6

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GE T&D India standalone net profit declines 43.16% in the September 2016 quarter
Nov 10,2016

Net profit of GE T&D India declined 43.16% to Rs 20.52 crore in the quarter ended September 2016 as against Rs 36.10 crore during the previous quarter ended September 2015. Sales declined 4.45% to Rs 834.02 crore in the quarter ended September 2016 as against Rs 872.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales834.02872.86 -4 OPM %4.198.04 - PBDT53.4075.00 -29 PBT31.4353.54 -41 NP20.5236.10 -43

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Oil Country Tubular reports standalone net loss of Rs 9.27 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Oil Country Tubular reported to Rs 9.27 crore in the quarter ended September 2016 as against net loss of Rs 6.55 crore during the previous quarter ended September 2015. Sales declined 86.86% to Rs 1.24 crore in the quarter ended September 2016 as against Rs 9.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.249.44 -87 OPM %-709.68-44.39 - PBDT-8.210.44 PL PBT-14.08-5.33 -164 NP-9.27-6.55 -42

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GEE standalone net profit declines 24.14% in the September 2016 quarter
Nov 10,2016

Net profit of GEE declined 24.14% to Rs 1.10 crore in the quarter ended September 2016 as against Rs 1.45 crore during the previous quarter ended September 2015. Sales rose 1.58% to Rs 47.44 crore in the quarter ended September 2016 as against Rs 46.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.4446.70 2 OPM %7.448.97 - PBDT2.412.68 -10 PBT1.601.75 -9 NP1.101.45 -24

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Deepak Spinners standalone net profit rises 29.82% in the September 2016 quarter
Nov 10,2016

Net profit of Deepak Spinners rose 29.82% to Rs 3.70 crore in the quarter ended September 2016 as against Rs 2.85 crore during the previous quarter ended September 2015. Sales rose 8.73% to Rs 112.04 crore in the quarter ended September 2016 as against Rs 103.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.04103.04 9 OPM %10.409.39 - PBDT8.787.75 13 PBT4.804.36 10 NP3.702.85 30

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West Coast Paper Mills standalone net profit rises 762.37% in the September 2016 quarter
Nov 10,2016

Net profit of West Coast Paper Mills rose 762.37% to Rs 25.44 crore in the quarter ended September 2016 as against Rs 2.95 crore during the previous quarter ended September 2015. Sales rose 8.41% to Rs 443.89 crore in the quarter ended September 2016 as against Rs 409.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales443.89409.46 8 OPM %17.9613.67 - PBDT66.7738.38 74 PBT39.379.75 304 NP25.442.95 762

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Orient Abrasives standalone net profit declines 66.71% in the September 2016 quarter
Nov 10,2016

Net profit of Orient Abrasives declined 66.71% to Rs 2.87 crore in the quarter ended September 2016 as against Rs 8.62 crore during the previous quarter ended September 2015. Sales declined 27.18% to Rs 47.56 crore in the quarter ended September 2016 as against Rs 65.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.5665.31 -27 OPM %13.9023.41 - PBDT5.8915.34 -62 PBT3.9212.57 -69 NP2.878.62 -67

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Gujarat Petrosynthese reports standalone net loss of Rs 0.19 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Gujarat Petrosynthese reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.49 crore during the previous quarter ended September 2015. Sales rose 83.77% to Rs 4.19 crore in the quarter ended September 2016 as against Rs 2.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.192.28 84 OPM %-17.90-20.18 - PBDT-0.70-0.42 -67 PBT-0.76-0.49 -55 NP-0.19-0.49 61

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Gujarat Alkalies & Chemicals standalone net profit rises 90.37% in the September 2016 quarter
Nov 10,2016

Net profit of Gujarat Alkalies & Chemicals rose 90.37% to Rs 87.42 crore in the quarter ended September 2016 as against Rs 45.92 crore during the previous quarter ended September 2015. Sales rose 9.31% to Rs 518.62 crore in the quarter ended September 2016 as against Rs 474.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales518.62474.45 9 OPM %23.5415.09 - PBDT142.0488.73 60 PBT114.3462.46 83 NP87.4245.92 90

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