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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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Ansal Housing & Construction standalone net profit declines 58.72% in the September 2016 quarter
Nov 10,2016

Net profit of Ansal Housing & Construction declined 58.72% to Rs 1.61 crore in the quarter ended September 2016 as against Rs 3.90 crore during the previous quarter ended September 2015. Sales declined 39.69% to Rs 67.43 crore in the quarter ended September 2016 as against Rs 111.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.43111.80 -40 OPM %20.1116.57 - PBDT3.196.83 -53 PBT2.606.02 -57 NP1.613.90 -59

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Jamna Auto Industries standalone net profit rises 34.73% in the September 2016 quarter
Nov 10,2016

Net profit of Jamna Auto Industries rose 34.73% to Rs 20.56 crore in the quarter ended September 2016 as against Rs 15.26 crore during the previous quarter ended September 2015. Sales declined 10.42% to Rs 242.02 crore in the quarter ended September 2016 as against Rs 270.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales242.02270.18 -10 OPM %10.458.62 - PBDT34.0730.47 12 PBT23.3518.94 23 NP20.5615.26 35

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Mysore Petro Chemicals standalone net profit rises 73.77% in the September 2016 quarter
Nov 10,2016

Net profit of Mysore Petro Chemicals rose 73.77% to Rs 1.06 crore in the quarter ended September 2016 as against Rs 0.61 crore during the previous quarter ended September 2015. Sales rose 5.04% to Rs 6.25 crore in the quarter ended September 2016 as against Rs 5.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.255.95 5 OPM %19.5222.52 - PBDT1.891.69 12 PBT1.171.01 16 NP1.060.61 74

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Narayana Hrudayalaya consolidated net profit rises 155.49% in the September 2016 quarter
Nov 10,2016

Net profit of Narayana Hrudayalaya rose 155.49% to Rs 26.52 crore in the quarter ended September 2016 as against Rs 10.38 crore during the previous quarter ended September 2015. Sales rose 18.55% to Rs 479.44 crore in the quarter ended September 2016 as against Rs 404.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales479.44404.41 19 OPM %13.2111.74 - PBDT62.8343.67 44 PBT43.1225.95 66 NP26.5210.38 155

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Emkay Global Financial Services consolidated net profit declines 24.89% in the September 2016 quarter
Nov 10,2016

Net profit of Emkay Global Financial Services declined 24.89% to Rs 3.47 crore in the quarter ended September 2016 as against Rs 4.62 crore during the previous quarter ended September 2015. Sales declined 6.05% to Rs 23.75 crore in the quarter ended September 2016 as against Rs 25.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.7525.28 -6 OPM %21.8927.77 - PBDT4.996.87 -27 PBT4.146.01 -31 NP3.474.62 -25

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Ramco Systems reports consolidated net loss of Rs 1.17 crore in the September 2016 quarter
Nov 10,2016

Net loss of Ramco Systems reported to Rs 1.17 crore in the quarter ended September 2016 as against net profit of Rs 5.99 crore during the previous quarter ended September 2015. Sales rose 6.61% to Rs 112.39 crore in the quarter ended September 2016 as against Rs 105.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.39105.42 7 OPM %13.5018.23 - PBDT14.6019.22 -24 PBT2.637.71 -66 NP-1.175.99 PL

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Narayana Hrudayalaya standalone net profit rises 53.29% in the September 2016 quarter
Nov 10,2016

Net profit of Narayana Hrudayalaya rose 53.29% to Rs 28.68 crore in the quarter ended September 2016 as against Rs 18.71 crore during the previous quarter ended September 2015. Sales rose 14.28% to Rs 422.29 crore in the quarter ended September 2016 as against Rs 369.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales422.29369.52 14 OPM %13.7712.29 - PBDT60.0343.39 38 PBT43.2527.10 60 NP28.6818.71 53

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Voltamp Transformers standalone net profit rises 209.14% in the September 2016 quarter
Nov 10,2016

Net profit of Voltamp Transformers rose 209.14% to Rs 20.96 crore in the quarter ended September 2016 as against Rs 6.78 crore during the previous quarter ended September 2015. Sales rose 21.14% to Rs 160.84 crore in the quarter ended September 2016 as against Rs 132.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales160.84132.77 21 OPM %7.314.14 - PBDT27.2210.60 157 PBT25.799.13 182 NP20.966.78 209

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Emkay Global Financial Services standalone net profit declines 67.70% in the September 2016 quarter
Nov 10,2016

Net profit of Emkay Global Financial Services declined 67.70% to Rs 1.15 crore in the quarter ended September 2016 as against Rs 3.56 crore during the previous quarter ended September 2015. Sales declined 7.80% to Rs 20.80 crore in the quarter ended September 2016 as against Rs 22.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.8022.56 -8 OPM %12.8423.76 - PBDT2.315.31 -56 PBT1.494.45 -67 NP1.153.56 -68

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Goldstone Technologies reports standalone net loss of Rs 1.31 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Goldstone Technologies reported to Rs 1.31 crore in the quarter ended September 2016 as against net loss of Rs 0.82 crore during the previous quarter ended September 2015. Sales declined 17.38% to Rs 5.04 crore in the quarter ended September 2016 as against Rs 6.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.046.10 -17 OPM %-3.973.93 - PBDT-0.200.22 PL PBT-1.34-0.93 -44 NP-1.31-0.82 -60

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Mukand Engineers reports standalone net profit of Rs 1.04 crore in the September 2016 quarter
Nov 10,2016

Net profit of Mukand Engineers reported to Rs 1.04 crore in the quarter ended September 2016 as against net loss of Rs 1.71 crore during the previous quarter ended September 2015. Sales rose 16.60% to Rs 38.29 crore in the quarter ended September 2016 as against Rs 32.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales38.2932.84 17 OPM %8.93-1.10 - PBDT1.47-1.59 LP PBT1.20-1.82 LP NP1.04-1.71 LP

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Sundaram Multi Pap standalone net profit rises 1625.00% in the September 2016 quarter
Nov 10,2016

Net profit of Sundaram Multi Pap rose 1625.00% to Rs 1.38 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015. Sales rose 15.50% to Rs 15.35 crore in the quarter ended September 2016 as against Rs 13.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.3513.29 16 OPM %28.2721.90 - PBDT1.820.93 96 PBT1.010.10 910 NP1.380.08 1625

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KLG Capital Services reports standalone net profit of Rs 0.11 crore in the September 2016 quarter
Nov 10,2016

Net profit of KLG Capital Services reported to Rs 0.11 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 850.00% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.190.02 850 OPM %84.210 - PBDT0.160.01 1500 PBT0.160.01 1500 NP0.110 0

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Gowra Leasing & Finance standalone net profit rises 428.57% in the September 2016 quarter
Nov 10,2016

Net profit of Gowra Leasing & Finance rose 428.57% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015. Sales rose 28.00% to Rs 0.32 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.320.25 28 OPM %56.2536.00 - PBDT0.540.10 440 PBT0.540.10 440 NP0.370.07 429

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Surat Textile Mills reports standalone net profit of Rs 3.32 crore in the September 2016 quarter
Nov 10,2016

Net profit of Surat Textile Mills reported to Rs 3.32 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 98.31% to Rs 36.33 crore in the quarter ended September 2016 as against Rs 18.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.3318.32 98 OPM %10.16-7.48 - PBDT3.590.27 1230 PBT3.32-0.03 LP NP3.32-0.03 LP

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