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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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Aarti Drugs standalone net profit rises 29.59% in the September 2016 quarter
Nov 09,2016

Net profit of Aarti Drugs rose 29.59% to Rs 20.10 crore in the quarter ended September 2016 as against Rs 15.51 crore during the previous quarter ended September 2015. Sales rose 11.31% to Rs 286.65 crore in the quarter ended September 2016 as against Rs 257.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales286.65257.52 11 OPM %16.6116.32 - PBDT39.2931.36 25 PBT29.9922.51 33 NP20.1015.51 30

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Aurum Soft Systems standalone net profit rises 750.00% in the September 2016 quarter
Nov 09,2016

Net profit of Aurum Soft Systems rose 750.00% to Rs 0.34 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales declined 39.32% to Rs 1.42 crore in the quarter ended September 2016 as against Rs 2.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.422.34 -39 OPM %19.723.85 - PBDT0.400.36 11 PBT0.400.11 264 NP0.340.04 750

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Orbit Exports standalone net profit declines 20.77% in the September 2016 quarter
Nov 09,2016

Net profit of Orbit Exports declined 20.77% to Rs 6.75 crore in the quarter ended September 2016 as against Rs 8.52 crore during the previous quarter ended September 2015. Sales declined 21.95% to Rs 30.61 crore in the quarter ended September 2016 as against Rs 39.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.6139.22 -22 OPM %33.8536.56 - PBDT11.1614.26 -22 PBT9.4612.87 -26 NP6.758.52 -21

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S V Global Mill standalone net profit declines 61.54% in the September 2016 quarter
Nov 09,2016

Net profit of S V Global Mill declined 61.54% to Rs 0.25 crore in the quarter ended September 2016 as against Rs 0.65 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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SKIL Infrastructure reports standalone net loss of Rs 59.58 crore in the September 2016 quarter
Nov 09,2016

Net Loss of SKIL Infrastructure reported to Rs 59.58 crore in the quarter ended September 2016 as against net loss of Rs 44.01 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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Gilada Finance & Investments standalone net profit rises 64.71% in the September 2016 quarter
Nov 09,2016

Net profit of Gilada Finance & Investments rose 64.71% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015. Sales rose 5.26% to Rs 0.60 crore in the quarter ended September 2016 as against Rs 0.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.600.57 5 OPM %70.0047.37 - PBDT0.400.27 48 PBT0.400.27 48 NP0.280.17 65

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SIL Investments standalone net profit declines 7.48% in the September 2016 quarter
Nov 09,2016

Net profit of SIL Investments declined 7.48% to Rs 7.67 crore in the quarter ended September 2016 as against Rs 8.29 crore during the previous quarter ended September 2015. Sales declined 8.19% to Rs 10.32 crore in the quarter ended September 2016 as against Rs 11.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.3211.24 -8 OPM %94.2896.17 - PBDT8.328.80 -5 PBT8.288.77 -6 NP7.678.29 -7

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Ujjivan Financial Services standalone net profit rises 89.76% in the September 2016 quarter
Nov 09,2016

Net profit of Ujjivan Financial Services rose 89.76% to Rs 73.04 crore in the quarter ended September 2016 as against Rs 38.49 crore during the previous quarter ended September 2015. Sales rose 46.07% to Rs 350.98 crore in the quarter ended September 2016 as against Rs 240.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales350.98240.28 46 OPM %67.7666.16 - PBDT115.1962.07 86 PBT112.6759.97 88 NP73.0438.49 90

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Punjab & Sind Bank standalone net profit declines 50.24% in the September 2016 quarter
Nov 09,2016

Net profit of Punjab & Sind Bank declined 50.24% to Rs 61.89 crore in the quarter ended September 2016 as against Rs 124.37 crore during the previous quarter ended September 2015. Total Operating Income declined 8.17% to Rs 2046.45 crore in the quarter ended September 2016 as against Rs 2228.62 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income2046.452228.62 -8 OPM %70.6477.50 - PBDT75.07143.39 -48 PBT75.07143.39 -48 NP61.89124.37 -50

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PBM Polytex standalone net profit rises 66.34% in the September 2016 quarter
Nov 09,2016

Net profit of PBM Polytex rose 66.34% to Rs 1.68 crore in the quarter ended September 2016 as against Rs 1.01 crore during the previous quarter ended September 2015. Sales declined 25.02% to Rs 36.29 crore in the quarter ended September 2016 as against Rs 48.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.2948.40 -25 OPM %9.407.85 - PBDT3.443.20 8 PBT2.622.28 15 NP1.681.01 66

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Zandu Realty standalone net profit rises 19.82% in the September 2016 quarter
Nov 09,2016

Net profit of Zandu Realty rose 19.82% to Rs 3.93 crore in the quarter ended September 2016 as against Rs 3.28 crore during the previous quarter ended September 2015. Sales rose 23.35% to Rs 4.12 crore in the quarter ended September 2016 as against Rs 3.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.123.34 23 OPM %-18.20-16.77 - PBDT4.784.07 17 PBT4.784.07 17 NP3.933.28 20

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The Ramco Cements standalone net profit rises 45.60% in the September 2016 quarter
Nov 09,2016

Net profit of The Ramco Cements rose 45.60% to Rs 207.01 crore in the quarter ended September 2016 as against Rs 142.18 crore during the previous quarter ended September 2015. Sales rose 16.27% to Rs 969.95 crore in the quarter ended September 2016 as against Rs 834.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales969.95834.25 16 OPM %36.7735.30 - PBDT330.38251.36 31 PBT263.71184.26 43 NP207.01142.18 46

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Godrej Properties reports standalone net profit of Rs 9.36 crore in the September 2016 quarter
Nov 09,2016

Net profit of Godrej Properties reported to Rs 9.36 crore in the quarter ended September 2016 as against net loss of Rs 12.48 crore during the previous quarter ended September 2015. Sales declined 77.65% to Rs 18.19 crore in the quarter ended September 2016 as against Rs 81.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.1981.38 -78 OPM %-45.24-23.09 - PBDT6.52-3.53 LP PBT3.41-6.69 LP NP9.36-12.48 LP

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Elnet Technologies standalone net profit rises 12.23% in the September 2016 quarter
Nov 09,2016

Net profit of Elnet Technologies rose 12.23% to Rs 2.11 crore in the quarter ended September 2016 as against Rs 1.88 crore during the previous quarter ended September 2015. Sales rose 2.90% to Rs 5.68 crore in the quarter ended September 2016 as against Rs 5.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.685.52 3 OPM %61.2760.33 - PBDT4.023.88 4 PBT3.242.90 12 NP2.111.88 12

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Kapashi Commercial standalone net profit declines 18.18% in the September 2016 quarter
Nov 09,2016

Net profit of Kapashi Commercial declined 18.18% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 11.76% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.190.17 12 OPM %68.4288.24 - PBDT0.130.15 -13 PBT0.130.15 -13 NP0.090.11 -18

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