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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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Charms Industries reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 09,2016

Net Loss of Charms Industries reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 29.09% to Rs 0.71 crore in the quarter ended September 2016 as against Rs 0.55 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.710.55 29 OPM %-1.41-5.45 - PBDT-0.01-0.02 50 PBT-0.01-0.02 50 NP-0.01-0.02 50

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IDream Film Infrastructure Company reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 09,2016

Net Loss of IDream Film Infrastructure Company reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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JPT Securities reports standalone net profit of Rs 0.33 crore in the September 2016 quarter
Nov 09,2016

Net profit of JPT Securities reported to Rs 0.33 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 740.00% to Rs 0.42 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.420.05 740 OPM %78.57-440.00 - PBDT0.33-0.22 LP PBT0.33-0.22 LP NP0.33-0.23 LP

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Ladderup Finance standalone net profit declines 79.66% in the September 2016 quarter
Nov 09,2016

Net profit of Ladderup Finance declined 79.66% to Rs 0.36 crore in the quarter ended September 2016 as against Rs 1.77 crore during the previous quarter ended September 2015. Sales declined 66.67% to Rs 0.65 crore in the quarter ended September 2016 as against Rs 1.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.651.95 -67 OPM %78.4694.87 - PBDT0.361.76 -80 PBT0.361.76 -80 NP0.361.77 -80

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Gagan Gases reports standalone nil net profit/loss in the September 2016 quarter
Nov 09,2016

Gagan Gases reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 72.22% to Rs 0.10 crore in the quarter ended September 2016 as against Rs 0.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.100.36 -72 OPM %20.0019.44 - PBDT0.020.07 -71 PBT00.05 -100 NP00.05 -100

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Sanghi Industries reports standalone net profit of Rs 8.51 crore in the September 2016 quarter
Nov 09,2016

Net profit of Sanghi Industries reported to Rs 8.51 crore in the quarter ended September 2016 as against net loss of Rs 1.48 crore during the previous quarter ended September 2015. Sales declined 0.19% to Rs 206.99 crore in the quarter ended September 2016 as against Rs 207.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales206.99207.38 0 OPM %22.7712.03 - PBDT29.4813.79 114 PBT11.13-3.40 LP NP8.51-1.48 LP

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S & T Corporation reports standalone net loss of Rs 0.35 crore in the September 2016 quarter
Nov 09,2016

Net loss of S & T Corporation reported to Rs 0.35 crore in the quarter ended September 2016 as against net profit of Rs 0.05 crore during the previous quarter ended September 2015. Sales reported to Rs 0.13 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.130 0 OPM %-238.460 - PBDT-0.310.06 PL PBT-0.350.05 PL NP-0.350.05 PL

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Mahashree Trading reports standalone nil net profit/loss in the September 2016 quarter
Nov 09,2016

Mahashree Trading reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.38 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.40 -100 OPM %095.00 - PBDT00.38 -100 PBT00.38 -100 NP00.38 -100

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Northern Project reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 09,2016

Net Loss of Northern Project reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.03 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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Rolcon Engineering Company reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 09,2016

Net loss of Rolcon Engineering Company reported to Rs 0.04 crore in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 10.21% to Rs 6.86 crore in the quarter ended September 2016 as against Rs 7.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.867.64 -10 OPM %0.583.40 - PBDT0.170.28 -39 PBT-0.050.02 PL NP-0.040.02 PL

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Sika Interplant Systems standalone net profit rises 90.91% in the September 2016 quarter
Nov 09,2016

Net profit of Sika Interplant Systems rose 90.91% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.33 crore during the previous quarter ended September 2015. Sales declined 1.82% to Rs 11.84 crore in the quarter ended September 2016 as against Rs 12.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.8412.06 -2 OPM %6.594.89 - PBDT1.080.61 77 PBT0.940.49 92 NP0.630.33 91

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MPIL Corporation reports standalone net profit of Rs 0.05 crore in the September 2016 quarter
Nov 09,2016

Net profit of MPIL Corporation reported to Rs 0.05 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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Ladderup Finance consolidated net profit declines 75.60% in the September 2016 quarter
Nov 09,2016

Net profit of Ladderup Finance declined 75.60% to Rs 0.41 crore in the quarter ended September 2016 as against Rs 1.68 crore during the previous quarter ended September 2015. Sales declined 63.61% to Rs 1.31 crore in the quarter ended September 2016 as against Rs 3.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.313.60 -64 OPM %46.5647.78 - PBDT0.461.65 -72 PBT0.461.62 -72 NP0.411.68 -76

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Nagarjuna Oil Refinery reports standalone net loss of Rs 182.67 crore in the September 2016 quarter
Nov 09,2016

Net Loss of Nagarjuna Oil Refinery reported to Rs 182.67 crore in the quarter ended September 2016 as against net loss of Rs 1.20 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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Va Tech Wabag standalone net profit rises 17.66% in the September 2016 quarter
Nov 09,2016

Net profit of Va Tech Wabag rose 17.66% to Rs 28.38 crore in the quarter ended September 2016 as against Rs 24.12 crore during the previous quarter ended September 2015. Sales rose 38.20% to Rs 448.51 crore in the quarter ended September 2016 as against Rs 324.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales448.51324.54 38 OPM %11.3311.57 - PBDT45.7839.87 15 PBT43.4136.83 18 NP28.3824.12 18

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