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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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Reliance Industries allots 130,051 equity shares
May 26,2017

Reliance Industries has allotted 1,30,051 equity shares of Rs.10/- each, on 22 May 2017 pursuant to the Employees Stock Option Scheme.

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Rainbow Denim announces change in directorate
May 26,2017

Rainbow Denim announced that Haresh D. Ramsinghani has resigned as Managing Director w.e.f. 31 May 2017 and shall continue to act as Chairman of the company w.e.f. 01 June 2017 and Satinderjit Singh Arora has been appointed a whole time director of the company w.e.f. 01 June 2017 and resigned as CFO w.e.f. 31 May 2017.

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Board of Indian Hotels Co approves scheme of amalgamation
May 26,2017

The Board of Directors of Indian Hotels Co at its meeting held on 26 May 2017 has approved the amalgamation of Tifco Holdings, a wholly owned subsidiary of the Company, with the Company, by way of a scheme of amalgamation.

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Indian Hotels Co to pay dividend
May 26,2017

Indian Hotels Co announced that dividend, if approved will be paid on and from 28 August 2017.

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Geojit Financial Services standalone net profit declines 62.06% in the March 2017 quarter
May 26,2017

Net profit of Geojit Financial Services declined 62.06% to Rs 2.83 crore in the quarter ended March 2017 as against Rs 7.46 crore during the previous quarter ended March 2016. Sales rose 21.79% to Rs 60.53 crore in the quarter ended March 2017 as against Rs 49.70 crore during the previous quarter ended March 2016.

For the full year,net profit rose 7.64% to Rs 38.32 crore in the year ended March 2017 as against Rs 35.60 crore during the previous year ended March 2016. Sales rose 13.68% to Rs 229.42 crore in the year ended March 2017 as against Rs 201.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales60.5349.70 22 229.42201.81 14 OPM %29.6420.97 -28.1423.54 - PBDT23.2714.74 58 86.4465.85 31 PBT20.1311.63 73 74.0554.53 36 NP2.837.46 -62 38.3235.60 8

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Sunflag Iron & Steel Company standalone net profit rises 103.23% in the March 2017 quarter
May 26,2017

Net profit of Sunflag Iron & Steel Company rose 103.23% to Rs 12.58 crore in the quarter ended March 2017 as against Rs 6.19 crore during the previous quarter ended March 2016. Sales rose 8.77% to Rs 395.82 crore in the quarter ended March 2017 as against Rs 363.91 crore during the previous quarter ended March 2016.

For the full year,net profit rose 14.72% to Rs 65.17 crore in the year ended March 2017 as against Rs 56.81 crore during the previous year ended March 2016. Sales declined 5.05% to Rs 1509.66 crore in the year ended March 2017 as against Rs 1589.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales395.82363.91 9 1509.661589.88 -5 OPM %7.749.09 -9.6311.20 - PBDT21.5120.85 3 118.10122.33 -3 PBT13.899.65 44 84.9186.69 -2 NP12.586.19 103 65.1756.81 15

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Tech Mahindra consolidated net profit declines 32.69% in the March 2017 quarter
May 26,2017

Net profit of Tech Mahindra declined 32.69% to Rs 589.69 crore in the quarter ended March 2017 as against Rs 876.14 crore during the previous quarter ended March 2016. Sales rose 8.88% to Rs 7495.00 crore in the quarter ended March 2017 as against Rs 6883.73 crore during the previous quarter ended March 2016.

For the full year,net profit declined 5.81% to Rs 2850.87 crore in the year ended March 2017 as against Rs 3026.61 crore during the previous year ended March 2016. Sales rose 9.99% to Rs 29140.84 crore in the year ended March 2017 as against Rs 26494.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7495.006883.73 9 29140.8426494.23 10 OPM %11.9916.72 -14.3516.12 - PBDT1104.771274.10 -13 4831.064615.66 5 PBT821.311056.79 -22 3853.003856.74 0 NP589.69876.14 -33 2850.873026.61 -6

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Svaraj Trading & Agencies standalone net profit rises 490.00% in the March 2017 quarter
May 26,2017

Net profit of Svaraj Trading & Agencies rose 490.00% to Rs 0.59 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016. Sales rose 883.33% to Rs 2.36 crore in the quarter ended March 2017 as against Rs 0.24 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.22% to Rs 1.06 crore in the year ended March 2017 as against Rs 0.72 crore during the previous year ended March 2016. Sales declined 43.96% to Rs 4.13 crore in the year ended March 2017 as against Rs 7.37 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.360.24 883 4.137.37 -44 OPM %24.5862.50 -25.1814.52 - PBDT0.680.15 353 1.361.07 27 PBT0.680.15 353 1.361.07 27 NP0.590.10 490 1.060.72 47

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Alkem Laboratories standalone net profit rises 58.26% in the March 2017 quarter
May 26,2017

Net profit of Alkem Laboratories rose 58.26% to Rs 136.96 crore in the quarter ended March 2017 as against Rs 86.54 crore during the previous quarter ended March 2016. Sales rose 8.95% to Rs 1251.40 crore in the quarter ended March 2017 as against Rs 1148.55 crore during the previous quarter ended March 2016.

For the full year,net profit rose 20.27% to Rs 904.67 crore in the year ended March 2017 as against Rs 752.23 crore during the previous year ended March 2016. Sales rose 15.94% to Rs 5852.50 crore in the year ended March 2017 as against Rs 5047.93 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1251.401148.55 9 5852.505047.93 16 OPM %11.9313.57 -17.0716.90 - PBDT162.42249.39 -35 1065.801021.72 4 PBT136.05225.24 -40 964.63928.41 4 NP136.9686.54 58 904.67752.23 20

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Tech Mahindra standalone net profit declines 23.26% in the March 2017 quarter
May 26,2017

Net profit of Tech Mahindra declined 23.26% to Rs 585.74 crore in the quarter ended March 2017 as against Rs 763.27 crore during the previous quarter ended March 2016. Sales rose 8.36% to Rs 5923.58 crore in the quarter ended March 2017 as against Rs 5466.81 crore during the previous quarter ended March 2016.

For the full year,net profit declined 3.95% to Rs 3047.33 crore in the year ended March 2017 as against Rs 3172.77 crore during the previous year ended March 2016. Sales rose 10.47% to Rs 23165.39 crore in the year ended March 2017 as against Rs 20969.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales5923.585466.81 8 23165.3920969.81 10 OPM %13.5416.82 -15.8516.16 - PBDT948.721041.63 -9 4500.944418.03 2 PBT771.08883.80 -13 3878.733876.29 0 NP585.74763.27 -23 3047.333172.77 -4

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GTV Engineering standalone net profit rises 58.33% in the March 2017 quarter
May 26,2017

Net profit of GTV Engineering rose 58.33% to Rs 0.19 crore in the quarter ended March 2017 as against Rs 0.12 crore during the previous quarter ended March 2016. Sales declined 1.20% to Rs 11.56 crore in the quarter ended March 2017 as against Rs 11.70 crore during the previous quarter ended March 2016.

For the full year,net profit rose 21.88% to Rs 0.39 crore in the year ended March 2017 as against Rs 0.32 crore during the previous year ended March 2016. Sales rose 57.95% to Rs 43.91 crore in the year ended March 2017 as against Rs 27.80 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales11.5611.70 -1 43.9127.80 58 OPM %2.344.10 -2.005.40 - PBDT0.620.49 27 1.151.05 10 PBT0.370.29 28 0.570.49 16 NP0.190.12 58 0.390.32 22

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Alpha Hi-Tech Fuel reports standalone net loss of Rs 0.04 crore in the March 2017 quarter
May 26,2017

Net Loss of Alpha Hi-Tech Fuel reported to Rs 0.04 crore in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.10 crore in the year ended March 2017 as against net loss of Rs 0.21 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Super Crop Safe reports standalone net profit of Rs 0.77 crore in the March 2017 quarter
May 26,2017

Net profit of Super Crop Safe reported to Rs 0.77 crore in the quarter ended March 2017 as against net loss of Rs 0.28 crore during the previous quarter ended March 2016. Sales rose 79.57% to Rs 17.40 crore in the quarter ended March 2017 as against Rs 9.69 crore during the previous quarter ended March 2016.

For the full year,net profit rose 140.00% to Rs 2.88 crore in the year ended March 2017 as against Rs 1.20 crore during the previous year ended March 2016. Sales rose 3.89% to Rs 74.98 crore in the year ended March 2017 as against Rs 72.17 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales17.409.69 80 74.9872.17 4 OPM %8.792.48 -6.794.31 - PBDT1.280.04 3100 3.871.98 95 PBT0.99-0.01 LP 3.261.47 122 NP0.77-0.28 LP 2.881.20 140

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Moryo Industries standalone net profit declines 78.57% in the March 2017 quarter
May 26,2017

Net profit of Moryo Industries declined 78.57% to Rs 0.09 crore in the quarter ended March 2017 as against Rs 0.42 crore during the previous quarter ended March 2016. Sales rose 423.08% to Rs 2.72 crore in the quarter ended March 2017 as against Rs 0.52 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.15 crore in the year ended March 2017 as against net loss of Rs 0.24 crore during the previous year ended March 2016. Sales declined 5.78% to Rs 7.34 crore in the year ended March 2017 as against Rs 7.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.720.52 423 7.347.79 -6 OPM %11.7680.77 -1.09-3.08 - PBDT0.320.42 -24 0.08-0.24 LP PBT0.320.42 -24 0.08-0.24 LP NP0.090.42 -79 -0.15-0.24 38

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Alps Motor Finance standalone net profit declines 50.00% in the March 2017 quarter
May 26,2017

Net profit of Alps Motor Finance declined 50.00% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.04 crore during the previous quarter ended March 2016. Sales declined 39.39% to Rs 0.20 crore in the quarter ended March 2017 as against Rs 0.33 crore during the previous quarter ended March 2016.

For the full year,net profit rose 33.33% to Rs 0.04 crore in the year ended March 2017 as against Rs 0.03 crore during the previous year ended March 2016. Sales rose 11.00% to Rs 1.11 crore in the year ended March 2017 as against Rs 1.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.200.33 -39 1.111.00 11 OPM %20.0015.15 -5.415.00 - PBDT0.040.05 -20 0.060.05 20 PBT0.040.05 -20 0.060.05 20 NP0.020.04 -50 0.040.03 33

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