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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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Siti Networks to announce Q2 results
Nov 10,2016

Siti Networks announced that a meeting of the Board of Directors of the Company will be held on 22 November 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the second quarter of the Financial Year 2016- 17 and 6 months period ended 30 September 2016.

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Board of Transformers & Rectifiers (India) considers resignation of CFO
Nov 10,2016

Transformers & Rectifiers (India) announced that the Board of Directors at its Meeting held on 10 November 2016, inter alia, has considered, discussed and approved the following matters:

- Take note of the resignation of Samkit Mehta, Chief Financial Officer of the Company w.e.f. 01 October 2016.

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Mega Fin (India) Board to consider September quarter results
Nov 10,2016

Mega Fin (India) announced that a meeting of the Board of Directors of the Company will be held on 14 November 2016, inter alia, to consider and approve the Un-Audited Financial Results of the Company for the Quarter Ended 30 September 2016.

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Outcome of board meeting of Suryo Foods & Industries
Nov 10,2016

Suryo Foods & Industries announced that the Board of Directors of the Company at its meeting held on 10 November 2016, inter alia, has transacted the following:

- Confirmation of transfer and transmission of shares for the 2nd quarter ended on 30 September 2016.

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Dolphin Offshore Enterprises (India) consolidated net profit rises 182.70% in the September 2016 quarter
Nov 10,2016

Net profit of Dolphin Offshore Enterprises (India) rose 182.70% to Rs 26.63 crore in the quarter ended September 2016 as against Rs 9.42 crore during the previous quarter ended September 2015. Sales rose 57.92% to Rs 55.13 crore in the quarter ended September 2016 as against Rs 34.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.1334.91 58 OPM %59.0851.68 - PBDT30.2314.94 102 PBT25.539.41 171 NP26.639.42 183

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Transformers & Rectifiers India reports standalone net profit of Rs 9.60 crore in the September 2016 quarter
Nov 10,2016

Net profit of Transformers & Rectifiers India reported to Rs 9.60 crore in the quarter ended September 2016 as against net loss of Rs 2.35 crore during the previous quarter ended September 2015. Sales rose 90.19% to Rs 261.93 crore in the quarter ended September 2016 as against Rs 137.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales261.93137.72 90 OPM %10.324.94 - PBDT18.15-0.19 LP PBT14.69-3.51 LP NP9.60-2.35 LP

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Nettlinx reports consolidated net profit of Rs 0.95 crore in the September 2016 quarter
Nov 10,2016

Net profit of Nettlinx reported to Rs 0.95 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 19.80% to Rs 5.87 crore in the quarter ended September 2016 as against Rs 4.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.874.90 20 OPM %17.550.82 - PBDT1.040.10 940 PBT0.950 0 NP0.950 0

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Inditrade Capital standalone net profit declines 76.99% in the September 2016 quarter
Nov 10,2016

Net profit of Inditrade Capital declined 76.99% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 1.13 crore during the previous quarter ended September 2015. Sales rose 43.83% to Rs 5.48 crore in the quarter ended September 2016 as against Rs 3.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.483.81 44 OPM %-2.92-50.39 - PBDT0.571.90 -70 PBT0.341.75 -81 NP0.261.13 -77

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Dhanuka Agritech consolidated net profit rises 30.46% in the September 2016 quarter
Nov 10,2016

Net profit of Dhanuka Agritech rose 30.46% to Rs 49.21 crore in the quarter ended September 2016 as against Rs 37.72 crore during the previous quarter ended September 2015. Sales rose 14.36% to Rs 308.97 crore in the quarter ended September 2016 as against Rs 270.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales308.97270.17 14 OPM %22.9020.04 - PBDT73.5754.78 34 PBT70.1753.45 31 NP49.2137.72 30

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Accel Frontline reports standalone net loss of Rs 5.37 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Accel Frontline reported to Rs 5.37 crore in the quarter ended September 2016 as against net loss of Rs 12.93 crore during the previous quarter ended September 2015. Sales rose 1.66% to Rs 84.10 crore in the quarter ended September 2016 as against Rs 82.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales84.1082.73 2 OPM %2.73-6.94 - PBDT-3.36-10.27 67 PBT-5.37-12.93 58 NP-5.37-12.93 58

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Best Steel Logistics reports standalone net profit of Rs 0.34 crore in the September 2016 quarter
Nov 10,2016

Net profit of Best Steel Logistics reported to Rs 0.34 crore in the quarter ended September 2016 as against net loss of Rs 0.09 crore during the previous quarter ended September 2015. Sales rose 24.07% to Rs 1.34 crore in the quarter ended September 2016 as against Rs 1.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.341.08 24 OPM %58.96-3.70 - PBDT0.49-0.09 LP PBT0.49-0.09 LP NP0.34-0.09 LP

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Gateway Distriparks standalone net profit declines 29.13% in the September 2016 quarter
Nov 10,2016

Net profit of Gateway Distriparks declined 29.13% to Rs 10.07 crore in the quarter ended September 2016 as against Rs 14.21 crore during the previous quarter ended September 2015. Sales rose 23.37% to Rs 82.77 crore in the quarter ended September 2016 as against Rs 67.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales82.7767.09 23 OPM %19.1134.24 - PBDT18.8426.81 -30 PBT13.4820.53 -34 NP10.0714.21 -29

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Fraser and Company reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 10,2016

Net loss of Fraser and Company reported to Rs 0.05 crore in the quarter ended September 2016 as against net profit of Rs 0.04 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.09 -100 OPM %044.44 - PBDT-0.050.04 PL PBT-0.050.04 PL NP-0.050.04 PL

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Accel Frontline reports consolidated net loss of Rs 5.96 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Accel Frontline reported to Rs 5.96 crore in the quarter ended September 2016 as against net loss of Rs 14.21 crore during the previous quarter ended September 2015. Sales rose 17.83% to Rs 133.93 crore in the quarter ended September 2016 as against Rs 113.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales133.93113.66 18 OPM %6.83-3.70 - PBDT3.17-9.00 LP PBT-0.15-12.07 99 NP-5.96-14.21 58

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Arrow Textiles standalone net profit declines 45.93% in the September 2016 quarter
Nov 10,2016

Net profit of Arrow Textiles declined 45.93% to Rs 0.93 crore in the quarter ended September 2016 as against Rs 1.72 crore during the previous quarter ended September 2015. Sales rose 4.28% to Rs 11.70 crore in the quarter ended September 2016 as against Rs 11.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.7011.22 4 OPM %21.4520.41 - PBDT2.533.62 -30 PBT1.522.55 -40 NP0.931.72 -46

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