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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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Axis Capital Markets (India) consolidated net profit declines 13.61% in the September 2016 quarter
Nov 10,2016

Net profit of Axis Capital Markets (India) declined 13.61% to Rs 1.27 crore in the quarter ended September 2016 as against Rs 1.47 crore during the previous quarter ended September 2015. Sales rose 152.76% to Rs 3.21 crore in the quarter ended September 2016 as against Rs 1.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.211.27 153 OPM %83.8066.93 - PBDT2.730.90 203 PBT2.600.79 229 NP1.271.47 -14

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Maithan Alloys standalone net profit declines 32.31% in the September 2016 quarter
Nov 10,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales289.77274.76 5 OPM %6.576.41 - PBDT17.2417.63 -2 PBT11.3516.56 -31 NP8.8013.00 -32

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Page Industries standalone net profit rises 14.05% in the September 2016 quarter
Nov 10,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales532.12462.27 15 OPM %20.2021.86 - PBDT109.6998.32 12 PBT103.6692.56 12 NP68.6760.21 14

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Tips Industries standalone net profit declines 66.67% in the September 2016 quarter
Nov 10,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.5812.01 -12 OPM %31.2940.47 - PBDT1.182.26 -48 PBT0.801.84 -57 NP0.531.59 -67

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Talbros Engineering standalone net profit rises 257.78% in the September 2016 quarter
Nov 10,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.6132.04 17 OPM %8.465.52 - PBDT2.811.57 79 PBT1.900.69 175 NP1.610.45 258

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Indo-City Infotech standalone net profit declines 66.67% in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.390.11 255 OPM %2.569.09 - PBDT0.040.06 -33 PBT0.010.04 -75 NP0.010.03 -67

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International Pumps & Projects standalone net profit declines 80.00% in the September 2016 quarter
Nov 10,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.955.17 -43 OPM %-2.370.77 - PBDT0.040.20 -80 PBT0.040.20 -80 NP0.040.20 -80

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Alfa Ica (India) standalone net profit declines 22.58% in the September 2016 quarter
Nov 10,2016

Net profit of Alfa Ica (India) declined 22.58% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.31 crore during the previous quarter ended September 2015. Sales declined 17.78% to Rs 12.02 crore in the quarter ended September 2016 as against Rs 14.62 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.0214.62 -18 OPM %6.746.91 - PBDT0.520.72 -28 PBT0.340.53 -36 NP0.240.31 -23

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Bank of India reports standalone net profit of Rs 126.84 crore in the September 2016 quarter
Nov 10,2016

Net profit of Bank of India reported to Rs 126.84 crore in the quarter ended September 2016 as against net loss of Rs 1126.24 crore during the previous quarter ended September 2015. Total Operating Income declined 10.26% to Rs 9458.48 crore in the quarter ended September 2016 as against Rs 10539.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income9458.4810539.87 -10 OPM %52.0747.09 - PBDT196.62-1779.13 LP PBT196.62-1779.13 LP NP126.84-1126.24 LP

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Premco Global standalone net profit declines 5.22% in the September 2016 quarter
Nov 10,2016

Net profit of Premco Global declined 5.22% to Rs 3.27 crore in the quarter ended September 2016 as against Rs 3.45 crore during the previous quarter ended September 2015. Sales declined 4.99% to Rs 20.18 crore in the quarter ended September 2016 as against Rs 21.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.1821.24 -5 OPM %28.3423.92 - PBDT5.585.69 -2 PBT4.985.18 -4 NP3.273.45 -5

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Mohit Paper Mills standalone net profit declines 4.00% in the September 2016 quarter
Nov 10,2016

Net profit of Mohit Paper Mills declined 4.00% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015. Sales rose 3.21% to Rs 23.15 crore in the quarter ended September 2016 as against Rs 22.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.1522.43 3 OPM %8.038.65 - PBDT1.131.23 -8 PBT0.250.29 -14 NP0.240.25 -4

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Kerala Ayurveda standalone net profit rises 35.48% in the September 2016 quarter
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Net profit of Kerala Ayurveda rose 35.48% to Rs 0.84 crore in the quarter ended September 2016 as against Rs 0.62 crore during the previous quarter ended September 2015. Sales rose 16.38% to Rs 9.38 crore in the quarter ended September 2016 as against Rs 8.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.388.06 16 OPM %12.3712.53 - PBDT0.890.74 20 PBT0.770.62 24 NP0.840.62 35

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Dhoot Industrial Finance standalone net profit declines 30.26% in the September 2016 quarter
Nov 10,2016

Net profit of Dhoot Industrial Finance declined 30.26% to Rs 1.59 crore in the quarter ended September 2016 as against Rs 2.28 crore during the previous quarter ended September 2015. Sales declined 40.26% to Rs 17.60 crore in the quarter ended September 2016 as against Rs 29.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.6029.46 -40 OPM %15.808.69 - PBDT2.134.14 -49 PBT1.933.95 -51 NP1.592.28 -30

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Suryo Foods & Industries standalone net profit rises 3.70% in the September 2016 quarter
Nov 10,2016

Net profit of Suryo Foods & Industries rose 3.70% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015. Sales rose 2.67% to Rs 0.77 crore in the quarter ended September 2016 as against Rs 0.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.770.75 3 OPM %42.8642.67 - PBDT0.350.32 9 PBT0.280.27 4 NP0.280.27 4

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Narmada Gelatines standalone net profit declines 63.44% in the September 2016 quarter
Nov 10,2016

Net profit of Narmada Gelatines declined 63.44% to Rs 0.68 crore in the quarter ended September 2016 as against Rs 1.86 crore during the previous quarter ended September 2015. Sales declined 15.09% to Rs 27.73 crore in the quarter ended September 2016 as against Rs 32.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.7332.66 -15 OPM %0.618.33 - PBDT1.073.12 -66 PBT0.792.84 -72 NP0.681.86 -63

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