My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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.

Powered by Capital Market - Live News

Insecticides India standalone net profit rises 59.42% in the September 2016 quarter
Nov 08,2016

Net profit of Insecticides India rose 59.42% to Rs 28.68 crore in the quarter ended September 2016 as against Rs 17.99 crore during the previous quarter ended September 2015. Sales rose 26.35% to Rs 467.50 crore in the quarter ended September 2016 as against Rs 369.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales467.50369.99 26 OPM %10.229.46 - PBDT44.1426.63 66 PBT40.1122.62 77 NP28.6817.99 59

Powered by Capital Market - Live News

Sutlej Textiles and Industries standalone net profit rises 57.70% in the September 2016 quarter
Nov 08,2016

Net profit of Sutlej Textiles and Industries rose 57.70% to Rs 51.90 crore in the quarter ended September 2016 as against Rs 32.91 crore during the previous quarter ended September 2015. Sales rose 9.54% to Rs 549.01 crore in the quarter ended September 2016 as against Rs 501.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales549.01501.20 10 OPM %15.3313.46 - PBDT82.6063.09 31 PBT62.0244.25 40 NP51.9032.91 58

Powered by Capital Market - Live News

Florence Investech standalone net profit rises 14.62% in the September 2016 quarter
Nov 08,2016

Net profit of Florence Investech rose 14.62% to Rs 9.88 crore in the quarter ended September 2016 as against Rs 8.62 crore during the previous quarter ended September 2015. Sales rose 15.43% to Rs 10.10 crore in the quarter ended September 2016 as against Rs 8.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.108.75 15 OPM %98.8198.51 - PBDT9.988.62 16 PBT9.988.62 16 NP9.888.62 15

Powered by Capital Market - Live News

Nitin Spinners standalone net profit rises 35.88% in the September 2016 quarter
Nov 08,2016

Net profit of Nitin Spinners rose 35.88% to Rs 14.05 crore in the quarter ended September 2016 as against Rs 10.34 crore during the previous quarter ended September 2015. Sales rose 8.66% to Rs 206.47 crore in the quarter ended September 2016 as against Rs 190.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales206.47190.02 9 OPM %15.4918.33 - PBDT26.9826.01 4 PBT17.0116.01 6 NP14.0510.34 36

Powered by Capital Market - Live News

Transwarranty Finance reports standalone net loss of Rs 0.30 crore in the September 2016 quarter
Nov 08,2016

Net Loss of Transwarranty Finance reported to Rs 0.30 crore in the quarter ended September 2016 as against net loss of Rs 0.33 crore during the previous quarter ended September 2015. Sales declined 61.75% to Rs 0.70 crore in the quarter ended September 2016 as against Rs 1.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.701.83 -62 OPM %-25.71-15.30 - PBDT-0.29-0.31 6 PBT-0.30-0.33 9 NP-0.30-0.33 9

Powered by Capital Market - Live News

Vishvprabha Trading reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 08,2016

Net loss of Vishvprabha Trading reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported 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.

Powered by Capital Market - Live News

M M Rubber Co standalone net profit rises 500.00% in the September 2016 quarter
Nov 08,2016

Net profit of M M Rubber Co rose 500.00% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 1.65% to Rs 4.93 crore in the quarter ended September 2016 as against Rs 4.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4.934.85 2 OPM %5.684.12 - PBDT0.160.06 167 PBT0.120.02 500 NP0.120.02 500

Powered by Capital Market - Live News

Diamines & Chemicals reports standalone net profit of Rs 1.71 crore in the September 2016 quarter
Nov 08,2016

Net profit of Diamines & Chemicals reported to Rs 1.71 crore in the quarter ended September 2016 as against net loss of Rs 0.32 crore during the previous quarter ended September 2015. Sales rose 3.63% to Rs 9.42 crore in the quarter ended September 2016 as against Rs 9.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.429.09 4 OPM %33.769.24 - PBDT2.770.26 965 PBT2.28-0.24 LP NP1.71-0.32 LP

Powered by Capital Market - Live News

Transwarranty Finance reports consolidated net loss of Rs 0.17 crore in the September 2016 quarter
Nov 08,2016

Net Loss of Transwarranty Finance reported to Rs 0.17 crore in the quarter ended September 2016 as against net loss of Rs 0.62 crore during the previous quarter ended September 2015. Sales declined 23.30% to Rs 2.37 crore in the quarter ended September 2016 as against Rs 3.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.373.09 -23 OPM %6.33-11.33 - PBDT-0.09-0.51 82 PBT-0.17-0.62 73 NP-0.17-0.62 73

Powered by Capital Market - Live News

Rama Steel Tubes consolidated net profit rises 62.73% in the September 2016 quarter
Nov 08,2016

Net profit of Rama Steel Tubes rose 62.73% to Rs 2.62 crore in the quarter ended September 2016 as against Rs 1.61 crore during the previous quarter ended September 2015. Sales declined 4.47% to Rs 58.82 crore in the quarter ended September 2016 as against Rs 61.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales58.8261.57 -4 OPM %9.206.45 - PBDT4.302.92 47 PBT3.632.09 74 NP2.621.61 63

Powered by Capital Market - Live News

Cineline India standalone net profit declines 4.88% in the September 2016 quarter
Nov 08,2016

Net profit of Cineline India declined 4.88% to Rs 2.73 crore in the quarter ended September 2016 as against Rs 2.87 crore during the previous quarter ended September 2015. Sales rose 16.91% to Rs 6.36 crore in the quarter ended September 2016 as against Rs 5.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.365.44 17 OPM %70.6065.26 - PBDT4.713.88 21 PBT3.822.35 63 NP2.732.87 -5

Powered by Capital Market - Live News

Sakuma Exports standalone net profit rises 48.70% in the September 2016 quarter
Nov 08,2016

Net profit of Sakuma Exports rose 48.70% to Rs 4.00 crore in the quarter ended September 2016 as against Rs 2.69 crore during the previous quarter ended September 2015. Sales rose 34.80% to Rs 545.07 crore in the quarter ended September 2016 as against Rs 404.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales545.07404.35 35 OPM %1.340.73 - PBDT6.204.27 45 PBT6.054.09 48 NP4.002.69 49

Powered by Capital Market - Live News

TSL Industries reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 08,2016

Net loss of TSL Industries reported to Rs 0.01 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 40.00% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.150.25 -40 OPM %-6.674.00 - PBDT-0.010.01 PL PBT-0.010.01 PL NP-0.010.01 PL

Powered by Capital Market - Live News

Bharat Heavy Electricals reports standalone net profit of Rs 109.00 crore in the September 2016 quarter
Nov 08,2016

Net profit of Bharat Heavy Electricals reported to Rs 109.00 crore in the quarter ended September 2016 as against net loss of Rs 180.78 crore during the previous quarter ended September 2015. Sales rose 12.08% to Rs 6550.77 crore in the quarter ended September 2016 as against Rs 5844.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6550.775844.50 12 OPM %2.37-7.49 - PBDT346.18-68.38 LP PBT138.15-293.31 LP NP109.00-180.78 LP

Powered by Capital Market - Live News

Global Offshore Services reports consolidated net loss of Rs 27.34 crore in the September 2016 quarter
Nov 08,2016

Net Loss of Global Offshore Services reported to Rs 27.34 crore in the quarter ended September 2016 as against net loss of Rs 5.15 crore during the previous quarter ended September 2015. Sales declined 57.66% to Rs 39.60 crore in the quarter ended September 2016 as against Rs 93.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales39.6093.52 -58 OPM %-3.4125.88 - PBDT-16.709.00 PL PBT-34.40-9.82 -250 NP-27.34-5.15 -431

Powered by Capital Market - Live News