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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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Tata Communications announces resignation of director
Jan 28,2017

Tata Communications announced that Dr. Ashok Jhunjhunwala has resigned as Director from the Board of the Company, effective from the close of business on 27 January 2017.

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Automobile Corporation of Goa to pay interim dividend
Jan 28,2017

Automobile Corporation of Goa announced that interim dividend of will be paid by 23 February 2017.

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Board of Automobile Corporation of Goa declares interim dividend
Jan 28,2017

Automobile Corporation of Goa announced that the Board of Directors of the Company at its meeting held on 28 January 2017, has declared an Interim Dividend of Rs. 5/- per Equity Share, (Previous period Rs. 2.50/- per Equity Share).

The interim dividend will be paid by 23 February 2017.

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Vertex Securities reports standalone net profit of Rs 0.36 crore in the December 2016 quarter
Jan 28,2017

Net profit of Vertex Securities reported to Rs 0.36 crore in the quarter ended December 2016 as against net loss of Rs 0.32 crore during the previous quarter ended December 2015. Sales rose 36.36% to Rs 1.35 crore in the quarter ended December 2016 as against Rs 0.99 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.350.99 36 OPM %46.67-8.08 - PBDT0.41-0.25 LP PBT0.36-0.32 LP NP0.36-0.32 LP

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Dr Agarwals Eye Hospital reports standalone net loss of Rs 0.28 crore in the December 2016 quarter
Jan 28,2017

Net Loss of Dr Agarwals Eye Hospital reported to Rs 0.28 crore in the quarter ended December 2016 as against net loss of Rs 1.78 crore during the previous quarter ended December 2015. Sales rose 20.63% to Rs 34.15 crore in the quarter ended December 2016 as against Rs 28.31 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales34.1528.31 21 OPM %7.201.80 - PBDT1.67-0.44 LP PBT-0.41-2.68 85 NP-0.28-1.78 84

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Mangalore Chemicals & Fertilizers reports standalone net profit of Rs 7.74 crore in the December 2016 quarter
Jan 28,2017

Net profit of Mangalore Chemicals & Fertilizers reported to Rs 7.74 crore in the quarter ended December 2016 as against net loss of Rs 3.63 crore during the previous quarter ended December 2015. Sales rose 6.85% to Rs 550.23 crore in the quarter ended December 2016 as against Rs 514.96 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales550.23514.96 7 OPM %7.785.14 - PBDT20.87-4.74 LP PBT12.12-12.36 LP NP7.74-3.63 LP

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Larsen & Toubro standalone net profit rises 16.59% in the December 2016 quarter
Jan 28,2017

Net profit of Larsen & Toubro rose 16.59% to Rs 934.18 crore in the quarter ended December 2016 as against Rs 801.27 crore during the previous quarter ended December 2015. Sales rose 0.23% to Rs 15769.19 crore in the quarter ended December 2016 as against Rs 15732.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales15769.1915732.77 0 OPM %8.575.65 - PBDT1493.551067.83 40 PBT1226.90875.83 40 NP934.18801.27 17

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Kiri Industries standalone net profit rises 1102.27% in the December 2016 quarter
Jan 28,2017

Net profit of Kiri Industries rose 1102.27% to Rs 21.16 crore in the quarter ended December 2016 as against Rs 1.76 crore during the previous quarter ended December 2015. Sales declined 9.74% to Rs 224.56 crore in the quarter ended December 2016 as against Rs 248.80 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales224.56248.80 -10 OPM %13.0110.22 - PBDT27.407.91 246 PBT21.931.56 1306 NP21.161.76 1102

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Arco Leasing reports standalone nil net profit/loss in the December 2016 quarter
Jan 28,2017

Arco Leasing reported no net profit/loss in the quarter ended December 2016 and during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Mayur Floorings reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Jan 28,2017

Net loss of Mayur Floorings reported to Rs 0.01 crore in the quarter ended December 2016 as against net profit of Rs 0.02 crore during the previous quarter ended December 2015. Sales declined 79.03% to Rs 0.13 crore in the quarter ended December 2016 as against Rs 0.62 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.130.62 -79 OPM %30.778.06 - PBDT0.010.04 -75 PBT-0.010.02 PL NP-0.010.02 PL

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Cybele Industries reports standalone net loss of Rs 0.85 crore in the December 2016 quarter
Jan 28,2017

Net Loss of Cybele Industries reported to Rs 0.85 crore in the quarter ended December 2016 as against net loss of Rs 0.07 crore during the previous quarter ended December 2015. Sales rose 45.74% to Rs 1.37 crore in the quarter ended December 2016 as against Rs 0.94 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.370.94 46 OPM %-51.09-7.45 - PBDT-0.730.04 PL PBT-0.85-0.07 -1114 NP-0.85-0.07 -1114

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Sankhya Infotech standalone net profit rises 70.24% in the December 2016 quarter
Jan 28,2017

Net profit of Sankhya Infotech rose 70.24% to Rs 1.43 crore in the quarter ended December 2016 as against Rs 0.84 crore during the previous quarter ended December 2015. Sales declined 3.47% to Rs 38.35 crore in the quarter ended December 2016 as against Rs 39.73 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales38.3539.73 -3 OPM %11.979.89 - PBDT3.552.63 35 PBT2.031.26 61 NP1.430.84 70

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BNK Capital Markets standalone net profit rises 216.67% in the December 2016 quarter
Jan 28,2017

Net profit of BNK Capital Markets rose 216.67% to Rs 0.19 crore in the quarter ended December 2016 as against Rs 0.06 crore during the previous quarter ended December 2015. Sales rose 50.91% to Rs 0.83 crore in the quarter ended December 2016 as against Rs 0.55 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.830.55 51 OPM %55.4241.82 - PBDT0.340.12 183 PBT0.290.06 383 NP0.190.06 217

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Electrosteel Castings standalone net profit rises 32.51% in the December 2016 quarter
Jan 28,2017

Net profit of Electrosteel Castings rose 32.51% to Rs 24.01 crore in the quarter ended December 2016 as against Rs 18.12 crore during the previous quarter ended December 2015. Sales declined 9.45% to Rs 441.98 crore in the quarter ended December 2016 as against Rs 488.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales441.98488.13 -9 OPM %18.2515.92 - PBDT51.9139.86 30 PBT36.1923.89 51 NP24.0118.12 33

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Kiri Industries consolidated net profit declines 37.50% in the December 2016 quarter
Jan 28,2017

Net profit of Kiri Industries declined 37.50% to Rs 43.81 crore in the quarter ended December 2016 as against Rs 70.10 crore during the previous quarter ended December 2015. Sales declined 14.25% to Rs 254.39 crore in the quarter ended December 2016 as against Rs 296.65 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales254.39296.65 -14 OPM %13.0810.84 - PBDT31.5814.63 116 PBT24.406.61 269 NP43.8170.10 -38

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