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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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Five hundred and one thousand rupee notes will no longer be legal tender
Nov 09,2016

In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India has decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016.

The Government has accepted the recommendations of the RBI to issue Two thousand rupee notes and new notes of Five hundred rupees will also be placed in circulation.

Notes of one hundred, fifty, twenty, ten, five, two and one rupee will remain legal tender and will remain unaffected by the decision.

Prime Minister Shri Narendra Modi made these important announcements during a televised address to the nation on the evening of Tuesday 8th November 2016. He said that these decisions will fully protect the interests of honest and hard-working citizens of India and that those five hundred and one thousand rupee notes hoarded by anti-national and anti-social elements will become worthless pieces of paper.

The Prime Minister said the steps taken by the Government would strengthen the hands of the common citizens in the fight against corruption, black money and counterfeit notes.

Fully sensitive to some of the difficulties the common citizens may face in the coming days, the Prime Minister has announced a series of steps that will help overcome the potential problems.

Persons holding old notes of five hundred or one thousand rupees can deposit these notes in bank or post offices from 10th November onwards till 30th December, the Prime Minister announced. There are also some limits placed on the withdrawals from ATMs and bank for the very short run.

Shri Modi stated that on humanitarian grounds notes of five hundred and one thousand rupees will be accepted at government hospitals, pharmacies in government hospitals (with prescription of a doctor), booking counters for railway tickets, government buses, airline ticket counters, petrol, diesel and gas stations of PSU oil companies, consumer cooperative stores authorized by the state or central government, milk booths authorized by state government and crematoria, burial grounds.

Shri Modi emphasized that there is no restriction on any kind of non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfer.

In his address the Prime Minister shared the insight into how the magnitude of cash in circulation is linked to inflation and how the inflation situation is worsened due to the cash deployed through corrupt means. The Prime Minister added that it adversely affects the poor and the neo-middle class people. He cited the example of the problems being faced by the honest citizens while buying houses.

A time-tested commitment to eradicate black money

The Prime Minister has time and again said that the Government is committed to ensure that the menace of black money is overcome. Over the past two and a half years of the NDA Government, he has walked the talk and led by example.

The very first decision of the Prime Minister led NDA government was the formation of a SIT on black money.

A law was passed in 2015 on disclosure of foreign bank accounts. In August 2016 strict rules were put in place to curtail benami transactions. During the same period a scheme to declare black money was introduced.

The efforts have borne fruit. Over the past two and a half years, more than Rs. 1.25 lakh crore of black money has been brought into the open.

Raising the issue of black money at the world stage

Prime Minister Narendra Modi has time and again raised the issue of black money at the global forum, including at important multilateral summits and in bilateral meetings with leaders.

Record growth in last two and a half years

The Prime Minister said that the efforts of the Government have led to India emerging as a bright spot in the global economy. India is a preferred destination for investment and India is also an easier place to do business in. Leading financial agencies have shared their optimism about Indias growth as well.

Combined with this, Indian enterprise and innovation has received a fillip due to the Make in India, Start up India and Stand up India initiatives that seek to celebrate enterprise, innovation and research in India.

The historic announcements made by the Prime Minister will add value to the already thriving efforts of the Central Government.

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PTC India Financial Services standalone net profit declines 59.81% in the September 2016 quarter
Nov 08,2016

Net profit of PTC India Financial Services declined 59.81% to Rs 84.90 crore in the quarter ended September 2016 as against Rs 211.25 crore during the previous quarter ended September 2015. Sales declined 25.02% to Rs 315.64 crore in the quarter ended September 2016 as against Rs 420.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales315.64420.97 -25 OPM %92.8292.49 - PBDT127.04262.43 -52 PBT126.09261.35 -52 NP84.90211.25 -60

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Kusam Electrical Industries reports standalone net profit of Rs 0.15 crore in the September 2016 quarter
Nov 08,2016

Net profit of Kusam Electrical Industries reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 5.41% to Rs 0.78 crore in the quarter ended September 2016 as against Rs 0.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.780.74 5 OPM %8.970 - PBDT0.070 0 PBT0.05-0.02 LP NP0.15-0.02 LP

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Gorani Industries reports standalone net loss of Rs 0.07 crore in the September 2016 quarter
Nov 08,2016

Net loss of Gorani Industries reported to Rs 0.07 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 16.10% to Rs 1.37 crore in the quarter ended September 2016 as against Rs 1.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.371.18 16 OPM %-2.193.39 - PBDT-0.030.04 PL PBT-0.070 0 NP-0.070 0

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Alicon Castalloy standalone net profit rises 34.38% in the September 2016 quarter
Nov 08,2016

Net profit of Alicon Castalloy rose 34.38% to Rs 6.45 crore in the quarter ended September 2016 as against Rs 4.80 crore during the previous quarter ended September 2015. Sales rose 10.23% to Rs 191.67 crore in the quarter ended September 2016 as against Rs 173.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales191.67173.88 10 OPM %10.859.96 - PBDT15.5712.94 20 PBT9.286.85 35 NP6.454.80 34

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Spice Islands Apparels reports standalone net loss of Rs 1.44 crore in the September 2016 quarter
Nov 08,2016

Net loss of Spice Islands Apparels reported to Rs 1.44 crore in the quarter ended September 2016 as against net profit of Rs 0.09 crore during the previous quarter ended September 2015. Sales declined 65.44% to Rs 2.06 crore in the quarter ended September 2016 as against Rs 5.96 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.065.96 -65 OPM %-77.670.50 - PBDT-1.310.22 PL PBT-1.440.13 PL NP-1.440.09 PL

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NGL Fine Chem standalone net profit rises 12.55% in the September 2016 quarter
Nov 08,2016

Net profit of NGL Fine Chem rose 12.55% to Rs 2.87 crore in the quarter ended September 2016 as against Rs 2.55 crore during the previous quarter ended September 2015. Sales declined 8.61% to Rs 20.80 crore in the quarter ended September 2016 as against Rs 22.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.8022.76 -9 OPM %24.4721.97 - PBDT5.234.76 10 PBT4.484.11 9 NP2.872.55 13

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Poddar Pigments standalone net profit rises 26.21% in the September 2016 quarter
Nov 08,2016

Net profit of Poddar Pigments rose 26.21% to Rs 5.20 crore in the quarter ended September 2016 as against Rs 4.12 crore during the previous quarter ended September 2015. Sales rose 4.27% to Rs 82.35 crore in the quarter ended September 2016 as against Rs 78.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales82.3578.98 4 OPM %8.266.66 - PBDT7.816.23 25 PBT7.155.57 28 NP5.204.12 26

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Pradeep Metals standalone net profit rises 27.35% in the September 2016 quarter
Nov 08,2016

Net profit of Pradeep Metals rose 27.35% to Rs 1.49 crore in the quarter ended September 2016 as against Rs 1.17 crore during the previous quarter ended September 2015. Sales declined 0.11% to Rs 27.66 crore in the quarter ended September 2016 as against Rs 27.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.6627.69 0 OPM %17.2814.73 - PBDT3.622.61 39 PBT2.251.77 27 NP1.491.17 27

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Norris Medicines reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Nov 08,2016

Net loss of Norris Medicines reported to Rs 0.05 crore in the quarter ended September 2016 as against net profit of Rs 0.14 crore during the previous quarter ended September 2015. Sales rose 18.78% to Rs 6.64 crore in the quarter ended September 2016 as against Rs 5.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.645.59 19 OPM %3.4610.55 - PBDT0.100.45 -78 PBT-0.050.14 PL NP-0.050.14 PL

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Mukat Pipes reports standalone net profit of Rs 0.37 crore in the September 2016 quarter
Nov 08,2016

Net profit of Mukat Pipes reported to Rs 0.37 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales rose 56.60% to Rs 1.66 crore in the quarter ended September 2016 as against Rs 1.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.661.06 57 OPM %-1.812.83 - PBDT-0.100.02 PL PBT-0.130 0 NP0.370 0

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Jetking Infotrain standalone net profit declines 8.33% in the September 2016 quarter
Nov 08,2016

Net profit of Jetking Infotrain declined 8.33% to Rs 0.11 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales declined 6.43% to Rs 6.26 crore in the quarter ended September 2016 as against Rs 6.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.266.69 -6 OPM %0.1610.46 - PBDT0.750.76 -1 PBT0.180.18 0 NP0.110.12 -8

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Oswal Leasing reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 08,2016

Net profit of Oswal Leasing remain constant at Rs 0.03 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.040.04 0 OPM %75.00100.00 - PBDT0.040.04 0 PBT0.040.04 0 NP0.030.03 0

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Shivalik Bimetal Controls standalone net profit rises 318.03% in the September 2016 quarter
Nov 08,2016

Net profit of Shivalik Bimetal Controls rose 318.03% to Rs 2.55 crore in the quarter ended September 2016 as against Rs 0.61 crore during the previous quarter ended September 2015. Sales rose 19.21% to Rs 28.79 crore in the quarter ended September 2016 as against Rs 24.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales28.7924.15 19 OPM %16.5011.68 - PBDT4.371.78 146 PBT3.490.86 306 NP2.550.61 318

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UFO Moviez India consolidated net profit rises 23.09% in the September 2016 quarter
Nov 08,2016

Net profit of UFO Moviez India rose 23.09% to Rs 20.26 crore in the quarter ended September 2016 as against Rs 16.46 crore during the previous quarter ended September 2015. Sales rose 7.13% to Rs 158.82 crore in the quarter ended September 2016 as against Rs 148.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales158.82148.25 7 OPM %34.5930.37 - PBDT54.0143.71 24 PBT32.7923.88 37 NP20.2616.46 23

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