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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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Pacific Industries announces incorporation of two wholly owned subsidiaries
Nov 08,2016

Pacific Industries has incorporated two wholly owned subsidiaries in the name and style of GAZE FASHIOTRADE AND GIST MINERALS TECHNOLOGIES, and the Company has acquired 99,994 equity shares of Rs. 10/- in each of two newly incorporated companys as the wholly owned subsidiary Company.

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Minister of Railways flags off 15069/15070 Gorakhpur-Badshahnagar Express (daily)
Nov 08,2016

The Minister of Railways, Shri Suresh Prabhakar Prabhu, in a programme on 08.11.2016 at Rail Bhawan flagged off 15069/15070 Gorakhpur-Badshahnagar (Lucknow) Express (daily) through Video-Conferencing. Minister of State for Railways Shri Rajen Gohain was specially present to grace the occasion. Chairman, Railway Board, Shri A. K. Mital, Member Traffic, Railway Board Shri Mohd. Jamshed, other Railway Board Members and senior officials were also present on the occasion at Rail Bhawan end. Local Members of Parliament of Gorakhpur and other districts were also present to grace the flag off function at Gorakhpur end.

Speaking on the occasion, Minister of Railways Shri Suresh Prabhakar Prabhu said that Uttar Pradesh is a big and populous State and thus it requires better railway network. He said that Gorakhpur is a big city which has historic importance too, this new intercity train service will help the Gorakhpur people to grow in social and economic terms.

Speaking on the occasion, Minister of State for Railways Shri Rajen Gohain said that the rail is the cheapest mode of travel in India. Thus, Railways intends to expand rail network throughout the length and breadth of the country so that every citizen can be benefitted. He said that Railways will introduce some more new trains services soon.

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K E C International standalone net profit declines 4.19% in the September 2016 quarter
Nov 08,2016

Net profit of K E C International declined 4.19% to Rs 48.89 crore in the quarter ended September 2016 as against Rs 51.03 crore during the previous quarter ended September 2015. Sales declined 1.24% to Rs 1772.19 crore in the quarter ended September 2016 as against Rs 1794.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1772.191794.53 -1 OPM %8.218.92 - PBDT103.44105.67 -2 PBT75.8879.61 -5 NP48.8951.03 -4

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Gokul Refoils and Solvent standalone net profit rises 23.27% in the September 2016 quarter
Nov 08,2016

Net profit of Gokul Refoils and Solvent rose 23.27% to Rs 1.96 crore in the quarter ended September 2016 as against Rs 1.59 crore during the previous quarter ended September 2015. Sales rose 17.89% to Rs 438.35 crore in the quarter ended September 2016 as against Rs 371.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales438.35371.84 18 OPM %1.390.81 - PBDT4.854.18 16 PBT2.892.17 33 NP1.961.59 23

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Rama Steel Tubes standalone net profit rises 157.94% in the September 2016 quarter
Nov 08,2016

Net profit of Rama Steel Tubes rose 157.94% to Rs 2.76 crore in the quarter ended September 2016 as against Rs 1.07 crore during the previous quarter ended September 2015. Sales rose 2.30% to Rs 54.32 crore in the quarter ended September 2016 as against Rs 53.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales54.3253.10 2 OPM %10.206.44 - PBDT4.432.37 87 PBT3.761.54 144 NP2.761.07 158

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Thirani Projects reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 08,2016

Net loss of Thirani Projects reported to Rs 0.13 crore in the quarter ended September 2016 as against net profit of Rs 0.41 crore during the previous quarter ended September 2015. Sales rose 304.65% to Rs 1.74 crore in the quarter ended September 2016 as against Rs 0.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.740.43 305 OPM %-7.4795.35 - PBDT-0.130.41 PL PBT-0.130.41 PL NP-0.130.41 PL

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Mcleod Russel India standalone net profit rises 13.43% in the September 2016 quarter
Nov 08,2016

Net profit of Mcleod Russel India rose 13.43% to Rs 132.08 crore in the quarter ended September 2016 as against Rs 116.44 crore during the previous quarter ended September 2015. Sales declined 13.33% to Rs 435.48 crore in the quarter ended September 2016 as against Rs 502.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales435.48502.45 -13 OPM %38.1938.23 - PBDT194.08184.37 5 PBT173.28164.09 6 NP132.08116.44 13

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Kothari Petrochemicals standalone net profit declines 54.95% in the September 2016 quarter
Nov 08,2016

Net profit of Kothari Petrochemicals declined 54.95% to Rs 0.91 crore in the quarter ended September 2016 as against Rs 2.02 crore during the previous quarter ended September 2015. Sales declined 11.50% to Rs 46.50 crore in the quarter ended September 2016 as against Rs 52.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales46.5052.54 -11 OPM %4.776.03 - PBDT2.273.72 -39 PBT1.533.04 -50 NP0.912.02 -55

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Themis Medicare standalone net profit rises 52.04% in the September 2016 quarter
Nov 08,2016

Net profit of Themis Medicare rose 52.04% to Rs 7.07 crore in the quarter ended September 2016 as against Rs 4.65 crore during the previous quarter ended September 2015. Sales rose 0.07% to Rs 56.06 crore in the quarter ended September 2016 as against Rs 56.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales56.0656.02 0 OPM %19.5316.98 - PBDT8.646.52 33 PBT6.934.65 49 NP7.074.65 52

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Jaysynth Dyestuff (India) standalone net profit declines 36.44% in the September 2016 quarter
Nov 08,2016

Net profit of Jaysynth Dyestuff (India) declined 36.44% to Rs 1.57 crore in the quarter ended September 2016 as against Rs 2.47 crore during the previous quarter ended September 2015. Sales rose 2.65% to Rs 30.60 crore in the quarter ended September 2016 as against Rs 29.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales30.6029.81 3 OPM %8.308.45 - PBDT2.853.66 -22 PBT2.383.26 -27 NP1.572.47 -36

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National Steel & Agro Industries standalone net profit declines 0.60% in the September 2016 quarter
Nov 08,2016

Net profit of National Steel & Agro Industries declined 0.60% to Rs 3.34 crore in the quarter ended September 2016 as against Rs 3.36 crore during the previous quarter ended September 2015. Sales rose 19.48% to Rs 1099.99 crore in the quarter ended September 2016 as against Rs 920.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1099.99920.68 19 OPM %3.904.32 - PBDT10.3410.81 -4 PBT6.147.13 -14 NP3.343.36 -1

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Southern Petrochemicals Industries Corporation standalone net profit rises 64.64% in the September 2016 quarter
Nov 08,2016

Net profit of Southern Petrochemicals Industries Corporation rose 64.64% to Rs 22.26 crore in the quarter ended September 2016 as against Rs 13.52 crore during the previous quarter ended September 2015. Sales declined 3.28% to Rs 497.78 crore in the quarter ended September 2016 as against Rs 514.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales497.78514.67 -3 OPM %4.646.87 - PBDT30.1620.87 45 PBT22.2613.52 65 NP22.2613.52 65

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J Taparia Projects reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 08,2016

Net Loss of J Taparia Projects reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.01 crore 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.

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Interglobe Aviation standalone net profit rises 23.62% in the September 2016 quarter
Nov 08,2016

Net profit of Interglobe Aviation rose 23.62% to Rs 139.85 crore in the quarter ended September 2016 as against Rs 113.13 crore during the previous quarter ended September 2015. Sales rose 17.89% to Rs 4149.30 crore in the quarter ended September 2016 as against Rs 3519.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4149.303519.52 18 OPM %4.717.68 - PBDT295.43289.28 2 PBT176.56160.62 10 NP139.85113.13 24

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Themis Medicare consolidated net profit rises 5.92% in the September 2016 quarter
Nov 08,2016

Net profit of Themis Medicare rose 5.92% to Rs 6.98 crore in the quarter ended September 2016 as against Rs 6.59 crore during the previous quarter ended September 2015. Sales declined 5.13% to Rs 59.89 crore in the quarter ended September 2016 as against Rs 63.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales59.8963.13 -5 OPM %20.3518.99 - PBDT10.169.07 12 PBT7.756.48 20 NP6.986.59 6

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