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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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SREI Infrastructure Finance standalone net profit rises 182.45% in the September 2016 quarter
Nov 07,2016

Net profit of SREI Infrastructure Finance rose 182.45% to Rs 23.02 crore in the quarter ended September 2016 as against Rs 8.15 crore during the previous quarter ended September 2015. Sales declined 13.39% to Rs 428.23 crore in the quarter ended September 2016 as against Rs 494.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales428.23494.41 -13 OPM %92.1086.88 - PBDT49.7725.02 99 PBT36.7411.79 212 NP23.028.15 182

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Honda Siel Power Products standalone net profit rises 107.66% in the September 2016 quarter
Nov 07,2016

Net profit of Honda Siel Power Products rose 107.66% to Rs 17.90 crore in the quarter ended September 2016 as against Rs 8.62 crore during the previous quarter ended September 2015. Sales rose 21.95% to Rs 179.14 crore in the quarter ended September 2016 as against Rs 146.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales179.14146.90 22 OPM %15.7110.82 - PBDT33.1818.72 77 PBT27.4213.19 108 NP17.908.62 108

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VCCL reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 07,2016

Net Loss of VCCL reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 0.07 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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Nilkamal standalone net profit rises 0.80% in the September 2016 quarter
Nov 07,2016

Net profit of Nilkamal rose 0.80% to Rs 26.33 crore in the quarter ended September 2016 as against Rs 26.12 crore during the previous quarter ended September 2015. Sales declined 2.16% to Rs 466.60 crore in the quarter ended September 2016 as against Rs 476.90 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales466.60476.90 -2 OPM %11.0010.68 - PBDT50.7950.37 1 PBT38.1737.67 1 NP26.3326.12 1

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Luharuka Media & Infra standalone net profit rises 233.33% in the September 2016 quarter
Nov 07,2016

Net profit of Luharuka Media & Infra rose 233.33% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 362.50% to Rs 0.37 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.370.08 363 OPM %70.27100.00 - PBDT0.260.08 225 PBT0.260.08 225 NP0.200.06 233

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STI India reports standalone net loss of Rs 0.39 crore in the September 2016 quarter
Nov 07,2016

Net loss of STI India reported to Rs 0.39 crore in the quarter ended September 2016 as against net profit of Rs 42.98 crore during the previous quarter ended September 2015. Sales rose 9.08% to Rs 13.70 crore in the quarter ended September 2016 as against Rs 12.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.7012.56 9 OPM %1.53-13.30 - PBDT0.5146.49 -99 PBT-0.3945.53 PL NP-0.3942.98 PL

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Tanfac Industries reports standalone net profit of Rs 3.15 crore in the September 2016 quarter
Nov 07,2016

Net profit of Tanfac Industries reported to Rs 3.15 crore in the quarter ended September 2016 as against net loss of Rs 4.45 crore during the previous quarter ended September 2015. Sales rose 40.06% to Rs 31.57 crore in the quarter ended September 2016 as against Rs 22.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales31.5722.54 40 OPM %17.04-10.69 - PBDT4.35-4.14 LP PBT3.15-5.33 LP NP3.15-4.45 LP

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Indo Gulf Industries reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 07,2016

Net Loss of Indo Gulf Industries reported to Rs 0.13 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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Vertex Securities reports consolidated net profit of Rs 0.13 crore in the September 2016 quarter
Nov 07,2016

Net profit of Vertex Securities reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.28 crore during the previous quarter ended September 2015. Sales rose 32.54% to Rs 1.67 crore in the quarter ended September 2016 as against Rs 1.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.671.26 33 OPM %20.36-4.76 - PBDT0.20-0.19 LP PBT0.13-0.28 LP NP0.13-0.28 LP

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Sacheta Metals standalone net profit rises 11.11% in the September 2016 quarter
Nov 07,2016

Net profit of Sacheta Metals rose 11.11% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.18 crore during the previous quarter ended September 2015. Sales rose 5.57% to Rs 15.17 crore in the quarter ended September 2016 as against Rs 14.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.1714.37 6 OPM %5.346.33 - PBDT0.710.80 -11 PBT0.270.23 17 NP0.200.18 11

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Comfort Fincap standalone net profit rises 56.41% in the September 2016 quarter
Nov 07,2016

Net profit of Comfort Fincap rose 56.41% to Rs 0.61 crore in the quarter ended September 2016 as against Rs 0.39 crore during the previous quarter ended September 2015. Sales rose 39.24% to Rs 1.10 crore in the quarter ended September 2016 as against Rs 0.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.100.79 39 OPM %77.2782.28 - PBDT0.680.58 17 PBT0.680.58 17 NP0.610.39 56

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Ruby Traders & Exporters reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 07,2016

Net profit of Ruby Traders & Exporters remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales declined 57.14% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.150.35 -57 OPM %6.670 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Gulshan Polyols standalone net profit declines 13.77% in the September 2016 quarter
Nov 07,2016

Net profit of Gulshan Polyols declined 13.77% to Rs 5.76 crore in the quarter ended September 2016 as against Rs 6.68 crore during the previous quarter ended September 2015. Sales rose 3.36% to Rs 111.60 crore in the quarter ended September 2016 as against Rs 107.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales111.60107.97 3 OPM %12.3212.84 - PBDT13.1313.85 -5 PBT5.968.16 -27 NP5.766.68 -14

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Integrated Proteins reports standalone net profit of Rs 0.03 crore in the September 2016 quarter
Nov 07,2016

Net profit of Integrated Proteins remain constant at Rs 0.03 crore in the quarter ended September 2016 and also 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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Comfort Commotrade consolidated net profit rises 107.69% in the September 2016 quarter
Nov 07,2016

Net profit of Comfort Commotrade rose 107.69% to Rs 0.27 crore in the quarter ended September 2016 as against Rs 0.13 crore during the previous quarter ended September 2015. Sales declined 61.64% to Rs 0.28 crore in the quarter ended September 2016 as against Rs 0.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.280.73 -62 OPM %117.8630.14 - PBDT0.350.23 52 PBT0.340.22 55 NP0.270.13 108

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