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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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Jubilant Industries reports consolidated net loss of Rs 1.66 crore in the June 2017 quarter
Jul 20,2017

Net loss of Jubilant Industries reported to Rs 1.66 crore in the quarter ended June 2017 as against net profit of Rs 1.05 crore during the previous quarter ended June 2016. Sales declined 8.64% to Rs 111.17 crore in the quarter ended June 2017 as against Rs 121.69 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales111.17121.69 -9 OPM %5.719.89 - PBDT-0.313.26 PL PBT-2.601.07 PL NP-1.661.05 PL

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Bajaj Finserv consolidated net profit rises 21.87% in the June 2017 quarter
Jul 20,2017

Net profit of Bajaj Finserv rose 21.87% to Rs 655.09 crore in the quarter ended June 2017 as against Rs 537.51 crore during the previous quarter ended June 2016. Sales rose 25.75% to Rs 6581.29 crore in the quarter ended June 2017 as against Rs 5233.81 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales6581.295233.81 26 OPM %38.6038.44 - PBDT1485.111159.53 28 PBT1462.871143.19 28 NP655.09537.51 22

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Mindtree consolidated net profit declines 1.46% in the June 2017 quarter
Jul 20,2017

Net profit of Mindtree declined 1.46% to Rs 121.70 crore in the quarter ended June 2017 as against Rs 123.50 crore during the previous quarter ended June 2016. Sales declined 2.87% to Rs 1289.50 crore in the quarter ended June 2017 as against Rs 1327.60 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1289.501327.60 -3 OPM %11.1314.70 - PBDT204.90209.80 -2 PBT159.00163.00 -2 NP121.70123.50 -1

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KPIT Technologies consolidated net profit rises 0.85% in the June 2017 quarter
Jul 20,2017

Net profit of KPIT Technologies rose 0.85% to Rs 55.52 crore in the quarter ended June 2017 as against Rs 55.05 crore during the previous quarter ended June 2016. Sales rose 8.17% to Rs 868.48 crore in the quarter ended June 2017 as against Rs 802.92 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales868.48802.92 8 OPM %9.1510.66 - PBDT88.9891.54 -3 PBT69.9472.77 -4 NP55.5255.05 1

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Jubilant Industries reports standalone net loss of Rs 0.64 crore in the June 2017 quarter
Jul 20,2017

Net Loss of Jubilant Industries reported to Rs 0.64 crore in the quarter ended June 2017 as against net loss of Rs 0.16 crore during the previous quarter ended June 2016. Sales declined 21.59% to Rs 4.14 crore in the quarter ended June 2017 as against Rs 5.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales4.145.28 -22 OPM %-15.22-4.73 - PBDT-0.61-0.13 -369 PBT-0.64-0.16 -300 NP-0.64-0.16 -300

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Bajaj Finserv standalone net profit declines 76.59% in the June 2017 quarter
Jul 20,2017

Net profit of Bajaj Finserv declined 76.59% to Rs 3.90 crore in the quarter ended June 2017 as against Rs 16.66 crore during the previous quarter ended June 2016. Sales declined 32.56% to Rs 27.40 crore in the quarter ended June 2017 as against Rs 40.63 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales27.4040.63 -33 OPM %19.1262.24 - PBDT8.2427.97 -71 PBT7.9027.61 -71 NP3.9016.66 -77

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Sutlej Textiles and Industries standalone net profit declines 47.70% in the June 2017 quarter
Jul 20,2017

Net profit of Sutlej Textiles and Industries declined 47.70% to Rs 23.58 crore in the quarter ended June 2017 as against Rs 45.09 crore during the previous quarter ended June 2016. Sales rose 17.97% to Rs 651.99 crore in the quarter ended June 2017 as against Rs 552.66 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales651.99552.66 18 OPM %10.6714.04 - PBDT60.4573.16 -17 PBT34.3751.98 -34 NP23.5845.09 -48

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Integra Engineering India standalone net profit declines 47.83% in the June 2017 quarter
Jul 20,2017

Net profit of Integra Engineering India declined 47.83% to Rs 0.24 crore in the quarter ended June 2017 as against Rs 0.46 crore during the previous quarter ended June 2016. Sales rose 15.13% to Rs 9.21 crore in the quarter ended June 2017 as against Rs 8.00 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales9.218.00 15 OPM %0.33-0.50 - PBDT0.480.78 -38 PBT0.270.59 -54 NP0.240.46 -48

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Mindtree standalone net profit rises 12.54% in the June 2017 quarter
Jul 20,2017

Net profit of Mindtree rose 12.54% to Rs 149.90 crore in the quarter ended June 2017 as against Rs 133.20 crore during the previous quarter ended June 2016. Sales declined 1.01% to Rs 1202.80 crore in the quarter ended June 2017 as against Rs 1215.10 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1202.801215.10 -1 OPM %13.3516.06 - PBDT223.10209.10 7 PBT188.20173.10 9 NP149.90133.20 13

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Sterlite Technologies consolidated net profit rises 62.90% in the June 2017 quarter
Jul 20,2017

Net profit of Sterlite Technologies rose 62.90% to Rs 67.83 crore in the quarter ended June 2017 as against Rs 41.64 crore during the previous quarter ended June 2016. Sales rose 26.99% to Rs 716.03 crore in the quarter ended June 2017 as against Rs 563.84 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales716.03563.84 27 OPM %21.9320.26 - PBDT135.3190.45 50 PBT94.0554.36 73 NP67.8341.64 63

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MPS consolidated net profit rises 24.32% in the June 2017 quarter
Jul 20,2017

Net profit of MPS rose 24.32% to Rs 20.45 crore in the quarter ended June 2017 as against Rs 16.45 crore during the previous quarter ended June 2016. Sales rose 8.10% to Rs 66.90 crore in the quarter ended June 2017 as against Rs 61.89 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales66.9061.89 8 OPM %30.6334.16 - PBDT28.4724.37 17 PBT26.2123.28 13 NP20.4516.45 24

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Mastek consolidated net profit rises 526.50% in the June 2017 quarter
Jul 20,2017

Net profit of Mastek rose 526.50% to Rs 14.66 crore in the quarter ended June 2017 as against Rs 2.34 crore during the previous quarter ended June 2016. Sales rose 43.63% to Rs 185.55 crore in the quarter ended June 2017 as against Rs 129.19 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales185.55129.19 44 OPM %12.074.63 - PBDT23.459.65 143 PBT18.376.58 179 NP14.662.34 526

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Canara Bank standalone net profit rises 9.89% in the June 2017 quarter
Jul 20,2017

Net profit of Canara Bank rose 9.89% to Rs 251.60 crore in the quarter ended June 2017 as against Rs 228.95 crore during the previous quarter ended June 2016. Total Operating Income declined 0.06% to Rs 10195.59 crore in the quarter ended June 2017 as against Rs 10201.70 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Total Operating Income10195.5910201.70 0 OPM %55.3465.04 - PBDT268.60325.95 -18 PBT268.60325.95 -18 NP251.60228.95 10

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Sri Vajra Granites reports standalone net loss of Rs 0.12 crore in the June 2017 quarter
Jul 20,2017

Net Loss of Sri Vajra Granites reported to Rs 0.12 crore in the quarter ended June 2017 as against net loss of Rs 0.02 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 as against Rs 0.21 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales00.21 -100 OPM %0-404.76 - PBDT-0.070.03 PL PBT-0.12-0.02 -500 NP-0.12-0.02 -500

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GNA Axles standalone net profit rises 41.87% in the June 2017 quarter
Jul 20,2017

Net profit of GNA Axles rose 41.87% to Rs 11.08 crore in the quarter ended June 2017 as against Rs 7.81 crore during the previous quarter ended June 2016. Sales rose 4.73% to Rs 145.07 crore in the quarter ended June 2017 as against Rs 138.52 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales145.07138.52 5 OPM %15.8016.21 - PBDT21.7418.56 17 PBT15.8512.13 31 NP11.087.81 42

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