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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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H T Media consolidated net profit rises 85.41% in the June 2017 quarter
Jul 18,2017

Net profit of H T Media rose 85.41% to Rs 41.55 crore in the quarter ended June 2017 as against Rs 22.41 crore during the previous quarter ended June 2016. Sales declined 2.54% to Rs 599.04 crore in the quarter ended June 2017 as against Rs 614.66 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales599.04614.66 -3 OPM %13.3410.46 - PBDT113.6887.40 30 PBT81.6657.89 41 NP41.5522.41 85

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TV18 Broadcast reports standalone net profit of Rs 14.32 crore in the June 2017 quarter
Jul 18,2017

Net profit of TV18 Broadcast reported to Rs 14.32 crore in the quarter ended June 2017 as against net loss of Rs 0.47 crore during the previous quarter ended June 2016. Sales rose 15.74% to Rs 152.55 crore in the quarter ended June 2017 as against Rs 131.80 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales152.55131.80 16 OPM %14.86-2.53 - PBDT26.282.07 1170 PBT21.70-0.47 LP NP14.32-0.47 LP

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H T Media standalone net profit rises 1937.36% in the June 2017 quarter
Jul 18,2017

Net profit of H T Media rose 1937.36% to Rs 18.54 crore in the quarter ended June 2017 as against Rs 0.91 crore during the previous quarter ended June 2016. Sales declined 6.47% to Rs 341.39 crore in the quarter ended June 2017 as against Rs 364.99 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales341.39364.99 -6 OPM %8.814.09 - PBDT49.9824.04 108 PBT24.751.07 2213 NP18.540.91 1937

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Maharashtra Scooters standalone net profit declines 28.86% in the June 2017 quarter
Jul 18,2017

Net profit of Maharashtra Scooters declined 28.86% to Rs 1.06 crore in the quarter ended June 2017 as against Rs 1.49 crore during the previous quarter ended June 2016. Sales rose 200.00% to Rs 2.58 crore in the quarter ended June 2017 as against Rs 0.86 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2.580.86 200 OPM %-70.16-202.33 - PBDT1.441.67 -14 PBT1.301.53 -15 NP1.061.49 -29

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Hil standalone net profit rises 17.57% in the June 2017 quarter
Jul 18,2017

Net profit of Hil rose 17.57% to Rs 36.87 crore in the quarter ended June 2017 as against Rs 31.36 crore during the previous quarter ended June 2016. Sales declined 0.04% to Rs 427.48 crore in the quarter ended June 2017 as against Rs 427.63 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales427.48427.63 0 OPM %14.6114.09 - PBDT66.1262.10 6 PBT55.5551.94 7 NP36.8731.36 18

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Epsom Properties reports standalone net loss of Rs 0.05 crore in the June 2017 quarter
Jul 18,2017

Net Loss of Epsom Properties reported to Rs 0.05 crore in the quarter ended June 2017 as against net loss of Rs 0.06 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Shree Digvijay Cement Co. standalone net profit declines 72.89% in the June 2017 quarter
Jul 18,2017

Net profit of Shree Digvijay Cement Co. declined 72.89% to Rs 1.51 crore in the quarter ended June 2017 as against Rs 5.57 crore during the previous quarter ended June 2016. Sales declined 9.62% to Rs 94.70 crore in the quarter ended June 2017 as against Rs 104.78 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales94.70104.78 -10 OPM %10.4916.07 - PBDT7.8916.07 -51 PBT2.3710.10 -77 NP1.515.57 -73

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Amrit Corp standalone net profit rises 18.16% in the June 2017 quarter
Jul 18,2017

Net profit of Amrit Corp rose 18.16% to Rs 5.01 crore in the quarter ended June 2017 as against Rs 4.24 crore during the previous quarter ended June 2016. Sales rose 26.03% to Rs 15.35 crore in the quarter ended June 2017 as against Rs 12.18 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales15.3512.18 26 OPM %-5.15-3.86 - PBDT4.124.70 -12 PBT3.744.33 -14 NP5.014.24 18

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ACC consolidated net profit rises 32.58% in the June 2017 quarter
Jul 18,2017

Net profit of ACC rose 32.58% to Rs 326.23 crore in the quarter ended June 2017 as against Rs 246.07 crore during the previous quarter ended June 2016. Sales rose 16.94% to Rs 3312.52 crore in the quarter ended June 2017 as against Rs 2832.58 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3312.522832.58 17 OPM %19.2316.32 - PBDT641.74468.77 37 PBT478.76326.73 47 NP326.23246.07 33

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Linde India reports standalone net loss of Rs 2.18 crore in the June 2017 quarter
Jul 18,2017

Net Loss of Linde India reported to Rs 2.18 crore in the quarter ended June 2017 as against net loss of Rs 1.96 crore during the previous quarter ended June 2016. Sales rose 14.60% to Rs 493.35 crore in the quarter ended June 2017 as against Rs 430.48 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales493.35430.48 15 OPM %16.2017.71 - PBDT50.4246.04 10 PBT0.98-2.74 LP NP-2.18-1.96 -11

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ACC standalone net profit rises 32.72% in the June 2017 quarter
Jul 18,2017

Net profit of ACC rose 32.72% to Rs 321.75 crore in the quarter ended June 2017 as against Rs 242.42 crore during the previous quarter ended June 2016. Sales rose 16.94% to Rs 3312.52 crore in the quarter ended June 2017 as against Rs 2832.58 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3312.522832.58 17 OPM %19.1816.27 - PBDT638.89465.84 37 PBT476.78324.84 47 NP321.75242.42 33

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Tirupati Starch & Chemicals to hold AGM
Jul 18,2017

Tirupati Starch & Chemicals announced that the Annual General Meeting (AGM) of the company will be held on 17 August 2017.

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Subex to hold board meeting
Jul 18,2017

Subex will hold a meeting of the Board of Directors of the Company on 28 July 2017, to consider, inter alia, the unaudited financial results for the quarter ended 30 June 2017.

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Cityman to hold board meeting
Jul 18,2017

Cityman will hold a meeting of the Board of Directors of the Company on 31 July 2017, to approve the UnAudited Financial Results for the quarter ended 30.06.2017

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Chemcrux Enterprises to hold AGM
Jul 18,2017

Chemcrux Enterprises announced that the Annual General Meeting (AGM) of the company will be held on 18 August 2017.

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