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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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CRISIL consolidated net profit rises 9.33% in the June 2017 quarter
Jul 20,2017

Net profit of CRISIL rose 9.33% to Rs 67.25 crore in the quarter ended June 2017 as against Rs 61.51 crore during the previous quarter ended June 2016. Sales rose 8.54% to Rs 406.50 crore in the quarter ended June 2017 as against Rs 374.51 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales406.50374.51 9 OPM %25.4224.34 - PBDT111.84103.81 8 PBT99.1189.91 10 NP67.2561.51 9

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JSL Industries standalone net profit declines 31.58% in the June 2017 quarter
Jul 20,2017

Net profit of JSL Industries declined 31.58% to Rs 0.13 crore in the quarter ended June 2017 as against Rs 0.19 crore during the previous quarter ended June 2016. Sales rose 23.97% to Rs 11.69 crore in the quarter ended June 2017 as against Rs 9.43 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales11.699.43 24 OPM %5.734.56 - PBDT0.590.63 -6 PBT0.190.23 -17 NP0.130.19 -32

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Saboo Brothers standalone net profit rises 25.00% in the June 2017 quarter
Jul 20,2017

Net profit of Saboo Brothers rose 25.00% to Rs 0.05 crore in the quarter ended June 2017 as against Rs 0.04 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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Sundaram Finance standalone net profit rises 30.12% in the June 2017 quarter
Jul 20,2017

Net profit of Sundaram Finance rose 30.12% to Rs 117.34 crore in the quarter ended June 2017 as against Rs 90.18 crore during the previous quarter ended June 2016. Sales rose 9.33% to Rs 609.70 crore in the quarter ended June 2017 as against Rs 557.65 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales609.70557.65 9 OPM %77.6778.63 - PBDT195.09151.71 29 PBT177.15132.53 34 NP117.3490.18 30

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CRISIL standalone net profit rises 15.17% in the June 2017 quarter
Jul 20,2017

Net profit of CRISIL rose 15.17% to Rs 55.42 crore in the quarter ended June 2017 as against Rs 48.12 crore during the previous quarter ended June 2016. Sales rose 7.44% to Rs 291.54 crore in the quarter ended June 2017 as against Rs 271.34 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales291.54271.34 7 OPM %26.2126.17 - PBDT88.9279.20 12 PBT81.8671.93 14 NP55.4248.12 15

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Sasken Technologies consolidated net profit declines 14.36% in the June 2017 quarter
Jul 20,2017

Net profit of Sasken Technologies declined 14.36% to Rs 17.30 crore in the quarter ended June 2017 as against Rs 20.20 crore during the previous quarter ended June 2016. Sales declined 3.00% to Rs 117.58 crore in the quarter ended June 2017 as against Rs 121.22 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales117.58121.22 -3 OPM %10.9015.45 - PBDT22.2527.78 -20 PBT20.7425.98 -20 NP17.3020.20 -14

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Sasken Technologies standalone net profit declines 9.03% in the June 2017 quarter
Jul 20,2017

Net profit of Sasken Technologies declined 9.03% to Rs 16.82 crore in the quarter ended June 2017 as against Rs 18.49 crore during the previous quarter ended June 2016. Sales declined 0.91% to Rs 99.24 crore in the quarter ended June 2017 as against Rs 100.15 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales99.24100.15 -1 OPM %8.3712.98 - PBDT20.9325.01 -16 PBT19.5423.39 -16 NP16.8218.49 -9

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TCFC Finance standalone net profit declines 1.05% in the June 2017 quarter
Jul 20,2017

Net profit of TCFC Finance declined 1.05% to Rs 0.94 crore in the quarter ended June 2017 as against Rs 0.95 crore during the previous quarter ended June 2016. Sales declined 25.02% to Rs 23.71 crore in the quarter ended June 2017 as against Rs 31.62 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales23.7131.62 -25 OPM %5.693.70 - PBDT1.351.17 15 PBT1.341.16 16 NP0.940.95 -1

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Jay Bharat Maruti standalone net profit rises 43.75% in the June 2017 quarter
Jul 20,2017

Net profit of Jay Bharat Maruti rose 43.75% to Rs 10.12 crore in the quarter ended June 2017 as against Rs 7.04 crore during the previous quarter ended June 2016. Sales rose 28.17% to Rs 377.29 crore in the quarter ended June 2017 as against Rs 294.36 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales377.29294.36 28 OPM %7.668.09 - PBDT26.2819.73 33 PBT15.3010.10 51 NP10.127.04 44

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Bharat Seats standalone net profit rises 160.12% in the June 2017 quarter
Jul 20,2017

Net profit of Bharat Seats rose 160.12% to Rs 4.37 crore in the quarter ended June 2017 as against Rs 1.68 crore during the previous quarter ended June 2016. Sales rose 29.03% to Rs 233.01 crore in the quarter ended June 2017 as against Rs 180.59 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales233.01180.59 29 OPM %5.154.09 - PBDT11.286.55 72 PBT6.712.41 178 NP4.371.68 160

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Cabinet approves revision of Indian Community Welfare Fund guidelines
Jul 20,2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved revision of the Indian Community Welfare Fund (ICWF) guidelines.

ICWF, set up in 2009, is aimed at assisting Overseas Indian nationals in times of distress and emergency in the most deserving cases on a means tested basis. The revised guidelines being made broad-based seek to expand the scope of welfare measures that can be extended through the Fund. The guidelines would cover three key areas namely Assisting Overseas Indian nationals in distress situations, Community Welfare activities and Improvement in Consular services. They are expected to provide Indian Missions and Posts abroad greater flexibility in swiftly addressing to requests for assistance by Overseas Indian nationals.

Apart from assisting Indian nationals in distress abroad, ICWF has been a critical support in emergency evacuation of Indian nationals in conflict zones in Libya, Iraq, Yemen, South Sudan and other challenging situations like assistance extended to undocumented Indian workers in the Kingdom of Saudi Arabia during the Nitaqat drive in 2013 and the ongoing Amnesty drive in 2017.

The scale and speed of these evacuations and assistance rendered through the Fund has been universally appreciated. It has also created a sense of confidence among the migrant workers going overseas about the support they can expect from India during critical times.

ICWF stands extended to all Indian Missions and Posts abroad and is primarily funded by levying service charge on various consular services rendered by Indian Missions and Posts abroad.

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Nicco Parks & Resorts schedules board meeting
Jul 20,2017

Nicco Parks & Resorts will hold a meeting of the Board of Directors of the Company on 7 August 2017 Quarterly Results

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Bhagyanagar India to discuss quarterly results
Jul 20,2017

Bhagyanagar India will hold a meeting of the Board of Directors of the Company on 31 July 2017 to consider the Un-Audited Financial Results of the Company for the Quarter ended 30th June, 2017.

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Suprajit Engineering gets revision in credit ratings
Jul 20,2017

Suprajit Engineering announced that ICRA has upgraded the long term rating from ICRA AA- to ICRA AA for bank facilities and short term rating of ICRA A1+ is reaffirmed.

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Godrej Inds advances as subsidiary files for IPO
Jul 20,2017

The announcement was made after market hours yesterday, 19 July 2017.

Meanwhile, the S&P BSE Sensex was up 23.59 points or 0.07% at 31,978.94.

On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 50,943 shares in the past one quarter. The stock had hit a high of Rs 698.80 so far during the day, which is a record high. The stock hit a low of Rs 677.75 so far during the day. The stock had hit a 52-week low of Rs 363.90 on 28 November 2016.

The stock had outperformed the market over the past one month till 19 July 2017, advancing 5.51% compared with the Sensexs 2.06% rise. The stock had also outperformed the market over the past one quarter, gaining 30.06% as against the Sensexs 8.93% rise. The scrip had also outperformed the market over the past one year, surging 60.73% as against the Sensexs 15% rise.

The large-cap company has equity capital of Rs 33.63 crore. Face value per share is Rs 1.

The proposed initial public offer (IPO) of Godrej Agrovet consists of fresh issue of equity shares aggregating up to Rs 300 crore and an offer for sale (OFS) of shares aggregating upto Rs 300 crore and upto 1.23 crore shares by V-Sciences Investments Pte.

On consolidated basis, Godrej Industries reported net profit of Rs 95.23 crore in Q4 March 2017, compared with net loss of Rs 57.03 crore in Q4 March 2016. Net sales rose 6.9% to Rs 1950.84 crore in Q4 March 2017 over Q4 March 2016.

Godrej Industries is a conglomerate with a significant presence in Home and Personal Care, Animal Feeds, Dairy and Agri-products, Poultry, Oil Palm Plantation, Real Estate Development, Oleo-chemicals and Vegetable Oils, both directly and through subsidiaries/associate companies.

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