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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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Aptech standalone net profit declines 37.09% in the December 2016 quarter
Jan 25,2017

Net profit of Aptech declined 37.09% to Rs 3.07 crore in the quarter ended December 2016 as against Rs 4.88 crore during the previous quarter ended December 2015. Sales rose 38.79% to Rs 33.85 crore in the quarter ended December 2016 as against Rs 24.39 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales33.8524.39 39 OPM %14.4528.95 - PBDT5.737.77 -26 PBT3.926.21 -37 NP3.074.88 -37

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Indian Overseas Bank reports standalone net loss of Rs 554.44 crore in the December 2016 quarter
Jan 25,2017

Net Loss of Indian Overseas Bank reported to Rs 554.44 crore in the quarter ended December 2016 as against net loss of Rs 1425.06 crore during the previous quarter ended December 2015. Total Operating Income declined 17.44% to Rs 4881.49 crore in the quarter ended December 2016 as against Rs 5912.60 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Total Operating Income4881.495912.60 -17 OPM %46.6546.68 - PBDT-551.39-1271.36 57 PBT-551.39-1271.36 57 NP-554.44-1425.06 61

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Freshtrop Fruits reports standalone net loss of Rs 0.90 crore in the December 2016 quarter
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Net Loss of Freshtrop Fruits reported to Rs 0.90 crore in the quarter ended December 2016 as against net loss of Rs 1.03 crore during the previous quarter ended December 2015. Sales rose 39.55% to Rs 9.88 crore in the quarter ended December 2016 as against Rs 7.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales9.887.08 40 OPM %-6.88-7.63 - PBDT-0.33-0.54 39 PBT-1.30-1.51 14 NP-0.90-1.03 13

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Pradeep Metals standalone net profit rises 302.78% in the December 2016 quarter
Jan 25,2017

Net profit of Pradeep Metals rose 302.78% to Rs 1.45 crore in the quarter ended December 2016 as against Rs 0.36 crore during the previous quarter ended December 2015. Sales rose 10.28% to Rs 27.79 crore in the quarter ended December 2016 as against Rs 25.20 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales27.7925.20 10 OPM %15.3310.91 - PBDT2.881.34 115 PBT1.770.50 254 NP1.450.36 303

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Tata Metaliks standalone net profit declines 26.23% in the December 2016 quarter
Jan 25,2017

Net profit of Tata Metaliks declined 26.23% to Rs 19.52 crore in the quarter ended December 2016 as against Rs 26.46 crore during the previous quarter ended December 2015. Sales rose 2.33% to Rs 298.63 crore in the quarter ended December 2016 as against Rs 291.82 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales298.63291.82 2 OPM %14.3816.04 - PBDT33.7638.84 -13 PBT25.3730.73 -17 NP19.5226.46 -26

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Investment & Precision Castings standalone net profit rises 19.75% in the December 2016 quarter
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Net profit of Investment & Precision Castings rose 19.75% to Rs 0.97 crore in the quarter ended December 2016 as against Rs 0.81 crore during the previous quarter ended December 2015. Sales rose 8.34% to Rs 22.73 crore in the quarter ended December 2016 as against Rs 20.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales22.7320.98 8 OPM %16.1516.06 - PBDT2.762.47 12 PBT1.521.20 27 NP0.970.81 20

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Mac Charles (India) standalone net profit declines 3.50% in the December 2016 quarter
Jan 25,2017

Net profit of Mac Charles (India) declined 3.50% to Rs 6.89 crore in the quarter ended December 2016 as against Rs 7.14 crore during the previous quarter ended December 2015. Sales declined 6.61% to Rs 20.33 crore in the quarter ended December 2016 as against Rs 21.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales20.3321.77 -7 OPM %54.5055.54 - PBDT11.0712.07 -8 PBT10.2010.57 -4 NP6.897.14 -4

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Tata Sponge Iron standalone net profit rises 109.16% in the December 2016 quarter
Jan 25,2017

Net profit of Tata Sponge Iron rose 109.16% to Rs 10.96 crore in the quarter ended December 2016 as against Rs 5.24 crore during the previous quarter ended December 2015. Sales rose 3.37% to Rs 143.46 crore in the quarter ended December 2016 as against Rs 138.78 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales143.46138.78 3 OPM %7.511.67 - PBDT18.4910.01 85 PBT15.256.58 132 NP10.965.24 109

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Zensar Technologies standalone net profit rises 37.89% in the December 2016 quarter
Jan 25,2017

Net profit of Zensar Technologies rose 37.89% to Rs 63.43 crore in the quarter ended December 2016 as against Rs 46.00 crore during the previous quarter ended December 2015. Sales rose 6.16% to Rs 324.57 crore in the quarter ended December 2016 as against Rs 305.74 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales324.57305.74 6 OPM %26.1321.91 - PBDT96.9572.32 34 PBT88.4763.61 39 NP63.4346.00 38

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Ajanta Pharma consolidated net profit rises 25.15% in the December 2016 quarter
Jan 25,2017

Net profit of Ajanta Pharma rose 25.15% to Rs 142.60 crore in the quarter ended December 2016 as against Rs 113.94 crore during the previous quarter ended December 2015. Sales rose 9.68% to Rs 515.02 crore in the quarter ended December 2016 as against Rs 469.57 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales515.02469.57 10 OPM %34.5634.83 - PBDT196.35164.34 19 PBT181.05152.61 19 NP142.60113.94 25

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Syngene International standalone net profit rises 11.54% in the December 2016 quarter
Jan 25,2017

Net profit of Syngene International rose 11.54% to Rs 74.40 crore in the quarter ended December 2016 as against Rs 66.70 crore during the previous quarter ended December 2015. Sales rose 17.70% to Rs 323.80 crore in the quarter ended December 2016 as against Rs 275.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales323.80275.10 18 OPM %34.8437.55 - PBDT120.60102.40 18 PBT91.8077.10 19 NP74.4066.70 12

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Velox Industries reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Jan 25,2017

Net loss of Velox Industries reported to Rs 0.01 crore in the quarter ended December 2016. There were no net profit/loss reported during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Biocon standalone net profit rises 63.17% in the December 2016 quarter
Jan 25,2017

Net profit of Biocon rose 63.17% to Rs 104.10 crore in the quarter ended December 2016 as against Rs 63.80 crore during the previous quarter ended December 2015. Sales rose 19.58% to Rs 586.40 crore in the quarter ended December 2016 as against Rs 490.40 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales586.40490.40 20 OPM %26.0916.44 - PBDT185.40110.60 68 PBT147.2074.90 97 NP104.1063.80 63

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Aptech consolidated net profit rises 173.55% in the December 2016 quarter
Jan 25,2017

Net profit of Aptech rose 173.55% to Rs 7.55 crore in the quarter ended December 2016 as against Rs 2.76 crore during the previous quarter ended December 2015. Sales rose 51.46% to Rs 53.98 crore in the quarter ended December 2016 as against Rs 35.64 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales53.9835.64 51 OPM %19.1016.78 - PBDT11.196.65 68 PBT8.394.09 105 NP7.552.76 174

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Mac Charles (India) consolidated net profit declines 2.87% in the December 2016 quarter
Jan 25,2017

Net profit of Mac Charles (India) declined 2.87% to Rs 7.10 crore in the quarter ended December 2016 as against Rs 7.31 crore during the previous quarter ended December 2015. Sales declined 6.61% to Rs 20.33 crore in the quarter ended December 2016 as against Rs 21.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales20.3321.77 -7 OPM %54.5055.49 - PBDT11.0712.06 -8 PBT10.2010.56 -3 NP7.107.31 -3

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