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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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Godawari Power & Ispat reports standalone net loss of Rs 45.22 crore in the September 2016 quarter
Nov 28,2016

Net Loss of Godawari Power & Ispat reported to Rs 45.22 crore in the quarter ended September 2016 as against net loss of Rs 13.35 crore during the previous quarter ended September 2015. Sales declined 10.81% to Rs 364.88 crore in the quarter ended September 2016 as against Rs 409.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales364.88409.11 -11 OPM %6.9510.01 - PBDT-14.493.10 PL PBT-34.19-15.14 -126 NP-45.22-13.35 -239

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Sidh Automobiles reports standalone net profit of Rs 0.69 crore in the September 2016 quarter
Nov 28,2016

Net profit of Sidh Automobiles reported to Rs 0.69 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales reported to Rs 20.65 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.650 0 OPM %3.440 - PBDT0.71-0.02 LP PBT0.69-0.02 LP NP0.69-0.02 LP

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Shilpa Medicare standalone net profit rises 31.24% in the September 2016 quarter
Nov 28,2016

Net profit of Shilpa Medicare rose 31.24% to Rs 33.19 crore in the quarter ended September 2016 as against Rs 25.29 crore during the previous quarter ended September 2015. Sales rose 18.78% to Rs 194.11 crore in the quarter ended September 2016 as against Rs 163.42 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales194.11163.42 19 OPM %25.1924.63 - PBDT52.0843.06 21 PBT45.6237.87 20 NP33.1925.29 31

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Magnum reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 28,2016

Net Loss of Magnum reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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Kitex Garments standalone net profit declines 52.43% in the September 2016 quarter
Nov 28,2016

Net profit of Kitex Garments declined 52.43% to Rs 12.92 crore in the quarter ended September 2016 as against Rs 27.16 crore during the previous quarter ended September 2015. Sales declined 20.51% to Rs 95.55 crore in the quarter ended September 2016 as against Rs 120.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales95.55120.20 -21 OPM %33.5137.55 - PBDT26.7547.55 -44 PBT21.6642.06 -49 NP12.9227.16 -52

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BEML reports standalone net loss of Rs 16.60 crore in the September 2016 quarter
Nov 28,2016

Net Loss of BEML reported to Rs 16.60 crore in the quarter ended September 2016 as against net loss of Rs 24.62 crore during the previous quarter ended September 2015. Sales declined 32.98% to Rs 450.79 crore in the quarter ended September 2016 as against Rs 672.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales450.79672.58 -33 OPM %-0.02-1.14 - PBDT-1.53-11.43 87 PBT-16.60-24.62 33 NP-16.60-24.62 33

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Indo Count Industries standalone net profit rises 21.46% in the September 2016 quarter
Nov 28,2016

Net profit of Indo Count Industries rose 21.46% to Rs 62.72 crore in the quarter ended September 2016 as against Rs 51.64 crore during the previous quarter ended September 2015. Sales declined 2.22% to Rs 552.89 crore in the quarter ended September 2016 as against Rs 565.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales552.89565.44 -2 OPM %21.0518.60 - PBDT104.8089.63 17 PBT97.4882.76 18 NP62.7251.64 21

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Borosil Glass Works standalone net profit rises 67.80% in the September 2016 quarter
Nov 28,2016

Net profit of Borosil Glass Works rose 67.80% to Rs 10.84 crore in the quarter ended September 2016 as against Rs 6.46 crore during the previous quarter ended September 2015. Sales rose 25.32% to Rs 67.36 crore in the quarter ended September 2016 as against Rs 53.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.3653.75 25 OPM %10.757.22 - PBDT15.318.97 71 PBT13.857.67 81 NP10.846.46 68

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Shilpa Medicare consolidated net profit rises 63.91% in the September 2016 quarter
Nov 28,2016

Net profit of Shilpa Medicare rose 63.91% to Rs 38.24 crore in the quarter ended September 2016 as against Rs 23.33 crore during the previous quarter ended September 2015. Sales rose 21.12% to Rs 209.67 crore in the quarter ended September 2016 as against Rs 173.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales209.67173.11 21 OPM %23.3322.49 - PBDT52.0241.66 25 PBT44.5736.00 24 NP38.2423.33 64

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Magnum reports consolidated net loss of Rs 0.02 crore in the September 2016 quarter
Nov 28,2016

Net Loss of Magnum reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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Navkar Corporation consolidated net profit rises 4.09% in the September 2016 quarter
Nov 28,2016

Net profit of Navkar Corporation rose 4.09% to Rs 22.41 crore in the quarter ended September 2016 as against Rs 21.53 crore during the previous quarter ended September 2015. Sales rose 4.24% to Rs 87.80 crore in the quarter ended September 2016 as against Rs 84.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales87.8084.23 4 OPM %38.7535.76 - PBDT30.6629.15 5 PBT25.5324.29 5 NP22.4121.53 4

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Karuturi Global reports consolidated net loss of Rs 31.49 crore in the September 2016 quarter
Nov 28,2016

Net loss of Karuturi Global reported to Rs 31.49 crore in the quarter ended September 2016 as against net profit of Rs 1.08 crore during the previous quarter ended September 2015. Sales declined 1.30% to Rs 60.00 crore in the quarter ended September 2016 as against Rs 60.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.0060.79 -1 OPM %47.2532.83 - PBDT20.827.57 175 PBT-20.931.04 PL NP-31.491.08 PL

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Navkar Corporation standalone net profit rises 9.97% in the September 2016 quarter
Nov 28,2016

Net profit of Navkar Corporation rose 9.97% to Rs 25.14 crore in the quarter ended September 2016 as against Rs 22.86 crore during the previous quarter ended September 2015. Sales rose 0.74% to Rs 84.85 crore in the quarter ended September 2016 as against Rs 84.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales84.8584.23 1 OPM %40.2235.75 - PBDT33.1930.47 9 PBT28.3625.61 11 NP25.1422.86 10

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RCL Foods reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 28,2016

Net loss of RCL Foods reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 37.50% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.200.32 -38 OPM %-10.006.25 - PBDT-0.030.01 PL PBT-0.030.01 PL NP-0.030.01 PL

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Advanced Micronic Devices reports standalone net loss of Rs 0.88 crore in the September 2016 quarter
Nov 28,2016

Net loss of Advanced Micronic Devices reported to Rs 0.88 crore in the quarter ended September 2016 as against net profit of Rs 0.56 crore during the previous quarter ended September 2015. Sales declined 56.86% to Rs 0.22 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.220.51 -57 OPM %-386.36-72.55 - PBDT-0.860.58 PL PBT-0.880.56 PL NP-0.880.56 PL

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