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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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SagarSoft (India) standalone net profit rises 72.73% in the December 2016 quarter
Feb 06,2017

Net profit of SagarSoft (India) rose 72.73% to Rs 0.19 crore in the quarter ended December 2016 as against Rs 0.11 crore during the previous quarter ended December 2015. Sales rose 27.76% to Rs 4.28 crore in the quarter ended December 2016 as against Rs 3.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.283.35 28 OPM %9.1114.93 - PBDT0.460.53 -13 PBT0.280.35 -20 NP0.190.11 73

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Kemistar Corporation reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
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Net profit of Kemistar Corporation remain constant at Rs 0.01 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. Sales declined 16.67% to Rs 0.35 crore in the quarter ended December 2016 as against Rs 0.42 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.350.42 -17 OPM %2.862.38 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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Net Loss of Labh Construction and Industries reported to Rs 0.03 crore in the quarter ended December 2016 as against net loss of Rs 0.03 crore 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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Savani Financials reports standalone net profit of Rs 0.02 crore in the December 2016 quarter
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Net profit of Savani Financials remain constant at Rs 0.02 crore in the quarter ended December 2016 and also during the previous quarter ended December 2015. Sales declined 25.00% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 0.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.030.04 -25 OPM %66.6750.00 - PBDT0.020.02 0 PBT0.020.02 0 NP0.020.02 0

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Pudumjee Industries reports standalone net loss of Rs 0.07 crore in the December 2016 quarter
Feb 06,2017

Net Loss of Pudumjee Industries reported to Rs 0.07 crore in the quarter ended December 2016 as against net loss of Rs 0.06 crore during the previous quarter ended December 2015. Sales rose 100.00% to Rs 0.04 crore in the quarter ended December 2016 as against Rs 0.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.040.02 100 OPM %-100.00-300.00 - PBDT-0.05-0.04 -25 PBT-0.07-0.06 -17 NP-0.07-0.06 -17

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Eureka Industries reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
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Net Loss of Eureka Industries reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.01 crore 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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Magna Eletrocasting standalone net profit rises 17.65% in the December 2016 quarter
Feb 06,2017

Net profit of Magna Eletrocasting rose 17.65% to Rs 2.00 crore in the quarter ended December 2016 as against Rs 1.70 crore during the previous quarter ended December 2015. Sales declined 8.54% to Rs 20.02 crore in the quarter ended December 2016 as against Rs 21.89 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales20.0221.89 -9 OPM %18.0317.86 - PBDT3.603.71 -3 PBT2.252.45 -8 NP2.001.70 18

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Kriti Industries (India) standalone net profit declines 49.57% in the December 2016 quarter
Feb 06,2017

Net profit of Kriti Industries (India) declined 49.57% to Rs 1.77 crore in the quarter ended December 2016 as against Rs 3.51 crore during the previous quarter ended December 2015. Sales declined 36.01% to Rs 88.96 crore in the quarter ended December 2016 as against Rs 139.03 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales88.96139.03 -36 OPM %7.047.09 - PBDT3.286.40 -49 PBT2.045.37 -62 NP1.773.51 -50

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Lakshmi Automatic Loom Works standalone net profit declines 79.59% in the December 2016 quarter
Feb 06,2017

Net profit of Lakshmi Automatic Loom Works declined 79.59% to Rs 0.10 crore in the quarter ended December 2016 as against Rs 0.49 crore during the previous quarter ended December 2015. Sales declined 1.69% to Rs 0.58 crore in the quarter ended December 2016 as against Rs 0.59 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.580.59 -2 OPM %63.7976.27 - PBDT0.510.62 -18 PBT0.440.54 -19 NP0.100.49 -80

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Super Sales India standalone net profit declines 45.68% in the December 2016 quarter
Feb 06,2017

Net profit of Super Sales India declined 45.68% to Rs 1.76 crore in the quarter ended December 2016 as against Rs 3.24 crore during the previous quarter ended December 2015. Sales rose 5.35% to Rs 58.31 crore in the quarter ended December 2016 as against Rs 55.35 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales58.3155.35 5 OPM %11.3915.88 - PBDT6.688.58 -22 PBT2.575.07 -49 NP1.763.24 -46

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West Coast Paper Mills standalone net profit rises 165.70% in the December 2016 quarter
Feb 06,2017

Net profit of West Coast Paper Mills rose 165.70% to Rs 37.41 crore in the quarter ended December 2016 as against Rs 14.08 crore during the previous quarter ended December 2015. Sales declined 0.19% to Rs 437.73 crore in the quarter ended December 2016 as against Rs 438.56 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales437.73438.56 0 OPM %20.2714.95 - PBDT75.4847.44 59 PBT48.0318.43 161 NP37.4114.08 166

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Abbott India standalone net profit rises 26.21% in the December 2016 quarter
Feb 06,2017

Net profit of Abbott India rose 26.21% to Rs 85.56 crore in the quarter ended December 2016 as against Rs 67.79 crore during the previous quarter ended December 2015. Sales rose 13.48% to Rs 746.01 crore in the quarter ended December 2016 as against Rs 657.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales746.01657.37 13 OPM %16.5015.07 - PBDT136.95111.44 23 PBT132.60107.89 23 NP85.5667.79 26

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Worth Investment & Trading Company standalone net profit declines 75.00% in the December 2016 quarter
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Net profit of Worth Investment & Trading Company declined 75.00% to Rs 0.02 crore in the quarter ended December 2016 as against Rs 0.08 crore 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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Satya Miners & Transporters reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 06,2017

Net loss of Satya Miners & Transporters 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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Panyam Cements & Mineral Industries standalone net profit rises 525.61% in the December 2016 quarter
Feb 06,2017

Net profit of Panyam Cements & Mineral Industries rose 525.61% to Rs 5.13 crore in the quarter ended December 2016 as against Rs 0.82 crore during the previous quarter ended December 2015. Sales rose 42.52% to Rs 62.68 crore in the quarter ended December 2016 as against Rs 43.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales62.6843.98 43 OPM %15.708.94 - PBDT7.442.63 183 PBT5.921.04 469 NP5.130.82 526

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