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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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Bhagiradha Chemicals & Industries standalone net profit rises 2550.00% in the March 2017 quarter
May 22,2017

Net profit of Bhagiradha Chemicals & Industries rose 2550.00% to Rs 0.53 crore in the quarter ended March 2017 as against Rs 0.02 crore during the previous quarter ended March 2016. Sales rose 12.76% to Rs 48.51 crore in the quarter ended March 2017 as against Rs 43.02 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 2.03 crore in the year ended March 2017 as against net loss of Rs 3.21 crore during the previous year ended March 2016. Sales rose 34.26% to Rs 200.22 crore in the year ended March 2017 as against Rs 149.13 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales48.5143.02 13 200.22149.13 34 OPM %2.275.14 -5.432.62 - PBDT1.761.02 73 6.50-1.66 LP PBT0.780.08 875 2.66-5.29 LP NP0.530.02 2550 2.03-3.21 LP

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Charms Industries reports standalone net loss of Rs 0.72 crore in the March 2017 quarter
May 22,2017

Net Loss of Charms Industries reported to Rs 0.72 crore in the quarter ended March 2017 as against net loss of Rs 0.30 crore during the previous quarter ended March 2016. Sales rose 10.87% to Rs 0.51 crore in the quarter ended March 2017 as against Rs 0.46 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.74 crore in the year ended March 2017 as against net loss of Rs 0.37 crore during the previous year ended March 2016. Sales rose 34.07% to Rs 3.03 crore in the year ended March 2017 as against Rs 2.26 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.510.46 11 3.032.26 34 OPM %-21.57-4.35 --3.96-3.98 - PBDT-0.10-0.02 -400 -0.11-0.09 -22 PBT-0.09-0.04 -125 -0.11-0.11 0 NP-0.72-0.30 -140 -0.74-0.37 -100

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Ecoplast reports standalone net profit of Rs 0.43 crore in the March 2017 quarter
May 22,2017

Net profit of Ecoplast remain constant at Rs 0.43 crore in the quarter ended March 2017 and also during the previous quarter ended March 2016. Sales rose 1.72% to Rs 23.60 crore in the quarter ended March 2017 as against Rs 23.20 crore during the previous quarter ended March 2016.

For the full year,net profit declined 15.45% to Rs 1.97 crore in the year ended March 2017 as against Rs 2.33 crore during the previous year ended March 2016. Sales rose 3.29% to Rs 96.14 crore in the year ended March 2017 as against Rs 93.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales23.6023.20 2 96.1493.08 3 OPM %5.767.28 -5.996.98 - PBDT0.961.35 -29 4.685.36 -13 PBT0.500.90 -44 2.893.68 -21 NP0.430.43 0 1.972.33 -15

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Deepak Spinners standalone net profit declines 73.52% in the March 2017 quarter
May 22,2017

Net profit of Deepak Spinners declined 73.52% to Rs 1.16 crore in the quarter ended March 2017 as against Rs 4.38 crore during the previous quarter ended March 2016. Sales rose 16.30% to Rs 103.26 crore in the quarter ended March 2017 as against Rs 88.79 crore during the previous quarter ended March 2016.

For the full year,net profit declined 60.52% to Rs 6.19 crore in the year ended March 2017 as against Rs 15.68 crore during the previous year ended March 2016. Sales rose 2.30% to Rs 410.15 crore in the year ended March 2017 as against Rs 400.91 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales103.2688.79 16 410.15400.91 2 OPM %8.3712.33 -9.2610.58 - PBDT4.9710.24 -51 27.0035.19 -23 PBT0.756.63 -89 10.7121.65 -51 NP1.164.38 -74 6.1915.68 -61

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National Steel & Agro Industries standalone net profit declines 67.43% in the March 2017 quarter
May 22,2017

Net profit of National Steel & Agro Industries declined 67.43% to Rs 6.65 crore in the quarter ended March 2017 as against Rs 20.42 crore during the previous quarter ended March 2016. Sales declined 10.10% to Rs 916.23 crore in the quarter ended March 2017 as against Rs 1019.13 crore during the previous quarter ended March 2016.

For the full year,net profit declined 26.72% to Rs 20.62 crore in the year ended March 2017 as against Rs 28.14 crore during the previous year ended March 2016. Sales rose 6.17% to Rs 3978.29 crore in the year ended March 2017 as against Rs 3747.15 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales916.231019.13 -10 3978.293747.15 6 OPM %4.423.68 -4.244.07 - PBDT14.075.71 146 48.7630.41 60 PBT9.912.05 383 32.5515.85 105 NP6.6520.42 -67 20.6228.14 -27

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Shentracon Chemicals to hold board meeting
May 22,2017

Shentracon Chemicals will hold a meeting of the Board of Directors of the Company on 30 May 2017, to inter-alia consider and take on record the Audited Financial Results for the fourth quarter and twelve months ended March 31, 2017 (Q4) and to consider any other business with the permission of the Chair.

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Venmax Drugs & Pharmaceuticals to hold board meeting
May 22,2017

Venmax Drugs & Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve the Audited Financial Results of the Company for the year ended 31st March, 2017.

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Upsurge Investment & Finance to hold board meeting
May 22,2017

Upsurge Investment & Finance will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve Audited Financial Results for the quarter and year ended 31st March 2017.

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Essar Securities to hold board meeting
May 22,2017

Essar Securities will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record the Audited Financial Results of the Company for the quarter and year ended March 31, 2017.

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Gajanan Securities Services to hold board meeting
May 22,2017

Gajanan Securities Services will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve the Audited Financial Results of the Company for the Quarter and Year ended 31st March, 2017.

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Toyam Industries to hold board meeting
May 22,2017

Toyam Industries will hold a meeting of the Board of Directors of the Company on 27 May 2017, to consider and approve Standalone Audited Financial Results for the quarter and year ended 31st March, 2017, and other matters.

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Shriram City Union Finance to hold board meeting
May 22,2017

Shriram City Union Finance will hold a meeting of the Board of Directors of the Company on 25 May 2017, for re-appointment of Managing Director and Chief Executive Officer of the Company and notice of Annual General Meeting scheduled to be held on June 30, 2017 among other items mentioned in the agenda.

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Cat Technologies to hold board meeting
May 22,2017

Cat Technologies will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider inter alia, Audited Results for the Financial Year ended 31st March, 2017.

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Ritesh Properties & Industries to hold board meeting
May 22,2017

Ritesh Properties & Industries will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the Audited Financial Results of the Company for the Quarter/ Financial Year ended 31st March, 2017.

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Sterling Tools to hold board meeting
May 22,2017

Sterling Tools will hold a meeting of the Board of Directors of the Company on 26 May 2017, for considering and if thought fit to approve the Audited Annual Accounts for the Financial Year ended 31st March, 2017.

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