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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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Mahindra & Mahindra plan to invest in high-end electric powertrain technology
May 22,2017

Mahindra & Mahindra announced that the Company plans to invest directly and/or through its subsidiary(ies) in -

- high-end electric powertrain technology as part of its plan for the future of mobility; and

- electrification of some of its existing and future products

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles.

The high end electric powertrains will be used for the Groups future line up of electric vehicles.

As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The Companys announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of Indias thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030.

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L&T Technology Services positioned in Winners Circle in Industry 4.0 Services Blueprint Assessment
May 22,2017

L&T Technology Services announced that it has been positioned in the Winners Circle by HfS Research, The Services Research Company in its maiden Industry 4.0 Services Blueprint Assessment.

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M&M may gain on plans to invest in high-end electric powertrain technology
May 22,2017

Mahindra & Mahindra (M&M) announced that the company plans to invest directly and/or through its subsidiary(ies) in high-end electric powertrain technology as part of its plan for the future of mobility; and electrification of some of its existing and future products.

The investments will also be utilised towards increasing the capacity for electric powertrains and electric vehicles. The high end electric powertrains will be used for the Groups future line up of electric vehicles. As the pioneers of electric vehicles in the country, the Group is committed towards making electric vehicles more accessible in order to build a clean and green tomorrow.

The companys announcement is in line with its efforts to accelerate the transformation as well as be in-sync with the Government of Indias thrust on promoting hybrid and electric mobility in the country, through the ambitious National Electric Mobility Mission Plan 2030. The announcement was made on Sunday, 21 May 2017.

GAIL (India) announces Q4 results today, 22 May 2017.

Adani Ports and Special Economic Zone announced that Board of Directors at the meeting on 24 May 2017 will consider to raise funds by issue of equity shares/ convertible bonds through qualified institutional placement (QIP)/GDR/ADR/FCCBs/FCEBs/convertible securities.

The board will also consider issue secured/ unsecured redeemable non-convertible debentures on private placement basis.

The board will consider issue of bonds which may be issued in one or more tranches, in India or overseas, and that may be listed in any one or more stock exchanges in India or overseas, provided that the total amount does not exceed $1.5 billion on private placement basis or otherwise, to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Bonds under applicable laws. The announcement was made on Saturday, 20 May 2017.

VRL Logistics net profit fell 29.72% to Rs 8.38 crore on 6.58% rise in total income to Rs 444.98 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

Bhushan Steel announced that it had participated in iron ore mine open bidding for the Kalmong West Block in Sundergarh district having a reserve of 92 million tonne and won the auction. The announcement was made after market hours on Friday, 19 May 2017.

Mahindra Holidays and Resorts Indias net profit rose 4.5% to Rs 31.8 crore on 26.3% rise in total income to Rs 315.7 crore in Q4 March 2017 over Q4 March 2016. The announcement was made after market hours on Friday, 19 May 2017.

The board approved 1 bonus issue of share for 2 shares held.

Camlin Fine Sciences board at a meeting held on 19 May 2017 has approved to raise funds not exceeding Rs 250 crore by way of QIP/ GDR/ADR/FCCB/ other securities linked to equity/ preference shares/ convertible securities, subject to approval of shareholders. The board has appointed Santosh Parab as CFO of the company with effect from 10 May 2017. The announcement was made after market hours on Friday, 19 May 2017.

Hindustan Copper has prepared a feasibility report for a project to manufacture copper cathode from sulphide copper concentrate through a State of the Art Hydro-Metallurgy technology. The capacity of the proposed plant is 1 lakh tonne per annum at an estimated cost of Rs 3025 crore. The company has initiated process to obtain investment approval from CCEA, Govt. of India. The announcement was made after market hours on Friday, 19 May 2017.

Sun Pharma Advanced Research Company said it has received a Complete Response Letter (CRL) from the USFDA for its New Drug Application (NDA) for Elepsia XRTM, Levetiracetam extended-release tablets 1000 mg and 1500 mg. The CRL references the recent inspection of the Sun Pharmaceutical Industries (SPIL)s Halol manufacturing site by USFDA and indicates that, satisfactory resolution of the deficiencies identified during the inspection is required before the final approval of Elepsia XRTM can be granted.

SPARC had out-licensed Elepsia XRTM to a subsidiary of Sun Pharmaceutical Industries in July 2016. As informed to the cmpany, SPIL is working with USFDA for resolving the cGMP deviations at the Halol facility and has taken several corrective measures. The announcement was made after market hours on Friday, 19 May 2017.

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Shaily Engineering Plastics standalone net profit rises 76.34% in the March 2017 quarter
May 20,2017

Net profit of Shaily Engineering Plastics rose 76.34% to Rs 7.23 crore in the quarter ended March 2017 as against Rs 4.10 crore during the previous quarter ended March 2016. Sales rose 22.86% to Rs 66.59 crore in the quarter ended March 2017 as against Rs 54.20 crore during the previous quarter ended March 2016.

For the full year,net profit rose 2.52% to Rs 15.88 crore in the year ended March 2017 as against Rs 15.49 crore during the previous year ended March 2016. Sales rose 9.24% to Rs 246.37 crore in the year ended March 2017 as against Rs 225.54 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales66.5954.20 23 246.37225.54 9 OPM %19.5116.96 -16.6717.30 - PBDT13.487.91 70 36.5531.68 15 PBT9.784.32 126 23.2021.42 8 NP7.234.10 76 15.8815.49 3

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Sumedha Fiscal Services standalone net profit rises 4500.00% in the March 2017 quarter
May 20,2017

Net profit of Sumedha Fiscal Services rose 4500.00% to Rs 1.38 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016. Sales rose 146.12% to Rs 6.35 crore in the quarter ended March 2017 as against Rs 2.58 crore during the previous quarter ended March 2016.

For the full year,net profit rose 209.38% to Rs 2.97 crore in the year ended March 2017 as against Rs 0.96 crore during the previous year ended March 2016. Sales rose 35.92% to Rs 14.87 crore in the year ended March 2017 as against Rs 10.94 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales6.352.58 146 14.8710.94 36 OPM %18.434.65 -22.0611.24 - PBDT2.230.30 643 4.852.02 140 PBT2.110.18 1072 4.411.54 186 NP1.380.03 4500 2.970.96 209

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Lactose (India) reports standalone net profit of Rs 1.14 crore in the March 2017 quarter
May 20,2017

Net profit of Lactose (India) reported to Rs 1.14 crore in the quarter ended March 2017 as against net loss of Rs 0.12 crore during the previous quarter ended March 2016. Sales rose 23.68% to Rs 8.93 crore in the quarter ended March 2017 as against Rs 7.22 crore during the previous quarter ended March 2016.

For the full year,net profit declined 2.14% to Rs 2.74 crore in the year ended March 2017 as against Rs 2.80 crore during the previous year ended March 2016. Sales rose 3.55% to Rs 34.98 crore in the year ended March 2017 as against Rs 33.78 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales8.937.22 24 34.9833.78 4 OPM %42.6714.13 -32.6530.79 - PBDT2.741.07 156 7.757.22 7 PBT1.870.21 790 4.343.88 12 NP1.14-0.12 LP 2.742.80 -2

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Jeet Machine Tools reports standalone net loss of Rs 0.03 crore in the March 2017 quarter
May 20,2017

Net loss of Jeet Machine Tools reported to Rs 0.03 crore in the quarter ended March 2017 as against net profit of Rs 0.03 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.10 crore in the year ended March 2017 as against net loss of Rs 0.02 crore during the previous year ended March 2016. Sales reported to Rs 0.10 crore in the year ended March 2017. There were no Sales reported during the previous year ended March 2016.

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Triveni Glass standalone net profit rises 371.79% in the March 2017 quarter
May 20,2017

Net profit of Triveni Glass rose 371.79% to Rs 1.84 crore in the quarter ended March 2017 as against Rs 0.39 crore during the previous quarter ended March 2016. Sales declined 25.76% to Rs 12.77 crore in the quarter ended March 2017 as against Rs 17.20 crore during the previous quarter ended March 2016.

For the full year,net profit rose 85.77% to Rs 9.01 crore in the year ended March 2017 as against Rs 4.85 crore during the previous year ended March 2016. Sales rose 17.64% to Rs 66.81 crore in the year ended March 2017 as against Rs 56.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales12.7717.20 -26 66.8156.79 18 OPM %-26.558.66 -9.0914.54 - PBDT-4.17-0.07 -5857 3.534.79 -26 PBT-4.37-0.39 -1021 2.804.07 -31 NP1.840.39 372 9.014.85 86

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Luharuka Media & Infra reports standalone net loss of Rs 0.02 crore in the March 2017 quarter
May 20,2017

Net Loss of Luharuka Media & Infra reported to Rs 0.02 crore in the quarter ended March 2017 as against net loss of Rs 0.17 crore during the previous quarter ended March 2016. Sales rose 433.33% to Rs 0.32 crore in the quarter ended March 2017 as against Rs 0.06 crore during the previous quarter ended March 2016.

For the full year,net profit rose 240.00% to Rs 0.68 crore in the year ended March 2017 as against Rs 0.20 crore during the previous year ended March 2016. Sales rose 80.00% to Rs 1.44 crore in the year ended March 2017 as against Rs 0.80 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.320.06 433 1.440.80 80 OPM %9.38-283.33 -68.0643.75 - PBDT0.02-0.18 LP 0.950.31 206 PBT0.02-0.18 LP 0.950.31 206 NP-0.02-0.17 88 0.680.20 240

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Elgi Rubber Company reports consolidated net loss of Rs 0.19 crore in the March 2017 quarter
May 20,2017

Net Loss of Elgi Rubber Company reported to Rs 0.19 crore in the quarter ended March 2017 as against net loss of Rs 1.86 crore during the previous quarter ended March 2016. Sales rose 11.24% to Rs 100.15 crore in the quarter ended March 2017 as against Rs 90.03 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 7.90 crore in the year ended March 2017 as against net loss of Rs 11.45 crore during the previous year ended March 2016. Sales rose 3.51% to Rs 375.05 crore in the year ended March 2017 as against Rs 362.33 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales100.1590.03 11 375.05362.33 4 OPM %8.545.35 -4.034.03 - PBDT6.623.75 77 14.0110.21 37 PBT1.93-1.75 LP -5.69-10.58 46 NP-0.19-1.86 90 -7.90-11.45 31

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Triveni Engineering and Industries consolidated net profit rises 34.36% in the March 2017 quarter
May 20,2017

Net profit of Triveni Engineering and Industries rose 34.36% to Rs 60.46 crore in the quarter ended March 2017 as against Rs 45.00 crore during the previous quarter ended March 2016. Sales rose 91.42% to Rs 888.70 crore in the quarter ended March 2017 as against Rs 464.26 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 252.95 crore in the year ended March 2017 as against net loss of Rs 7.29 crore during the previous year ended March 2016. Sales rose 47.52% to Rs 2813.25 crore in the year ended March 2017 as against Rs 1907.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales888.70464.26 91 2813.251907.00 48 OPM %19.0215.44 -18.546.54 - PBDT149.8261.25 145 444.8049.78 794 PBT133.6443.38 208 387.59-9.06 LP NP60.4645.00 34 252.95-7.29 LP

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IMP Powers consolidated net profit declines 24.69% in the March 2017 quarter
May 20,2017

Net profit of IMP Powers declined 24.69% to Rs 1.80 crore in the quarter ended March 2017 as against Rs 2.39 crore during the previous quarter ended March 2016. Sales rose 19.82% to Rs 141.71 crore in the quarter ended March 2017 as against Rs 118.27 crore during the previous quarter ended March 2016.

For the full year,net profit rose 3.52% to Rs 3.53 crore in the year ended March 2017 as against Rs 3.41 crore during the previous year ended March 2016. Sales rose 9.06% to Rs 394.99 crore in the year ended March 2017 as against Rs 362.17 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales141.71118.27 20 394.99362.17 9 OPM %8.0410.05 -9.239.87 - PBDT4.114.85 -15 11.4911.27 2 PBT2.573.64 -29 5.365.25 2 NP1.802.39 -25 3.533.41 4

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Elgi Rubber Company reports standalone nil net profit/loss in the March 2017 quarter
May 20,2017

Elgi Rubber Company reported no net profit/loss in the quarter ended March 2017 as against net loss of Rs 36.82 crore during the previous quarter ended March 2016. Sales declined 0.46% to Rs 52.27 crore in the quarter ended March 2017 as against Rs 52.51 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 4.01 crore in the year ended March 2017 as against net loss of Rs 26.49 crore during the previous year ended March 2016. Sales declined 0.62% to Rs 199.96 crore in the year ended March 2017 as against Rs 201.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales52.2752.51 0 199.96201.20 -1 OPM %4.826.42 -5.629.05 - PBDT2.333.31 -30 14.3322.47 -36 PBT-0.030.87 PL 5.8113.41 -57 NP0-36.82 100 4.01-26.49 LP

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Triveni Engineering and Industries standalone net profit rises 33.19% in the March 2017 quarter
May 20,2017

Net profit of Triveni Engineering and Industries rose 33.19% to Rs 57.26 crore in the quarter ended March 2017 as against Rs 42.99 crore during the previous quarter ended March 2016. Sales rose 91.42% to Rs 888.70 crore in the quarter ended March 2017 as against Rs 464.26 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 233.56 crore in the year ended March 2017 as against net loss of Rs 8.83 crore during the previous year ended March 2016. Sales rose 47.52% to Rs 2813.25 crore in the year ended March 2017 as against Rs 1907.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales888.70464.26 91 2813.251907.00 48 OPM %19.0215.44 -18.546.55 - PBDT146.6159.24 147 425.4039.83 968 PBT130.4341.36 215 368.19-19.01 LP NP57.2642.99 33 233.56-8.83 LP

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Kintech Renewables standalone net profit rises 266.67% in the March 2017 quarter
May 20,2017

Net profit of Kintech Renewables rose 266.67% to Rs 0.11 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016. Sales reported to Rs 0.29 crore in the quarter ended March 2017. There were no Sales reported during the previous quarter ended March 2016.

For the full year,net profit rose 172.73% to Rs 0.30 crore in the year ended March 2017 as against Rs 0.11 crore during the previous year ended March 2016. Sales reported to Rs 0.46 crore in the year ended March 2017. There were no Sales reported during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.290 0 0.460 0 OPM %51.720 -93.480 - PBDT0.150.02 650 0.430.14 207 PBT0.150.02 650 0.430.14 207 NP0.110.03 267 0.300.11 173

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