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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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Ujjivan Financial Services completes transfer of business to Ujjivan Small Finance Bank
Feb 02,2017

Ujjivan Financial Services announced that it has transferred its business to Ujjivan Small Finance Bank. Further, Ujjivan Small Finance Bank has commenced operations as a small finance bank with effect from 01 February 2017.

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Hypersoft Technologies announces resignation of company secretary
Feb 02,2017

Hypersoft Technologies announced that the Khushboo Joshi, Company Secretary & Compliance Officer of the Company has tendered the Resignation from the post with immediate effect.

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Electrosteel Steels reports standalone net loss of Rs 413.41 crore in the December 2016 quarter
Feb 02,2017

Net Loss of Electrosteel Steels reported to Rs 413.41 crore in the quarter ended December 2016 as against net loss of Rs 232.03 crore during the previous quarter ended December 2015. Sales declined 21.63% to Rs 463.52 crore in the quarter ended December 2016 as against Rs 591.48 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales463.52591.48 -22 OPM %-7.73-8.68 - PBDT-294.05-181.27 -62 PBT-413.41-232.03 -78 NP-413.41-232.03 -78

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Team Lease Services standalone net profit rises 86.65% in the December 2016 quarter
Feb 02,2017

Net profit of Team Lease Services rose 86.65% to Rs 9.09 crore in the quarter ended December 2016 as against Rs 4.87 crore during the previous quarter ended December 2015. Sales rose 25.22% to Rs 775.84 crore in the quarter ended December 2016 as against Rs 619.57 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales775.84619.57 25 OPM %1.461.00 - PBDT15.068.56 76 PBT14.097.49 88 NP9.094.87 87

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Florence Investech standalone net profit declines 91.29% in the December 2016 quarter
Feb 02,2017

Net profit of Florence Investech declined 91.29% to Rs 1.59 crore in the quarter ended December 2016 as against Rs 18.26 crore during the previous quarter ended December 2015. Sales declined 89.53% to Rs 2.46 crore in the quarter ended December 2016 as against Rs 23.49 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.4623.49 -90 OPM %97.1599.49 - PBDT2.3923.37 -90 PBT2.3923.37 -90 NP1.5918.26 -91

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Salzer Electronics standalone net profit rises 15.36% in the December 2016 quarter
Feb 02,2017

Net profit of Salzer Electronics rose 15.36% to Rs 3.98 crore in the quarter ended December 2016 as against Rs 3.45 crore during the previous quarter ended December 2015. Sales rose 1.02% to Rs 89.85 crore in the quarter ended December 2016 as against Rs 88.94 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales89.8588.94 1 OPM %10.7111.23 - PBDT8.397.05 19 PBT5.874.89 20 NP3.983.45 15

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Team Lease Services consolidated net profit rises 132.06% in the December 2016 quarter
Feb 02,2017

Net profit of Team Lease Services rose 132.06% to Rs 11.51 crore in the quarter ended December 2016 as against Rs 4.96 crore during the previous quarter ended December 2015. Sales rose 28.91% to Rs 798.66 crore in the quarter ended December 2016 as against Rs 619.57 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales798.66619.57 29 OPM %1.851.00 - PBDT18.148.66 109 PBT17.107.59 125 NP11.514.96 132

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Glenmark Pharmaceuticals consolidated net profit rises 143.16% in the December 2016 quarter
Feb 02,2017

Net profit of Glenmark Pharmaceuticals rose 143.16% to Rs 477.03 crore in the quarter ended December 2016 as against Rs 196.18 crore during the previous quarter ended December 2015. Sales rose 41.03% to Rs 2462.95 crore in the quarter ended December 2016 as against Rs 1746.39 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2462.951746.39 41 OPM %31.0621.22 - PBDT717.85325.88 120 PBT655.33274.40 139 NP477.03196.18 143

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Saven Technologies standalone net profit declines 8.93% in the December 2016 quarter
Feb 02,2017

Net profit of Saven Technologies declined 8.93% to Rs 0.51 crore in the quarter ended December 2016 as against Rs 0.56 crore during the previous quarter ended December 2015. Sales rose 10.73% to Rs 2.58 crore in the quarter ended December 2016 as against Rs 2.33 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2.582.33 11 OPM %20.5426.61 - PBDT0.840.86 -2 PBT0.760.78 -3 NP0.510.56 -9

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Hindusthan Urban Infrastructure reports standalone net loss of Rs 1.68 crore in the December 2016 quarter
Feb 02,2017

Net Loss of Hindusthan Urban Infrastructure reported to Rs 1.68 crore in the quarter ended December 2016 as against net loss of Rs 4.45 crore during the previous quarter ended December 2015. Sales declined 3.01% to Rs 159.69 crore in the quarter ended December 2016 as against Rs 164.65 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales159.69164.65 -3 OPM %5.745.00 - PBDT0.26-0.56 LP PBT-3.55-3.82 7 NP-1.68-4.45 62

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Sharda Motor Industries standalone net profit rises 11.10% in the December 2016 quarter
Feb 02,2017

Net profit of Sharda Motor Industries rose 11.10% to Rs 12.01 crore in the quarter ended December 2016 as against Rs 10.81 crore during the previous quarter ended December 2015. Sales rose 5.98% to Rs 249.09 crore in the quarter ended December 2016 as against Rs 235.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales249.09235.04 6 OPM %12.6711.32 - PBDT31.9227.67 15 PBT17.4816.39 7 NP12.0110.81 11

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Tea Time standalone net profit rises 200.00% in the December 2016 quarter
Feb 02,2017

Net profit of Tea Time rose 200.00% to Rs 0.12 crore in the quarter ended December 2016 as against Rs 0.04 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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Share of Nuclear Energy in Electricity Generation was about 3.4% in the year 2015-16
Feb 02,2017

The share of nuclear power in the total electricity generation in the country was about 3.4% in the year 2015-16.

The share of nuclear power in total electricity generation is planned to be progressively increased by addition of nuclear power capacity. The present capacity of 5780 MW will reach 6780 MW by the end of this financial year, with the commercial operation of Kudankulam Unit-2, which is already generating infirm power at the rated capacity. The capacity is expected to reach 9580 MW by 2020 on progressive completion of projects under construction and about 12980 MW by 2024 on completion of new projects accorded sanction. A large expansion programme based on both indigenous technologies and with foreign technical cooperation is planned in future.

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NECLO completes sale of its UGS business
Feb 02,2017

NELCO has complete the required formalities for sale of Unattended Ground Sensors (UGS) business to Tata Power Company.

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Globus Spirits standalone net profit declines 40.40% in the December 2016 quarter
Feb 02,2017

Net profit of Globus Spirits declined 40.40% to Rs 2.08 crore in the quarter ended December 2016 as against Rs 3.49 crore during the previous quarter ended December 2015. Sales rose 12.58% to Rs 220.01 crore in the quarter ended December 2016 as against Rs 195.43 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales220.01195.43 13 OPM %7.499.58 - PBDT14.4114.51 -1 PBT5.004.42 13 NP2.083.49 -40

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