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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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Bharti Infratel consolidated net profit rises 25.33% in the December 2016 quarter
Jan 24,2017

Net profit of Bharti Infratel rose 25.33% to Rs 620.40 crore in the quarter ended December 2016 as against Rs 495.00 crore during the previous quarter ended December 2015. Sales rose 9.61% to Rs 1530.00 crore in the quarter ended December 2016 as against Rs 1395.90 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1530.001395.90 10 OPM %46.1244.45 - PBDT1175.80968.30 21 PBT882.40677.30 30 NP620.40495.00 25

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Karnataka Bank standalone net profit declines 29.30% in the December 2016 quarter
Jan 24,2017

Net profit of Karnataka Bank declined 29.30% to Rs 68.52 crore in the quarter ended December 2016 as against Rs 96.91 crore during the previous quarter ended December 2015. Total Operating Income rose 7.02% to Rs 1323.93 crore in the quarter ended December 2016 as against Rs 1237.11 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Total Operating Income1323.931237.11 7 OPM %66.8575.02 - PBDT71.26128.57 -45 PBT71.26128.57 -45 NP68.5296.91 -29

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Chemo Pharma Laboratories reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Jan 24,2017

Net loss of Chemo Pharma Laboratories reported to Rs 0.01 crore in the quarter ended December 2016 as against net profit 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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Gujarat State Fertilizers & Chemicals standalone net profit declines 40.99% in the December 2016 quarter
Jan 24,2017

Net profit of Gujarat State Fertilizers & Chemicals declined 40.99% to Rs 61.17 crore in the quarter ended December 2016 as against Rs 103.66 crore during the previous quarter ended December 2015. Sales declined 30.77% to Rs 1102.70 crore in the quarter ended December 2016 as against Rs 1592.71 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1102.701592.71 -31 OPM %7.1211.09 - PBDT77.40181.40 -57 PBT50.24155.86 -68 NP61.17103.66 -41

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Suraj reports standalone net loss of Rs 0.29 crore in the December 2016 quarter
Jan 24,2017

Net Loss of Suraj reported to Rs 0.29 crore in the quarter ended December 2016 as against net loss of Rs 2.57 crore during the previous quarter ended December 2015. Sales rose 28.81% to Rs 49.32 crore in the quarter ended December 2016 as against Rs 38.29 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales49.3238.29 29 OPM %5.784.83 - PBDT0.70-0.55 LP PBT-0.47-2.65 82 NP-0.29-2.57 89

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Kirloskar Ferrous Industries standalone net profit rises 41.54% in the December 2016 quarter
Jan 24,2017

Net profit of Kirloskar Ferrous Industries rose 41.54% to Rs 17.07 crore in the quarter ended December 2016 as against Rs 12.06 crore during the previous quarter ended December 2015. Sales declined 16.30% to Rs 224.13 crore in the quarter ended December 2016 as against Rs 267.78 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales224.13267.78 -16 OPM %15.8612.54 - PBDT31.5328.42 11 PBT19.7917.39 14 NP17.0712.06 42

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Gujarat Narmada Valley Fertilizers & Chemicals standalone net profit rises 22.42% in the December 2016 quarter
Jan 24,2017

Net profit of Gujarat Narmada Valley Fertilizers & Chemicals rose 22.42% to Rs 66.77 crore in the quarter ended December 2016 as against Rs 54.54 crore during the previous quarter ended December 2015. Sales rose 3.45% to Rs 1217.59 crore in the quarter ended December 2016 as against Rs 1176.93 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1217.591176.93 3 OPM %16.6813.04 - PBDT186.60158.68 18 PBT123.2296.10 28 NP66.7754.54 22

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EIH standalone net profit rises 8.30% in the December 2016 quarter
Jan 24,2017

Net profit of EIH rose 8.30% to Rs 54.31 crore in the quarter ended December 2016 as against Rs 50.15 crore during the previous quarter ended December 2015. Sales declined 9.28% to Rs 361.51 crore in the quarter ended December 2016 as against Rs 398.47 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales361.51398.47 -9 OPM %29.5526.40 - PBDT111.09105.72 5 PBT83.2276.05 9 NP54.3150.15 8

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ABC Bearings standalone net profit rises 305.36% in the December 2016 quarter
Jan 24,2017

Net profit of ABC Bearings rose 305.36% to Rs 2.27 crore in the quarter ended December 2016 as against Rs 0.56 crore during the previous quarter ended December 2015. Sales rose 18.28% to Rs 47.29 crore in the quarter ended December 2016 as against Rs 39.98 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales47.2939.98 18 OPM %16.3513.53 - PBDT6.533.91 67 PBT3.490.84 315 NP2.270.56 305

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Nucleus Software Exports consolidated net profit rises 127.10% in the December 2016 quarter
Jan 24,2017

Net profit of Nucleus Software Exports rose 127.10% to Rs 15.92 crore in the quarter ended December 2016 as against Rs 7.01 crore during the previous quarter ended December 2015. Sales rose 7.73% to Rs 93.14 crore in the quarter ended December 2016 as against Rs 86.46 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales93.1486.46 8 OPM %15.416.89 - PBDT22.7411.49 98 PBT19.508.43 131 NP15.927.01 127

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Rane (Madras) fixes record date for interim dividend
Jan 23,2017

Rane (Madras) has fixed 03 February 2017 as the Record Date for the purpose of payment of Interim Dividend.

The interim dividend will be paid / dispatched to the eligible shareholders, on 11 February 2017.

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Suven Life Sciences fixes record date for interim dividend
Jan 23,2017

Suven Life Sciences has fixed 09 February 2017 as the Record Date for the purpose of payment of interim dividend to eligible shareholders, if considered and approved by the Board in its meeting to be held on 01 February 2017.

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Board of Mayur Uniquoters to consider Q3 results and 3rd interim dividend
Jan 23,2017

Mayur Uniquoters announced that the meeting of Board of Directors of the Company will be held on 03 February 2017, inter alia to transact the following business:

1. To consider and approve unaudited financial results of the Company for the 3rd quarter ended on 31 December 2016; and

2. To consider and declare the third interim dividend on the equity shares of the Company for the financial year 2016-17, if any.

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Mayur Uniquoters fixes record date for 3rd interim dividend
Jan 23,2017

Mayur Uniquoters has fixed 13 February 2017 as the Record Date for the purpose of Payment of Third Interim Dividend, if any.

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Hikal to announce December quarter results and interim dividend
Jan 23,2017

Hikal announced that the meeting of the Board of Directors of the Company will be held on 01 February 2017, inter alia, to consider, approve and to take on record the Unaudited Financial Results of the Company for the quarter ended 31 December 2016 and to consider payment of interim dividend for the year 2016-17, if any.

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