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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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Rajani Extractions reports standalone nil net profit/loss in the September 2016 quarter
Nov 16,2016

Rajani Extractions reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.01 -100 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Kanishk Steel Industries standalone net profit declines 95.64% in the September 2016 quarter
Nov 16,2016

Net profit of Kanishk Steel Industries declined 95.64% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 4.59 crore during the previous quarter ended September 2015. Sales rose 5.86% to Rs 64.13 crore in the quarter ended September 2016 as against Rs 60.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales64.1360.58 6 OPM %1.531.50 - PBDT0.885.98 -85 PBT0.395.57 -93 NP0.204.59 -96

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Gufic BioSciences standalone net profit rises 60.00% in the September 2016 quarter
Nov 16,2016

Net profit of Gufic BioSciences rose 60.00% to Rs 2.64 crore in the quarter ended September 2016 as against Rs 1.65 crore during the previous quarter ended September 2015. Sales rose 25.30% to Rs 64.29 crore in the quarter ended September 2016 as against Rs 51.31 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales64.2951.31 25 OPM %10.148.67 - PBDT5.173.55 46 PBT4.232.60 63 NP2.641.65 60

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Ginni Filaments reports standalone net profit of Rs 5.05 crore in the September 2016 quarter
Nov 16,2016

Net profit of Ginni Filaments reported to Rs 5.05 crore in the quarter ended September 2016 as against net loss of Rs 1.50 crore during the previous quarter ended September 2015. Sales declined 3.25% to Rs 182.32 crore in the quarter ended September 2016 as against Rs 188.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales182.32188.44 -3 OPM %13.198.32 - PBDT16.165.68 185 PBT8.78-1.76 LP NP5.05-1.50 LP

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IL&FS Investment Managers standalone net profit rises 33.02% in the September 2016 quarter
Nov 16,2016

Net profit of IL&FS Investment Managers rose 33.02% to Rs 12.73 crore in the quarter ended September 2016 as against Rs 9.57 crore during the previous quarter ended September 2015. Sales declined 24.91% to Rs 14.71 crore in the quarter ended September 2016 as against Rs 19.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales14.7119.59 -25 OPM %96.7460.54 - PBDT16.5513.02 27 PBT16.4112.90 27 NP12.739.57 33

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SRM Energy reports standalone net loss of Rs 0.09 crore in the September 2016 quarter
Nov 16,2016

Net Loss of SRM Energy reported to Rs 0.09 crore in the quarter ended September 2016 as against net loss of Rs 0.15 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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IST standalone net profit declines 25.52% in the September 2016 quarter
Nov 16,2016

Net profit of IST declined 25.52% to Rs 2.13 crore in the quarter ended September 2016 as against Rs 2.86 crore during the previous quarter ended September 2015. Sales rose 134.84% to Rs 7.28 crore in the quarter ended September 2016 as against Rs 3.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.283.10 135 OPM %21.299.35 - PBDT3.334.68 -29 PBT2.814.15 -32 NP2.132.86 -26

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Samtel (India) reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 16,2016

Net Loss of Samtel (India) reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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VMS Industries consolidated net profit rises 190.48% in the September 2016 quarter
Nov 16,2016

Net profit of VMS Industries rose 190.48% to Rs 0.61 crore in the quarter ended September 2016 as against Rs 0.21 crore during the previous quarter ended September 2015. Sales rose 31.41% to Rs 43.84 crore in the quarter ended September 2016 as against Rs 33.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.8433.36 31 OPM %3.652.07 - PBDT1.050.48 119 PBT0.960.30 220 NP0.610.21 190

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Brigade Enterprises consolidated net profit declines 25.08% in the September 2016 quarter
Nov 16,2016

Net profit of Brigade Enterprises declined 25.08% to Rs 28.67 crore in the quarter ended September 2016 as against Rs 38.27 crore during the previous quarter ended September 2015. Sales declined 5.36% to Rs 427.77 crore in the quarter ended September 2016 as against Rs 451.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales427.77451.99 -5 OPM %30.0528.47 - PBDT75.1288.63 -15 PBT46.2263.12 -27 NP28.6738.27 -25

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Commex Technology reports consolidated net loss of Rs 0.89 crore in the September 2016 quarter
Nov 16,2016

Net loss of Commex Technology reported to Rs 0.89 crore in the quarter ended September 2016 as against net profit of Rs 0.42 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 1.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales01.10 -100 OPM %011.82 - PBDT-0.770.63 PL PBT-0.890.42 PL NP-0.890.42 PL

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Bharat Financial Inclusion issues Commercial Paper aggregating Rs 25 cr
Nov 16,2016

Bharat Financial Inclusion announced that the Company issued Commercial Papers of an aggregate amount of Rs. 25 crore on 15 November 2016, which have been rated A1+ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.

The aggregate amount of Commercial Papers outstanding as on date is Rs. 475 crore.

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South Indian Bank gets RBI approval to open overseas branch
Nov 16,2016

South Indian Bank announced that RBI has given its approval vide letter dated 08 November 2016 to open a representative office of the Bank in Dubai, UAE.

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LafargeHolcim increases stake in Ambuja Cement and ACC
Nov 16,2016

ACC announced that LafargeHolcims subsidiary Holderind Investments has increased its shareholding in Ambuja Cement by 39,100,000 shares to 1253156361 shares (63.11% of total Ambuja shares) and in ACC, a subsidiary of Ambuja, by 7870000 shares to 8411000 shares (4.48% of total ACC shares).

The Purchase Price will be paid in INR. The impact of LarfargeHolcims net debt is CHF 325 million. This investment was not included in the Groups net debt objective of around CHF 13 billion at the end of 2016 which should be adjusted accordingly.

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Shares of Salem Erode Investments get listed
Nov 16,2016

The equity shares of Salem Erode Investments (Scrip Code: 540181) are listed effective 16 November 2016 and admitted to dealings on the Exchange in the list of XT Group Securities.

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