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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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WPIL standalone net profit rises 93.85% in the September 2016 quarter
Oct 28,2016

Net profit of WPIL rose 93.85% to Rs 3.78 crore in the quarter ended September 2016 as against Rs 1.95 crore during the previous quarter ended September 2015. Sales rose 44.62% to Rs 58.11 crore in the quarter ended September 2016 as against Rs 40.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales58.1140.18 45 OPM %10.0213.76 - PBDT5.913.68 61 PBT5.192.98 74 NP3.781.95 94

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Astec Lifesciences standalone net profit rises 516.57% in the September 2016 quarter
Oct 28,2016

Net profit of Astec Lifesciences rose 516.57% to Rs 11.16 crore in the quarter ended September 2016 as against Rs 1.81 crore during the previous quarter ended September 2015. Sales rose 50.17% to Rs 87.85 crore in the quarter ended September 2016 as against Rs 58.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales87.8558.50 50 OPM %26.4916.67 - PBDT20.357.48 172 PBT16.524.67 254 NP11.161.81 517

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UPL standalone net profit declines 77.72% in the September 2016 quarter
Oct 28,2016

Net profit of UPL declined 77.72% to Rs 67.27 crore in the quarter ended September 2016 as against Rs 301.99 crore during the previous quarter ended September 2015. Sales rose 16.46% to Rs 1787.72 crore in the quarter ended September 2016 as against Rs 1534.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1787.721534.99 16 OPM %15.3916.26 - PBDT280.37451.52 -38 PBT118.82301.99 -61 NP67.27301.99 -78

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Banaras Beads standalone net profit declines 28.74% in the September 2016 quarter
Oct 28,2016

Net profit of Banaras Beads declined 28.74% to Rs 0.62 crore in the quarter ended September 2016 as against Rs 0.87 crore during the previous quarter ended September 2015. Sales declined 9.61% to Rs 6.21 crore in the quarter ended September 2016 as against Rs 6.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.216.87 -10 OPM %16.1021.83 - PBDT1.421.70 -16 PBT0.871.17 -26 NP0.620.87 -29

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Allied Herbals reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Allied Herbals reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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Lila Worldwide reports standalone nil net profit/loss in the September 2016 quarter
Oct 28,2016

Lila Worldwide reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 25.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.04 -25 OPM %025.00 - PBDT00.01 -100 PBT00.01 -100 NP00.01 -100

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Cupid standalone net profit rises 30.41% in the September 2016 quarter
Oct 28,2016

Net profit of Cupid rose 30.41% to Rs 5.36 crore in the quarter ended September 2016 as against Rs 4.11 crore during the previous quarter ended September 2015. Sales rose 40.54% to Rs 21.53 crore in the quarter ended September 2016 as against Rs 15.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales21.5315.32 41 OPM %42.0843.67 - PBDT9.026.63 36 PBT8.486.15 38 NP5.364.11 30

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Sharanam Infraproject & Trading standalone net profit rises 100.00% in the September 2016 quarter
Oct 28,2016

Net profit of Sharanam Infraproject & Trading rose 100.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.03 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.03 0 OPM %66.6733.33 - PBDT0.020.01 100 PBT0.020.01 100 NP0.020.01 100

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Gujarat Credit Corporation reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Gujarat Credit Corporation reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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NELCO standalone net profit declines 31.86% in the September 2016 quarter
Oct 28,2016

Net profit of NELCO declined 31.86% to Rs 0.77 crore in the quarter ended September 2016 as against Rs 1.13 crore during the previous quarter ended September 2015. Sales rose 12.96% to Rs 23.71 crore in the quarter ended September 2016 as against Rs 20.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.7120.99 13 OPM %12.619.96 - PBDT1.590.56 184 PBT0.77-0.49 LP NP0.771.13 -32

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Astec Lifesciences consolidated net profit rises 449.02% in the September 2016 quarter
Oct 28,2016

Net profit of Astec Lifesciences rose 449.02% to Rs 11.20 crore in the quarter ended September 2016 as against Rs 2.04 crore during the previous quarter ended September 2015. Sales rose 33.09% to Rs 88.45 crore in the quarter ended September 2016 as against Rs 66.46 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales88.4566.46 33 OPM %26.4115.27 - PBDT20.467.78 163 PBT16.624.90 239 NP11.202.04 449

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Sasken Communication Technologies consolidated net profit declines 9.19% in the September 2016 quarter
Oct 28,2016

Net profit of Sasken Communication Technologies declined 9.19% to Rs 9.58 crore in the quarter ended September 2016 as against Rs 10.55 crore during the previous quarter ended September 2015. Sales declined 7.36% to Rs 118.40 crore in the quarter ended September 2016 as against Rs 127.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales118.40127.81 -7 OPM %6.819.68 - PBDT14.6816.01 -8 PBT13.0114.43 -10 NP9.5810.55 -9

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NELCO consolidated net profit declines 42.11% in the September 2016 quarter
Oct 28,2016

Net profit of NELCO declined 42.11% to Rs 0.99 crore in the quarter ended September 2016 as against Rs 1.71 crore during the previous quarter ended September 2015. Sales rose 12.04% to Rs 36.49 crore in the quarter ended September 2016 as against Rs 32.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.4932.57 12 OPM %12.9411.91 - PBDT2.661.74 53 PBT0.950.02 4650 NP0.991.71 -42

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IKF Technologies standalone net profit rises 13.04% in the September 2016 quarter
Oct 28,2016

Net profit of IKF Technologies rose 13.04% to Rs 0.26 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales rose 18.52% to Rs 19.65 crore in the quarter ended September 2016 as against Rs 16.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19.6516.58 19 OPM %9.115.43 - PBDT1.650.82 101 PBT0.260.23 13 NP0.260.23 13

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Sasken Communication Technologies standalone net profit declines 20.36% in the September 2016 quarter
Oct 28,2016

Net profit of Sasken Communication Technologies declined 20.36% to Rs 12.91 crore in the quarter ended September 2016 as against Rs 16.21 crore during the previous quarter ended September 2015. Sales declined 5.11% to Rs 100.73 crore in the quarter ended September 2016 as against Rs 106.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales100.73106.16 -5 OPM %9.216.79 - PBDT18.1920.69 -12 PBT16.6619.30 -14 NP12.9116.21 -20

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