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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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HCL Infosystems reports consolidated net loss of Rs 37.13 crore in the September 2016 quarter
Oct 28,2016

Net Loss of HCL Infosystems reported to Rs 37.13 crore in the quarter ended September 2016 as against net loss of Rs 2.86 crore during the previous quarter ended September 2015. Sales declined 31.83% to Rs 1001.62 crore in the quarter ended September 2016 as against Rs 1469.22 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1001.621469.22 -32 OPM %-2.88-0.63 - PBDT-39.75-1.00 -3875 PBT-49.15-11.91 -313 NP-37.13-2.86 -1198

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Tata Teleservices (Maharashtra) reports standalone net loss of Rs 468.13 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Tata Teleservices (Maharashtra) reported to Rs 468.13 crore in the quarter ended September 2016 as against net loss of Rs 175.70 crore during the previous quarter ended September 2015. Sales declined 4.45% to Rs 700.59 crore in the quarter ended September 2016 as against Rs 733.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales700.59733.18 -4 OPM %24.7425.51 - PBDT-198.59-15.60 -1173 PBT-468.13-175.70 -166 NP-468.13-175.70 -166

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Vaibhav Global standalone net profit declines 30.81% in the September 2016 quarter
Oct 28,2016

Net profit of Vaibhav Global declined 30.81% to Rs 3.57 crore in the quarter ended September 2016 as against Rs 5.16 crore during the previous quarter ended September 2015. Sales rose 52.95% to Rs 124.58 crore in the quarter ended September 2016 as against Rs 81.45 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales124.5881.45 53 OPM %5.689.59 - PBDT8.199.05 -10 PBT6.207.83 -21 NP3.575.16 -31

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Swasti Vinayaka Art & Heritage Corporation standalone net profit declines 42.65% in the September 2016 quarter
Oct 28,2016

Net profit of Swasti Vinayaka Art & Heritage Corporation declined 42.65% to Rs 0.39 crore in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015. Sales declined 15.02% to Rs 2.15 crore in the quarter ended September 2016 as against Rs 2.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.152.53 -15 OPM %41.8652.57 - PBDT0.701.10 -36 PBT0.611.00 -39 NP0.390.68 -43

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Andhra Pradesh Tanneries reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Andhra Pradesh Tanneries reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.13 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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Contil India standalone net profit rises 66.67% in the September 2016 quarter
Oct 28,2016

Net profit of Contil India rose 66.67% to Rs 0.05 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 25.00% to Rs 0.15 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.150.12 25 OPM %33.3325.00 - PBDT0.050.03 67 PBT0.050.03 67 NP0.050.03 67

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South India Paper Mills standalone net profit declines 36.44% in the September 2016 quarter
Oct 28,2016

Net profit of South India Paper Mills declined 36.44% to Rs 2.39 crore in the quarter ended September 2016 as against Rs 3.76 crore during the previous quarter ended September 2015. Sales rose 7.98% to Rs 51.41 crore in the quarter ended September 2016 as against Rs 47.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales51.4147.61 8 OPM %8.5616.45 - PBDT3.677.64 -52 PBT3.675.75 -36 NP2.393.76 -36

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Linaks Microelectronics reports standalone net loss of Rs 0.15 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Linaks Microelectronics reported to Rs 0.15 crore in the quarter ended September 2016 as against net loss of Rs 0.30 crore during the previous quarter ended September 2015. Sales reported to Rs 0.03 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030 0 OPM %-400.000 - PBDT-0.10-0.21 52 PBT-0.15-0.30 50 NP-0.15-0.30 50

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Mazda standalone net profit rises 30.97% in the September 2016 quarter
Oct 28,2016

Net profit of Mazda rose 30.97% to Rs 4.61 crore in the quarter ended September 2016 as against Rs 3.52 crore during the previous quarter ended September 2015. Sales declined 4.57% to Rs 29.63 crore in the quarter ended September 2016 as against Rs 31.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales29.6331.05 -5 OPM %16.5018.26 - PBDT7.135.94 20 PBT6.505.42 20 NP4.613.52 31

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Nitin Alloys Global standalone net profit declines 46.77% in the September 2016 quarter
Oct 28,2016

Net profit of Nitin Alloys Global declined 46.77% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 0.62 crore during the previous quarter ended September 2015. Sales declined 22.29% to Rs 7.18 crore in the quarter ended September 2016 as against Rs 9.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7.189.24 -22 OPM %7.9410.82 - PBDT0.650.98 -34 PBT0.380.71 -46 NP0.330.62 -47

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HCL Infosystems reports standalone net loss of Rs 17.49 crore in the September 2016 quarter
Oct 28,2016

Net loss of HCL Infosystems reported to Rs 17.49 crore in the quarter ended September 2016 as against net profit of Rs 10.99 crore during the previous quarter ended September 2015. Sales declined 38.48% to Rs 635.35 crore in the quarter ended September 2016 as against Rs 1032.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales635.351032.72 -38 OPM %0.54-0.20 - PBDT-11.4411.55 PL PBT-12.6510.37 PL NP-17.4910.99 PL

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Vaibhav Global consolidated net profit declines 39.97% in the September 2016 quarter
Oct 28,2016

Net profit of Vaibhav Global declined 39.97% to Rs 7.27 crore in the quarter ended September 2016 as against Rs 12.11 crore during the previous quarter ended September 2015. Sales rose 15.51% to Rs 344.90 crore in the quarter ended September 2016 as against Rs 298.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales344.90298.58 16 OPM %4.695.85 - PBDT15.8319.04 -17 PBT8.6912.88 -33 NP7.2712.11 -40

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Binani Industries reports standalone net profit of Rs 0.33 crore in the September 2016 quarter
Oct 28,2016

Net profit of Binani Industries remain constant at Rs 0.33 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 8.15% to Rs 53.46 crore in the quarter ended September 2016 as against Rs 49.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales53.4649.43 8 OPM %-0.150.12 - PBDT0.590.74 -20 PBT0.330.11 200 NP0.330.33 0

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Gujarat Hotels standalone net profit rises 5.19% in the September 2016 quarter
Oct 28,2016

Net profit of Gujarat Hotels rose 5.19% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales declined 2.63% to Rs 0.74 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.740.76 -3 OPM %87.8485.53 - PBDT1.201.16 3 PBT1.191.15 3 NP0.810.77 5

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Kansai Nerolac Paints standalone net profit rises 41.78% in the September 2016 quarter
Oct 28,2016

Net profit of Kansai Nerolac Paints rose 41.78% to Rs 139.31 crore in the quarter ended September 2016 as against Rs 98.26 crore during the previous quarter ended September 2015. Sales rose 5.71% to Rs 999.88 crore in the quarter ended September 2016 as against Rs 945.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales999.88945.83 6 OPM %19.8316.47 - PBDT227.65161.74 41 PBT210.48144.74 45 NP139.3198.26 42

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