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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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Cholamandalam Investment & Finance Company standalone net profit rises 41.89% in the September 2016 quarter
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Net profit of Cholamandalam Investment & Finance Company rose 41.89% to Rs 170.94 crore in the quarter ended September 2016 as against Rs 120.47 crore during the previous quarter ended September 2015. Sales rose 14.00% to Rs 1155.76 crore in the quarter ended September 2016 as against Rs 1013.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1155.761013.82 14 OPM %72.7968.96 - PBDT272.36188.13 45 PBT263.36183.15 44 NP170.94120.47 42

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Binny Mills standalone net profit declines 5.26% in the September 2016 quarter
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Net profit of Binny Mills declined 5.26% to Rs 0.18 crore in the quarter ended September 2016 as against Rs 0.19 crore during the previous quarter ended September 2015. Sales rose 12.70% to Rs 2.13 crore in the quarter ended September 2016 as against Rs 1.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.131.89 13 OPM %13.1515.87 - PBDT0.300.30 0 PBT0.290.29 0 NP0.180.19 -5

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Bhilwara Technical Textiles standalone net profit rises 1270.00% in the September 2016 quarter
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Net profit of Bhilwara Technical Textiles rose 1270.00% to Rs 1.37 crore in the quarter ended September 2016 as against Rs 0.10 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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EPC Industrie reports standalone net loss of Rs 1.12 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales45.2841.28 10 OPM %-1.59-0.19 - PBDT-1.090.31 PL PBT-1.75-0.36 -386 NP-1.12-0.14 -700

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Zee Media Corporation reports consolidated net loss of Rs 18.04 crore in the September 2016 quarter
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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales124.20126.13 -2 OPM %14.495.78 - PBDT7.99-3.75 LP PBT-2.07-16.78 88 NP-18.04-19.86 9

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Inox Leisure consolidated net profit declines 92.66% in the September 2016 quarter
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Net profit of Inox Leisure declined 92.66% to Rs 1.56 crore in the quarter ended September 2016 as against Rs 21.24 crore during the previous quarter ended September 2015. Sales declined 3.13% to Rs 278.76 crore in the quarter ended September 2016 as against Rs 287.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales278.76287.76 -3 OPM %9.7519.64 - PBDT23.4852.39 -55 PBT2.7132.74 -92 NP1.5621.24 -93

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Gallantt Metal standalone net profit declines 23.32% in the September 2016 quarter
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Net profit of Gallantt Metal declined 23.32% to Rs 7.86 crore in the quarter ended September 2016 as against Rs 10.25 crore during the previous quarter ended September 2015. Sales declined 15.53% to Rs 136.68 crore in the quarter ended September 2016 as against Rs 161.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales136.68161.81 -16 OPM %9.8510.13 - PBDT12.5315.14 -17 PBT8.3610.67 -22 NP7.8610.25 -23

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Inox Leisure standalone net profit declines 92.53% in the September 2016 quarter
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Net profit of Inox Leisure declined 92.53% to Rs 1.59 crore in the quarter ended September 2016 as against Rs 21.29 crore during the previous quarter ended September 2015. Sales declined 3.13% to Rs 278.76 crore in the quarter ended September 2016 as against Rs 287.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales278.76287.76 -3 OPM %9.7519.65 - PBDT23.4952.44 -55 PBT2.7232.79 -92 NP1.5921.29 -93

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Sarla Performance Fibers standalone net profit declines 5.70% in the September 2016 quarter
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Net profit of Sarla Performance Fibers declined 5.70% to Rs 13.07 crore in the quarter ended September 2016 as against Rs 13.86 crore during the previous quarter ended September 2015. Sales rose 3.00% to Rs 66.60 crore in the quarter ended September 2016 as against Rs 64.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.6064.66 3 OPM %23.5623.45 - PBDT19.9921.32 -6 PBT16.8818.83 -10 NP13.0713.86 -6

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DCM Shriram standalone net profit rises 24.12% in the September 2016 quarter
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Net profit of DCM Shriram rose 24.12% to Rs 100.30 crore in the quarter ended September 2016 as against Rs 80.81 crore during the previous quarter ended September 2015. Sales declined 4.63% to Rs 1335.96 crore in the quarter ended September 2016 as against Rs 1400.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1335.961400.86 -5 OPM %9.438.50 - PBDT126.94110.11 15 PBT100.7585.45 18 NP100.3080.81 24

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Torrent Power consolidated net profit declines 42.95% in the September 2016 quarter
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Net profit of Torrent Power declined 42.95% to Rs 140.93 crore in the quarter ended September 2016 as against Rs 247.01 crore during the previous quarter ended September 2015. Sales declined 14.03% to Rs 2627.93 crore in the quarter ended September 2016 as against Rs 3056.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2627.933056.95 -14 OPM %25.0325.82 - PBDT442.82586.72 -25 PBT201.83364.14 -45 NP140.93247.01 -43

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Sarla Performance Fibers consolidated net profit rises 3.35% in the September 2016 quarter
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Net profit of Sarla Performance Fibers rose 3.35% to Rs 13.59 crore in the quarter ended September 2016 as against Rs 13.15 crore during the previous quarter ended September 2015. Sales declined 0.72% to Rs 81.00 crore in the quarter ended September 2016 as against Rs 81.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales81.0081.59 -1 OPM %25.0024.88 - PBDT22.0922.07 0 PBT17.5318.17 -4 NP13.5913.15 3

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Cholamandalam Investment & Finance Company consolidated net profit rises 37.47% in the September 2016 quarter
Oct 28,2016

Net profit of Cholamandalam Investment & Finance Company rose 37.47% to Rs 167.34 crore in the quarter ended September 2016 as against Rs 121.73 crore during the previous quarter ended September 2015. Sales rose 13.95% to Rs 1161.41 crore in the quarter ended September 2016 as against Rs 1019.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1161.411019.19 14 OPM %72.1468.68 - PBDT269.76189.99 42 PBT260.53184.92 41 NP167.34121.73 37

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Paramount Printpackaging reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
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Net Loss of Paramount Printpackaging reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.05 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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Zee Media Corporation reports standalone net profit of Rs 5.82 crore in the September 2016 quarter
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Net profit of Zee Media Corporation reported to Rs 5.82 crore in the quarter ended September 2016 as against net loss of Rs 1.28 crore during the previous quarter ended September 2015. Sales declined 0.94% to Rs 87.49 crore in the quarter ended September 2016 as against Rs 88.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales87.4988.32 -1 OPM %18.734.66 - PBDT15.065.44 177 PBT8.63-2.29 LP NP5.82-1.28 LP

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