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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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Moschip Semiconductor Technology reports standalone net profit of Rs 0.49 crore in the September 2016 quarter
Oct 27,2016

Net profit of Moschip Semiconductor Technology reported to Rs 0.49 crore in the quarter ended September 2016 as against net loss of Rs 1.92 crore during the previous quarter ended September 2015. Sales rose 416.15% to Rs 6.71 crore in the quarter ended September 2016 as against Rs 1.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.711.30 416 OPM %11.62-68.46 - PBDT0.53-1.62 LP PBT0.49-1.67 LP NP0.49-1.92 LP

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Sterlite Technologies standalone net profit declines 71.32% in the September 2016 quarter
Oct 27,2016

Net profit of Sterlite Technologies declined 71.32% to Rs 13.76 crore in the quarter ended September 2016 as against Rs 47.97 crore during the previous quarter ended September 2015. Sales declined 5.21% to Rs 498.22 crore in the quarter ended September 2016 as against Rs 525.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales498.22525.61 -5 OPM %15.7520.91 - PBDT51.4689.84 -43 PBT17.4267.41 -74 NP13.7647.97 -71

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Mold-Tek Packaging standalone net profit rises 29.30% in the September 2016 quarter
Oct 27,2016

Net profit of Mold-Tek Packaging rose 29.30% to Rs 6.62 crore in the quarter ended September 2016 as against Rs 5.12 crore during the previous quarter ended September 2015. Sales rose 19.02% to Rs 75.89 crore in the quarter ended September 2016 as against Rs 63.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.8963.76 19 OPM %16.8415.62 - PBDT12.559.89 27 PBT10.097.79 30 NP6.625.12 29

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Mahindra Lifespace Developers standalone net profit declines 53.74% in the September 2016 quarter
Oct 27,2016

Net profit of Mahindra Lifespace Developers declined 53.74% to Rs 12.74 crore in the quarter ended September 2016 as against Rs 27.54 crore during the previous quarter ended September 2015. Sales declined 22.07% to Rs 95.03 crore in the quarter ended September 2016 as against Rs 121.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales95.03121.95 -22 OPM %6.1016.69 - PBDT17.6141.56 -58 PBT16.5140.59 -59 NP12.7427.54 -54

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Tech Mahindra standalone net profit declines 11.27% in the September 2016 quarter
Oct 27,2016

Net profit of Tech Mahindra declined 11.27% to Rs 872.21 crore in the quarter ended September 2016 as against Rs 983.00 crore during the previous quarter ended September 2015. Sales rose 8.03% to Rs 5682.19 crore in the quarter ended September 2016 as against Rs 5259.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5682.195259.91 8 OPM %16.1316.95 - PBDT1280.461355.10 -6 PBT1132.651213.22 -7 NP872.21983.00 -11

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Thirdwave Financial Intermediaries reports standalone nil net profit/loss in the September 2016 quarter
Oct 27,2016

Thirdwave Financial Intermediaries reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 1400.00% to Rs 0.15 crore 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. Sales0.150.01 1400 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Emami standalone net profit rises 93.02% in the September 2016 quarter
Oct 27,2016

Net profit of Emami rose 93.02% to Rs 88.48 crore in the quarter ended September 2016 as against Rs 45.84 crore during the previous quarter ended September 2015. Sales rose 11.87% to Rs 536.40 crore in the quarter ended September 2016 as against Rs 479.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales536.40479.47 12 OPM %33.0929.54 - PBDT186.97128.85 45 PBT108.7858.36 86 NP88.4845.84 93

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Galaxy Bearings reports standalone net profit of Rs 0.67 crore in the September 2016 quarter
Oct 27,2016

Net profit of Galaxy Bearings reported to Rs 0.67 crore in the quarter ended September 2016 as against net loss of Rs 0.36 crore during the previous quarter ended September 2015. Sales rose 9.60% to Rs 9.70 crore in the quarter ended September 2016 as against Rs 8.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales9.708.85 10 OPM %16.805.76 - PBDT1.36-0.02 LP PBT1.02-0.37 LP NP0.67-0.36 LP

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Tata Elxsi standalone net profit rises 13.07% in the September 2016 quarter
Oct 27,2016

Net profit of Tata Elxsi rose 13.07% to Rs 43.08 crore in the quarter ended September 2016 as against Rs 38.10 crore during the previous quarter ended September 2015. Sales rose 15.03% to Rs 303.29 crore in the quarter ended September 2016 as against Rs 263.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales303.29263.66 15 OPM %24.5723.24 - PBDT71.4963.99 12 PBT65.0758.31 12 NP43.0838.10 13

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Murudeshwar Ceramics standalone net profit rises 139.13% in the September 2016 quarter
Oct 27,2016

Net profit of Murudeshwar Ceramics rose 139.13% to Rs 0.55 crore in the quarter ended September 2016 as against Rs 0.23 crore during the previous quarter ended September 2015. Sales declined 9.76% to Rs 23.86 crore in the quarter ended September 2016 as against Rs 26.44 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.8626.44 -10 OPM %29.0026.82 - PBDT2.442.10 16 PBT0.690.29 138 NP0.550.23 139

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Jenson & Nicholson (India) reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Oct 27,2016

Net Loss of Jenson & Nicholson (India) reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 1.93 crore during the previous quarter ended September 2015. Sales declined 89.93% to Rs 1.09 crore in the quarter ended September 2016 as against Rs 10.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.0910.82 -90 OPM %-0.92-15.16 - PBDT-0.01-1.64 99 PBT-0.06-1.93 97 NP-0.06-1.93 97

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Castrol India standalone net profit declines 2.37% in the September 2016 quarter
Oct 27,2016

Net profit of Castrol India declined 2.37% to Rs 139.80 crore in the quarter ended September 2016 as against Rs 143.20 crore during the previous quarter ended September 2015. Sales declined 2.84% to Rs 758.90 crore in the quarter ended September 2016 as against Rs 781.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales758.90781.10 -3 OPM %28.0527.64 - PBDT228.30230.70 -1 PBT217.60221.30 -2 NP139.80143.20 -2

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Dalmia Bharat Sugar & Industries reports standalone net profit of Rs 48.33 crore in the September 2016 quarter
Oct 27,2016

Net profit of Dalmia Bharat Sugar & Industries reported to Rs 48.33 crore in the quarter ended September 2016 as against net loss of Rs 5.13 crore during the previous quarter ended September 2015. Sales rose 57.96% to Rs 417.62 crore in the quarter ended September 2016 as against Rs 264.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales417.62264.38 58 OPM %19.487.61 - PBDT62.025.75 979 PBT48.33-5.95 LP NP48.33-5.13 LP

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Force Motors standalone net profit rises 17.72% in the September 2016 quarter
Oct 27,2016

Net profit of Force Motors rose 17.72% to Rs 50.28 crore in the quarter ended September 2016 as against Rs 42.71 crore during the previous quarter ended September 2015. Sales rose 12.20% to Rs 841.89 crore in the quarter ended September 2016 as against Rs 750.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales841.89750.36 12 OPM %8.918.70 - PBDT93.3081.18 15 PBT67.0559.47 13 NP50.2842.71 18

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Bajaj Finserv consolidated net profit rises 30.52% in the September 2016 quarter
Oct 27,2016

Net profit of Bajaj Finserv rose 30.52% to Rs 575.75 crore in the quarter ended September 2016 as against Rs 441.13 crore during the previous quarter ended September 2015. Sales rose 34.89% to Rs 2999.67 crore in the quarter ended September 2016 as against Rs 2223.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2999.672223.80 35 OPM %73.1171.94 - PBDT1250.73910.78 37 PBT1232.62897.78 37 NP575.75441.13 31

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