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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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Mahindra Lifespace Developers consolidated net profit rises 426.51% in the September 2016 quarter
Oct 27,2016

Net profit of Mahindra Lifespace Developers rose 426.51% to Rs 32.17 crore in the quarter ended September 2016 as against Rs 6.11 crore during the previous quarter ended September 2015. Sales declined 9.67% to Rs 125.48 crore in the quarter ended September 2016 as against Rs 138.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales125.48138.91 -10 OPM %12.1719.93 - PBDT29.3443.33 -32 PBT28.1842.34 -33 NP32.176.11 427

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Tech Mahindra consolidated net profit declines 17.55% in the September 2016 quarter
Oct 27,2016

Net profit of Tech Mahindra declined 17.55% to Rs 643.40 crore in the quarter ended September 2016 as against Rs 780.36 crore during the previous quarter ended September 2015. Sales rose 8.34% to Rs 7167.41 crore in the quarter ended September 2016 as against Rs 6615.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales7167.416615.54 8 OPM %14.9316.43 - PBDT1174.311167.00 1 PBT929.56970.50 -4 NP643.40780.36 -18

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PVR consolidated net profit declines 4.93% in the September 2016 quarter
Oct 27,2016

Net profit of PVR declined 4.93% to Rs 29.13 crore in the quarter ended September 2016 as against Rs 30.64 crore during the previous quarter ended September 2015. Sales rose 16.26% to Rs 541.01 crore in the quarter ended September 2016 as against Rs 465.33 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales541.01465.33 16 OPM %17.2018.80 - PBDT78.5678.29 0 PBT44.0051.03 -14 NP29.1330.64 -5

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JSW Steel consolidated net profit rises 1191.25% in the September 2016 quarter
Oct 27,2016

Net profit of JSW Steel rose 1191.25% to Rs 726.46 crore in the quarter ended September 2016 as against Rs 56.26 crore during the previous quarter ended September 2015. Sales rose 22.03% to Rs 12986.63 crore in the quarter ended September 2016 as against Rs 10641.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12986.6310641.86 22 OPM %22.7816.85 - PBDT2023.55904.51 124 PBT1132.0372.48 1462 NP726.4656.26 1191

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Sterlite Technologies consolidated net profit rises 38.80% in the September 2016 quarter
Oct 27,2016

Net profit of Sterlite Technologies rose 38.80% to Rs 50.83 crore in the quarter ended September 2016 as against Rs 36.62 crore during the previous quarter ended September 2015. Sales declined 4.10% to Rs 539.83 crore in the quarter ended September 2016 as against Rs 562.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales539.83562.89 -4 OPM %18.8420.02 - PBDT72.7886.52 -16 PBT35.0159.69 -41 NP50.8336.62 39

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Suryaamba Spinning Mills standalone net profit rises 135.29% in the September 2016 quarter
Oct 27,2016

Net profit of Suryaamba Spinning Mills rose 135.29% to Rs 1.20 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015. Sales declined 10.88% to Rs 37.20 crore in the quarter ended September 2016 as against Rs 41.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales37.2041.74 -11 OPM %6.104.55 - PBDT2.201.36 62 PBT1.200.51 135 NP1.200.51 135

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Dishman Pharmaceuticals and Chemicals standalone net profit declines 2.88% in the September 2016 quarter
Oct 27,2016

Net profit of Dishman Pharmaceuticals and Chemicals declined 2.88% to Rs 37.75 crore in the quarter ended September 2016 as against Rs 38.87 crore during the previous quarter ended September 2015. Sales rose 11.65% to Rs 112.96 crore in the quarter ended September 2016 as against Rs 101.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales112.96101.17 12 OPM %38.1530.34 - PBDT58.5961.51 -5 PBT47.1150.57 -7 NP37.7538.87 -3

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Info Edge (India) standalone net profit rises 159.88% in the September 2016 quarter
Oct 27,2016

Net profit of Info Edge (India) rose 159.88% to Rs 80.07 crore in the quarter ended September 2016 as against Rs 30.81 crore during the previous quarter ended September 2015. Sales rose 20.69% to Rs 210.00 crore in the quarter ended September 2016 as against Rs 174.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales210.00174.00 21 OPM %33.0916.48 - PBDT71.2847.54 50 PBT65.1242.49 53 NP80.0730.81 160

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Redington India standalone net profit rises 20.16% in the September 2016 quarter
Oct 27,2016

Net profit of Redington India rose 20.16% to Rs 60.68 crore in the quarter ended September 2016 as against Rs 50.50 crore during the previous quarter ended September 2015. Sales rose 14.73% to Rs 3576.71 crore in the quarter ended September 2016 as against Rs 3117.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3576.713117.63 15 OPM %2.372.68 - PBDT84.7675.08 13 PBT82.0972.63 13 NP60.6850.50 20

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Indian Oil Corporation reports standalone net profit of Rs 3121.89 crore in the September 2016 quarter
Oct 27,2016

Net profit of Indian Oil Corporation reported to Rs 3121.89 crore in the quarter ended September 2016 as against net loss of Rs 450.24 crore during the previous quarter ended September 2015. Sales declined 5.09% to Rs 80043.54 crore in the quarter ended September 2016 as against Rs 84334.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales80043.5484334.20 -5 OPM %7.210.79 - PBDT6011.68380.63 1479 PBT4506.87-767.68 LP NP3121.89-450.24 LP

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Cybertech Systems & Software standalone net profit rises 641.67% in the September 2016 quarter
Oct 27,2016

Net profit of Cybertech Systems & Software rose 641.67% to Rs 3.56 crore in the quarter ended September 2016 as against Rs 0.48 crore during the previous quarter ended September 2015. Sales rose 23.45% to Rs 12.74 crore in the quarter ended September 2016 as against Rs 10.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.7410.32 23 OPM %22.2911.63 - PBDT5.821.77 229 PBT4.780.92 420 NP3.560.48 642

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BNK Capital Markets standalone net profit declines 76.00% in the September 2016 quarter
Oct 27,2016

Net profit of BNK Capital Markets declined 76.00% to Rs 0.72 crore in the quarter ended September 2016 as against Rs 3.00 crore during the previous quarter ended September 2015. Sales rose 25.53% to Rs 0.59 crore in the quarter ended September 2016 as against Rs 0.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.590.47 26 OPM %37.2940.43 - PBDT0.813.07 -74 PBT0.763.01 -75 NP0.723.00 -76

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Modern Shares & Stockbrokers standalone net profit rises 50.00% in the September 2016 quarter
Oct 27,2016

Net profit of Modern Shares & Stockbrokers rose 50.00% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.08 crore during the previous quarter ended September 2015. Sales declined 3.08% to Rs 0.63 crore in the quarter ended September 2016 as against Rs 0.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.630.65 -3 OPM %30.1620.00 - PBDT0.190.13 46 PBT0.180.12 50 NP0.120.08 50

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Vatsa Corporations reports standalone nil net profit/loss in the September 2016 quarter
Oct 27,2016

Vatsa Corporations 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 and during the previous quarter ended September 2015.

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KLRF standalone net profit rises 34.39% in the September 2016 quarter
Oct 27,2016

Net profit of KLRF rose 34.39% to Rs 2.11 crore in the quarter ended September 2016 as against Rs 1.57 crore during the previous quarter ended September 2015. Sales rose 10.74% to Rs 57.42 crore in the quarter ended September 2016 as against Rs 51.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales57.4251.85 11 OPM %8.509.05 - PBDT3.542.88 23 PBT2.902.29 27 NP2.111.57 34

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