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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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Frontline Securities standalone net profit declines 14.77% in the September 2016 quarter
Oct 31,2016

Net profit of Frontline Securities declined 14.77% to Rs 1.27 crore in the quarter ended September 2016 as against Rs 1.49 crore during the previous quarter ended September 2015. Sales declined 7.95% to Rs 1.62 crore in the quarter ended September 2016 as against Rs 1.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.621.76 -8 OPM %89.5193.75 - PBDT1.451.65 -12 PBT1.441.64 -12 NP1.271.49 -15

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Basant Agro Tech (India) standalone net profit rises 20.83% in the September 2016 quarter
Oct 31,2016

Net profit of Basant Agro Tech (India) rose 20.83% to Rs 0.29 crore in the quarter ended September 2016 as against Rs 0.24 crore during the previous quarter ended September 2015. Sales declined 17.81% to Rs 57.19 crore in the quarter ended September 2016 as against Rs 69.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales57.1969.58 -18 OPM %7.556.47 - PBDT1.521.51 1 PBT0.390.29 34 NP0.290.24 21

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Ind-Agiv Commerce reports standalone net loss of Rs 0.40 crore in the September 2016 quarter
Oct 31,2016

Net Loss of Ind-Agiv Commerce reported to Rs 0.40 crore in the quarter ended September 2016 as against net loss of Rs 0.30 crore during the previous quarter ended September 2015. Sales declined 12.08% to Rs 1.31 crore in the quarter ended September 2016 as against Rs 1.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.311.49 -12 OPM %-26.72-22.82 - PBDT-0.40-0.30 -33 PBT-0.40-0.30 -33 NP-0.40-0.30 -33

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MCS reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Oct 31,2016

Net loss of MCS reported to Rs 0.05 crore in the quarter ended September 2016 as against net profit of Rs 0.07 crore during the previous quarter ended September 2015. Sales declined 92.59% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.27 -93 OPM %-150.0025.93 - PBDT-0.040.07 PL PBT-0.050.07 PL NP-0.050.07 PL

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Rama Pulp & Papers standalone net profit rises 3.90% in the September 2016 quarter
Oct 31,2016

Net profit of Rama Pulp & Papers rose 3.90% to Rs 0.80 crore in the quarter ended September 2016 as against Rs 0.77 crore during the previous quarter ended September 2015. Sales rose 7.85% to Rs 26.53 crore in the quarter ended September 2016 as against Rs 24.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales26.5324.60 8 OPM %5.546.71 - PBDT1.341.34 0 PBT1.051.07 -2 NP0.800.77 4

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Oracle Financial Services Software announces resignation of director
Oct 28,2016

Oracle Financial Services Software announced that Samantha Wellington, Non-Executive Non-Independent Director of the Company, has tendered her resignation with effect from close of business hours of 28 October 2016.

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Heritage Foods signs agreement to acquire Dairy business of Reliance Retail
Oct 28,2016

Heritage Foods has executed binding agreement to acquire the Dairy Business of Reliance Retail through slump sale. Post the transaction, Reliance Retail will continue to trade in dairy products including Heritage Dairy products through its retail and wholesale channels.

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Tata Chemicals gets revision in credit rating
Oct 28,2016

Tata Chemicals announced that Brickwork Ratings has placed the earlier rating of BWR AA+ (Outlook: Stable) to BWR AA+ under n++watch with developing implicationsn++ to the Companys unsecured NCD issue of Rs. 250 crore.

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Board of Reliance Capital approves scheme of arrangement
Oct 28,2016

Reliance Capital announced that the Board of Directors at its meeting held on 28 October 2016, has approved a Scheme of Arrangement for demerger of Real Estate Lending Business of the Company into its wholly owned subsidiary viz. Reliance Home Finance subject to requisite approvals.

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Marico consolidated net profit rises 18.05% in the September 2016 quarter
Oct 28,2016

Net profit of Marico rose 18.05% to Rs 180.56 crore in the quarter ended September 2016 as against Rs 152.95 crore during the previous quarter ended September 2015. Sales declined 0.88% to Rs 1439.03 crore in the quarter ended September 2016 as against Rs 1451.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1439.031451.76 -1 OPM %17.5815.77 - PBDT275.69242.69 14 PBT254.76220.59 15 NP180.56152.95 18

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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
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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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