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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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GCCL Infrastructure & Projects reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Oct 28,2016

Net loss of GCCL Infrastructure & Projects reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.06 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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GCCL Infrastructure & Projects reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Oct 28,2016

Net loss of GCCL Infrastructure & Projects reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.06 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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GIC Housing Finance standalone net profit rises 15.37% in the September 2016 quarter
Oct 28,2016

Net profit of GIC Housing Finance rose 15.37% to Rs 34.37 crore in the quarter ended September 2016 as against Rs 29.79 crore during the previous quarter ended September 2015. Sales rose 14.66% to Rs 246.96 crore in the quarter ended September 2016 as against Rs 215.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales246.96215.38 15 OPM %89.6190.64 - PBDT53.5845.93 17 PBT53.4045.74 17 NP34.3729.79 15

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GIC Housing Finance standalone net profit rises 15.37% in the September 2016 quarter
Oct 28,2016

Net profit of GIC Housing Finance rose 15.37% to Rs 34.37 crore in the quarter ended September 2016 as against Rs 29.79 crore during the previous quarter ended September 2015. Sales rose 14.66% to Rs 246.96 crore in the quarter ended September 2016 as against Rs 215.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales246.96215.38 15 OPM %89.6190.64 - PBDT53.5845.93 17 PBT53.4045.74 17 NP34.3729.79 15

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Bharat Immunological & Biological Corporation reports standalone net profit of Rs 1.55 crore in the September 2016 quarter
Oct 28,2016

Net profit of Bharat Immunological & Biological Corporation reported to Rs 1.55 crore in the quarter ended September 2016 as against net loss of Rs 3.71 crore during the previous quarter ended September 2015. Sales declined 17.90% to Rs 11.01 crore in the quarter ended September 2016 as against Rs 13.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.0113.41 -18 OPM %22.16-28.04 - PBDT2.58-3.56 LP PBT2.47-3.85 LP NP1.55-3.71 LP

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Bharat Immunological & Biological Corporation reports standalone net profit of Rs 1.55 crore in the September 2016 quarter
Oct 28,2016

Net profit of Bharat Immunological & Biological Corporation reported to Rs 1.55 crore in the quarter ended September 2016 as against net loss of Rs 3.71 crore during the previous quarter ended September 2015. Sales declined 17.90% to Rs 11.01 crore in the quarter ended September 2016 as against Rs 13.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.0113.41 -18 OPM %22.16-28.04 - PBDT2.58-3.56 LP PBT2.47-3.85 LP NP1.55-3.71 LP

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Bajaj Holdings & Investment consolidated net profit rises 22.92% in the September 2016 quarter
Oct 28,2016

Net profit of Bajaj Holdings & Investment rose 22.92% to Rs 697.92 crore in the quarter ended September 2016 as against Rs 567.79 crore during the previous quarter ended September 2015. Sales rose 140.45% to Rs 264.49 crore in the quarter ended September 2016 as against Rs 110.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales264.49110.00 140 OPM %64.8091.48 - PBDT178.90101.71 76 PBT177.56100.35 77 NP697.92567.79 23

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Carborundum Universal standalone net profit declines 35.36% in the September 2016 quarter
Oct 28,2016

Net profit of Carborundum Universal declined 35.36% to Rs 26.01 crore in the quarter ended September 2016 as against Rs 40.24 crore during the previous quarter ended September 2015. Sales rose 8.64% to Rs 351.03 crore in the quarter ended September 2016 as against Rs 323.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales351.03323.12 9 OPM %16.1615.19 - PBDT55.1870.06 -21 PBT38.3754.73 -30 NP26.0140.24 -35

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Dish TV India consolidated net profit declines 19.41% in the September 2016 quarter
Oct 28,2016

Net profit of Dish TV India declined 19.41% to Rs 70.08 crore in the quarter ended September 2016 as against Rs 86.96 crore during the previous quarter ended September 2015. Sales rose 3.50% to Rs 776.28 crore in the quarter ended September 2016 as against Rs 750.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales776.28750.00 4 OPM %34.0434.00 - PBDT219.92219.99 0 PBT56.4586.96 -35 NP70.0886.96 -19

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Westlife Development reports consolidated net loss of Rs 3.31 crore in the September 2016 quarter
Oct 28,2016

Net loss of Westlife Development reported to Rs 3.31 crore in the quarter ended September 2016 as against net profit of Rs 14.00 crore during the previous quarter ended September 2015. Sales rose 14.79% to Rs 231.29 crore in the quarter ended September 2016 as against Rs 201.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales231.29201.49 15 OPM %5.093.89 - PBDT12.095.27 129 PBT-3.31-9.38 65 NP-3.3114.00 PL

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Colgate-Palmolive (India) standalone net profit rises 15.59% in the September 2016 quarter
Oct 28,2016

Net profit of Colgate-Palmolive (India) rose 15.59% to Rs 181.31 crore in the quarter ended September 2016 as against Rs 156.85 crore during the previous quarter ended September 2015. Sales rose 9.41% to Rs 1048.32 crore in the quarter ended September 2016 as against Rs 958.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1048.32958.13 9 OPM %26.2126.54 - PBDT286.04264.96 8 PBT252.74238.04 6 NP181.31156.85 16

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Natural Capsules standalone net profit declines 85.81% in the September 2016 quarter
Oct 28,2016

Net profit of Natural Capsules declined 85.81% to Rs 0.22 crore in the quarter ended September 2016 as against Rs 1.55 crore during the previous quarter ended September 2015. Sales declined 20.80% to Rs 12.60 crore in the quarter ended September 2016 as against Rs 15.91 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.6015.91 -21 OPM %11.1119.55 - PBDT1.393.18 -56 PBT0.212.16 -90 NP0.221.55 -86

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Kewal Kiran Clothing standalone net profit rises 22.35% in the September 2016 quarter
Oct 28,2016

Net profit of Kewal Kiran Clothing rose 22.35% to Rs 29.51 crore in the quarter ended September 2016 as against Rs 24.12 crore during the previous quarter ended September 2015. Sales rose 9.10% to Rs 153.89 crore in the quarter ended September 2016 as against Rs 141.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales153.89141.05 9 OPM %23.9626.69 - PBDT42.8937.25 15 PBT41.7036.21 15 NP29.5124.12 22

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Dish TV India standalone net profit declines 52.11% in the September 2016 quarter
Oct 28,2016

Net profit of Dish TV India declined 52.11% to Rs 51.20 crore in the quarter ended September 2016 as against Rs 106.92 crore during the previous quarter ended September 2015. Sales declined 14.43% to Rs 511.73 crore in the quarter ended September 2016 as against Rs 598.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales511.73598.02 -14 OPM %21.4920.72 - PBDT97.29121.26 -20 PBT78.40106.92 -27 NP51.20106.92 -52

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NTPC standalone net profit declines 17.87% in the September 2016 quarter
Oct 28,2016

Net profit of NTPC declined 17.87% to Rs 2495.97 crore in the quarter ended September 2016 as against Rs 3039.23 crore during the previous quarter ended September 2015. Sales rose 8.41% to Rs 19241.47 crore in the quarter ended September 2016 as against Rs 17748.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales19241.4717748.23 8 OPM %28.0223.19 - PBDT4692.173601.40 30 PBT3258.022312.68 41 NP2495.973039.23 -18

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