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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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Board of Manali Petrochemicals approves change in directorate
May 16,2017

Manali Petrochemicals announced that the Board of Directors of the Company at the meeting held on 16 May 2017 has appointed C Subash Chandra Bose (DIN: 06586982) as an Additional Director and Wholetime Director (Works) with effect from 28 May 2017, in the place of G Balasubramanian (DIN: 06874838), who will retire effective close of work on 27 May 2017.

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Kabra Extrusion Technik appoints directors
May 16,2017

Kabra Extrusion Technik announced the appointment of Ekta A. Kabra and Boman Moradian as directors of the Company on 16 May 2017.

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Melstar Information Technologies director resigns
May 16,2017

Melstar Information Technologies announced the resignation of VijayKumar Himatlal Modi from the post of Director of the Company with effect from 15 May 2017.

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Agarwal Industrial Corporation commissions its expansion project at Dighi Port
May 16,2017

Agarwal Industrial Corporation announced the commissioning of its major expansion project constructed with latest state of art technology being first at Dighi Port in Raigad District of Maharashtra and acquiring bulk bitumen storage facilities at Kakinada Port in Andhra Pradesh and Haldia Port in West Bengal having huge storage capacity for facilitating handling of large quantities of imports of bitumen.

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Whirlpool of India to pay dividend
May 16,2017

Whirlpool of India announced that dividend, if approved by the shareholders, will be paid on or before 17 October 2017.

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Rane (Madras) fixes record date for final dividend
May 16,2017

Rane (Madras) has fixed 17 August 2017 as record date for payment of final dividend. The dividend will be paid on 31 August 2017.

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Chemfab Alkalis fixes record date for scheme of amalgamation
May 16,2017

Chemfab Alkalis announced that the Record date for determining the eligible shareholders of the merged entity viz., Chemfab Alkalis for allotment of shares of the Company, on the basis of the swap ratio ( 10 Equity Share of Rs.10/- each in Teamec Chlorates credited as fully paid up for every 7 Equity Shares of Rs. 5 each fully paid up and held by such member in the merged entity Chemfab Alkalis) as per the Scheme of Amalgamation approved by NCLT has been fixed as Friday, the 26 May 2017.

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TCFC Finance reports standalone net loss of Rs 9.86 crore in the March 2017 quarter
May 16,2017

Net loss of TCFC Finance reported to Rs 9.86 crore in the quarter ended March 2017 as against net profit of Rs 1.51 crore during the previous quarter ended March 2016. Sales declined 87.38% to Rs 7.47 crore in the quarter ended March 2017 as against Rs 59.17 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 7.09 crore in the year ended March 2017 as against net profit of Rs 3.43 crore during the previous year ended March 2016. Sales declined 55.92% to Rs 86.50 crore in the year ended March 2017 as against Rs 196.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales7.4759.17 -87 86.50196.23 -56 OPM %18.342.99 -5.432.06 - PBDT1.371.85 -26 4.704.12 14 PBT1.361.84 -26 4.674.08 14 NP-9.861.51 PL -7.093.43 PL

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Andhra Bank standalone net profit declines 31.90% in the March 2017 quarter
May 16,2017

Net profit of Andhra Bank declined 31.90% to Rs 35.14 crore in the quarter ended March 2017 as against Rs 51.60 crore during the previous quarter ended March 2016. Total Operating Income rose 2.63% to Rs 4774.09 crore in the quarter ended March 2017 as against Rs 4651.53 crore during the previous quarter ended March 2016.

For the full year,net profit declined 67.70% to Rs 174.35 crore in the year ended March 2017 as against Rs 539.84 crore during the previous year ended March 2016. Total Operating Income rose 2.23% to Rs 18027.42 crore in the year ended March 2017 as against Rs 17634.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Total Operating Income4774.094651.53 3 18027.4217634.68 2 OPM %53.9160.83 -58.5066.65 - PBDT135.14150.79 -10 359.351004.03 -64 PBT135.14150.79 -10 359.351004.03 -64 NP35.1451.60 -32 174.35539.84 -68

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RMG Alloy Steel reports standalone net loss of Rs 16.87 crore in the March 2017 quarter
May 16,2017

Net Loss of RMG Alloy Steel reported to Rs 16.87 crore in the quarter ended March 2017 as against net loss of Rs 10.71 crore during the previous quarter ended March 2016. Sales declined 13.95% to Rs 51.01 crore in the quarter ended March 2017 as against Rs 59.28 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 58.52 crore in the year ended March 2017 as against net loss of Rs 60.07 crore during the previous year ended March 2016. Sales declined 12.59% to Rs 234.41 crore in the year ended March 2017 as against Rs 268.16 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales51.0159.28 -14 234.41268.16 -13 OPM %-9.16-8.00 --6.69-4.81 - PBDT-15.27-14.54 -5 -54.43-56.65 4 PBT-16.87-12.46 -35 -61.02-63.28 4 NP-16.87-10.71 -58 -58.52-60.07 3

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Insilco standalone net profit declines 61.90% in the March 2017 quarter
May 16,2017

Net profit of Insilco declined 61.90% to Rs 1.20 crore in the quarter ended March 2017 as against Rs 3.15 crore during the previous quarter ended March 2016. Sales rose 5.40% to Rs 24.61 crore in the quarter ended March 2017 as against Rs 23.35 crore during the previous quarter ended March 2016.

For the full year,net profit declined 33.11% to Rs 0.99 crore in the year ended March 2017 as against Rs 1.48 crore during the previous year ended March 2016. Sales rose 19.32% to Rs 86.96 crore in the year ended March 2017 as against Rs 72.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales24.6123.35 5 86.9672.88 19 OPM %3.9413.96 -1.021.02 - PBDT2.683.73 -28 4.133.21 29 PBT2.283.41 -33 2.071.88 10 NP1.203.15 -62 0.991.48 -33

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Twenty First Century Printers standalone net profit declines 41.72% in the March 2017 quarter
May 16,2017

Net profit of Twenty First Century Printers declined 41.72% to Rs 5.49 crore in the quarter ended March 2017 as against Rs 9.42 crore during the previous quarter ended March 2016. Sales declined 9.18% to Rs 139.81 crore in the quarter ended March 2017 as against Rs 153.94 crore during the previous quarter ended March 2016.

For the full year,net profit declined 13.24% to Rs 33.21 crore in the year ended March 2017 as against Rs 38.28 crore during the previous year ended March 2016. Sales rose 2.59% to Rs 595.96 crore in the year ended March 2017 as against Rs 580.91 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales139.81153.94 -9 595.96580.91 3 OPM %13.1916.74 -16.4117.31 - PBDT12.5021.39 -42 76.4080.41 -5 PBT4.8114.07 -66 47.3155.23 -14 NP5.499.42 -42 33.2138.28 -13

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Vardhman Holdings standalone net profit rises 578.08% in the March 2017 quarter
May 16,2017

Net profit of Vardhman Holdings rose 578.08% to Rs 169.79 crore in the quarter ended March 2017 as against Rs 25.04 crore during the previous quarter ended March 2016. Sales rose 550.32% to Rs 173.05 crore in the quarter ended March 2017 as against Rs 26.61 crore during the previous quarter ended March 2016.

For the full year,net profit rose 277.10% to Rs 181.65 crore in the year ended March 2017 as against Rs 48.17 crore during the previous year ended March 2016. Sales rose 260.61% to Rs 186.94 crore in the year ended March 2017 as against Rs 51.84 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales173.0526.61 550 186.9451.84 261 OPM %99.2893.87 -98.6593.07 - PBDT172.9625.18 587 187.9849.50 280 PBT172.9525.17 587 187.9449.46 280 NP169.7925.04 578 181.6548.17 277

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Standard Industries reports standalone net loss of Rs 10.23 crore in the March 2017 quarter
May 16,2017

Net Loss of Standard Industries reported to Rs 10.23 crore in the quarter ended March 2017 as against net loss of Rs 3.96 crore during the previous quarter ended March 2016. Sales rose 41.18% to Rs 2.16 crore in the quarter ended March 2017 as against Rs 1.53 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 19.81 crore in the year ended March 2017 as against net loss of Rs 11.40 crore during the previous year ended March 2016. Sales rose 16.67% to Rs 7.35 crore in the year ended March 2017 as against Rs 6.30 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.161.53 41 7.356.30 17 OPM %-459.26-261.44 --268.44-215.87 - PBDT-10.07-3.66 -175 -19.12-10.21 -87 PBT-10.23-3.96 -158 -19.95-11.40 -75 NP-10.23-3.96 -158 -19.81-11.40 -74

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Orient Paper & Industries standalone net profit rises 3.53% in the March 2017 quarter
May 16,2017

Net profit of Orient Paper & Industries rose 3.53% to Rs 48.38 crore in the quarter ended March 2017 as against Rs 46.73 crore during the previous quarter ended March 2016. Sales rose 8.09% to Rs 676.35 crore in the quarter ended March 2017 as against Rs 625.71 crore during the previous quarter ended March 2016.

For the full year,net profit rose 140.68% to Rs 50.59 crore in the year ended March 2017 as against Rs 21.02 crore during the previous year ended March 2016. Sales rose 3.13% to Rs 1838.21 crore in the year ended March 2017 as against Rs 1782.36 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales676.35625.71 8 1838.211782.36 3 OPM %11.2911.91 -7.095.58 - PBDT75.8769.15 10 111.3165.66 70 PBT64.9858.30 11 67.5321.35 216 NP48.3846.73 4 50.5921.02 141

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