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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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Kunststoffe Industries reports standalone net profit of Rs 0.10 crore in the December 2016 quarter
Jan 30,2017

Net profit of Kunststoffe Industries reported to Rs 0.10 crore in the quarter ended December 2016 as against net loss of Rs 0.05 crore during the previous quarter ended December 2015. Sales rose 33.33% to Rs 0.72 crore in the quarter ended December 2016 as against Rs 0.54 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.720.54 33 OPM %43.0642.59 - PBDT0.310.23 35 PBT0.10-0.05 LP NP0.10-0.05 LP

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Mahindra Lifespace Developers standalone net profit declines 36.30% in the December 2016 quarter
Jan 30,2017

Net profit of Mahindra Lifespace Developers declined 36.30% to Rs 15.81 crore in the quarter ended December 2016 as against Rs 24.82 crore during the previous quarter ended December 2015. Sales rose 18.27% to Rs 197.21 crore in the quarter ended December 2016 as against Rs 166.74 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales197.21166.74 18 OPM %7.8017.24 - PBDT26.3438.24 -31 PBT25.2637.30 -32 NP15.8124.82 -36

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PNB Gilts standalone net profit rises 606.97% in the December 2016 quarter
Jan 30,2017

Net profit of PNB Gilts rose 606.97% to Rs 65.89 crore in the quarter ended December 2016 as against Rs 9.32 crore during the previous quarter ended December 2015. Sales rose 84.47% to Rs 166.15 crore in the quarter ended December 2016 as against Rs 90.07 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales166.1590.07 84 OPM %97.3896.41 - PBDT100.5414.04 616 PBT100.4513.91 622 NP65.899.32 607

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Gogia Capital Services standalone net profit rises 600.00% in the December 2016 quarter
Jan 30,2017

Net profit of Gogia Capital Services rose 600.00% to Rs 0.28 crore in the quarter ended December 2016 as against Rs 0.04 crore during the previous quarter ended December 2015. Sales rose 25.00% to Rs 0.70 crore in the quarter ended December 2016 as against Rs 0.56 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.700.56 25 OPM %57.1451.79 - PBDT0.380.10 280 PBT0.330.05 560 NP0.280.04 600

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Intercorp Industries reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Jan 30,2017

Net loss of Intercorp Industries reported to Rs 0.01 crore in the quarter ended December 2016 as against net profit of Rs 0.01 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

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Samkrg Pistons & Rings standalone net profit rises 4.54% in the December 2016 quarter
Jan 30,2017

Net profit of Samkrg Pistons & Rings rose 4.54% to Rs 4.61 crore in the quarter ended December 2016 as against Rs 4.41 crore during the previous quarter ended December 2015. Sales declined 6.65% to Rs 56.03 crore in the quarter ended December 2016 as against Rs 60.02 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales56.0360.02 -7 OPM %17.6715.46 - PBDT9.759.01 8 PBT6.266.01 4 NP4.614.41 5

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Transwarranty Finance reports consolidated net loss of Rs 0.02 crore in the December 2016 quarter
Jan 30,2017

Net loss of Transwarranty Finance reported to Rs 0.02 crore in the quarter ended December 2016 as against net profit of Rs 0.72 crore during the previous quarter ended December 2015. Sales declined 5.29% to Rs 3.94 crore in the quarter ended December 2016 as against Rs 4.16 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.944.16 -5 OPM %10.6626.68 - PBDT0.060.91 -93 PBT-0.010.81 PL NP-0.020.72 PL

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Godrej Consumer Products consolidated net profit declines 4.34% in the December 2016 quarter
Jan 30,2017

Net profit of Godrej Consumer Products declined 4.34% to Rs 351.78 crore in the quarter ended December 2016 as against Rs 367.75 crore during the previous quarter ended December 2015. Sales rose 8.85% to Rs 2391.64 crore in the quarter ended December 2016 as against Rs 2197.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2391.642197.13 9 OPM %21.6120.69 - PBDT483.69452.54 7 PBT447.43426.80 5 NP351.78367.75 -4

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Snowman Logistics signs MoU with Government of Andhra Pradesh
Jan 30,2017

Snowman Logistics has signed a Memorandum of Understanding with the Government of Andhra Pradesh on 28 January 2017 at the 2nd Sunrise Andhra Pradesh Investment Meet & 23rd edition of CII Partnership Summit in connection with setting up of a temperature controlled warehouse at Sri City, a special economic zone located in Chittoor District, Andhra Pradesh involving an investment of approximately Rs 30 crore.

Snowman plans to build a 10,000 pallet position multi-temperature cold storage in phased manner, starting with 5,000 pallet positions in Phase-I. The project will be financed mostly from internal accruals. The facility is expected to cater to the existing and upcoming food processing unit in the area.

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Crest Ventures consolidated net profit rises 118.78% in the December 2016 quarter
Jan 30,2017

Net profit of Crest Ventures rose 118.78% to Rs 9.67 crore in the quarter ended December 2016 as against Rs 4.42 crore during the previous quarter ended December 2015. Sales rose 26.68% to Rs 9.59 crore in the quarter ended December 2016 as against Rs 7.57 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales9.597.57 27 OPM %26.075.55 - PBDT2.29-1.73 LP PBT2.10-1.96 LP NP9.674.42 119

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Sintex Industries allots 36,59,195 equity shares
Jan 30,2017

Sintex Industries announced that pursuant to approval of the allotment of FCCBs due 2022 for USD 110 million in meeting of the FCCB Committee the Board of Directors of the Company held on 25 May 2016, the FCCB Committee the Board of Directors at its meeting held on 30 January 2017 has allotted 36,59,195 Equity shares of Re. 1/- each to Foreign Currency Convertible Bonds (FCCB) holders on the exercise of their conversion right.

With the said allotment of 36,59,195 Equity Shares of Re. 1/- each of the Company aforesaid, the paid up equity share capital of the Company as on 30 January 2017 stands increased from Rs. 52,34,72,621/- to Rs. 52,71,31,816/- divided into 52,71,31,81 Equity shares of Re. 1/- each.

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Zensar Technologies announces launch of eSupport Mobile App
Jan 30,2017

Zensar Technologies announced the launch of its esupport Mobile App, a fully integrated mobile support solution that provides comprehensive case management, field engineering and technical support. The intuitive new mobile app enables users of Zensars esupport Web portal to access world-class support functionality with the ease and agility of a truly digital experience anytime, anywhere and anyplace.

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Relicab Cable Manufacturing announces resignation of company secretary and compliance officer
Jan 30,2017

Relicab Cable Manufacturing announced that on 30 January 2017, the Company has received a letter from Tejendra Jadeja, tendering his resignation from the post of Whole-time Company Secretary and Compliance officer (KMP) of the Company, with effect from 18 February 2017.

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Mystic Electronics appoints company secretary and compliance officer
Jan 30,2017

Mystic Electronics announced that pursuant to section 203 of the Companies Act, 2013 and Regulation 6(1) of the SEBI (LODR) 2015, Manisha Swami is been appointed as Company Secretary and Compliance Officer of the Company with effect from 27 January 2017.

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Thirani Projects appoints director
Jan 30,2017

Thirani Projects announced that the Board have appointed Sudarson Kayori as Additional Independent Director to hold office as such w.e.f. 30 January 2017 till the conclusion of ensuing Annual General Meeting.

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