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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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Jubilant Industries reports standalone net profit of Rs 1.30 crore in the September 2016 quarter
Oct 28,2016

Net profit of Jubilant Industries reported to Rs 1.30 crore in the quarter ended September 2016 as against net loss of Rs 0.45 crore during the previous quarter ended September 2015. Sales rose 29.01% to Rs 8.36 crore in the quarter ended September 2016 as against Rs 6.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.366.48 29 OPM %-2.870.31 - PBDT1.33-0.02 LP PBT1.30-0.05 LP NP1.30-0.45 LP

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Marico standalone net profit rises 37.88% in the September 2016 quarter
Oct 28,2016

Net profit of Marico rose 37.88% to Rs 179.13 crore in the quarter ended September 2016 as against Rs 129.92 crore during the previous quarter ended September 2015. Sales rose 0.39% to Rs 1156.96 crore in the quarter ended September 2016 as against Rs 1152.41 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1156.961152.41 0 OPM %16.8714.66 - PBDT253.43193.17 31 PBT239.15177.60 35 NP179.13129.92 38

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Grasim Industries standalone net profit rises 55.23% in the September 2016 quarter
Oct 28,2016

Net profit of Grasim Industries rose 55.23% to Rs 592.27 crore in the quarter ended September 2016 as against Rs 381.54 crore during the previous quarter ended September 2015. Sales rose 17.40% to Rs 2488.65 crore in the quarter ended September 2016 as against Rs 2119.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2488.652119.72 17 OPM %22.4417.01 - PBDT873.14551.02 58 PBT761.24450.38 69 NP592.27381.54 55

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Eicher Motors standalone net profit rises 54.19% in the September 2016 quarter
Oct 28,2016

Net profit of Eicher Motors rose 54.19% to Rs 396.16 crore in the quarter ended September 2016 as against Rs 256.93 crore during the previous quarter ended September 2015. Sales rose 35.73% to Rs 1756.08 crore in the quarter ended September 2016 as against Rs 1293.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1756.081293.77 36 OPM %31.4627.32 - PBDT618.10395.13 56 PBT582.33368.86 58 NP396.16256.93 54

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Bajaj Holdings & Investment standalone net profit declines 63.67% in the September 2016 quarter
Oct 28,2016

Net profit of Bajaj Holdings & Investment declined 63.67% to Rs 198.44 crore in the quarter ended September 2016 as against Rs 546.23 crore during the previous quarter ended September 2015. Sales declined 46.06% to Rs 310.46 crore in the quarter ended September 2016 as against Rs 575.54 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales310.46575.54 -46 OPM %70.2598.60 - PBDT222.23568.53 -61 PBT220.92567.21 -61 NP198.44546.23 -64

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Jubilant Industries consolidated net profit declines 58.80% in the September 2016 quarter
Oct 28,2016

Net profit of Jubilant Industries declined 58.80% to Rs 5.03 crore in the quarter ended September 2016 as against Rs 12.21 crore during the previous quarter ended September 2015. Sales declined 16.45% to Rs 136.06 crore in the quarter ended September 2016 as against Rs 162.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales136.06162.85 -16 OPM %9.046.62 - PBDT7.250.42 1626 PBT5.03-5.79 LP NP5.0312.21 -59

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DCM Shriram consolidated net profit rises 47.99% in the September 2016 quarter
Oct 28,2016

Net profit of DCM Shriram rose 47.99% to Rs 91.50 crore in the quarter ended September 2016 as against Rs 61.83 crore during the previous quarter ended September 2015. Sales declined 3.99% to Rs 1358.63 crore in the quarter ended September 2016 as against Rs 1415.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1358.631415.14 -4 OPM %8.957.55 - PBDT118.8092.22 29 PBT91.9066.80 38 NP91.5061.83 48

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Wonderla Holidays standalone net profit declines 75.23% in the September 2016 quarter
Oct 28,2016

Net profit of Wonderla Holidays declined 75.23% to Rs 2.96 crore in the quarter ended September 2016 as against Rs 11.95 crore during the previous quarter ended September 2015. Sales rose 16.22% to Rs 50.24 crore in the quarter ended September 2016 as against Rs 43.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.2443.23 16 OPM %20.3034.00 - PBDT11.5819.93 -42 PBT3.8916.00 -76 NP2.9611.95 -75

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Wonderla Holidays standalone net profit declines 75.23% in the September 2016 quarter
Oct 28,2016

Net profit of Wonderla Holidays declined 75.23% to Rs 2.96 crore in the quarter ended September 2016 as against Rs 11.95 crore during the previous quarter ended September 2015. Sales rose 16.22% to Rs 50.24 crore in the quarter ended September 2016 as against Rs 43.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales50.2443.23 16 OPM %20.3034.00 - PBDT11.5819.93 -42 PBT3.8916.00 -76 NP2.9611.95 -75

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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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