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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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Volumes jump at SKF India counter
Oct 28,2016

SKF India clocked volume of 1.50 lakh shares by 14:41 IST on BSE, a 372.88-times surge over two-week average daily volume of 403 shares. The stock shed 0.5% to Rs 1,407.95.

Noida Toll Bridge Company notched up volume of 51.22 lakh shares, a 68.73-fold surge over two-week average daily volume of 75,000 shares. The stock slumped 16.25% to Rs 14.95.

Gujarat Industries Power Company saw volume of 7.59 lakh shares, a 57.83-fold surge over two-week average daily volume of 13,000 shares. The stock rose 0.98% to Rs 92.55

Vishnu Chemicals clocked volume of 1.54 lakh shares, a 15.36-fold surge over two-week average daily volume of 10,000 shares. The stock surged 17.26% to Rs 341.

City Union Bank saw volume of 43.08 shares, a 12-fold rise over two-week average daily volume of 3.59 lakh shares. The stock rose 3.14% to Rs 149.25.

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Vedanta gains after decent Q2 results
Oct 28,2016

Meanwhile, the BSE Sensex was up 68.33 points, or 0.24%, to 27,984.23.

On BSE, so far 8.01 lakh shares were traded in the counter, compared with average daily volume of 10.65 lakh shares in the past one quarter. The stock hit a high of Rs 204.10 and a low of Rs 198.55 so far during the day. The stock hit a 52-week high of Rs 208 on 21 October 2016. The stock hit a 52-week low of Rs 58.10 on 12 February 2016. The stock had outperformed the market over the past 30 days till 27 October 2016, rising 14.14% compared with 1.33% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 21.11% as against Sensexs 0.48% decline.

The large-cap company has equity capital of Rs 296.47 crore. Face value per share is Re 1.

Vedantas consolidated attributable profit after tax before exceptional items rose 12% to Rs 1252 crore on 4% decline in net sales to Rs 15666 crore in Q2 September 2016 over Q2 September 2015.

Revenues declined in Q2 September 2016 over Q2 September 2015, on account of lower oil and copper prices, lower volumes at Zinc and Cairn India, partially offset by ramp-ups in volume from the Power business.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8% to Rs 4640 crore in Q2 September 2016 over Q2 September 2015. EBITDA rose on account of higher metal prices, improved cost efficiencies at aluminium business, lower discount to Brent, ramp up of volumes in the power business, partially offset by lower volumes from Zinc India as per the mine plans and lower oil prices.

EBITDA margin was reported at 39% in Q2 September 2016, higher than 34% in Q2 September 2015.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia and Ireland.

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Shriram City Union Finance standalone net profit rises 34.26% in the September 2016 quarter
Oct 28,2016

Net profit of Shriram City Union Finance rose 34.26% to Rs 204.49 crore in the quarter ended September 2016 as against Rs 152.31 crore during the previous quarter ended September 2015. Sales rose 17.96% to Rs 1115.29 crore in the quarter ended September 2016 as against Rs 945.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1115.29945.48 18 OPM %62.9361.94 - PBDT321.94241.63 33 PBT313.49232.12 35 NP204.49152.31 34

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Peoples Investment reports standalone nil net profit/loss in the September 2016 quarter
Oct 28,2016

Peoples Investment reported no net profit/loss in the quarter ended September 2016 and 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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IDFC reports standalone net profit of Rs 91.07 crore in the September 2016 quarter
Oct 28,2016

Net profit of IDFC reported to Rs 91.07 crore in the quarter ended September 2016 as against net loss of Rs 1411.38 crore during the previous quarter ended September 2015. Sales declined 95.49% to Rs 110.61 crore in the quarter ended September 2016 as against Rs 2452.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales110.612452.66 -95 OPM %95.8778.93 - PBDT103.58486.80 -79 PBT102.27479.64 -79 NP91.07-1411.38 LP

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Karur Vysya Bank standalone net profit declines 11.19% in the September 2016 quarter
Oct 28,2016

Net profit of Karur Vysya Bank declined 11.19% to Rs 126.31 crore in the quarter ended September 2016 as against Rs 142.22 crore during the previous quarter ended September 2015. Total Operating Income rose 2.08% to Rs 1392.92 crore in the quarter ended September 2016 as against Rs 1364.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Total Operating Income1392.921364.53 2 OPM %63.2169.66 - PBDT200.31229.22 -13 PBT200.31229.22 -13 NP126.31142.22 -11

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Parsharti Investment reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Oct 28,2016

Net profit of Parsharti Investment reported to Rs 0.01 crore in the quarter ended September 2016. There were no net profit/loss reported during the previous quarter ended September 2015. Sales declined 78.46% to Rs 0.14 crore in the quarter ended September 2016 as against Rs 0.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.140.65 -78 OPM %7.140 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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Uniphos Enterprises standalone net profit declines 6.11% in the September 2016 quarter
Oct 28,2016

Net profit of Uniphos Enterprises declined 6.11% to Rs 12.30 crore in the quarter ended September 2016 as against Rs 13.10 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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Empire Industries standalone net profit rises 54.86% in the September 2016 quarter
Oct 28,2016

Net profit of Empire Industries rose 54.86% to Rs 7.65 crore in the quarter ended September 2016 as against Rs 4.94 crore during the previous quarter ended September 2015. Sales declined 4.00% to Rs 55.51 crore in the quarter ended September 2016 as against Rs 57.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.5157.82 -4 OPM %26.3918.18 - PBDT13.709.12 50 PBT10.956.54 67 NP7.654.94 55

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Alfred Herbert (India) standalone net profit rises 6011.11% in the September 2016 quarter
Oct 28,2016

Net profit of Alfred Herbert (India) rose 6011.11% to Rs 16.50 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015. Sales rose 1.75% to Rs 0.58 crore in the quarter ended September 2016 as against Rs 0.57 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.580.57 2 OPM %13.7952.63 - PBDT0.080.30 -73 PBT0.060.28 -79 NP16.500.27 6011

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IDFC reports consolidated net profit of Rs 281.79 crore in the September 2016 quarter
Oct 28,2016

Net profit of IDFC reported to Rs 281.79 crore in the quarter ended September 2016 as against net loss of Rs 1468.83 crore during the previous quarter ended September 2015. Sales rose 8.37% to Rs 2698.48 crore in the quarter ended September 2016 as against Rs 2490.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2698.482490.11 8 OPM %85.5777.88 - PBDT694.18507.19 37 PBT658.69498.41 32 NP281.79-1468.83 LP

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Tulsi Extrusions reports standalone net loss of Rs 2.66 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Tulsi Extrusions reported to Rs 2.66 crore in the quarter ended September 2016 as against net loss of Rs 2.59 crore during the previous quarter ended September 2015. Sales rose 49.94% to Rs 11.80 crore in the quarter ended September 2016 as against Rs 7.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11.807.87 50 OPM %-6.27-15.37 - PBDT-1.00-1.41 29 PBT-2.69-3.16 15 NP-2.66-2.59 -3

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Cityman reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Cityman reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.11 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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J L Morison (India) reports standalone net loss of Rs 0.19 crore in the September 2016 quarter
Oct 28,2016

Net loss of J L Morison (India) reported to Rs 0.19 crore in the quarter ended September 2016 as against net profit of Rs 1.85 crore during the previous quarter ended September 2015. Sales declined 7.42% to Rs 22.46 crore in the quarter ended September 2016 as against Rs 24.26 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales22.4624.26 -7 OPM %-3.477.83 - PBDT0.042.77 -99 PBT-0.332.40 PL NP-0.191.85 PL

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WPIL standalone net profit rises 93.85% in the September 2016 quarter
Oct 28,2016

Net profit of WPIL rose 93.85% to Rs 3.78 crore in the quarter ended September 2016 as against Rs 1.95 crore during the previous quarter ended September 2015. Sales rose 44.62% to Rs 58.11 crore in the quarter ended September 2016 as against Rs 40.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales58.1140.18 45 OPM %10.0213.76 - PBDT5.913.68 61 PBT5.192.98 74 NP3.781.95 94

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