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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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JSW Energy reports standalone net loss of Rs 8.31 crore in the September 2016 quarter
Oct 26,2016

Net loss of JSW Energy reported to Rs 8.31 crore in the quarter ended September 2016 as against net profit of Rs 243.57 crore during the previous quarter ended September 2015. Sales declined 44.01% to Rs 776.66 crore in the quarter ended September 2016 as against Rs 1387.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales776.661387.24 -44 OPM %21.2733.90 - PBDT114.58420.87 -73 PBT22.76331.80 -93 NP-8.31243.57 PL

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R Systems International consolidated net profit declines 79.29% in the September 2016 quarter
Oct 26,2016

Net profit of R Systems International declined 79.29% to Rs 10.77 crore in the quarter ended September 2016 as against Rs 52.00 crore during the previous quarter ended September 2015. Sales rose 0.77% to Rs 144.11 crore in the quarter ended September 2016 as against Rs 143.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales144.11143.01 1 OPM %12.6212.43 - PBDT19.3619.26 1 PBT16.3816.57 -1 NP10.7752.00 -79

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Ajanta Pharma standalone net profit rises 27.42% in the September 2016 quarter
Oct 26,2016

Net profit of Ajanta Pharma rose 27.42% to Rs 120.95 crore in the quarter ended September 2016 as against Rs 94.92 crore during the previous quarter ended September 2015. Sales rose 18.94% to Rs 464.30 crore in the quarter ended September 2016 as against Rs 390.37 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales464.30390.37 19 OPM %36.3932.70 - PBDT175.04150.50 16 PBT161.59140.19 15 NP120.9594.92 27

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Maharashtra Scooters standalone net profit declines 81.93% in the September 2016 quarter
Oct 26,2016

Net profit of Maharashtra Scooters declined 81.93% to Rs 8.90 crore in the quarter ended September 2016 as against Rs 49.25 crore during the previous quarter ended September 2015. Sales declined 45.86% to Rs 1.44 crore in the quarter ended September 2016 as against Rs 2.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.442.66 -46 OPM %-113.19-105.26 - PBDT9.0349.44 -82 PBT8.9049.25 -82 NP8.9049.25 -82

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R Systems International standalone net profit declines 80.98% in the September 2016 quarter
Oct 26,2016

Net profit of R Systems International declined 80.98% to Rs 9.29 crore in the quarter ended September 2016 as against Rs 48.85 crore during the previous quarter ended September 2015. Sales rose 4.55% to Rs 65.47 crore in the quarter ended September 2016 as against Rs 62.62 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales65.4762.62 5 OPM %22.8318.56 - PBDT16.2413.23 23 PBT14.4211.36 27 NP9.2948.85 -81

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West Leisure Resorts reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Oct 26,2016

Net profit of West Leisure Resorts reported to Rs 0.01 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales declined 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.06 -50 OPM %33.33-16.67 - PBDT0.01-0.01 LP PBT0.01-0.01 LP NP0.01-0.02 LP

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Ajanta Pharma consolidated net profit rises 26.31% in the September 2016 quarter
Oct 26,2016

Net profit of Ajanta Pharma rose 26.31% to Rs 130.66 crore in the quarter ended September 2016 as against Rs 103.44 crore during the previous quarter ended September 2015. Sales rose 14.57% to Rs 502.38 crore in the quarter ended September 2016 as against Rs 438.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales502.38438.50 15 OPM %34.4835.10 - PBDT179.11159.01 13 PBT165.12148.04 12 NP130.66103.44 26

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Housing Development Finance Corporation consolidated net profit rises 16.13% in the September 2016 quarter
Oct 26,2016

Net profit of Housing Development Finance Corporation rose 16.13% to Rs 2446.21 crore in the quarter ended September 2016 as against Rs 2106.51 crore during the previous quarter ended September 2015. Sales rose 15.41% to Rs 13784.95 crore in the quarter ended September 2016 as against Rs 11944.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13784.9511944.00 15 OPM %60.3163.11 - PBDT2816.022463.74 14 PBT2789.072445.15 14 NP2446.212106.51 16

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Indoco Remedies standalone net profit rises 2.74% in the September 2016 quarter
Oct 26,2016

Net profit of Indoco Remedies rose 2.74% to Rs 22.13 crore in the quarter ended September 2016 as against Rs 21.54 crore during the previous quarter ended September 2015. Sales rose 11.12% to Rs 276.39 crore in the quarter ended September 2016 as against Rs 248.72 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales276.39248.72 11 OPM %15.1817.97 - PBDT41.4042.31 -2 PBT24.7227.42 -10 NP22.1321.54 3

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TRC Financial Services reports standalone net profit of Rs 0.02 crore in the September 2016 quarter
Oct 26,2016

Net profit of TRC Financial Services reported to Rs 0.02 crore in the quarter ended September 2016. There were no net profit/loss reported 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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Tamil Nadu Telecommunications reports standalone net loss of Rs 4.40 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Tamil Nadu Telecommunications reported to Rs 4.40 crore in the quarter ended September 2016 as against net loss of Rs 3.58 crore during the previous quarter ended September 2015. Sales rose 190.00% to Rs 0.58 crore in the quarter ended September 2016 as against Rs 0.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.580.20 190 OPM %-384.48-695.00 - PBDT-4.32-3.50 -23 PBT-4.40-3.58 -23 NP-4.40-3.58 -23

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Triveni Glass standalone net profit rises 118.27% in the September 2016 quarter
Oct 26,2016

Net profit of Triveni Glass rose 118.27% to Rs 2.27 crore in the quarter ended September 2016 as against Rs 1.04 crore during the previous quarter ended September 2015. Sales rose 48.95% to Rs 17.68 crore in the quarter ended September 2016 as against Rs 11.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.6811.87 49 OPM %17.0816.09 - PBDT2.441.20 103 PBT2.271.04 118 NP2.271.04 118

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Modella Woollens reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Modella Woollens reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.14 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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Sylph Technologies reports standalone nil net profit/loss in the September 2016 quarter
Oct 26,2016

Sylph Technologies reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 536.17% to Rs 2.99 crore in the quarter ended September 2016 as against Rs 0.47 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.990.47 536 OPM %-1.67-6.38 - PBDT0.010.02 -50 PBT00.01 -100 NP00.01 -100

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Housing Development Finance Corporation standalone net profit rises 13.83% in the September 2016 quarter
Oct 26,2016

Net profit of Housing Development Finance Corporation rose 13.83% to Rs 1826.50 crore in the quarter ended September 2016 as against Rs 1604.56 crore during the previous quarter ended September 2015. Sales rose 9.23% to Rs 8091.31 crore in the quarter ended September 2016 as against Rs 7407.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8091.317407.60 9 OPM %96.4796.95 - PBDT2571.512337.09 10 PBT2557.502323.56 10 NP1826.501604.56 14

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