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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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Pranavaditya Spinning Mills reports standalone net loss of Rs 0.29 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Pranavaditya Spinning Mills reported to Rs 0.29 crore in the quarter ended September 2016 as against net loss of Rs 0.23 crore during the previous quarter ended September 2015. Sales declined 22.33% to Rs 12.38 crore in the quarter ended September 2016 as against Rs 15.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12.3815.94 -22 OPM %-0.890.38 - PBDT-0.18-0.01 -1700 PBT-0.43-0.33 -30 NP-0.29-0.23 -26

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Atlanta Infrastructure & Finance reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 11,2016

Net loss of Atlanta Infrastructure & Finance reported to Rs 0.02 crore in the quarter ended September 2016 as against net profit of Rs 0.02 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.29 -100 OPM %06.90 - PBDT-0.020.02 PL PBT-0.020.02 PL NP-0.020.02 PL

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Vallabha Poly-Plast International reports standalone net loss of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net loss of Vallabha Poly-Plast International 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. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Natco Pharma standalone net profit rises 102.65% in the September 2016 quarter
Nov 11,2016

Net profit of Natco Pharma rose 102.65% to Rs 69.55 crore in the quarter ended September 2016 as against Rs 34.32 crore during the previous quarter ended September 2015. Sales rose 98.22% to Rs 403.60 crore in the quarter ended September 2016 as against Rs 203.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales403.60203.61 98 OPM %26.7829.71 - PBDT106.9156.04 91 PBT93.0244.80 108 NP69.5534.32 103

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Ashapura Minechem reports standalone net loss of Rs 12.04 crore in the September 2016 quarter
Nov 11,2016

Net loss of Ashapura Minechem reported to Rs 12.04 crore in the quarter ended September 2016 as against net profit of Rs 2.70 crore during the previous quarter ended September 2015. Sales declined 25.85% to Rs 57.49 crore in the quarter ended September 2016 as against Rs 77.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales57.4977.53 -26 OPM %-9.2710.86 - PBDT-4.837.99 PL PBT-12.042.70 PL NP-12.042.70 PL

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APM Industries standalone net profit declines 14.16% in the September 2016 quarter
Nov 11,2016

Net profit of APM Industries declined 14.16% to Rs 4.73 crore in the quarter ended September 2016 as against Rs 5.51 crore during the previous quarter ended September 2015. Sales declined 9.27% to Rs 66.16 crore in the quarter ended September 2016 as against Rs 72.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.1672.92 -9 OPM %11.9911.70 - PBDT8.348.91 -6 PBT7.298.18 -11 NP4.735.51 -14

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Himalchuli Food Products reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net profit of Himalchuli Food Products 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. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Taparia Tools standalone net profit declines 19.16% in the September 2016 quarter
Nov 11,2016

Net profit of Taparia Tools declined 19.16% to Rs 2.70 crore in the quarter ended September 2016 as against Rs 3.34 crore during the previous quarter ended September 2015. Sales rose 15.44% to Rs 96.88 crore in the quarter ended September 2016 as against Rs 83.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales96.8883.92 15 OPM %4.846.82 - PBDT4.285.12 -16 PBT4.175.01 -17 NP2.703.34 -19

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Joy Realty reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 11,2016

Net profit of Joy Realty remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.03 -100 OPM %0-33.33 - PBDT0.030.04 -25 PBT0.020.02 0 NP0.010.01 0

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Hindustan Hardy Spicer reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Nov 11,2016

Net profit of Hindustan Hardy Spicer reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.24 crore during the previous quarter ended September 2015. Sales declined 42.96% to Rs 8.06 crore in the quarter ended September 2016 as against Rs 14.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.0614.13 -43 OPM %3.470.71 - PBDT0.110.05 120 PBT-0.07-0.20 65 NP0.04-0.24 LP

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SRF standalone net profit rises 11.17% in the September 2016 quarter
Nov 11,2016

Net profit of SRF rose 11.17% to Rs 97.91 crore in the quarter ended September 2016 as against Rs 88.07 crore during the previous quarter ended September 2015. Sales declined 2.21% to Rs 879.14 crore in the quarter ended September 2016 as against Rs 898.98 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales879.14898.98 -2 OPM %22.3222.42 - PBDT186.26186.19 0 PBT123.52123.19 0 NP97.9188.07 11

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Novartis India standalone net profit declines 78.58% in the September 2016 quarter
Nov 11,2016

Net profit of Novartis India declined 78.58% to Rs 22.21 crore in the quarter ended September 2016 as against Rs 103.69 crore during the previous quarter ended September 2015. Sales declined 24.40% to Rs 162.56 crore in the quarter ended September 2016 as against Rs 215.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales162.56215.04 -24 OPM %9.515.26 - PBDT34.57140.56 -75 PBT33.86139.66 -76 NP22.21103.69 -79

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Great Eastern Shipping Company standalone net profit declines 22.62% in the September 2016 quarter
Nov 11,2016

Net profit of Great Eastern Shipping Company declined 22.62% to Rs 170.53 crore in the quarter ended September 2016 as against Rs 220.38 crore during the previous quarter ended September 2015. Sales declined 22.61% to Rs 412.52 crore in the quarter ended September 2016 as against Rs 533.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales412.52533.04 -23 OPM %42.2852.25 - PBDT268.75285.84 -6 PBT175.91216.20 -19 NP170.53220.38 -23

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Shivansh Finserve announces resignation of company
Nov 11,2016

Shivansh Finserve announced that Usha Agarwal (Non-Executive Director) is no longer associated with the company as she had placed her resignation from the Company w.e.f. 10 November 2016.

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Board of Universal Starch Chem Allied appoints company secretary
Nov 11,2016

Universal Starch Chem Allied announced that the Board of Directors of the Company at their Meeting held on 10 November 2016 considered and approved the appointment of Chaitali Salgaonkar as Company Secretary and Compliance Officer of the Company and designated her as Key Managerial Personnel of the Company.

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