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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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Fitch: Inadequate Capitalisation Threatens Indian State Banks
Nov 11,2016

Capital adequacy at Indias state banks remains a key theme against deteriorating asset quality and weak earnings, with some banks at risk of breaching their capital triggers, says Fitch Ratings.

The banks sharply deteriorating financial positions are adding to capital pressure at a time when progressively higher minimum Basel III capital requirements are being phased in.

State banks high dependence on the state for core equity is likely to continue. However, there are signs that the overseas additional Tier 1 (AT1) market could gain momentum as long as pricing differences are addressed.

Asset quality indicators are close to their weakest and Fitch expects recoveries and resolution of outstanding non-performing loans to remain a challenge, although NPL growth should be lower than the sharp spike witnessed in the previous year. The stress prevalent in weak sectors that account for a large share of special mention loans will increase provisioning demand, which will likely pressure earnings against a backdrop of weak growth forecasts.

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

Net profit of KGN Industries 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 0.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.07 -100 OPM %042.86 - PBDT0.030.03 0 PBT0.020.02 0 NP0.010.01 0

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Maars Software International reports standalone net loss of Rs 0.12 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Maars Software International reported to Rs 0.12 crore in the quarter ended September 2016 as against net loss of Rs 0.07 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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Ipca Laboratories standalone net profit rises 345.30% in the September 2016 quarter
Nov 11,2016

Net profit of Ipca Laboratories rose 345.30% to Rs 54.95 crore in the quarter ended September 2016 as against Rs 12.34 crore during the previous quarter ended September 2015. Sales rose 15.89% to Rs 852.90 crore in the quarter ended September 2016 as against Rs 735.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales852.90735.94 16 OPM %15.018.21 - PBDT135.2758.69 130 PBT92.3521.82 323 NP54.9512.34 345

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Jindal Photo reports standalone net loss of Rs 0.13 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Jindal Photo reported to Rs 0.13 crore in the quarter ended September 2016 as against net loss of Rs 0.73 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 44.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales044.65 -100 OPM %00.27 - PBDT-0.12-0.19 37 PBT-0.13-0.73 82 NP-0.13-0.73 82

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Senbo Industries reports standalone nil net profit/loss in the September 2016 quarter
Nov 11,2016

Senbo Industries reported no net profit/loss 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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Hind Syntex standalone net profit declines 60.00% in the September 2016 quarter
Nov 11,2016

Net profit of Hind Syntex declined 60.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015. Sales declined 3.38% to Rs 10.30 crore in the quarter ended September 2016 as against Rs 10.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.3010.66 -3 OPM %1.550.66 - PBDT0.190.20 -5 PBT0.020.05 -60 NP0.020.05 -60

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Parker Agrochem Exports reports standalone net loss of Rs 0.20 crore in the September 2016 quarter
Nov 11,2016

Net loss of Parker Agrochem Exports reported to Rs 0.20 crore in the quarter ended September 2016 as against net profit of Rs 0.15 crore during the previous quarter ended September 2015. Sales declined 92.82% to Rs 2.67 crore in the quarter ended September 2016 as against Rs 37.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.6737.17 -93 OPM %-3.370.70 - PBDT-0.090.26 PL PBT-0.200.15 PL NP-0.200.15 PL

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Hindustan Foods reports standalone net profit of Rs 0.19 crore in the September 2016 quarter
Nov 11,2016

Net profit of Hindustan Foods reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 4.72% to Rs 5.10 crore in the quarter ended September 2016 as against Rs 4.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.104.87 5 OPM %15.299.65 - PBDT0.530.28 89 PBT0.19-0.05 LP NP0.19-0.05 LP

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Polychem reports standalone net loss of Rs 0.10 crore in the September 2016 quarter
Nov 11,2016

Net loss of Polychem reported to Rs 0.10 crore in the quarter ended September 2016 as against net profit of Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 5.47% to Rs 3.11 crore in the quarter ended September 2016 as against Rs 3.29 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.113.29 -5 OPM %-8.04-2.43 - PBDT-0.060.12 PL PBT-0.100.06 PL NP-0.100.06 PL

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TTK Healthcare standalone net profit rises 54.66% in the September 2016 quarter
Nov 11,2016

Net profit of TTK Healthcare rose 54.66% to Rs 7.30 crore in the quarter ended September 2016 as against Rs 4.72 crore during the previous quarter ended September 2015. Sales rose 5.12% to Rs 136.41 crore in the quarter ended September 2016 as against Rs 129.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales136.41129.76 5 OPM %7.386.70 - PBDT10.299.37 10 PBT7.307.84 -7 NP7.304.72 55

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Mercantile Ventures standalone net profit rises 507.14% in the September 2016 quarter
Nov 11,2016

Net profit of Mercantile Ventures rose 507.14% to Rs 1.70 crore in the quarter ended September 2016 as against Rs 0.28 crore during the previous quarter ended September 2015. Sales rose 7.62% to Rs 1.13 crore in the quarter ended September 2016 as against Rs 1.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.131.05 8 OPM %32.7427.62 - PBDT2.360.92 157 PBT2.280.82 178 NP1.700.28 507

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Shalimar Wires Industries standalone net profit rises 172.73% in the September 2016 quarter
Nov 11,2016

Net profit of Shalimar Wires Industries rose 172.73% to Rs 0.30 crore in the quarter ended September 2016 as against Rs 0.11 crore during the previous quarter ended September 2015. Sales rose 5.67% to Rs 25.18 crore in the quarter ended September 2016 as against Rs 23.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales25.1823.83 6 OPM %14.9712.25 - PBDT1.921.42 35 PBT0.300.11 173 NP0.300.11 173

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Kesar Enterprises reports standalone net loss of Rs 19.47 crore in the September 2016 quarter
Nov 11,2016

Net Loss of Kesar Enterprises reported to Rs 19.47 crore in the quarter ended September 2016 as against net loss of Rs 2.81 crore during the previous quarter ended September 2015. Sales declined 63.28% to Rs 10.67 crore in the quarter ended September 2016 as against Rs 29.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales10.6729.06 -63 OPM %-46.5835.58 - PBDT-14.692.39 PL PBT-19.47-2.81 -593 NP-19.47-2.81 -593

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Skyline Millars reports standalone net profit of Rs 0.53 crore in the September 2016 quarter
Nov 11,2016

Net profit of Skyline Millars reported to Rs 0.53 crore in the quarter ended September 2016 as against net loss of Rs 0.79 crore during the previous quarter ended September 2015. Sales declined 56.58% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 0.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.330.76 -57 OPM %-190.91-52.63 - PBDT0.94-0.47 LP PBT0.70-0.72 LP NP0.53-0.79 LP

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