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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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Adinath Exim Resources standalone net profit rises 425.00% in the September 2016 quarter
Oct 26,2016

Net profit of Adinath Exim Resources rose 425.00% to Rs 0.21 crore in the quarter ended September 2016 as against Rs 0.04 crore during the previous quarter ended September 2015. Sales remain constant at Rs 0.07 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.07 0 OPM %314.2985.71 - PBDT0.220.06 267 PBT0.220.06 267 NP0.210.04 425

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Mavi Industries reports standalone nil net profit/loss in the September 2016 quarter
Oct 26,2016

Mavi Industries reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.01 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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Coral Laboratories standalone net profit rises 42.61% in the September 2016 quarter
Oct 26,2016

Net profit of Coral Laboratories rose 42.61% to Rs 4.05 crore in the quarter ended September 2016 as against Rs 2.84 crore during the previous quarter ended September 2015. Sales rose 15.00% to Rs 20.78 crore in the quarter ended September 2016 as against Rs 18.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.7818.07 15 OPM %28.9719.92 - PBDT6.564.03 63 PBT6.123.55 72 NP4.052.84 43

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Jyothy Laboratories consolidated net profit rises 61.15% in the September 2016 quarter
Oct 26,2016

Net profit of Jyothy Laboratories rose 61.15% to Rs 32.02 crore in the quarter ended September 2016 as against Rs 19.87 crore during the previous quarter ended September 2015. Sales rose 5.75% to Rs 411.72 crore in the quarter ended September 2016 as against Rs 389.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales411.72389.35 6 OPM %15.4712.78 - PBDT50.3538.12 32 PBT43.0330.96 39 NP32.0219.87 61

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Jyothy Laboratories standalone net profit rises 48.15% in the September 2016 quarter
Oct 26,2016

Net profit of Jyothy Laboratories rose 48.15% to Rs 38.40 crore in the quarter ended September 2016 as against Rs 25.92 crore during the previous quarter ended September 2015. Sales rose 6.64% to Rs 397.03 crore in the quarter ended September 2016 as against Rs 372.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales397.03372.30 7 OPM %15.9613.19 - PBDT61.1148.65 26 PBT47.6935.42 35 NP38.4025.92 48

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Sungold Capital reports standalone net profit of Rs 0.04 crore in the September 2016 quarter
Oct 26,2016

Net profit of Sungold Capital remain constant at Rs 0.04 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. Sales rose 43.33% to Rs 0.43 crore in the quarter ended September 2016 as against Rs 0.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.430.30 43 OPM %13.9520.00 - PBDT0.060.06 0 PBT0.060.06 0 NP0.040.04 0

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Yash Management & Satelite standalone net profit rises 800.00% in the September 2016 quarter
Oct 26,2016

Net profit of Yash Management & Satelite rose 800.00% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015. Sales rose 184.13% to Rs 1.79 crore in the quarter ended September 2016 as against Rs 0.63 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.790.63 184 OPM %-4.47-15.87 - PBDT0.120.02 500 PBT0.110.01 1000 NP0.090.01 800

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Envair Electrodyne reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Envair Electrodyne reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.54 crore during the previous quarter ended September 2015. Sales rose 71.83% to Rs 1.22 crore in the quarter ended September 2016 as against Rs 0.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.220.71 72 OPM %3.28-67.61 - PBDT0-0.48 100 PBT-0.03-0.53 94 NP-0.03-0.54 94

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Steelcast standalone net profit rises 23.61% in the September 2016 quarter
Oct 26,2016

Net profit of Steelcast rose 23.61% to Rs 0.89 crore in the quarter ended September 2016 as against Rs 0.72 crore during the previous quarter ended September 2015. Sales declined 9.52% to Rs 31.45 crore in the quarter ended September 2016 as against Rs 34.76 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales31.4534.76 -10 OPM %20.3822.35 - PBDT4.384.10 7 PBT1.241.02 22 NP0.890.72 24

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Goldcrest Corporation standalone net profit declines 58.65% in the September 2016 quarter
Oct 26,2016

Net profit of Goldcrest Corporation declined 58.65% to Rs 0.55 crore in the quarter ended September 2016 as against Rs 1.33 crore during the previous quarter ended September 2015. Sales declined 59.26% to Rs 0.33 crore in the quarter ended September 2016 as against Rs 0.81 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.330.81 -59 OPM %257.58191.36 - PBDT1.001.73 -42 PBT0.901.63 -45 NP0.551.33 -59

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P I Industries standalone net profit rises 77.98% in the September 2016 quarter
Oct 26,2016

Net profit of P I Industries rose 77.98% to Rs 101.38 crore in the quarter ended September 2016 as against Rs 56.96 crore during the previous quarter ended September 2015. Sales rose 20.89% to Rs 536.88 crore in the quarter ended September 2016 as against Rs 444.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales536.88444.11 21 OPM %23.8318.80 - PBDT139.9790.88 54 PBT121.8579.21 54 NP101.3856.96 78

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Dhruv Estates reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Oct 26,2016

Net profit of Dhruv Estates 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 and during the previous quarter ended September 2015.

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Sudal Industries reports standalone net loss of Rs 1.56 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Sudal Industries reported to Rs 1.56 crore in the quarter ended September 2016 as against net loss of Rs 2.86 crore during the previous quarter ended September 2015. Sales rose 2.38% to Rs 18.52 crore in the quarter ended September 2016 as against Rs 18.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales18.5218.09 2 OPM %9.562.82 - PBDT-1.27-2.57 51 PBT-1.56-2.86 45 NP-1.56-2.86 45

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Gujarat Sidhee Cement reports standalone net loss of Rs 22.54 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Gujarat Sidhee Cement reported to Rs 22.54 crore in the quarter ended September 2016 as against net loss of Rs 14.12 crore during the previous quarter ended September 2015. Sales declined 1.50% to Rs 99.59 crore in the quarter ended September 2016 as against Rs 101.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales99.59101.11 -2 OPM %-21.88-14.56 - PBDT-20.81-14.32 -45 PBT-23.01-16.56 -39 NP-22.54-14.12 -60

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Tata Investment Corporation standalone net profit rises 18.19% in the September 2016 quarter
Oct 26,2016

Net profit of Tata Investment Corporation rose 18.19% to Rs 130.00 crore in the quarter ended September 2016 as against Rs 109.99 crore during the previous quarter ended September 2015. Sales rose 21.48% to Rs 156.27 crore in the quarter ended September 2016 as against Rs 128.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales156.27128.64 21 OPM %96.6496.01 - PBDT151.02123.51 22 PBT151.00123.49 22 NP130.00109.99 18

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