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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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Enkei Wheels India standalone net profit rises 35.40% in the September 2016 quarter
Oct 26,2016

Net profit of Enkei Wheels India rose 35.40% to Rs 3.06 crore in the quarter ended September 2016 as against Rs 2.26 crore during the previous quarter ended September 2015. Sales rose 1.55% to Rs 105.64 crore in the quarter ended September 2016 as against Rs 104.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales105.64104.03 2 OPM %9.1510.55 - PBDT8.889.62 -8 PBT3.582.84 26 NP3.062.26 35

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Bharti Airtel standalone net profit rises 46.67% in the September 2016 quarter
Oct 26,2016

Net profit of Bharti Airtel rose 46.67% to Rs 3308.10 crore in the quarter ended September 2016 as against Rs 2255.40 crore during the previous quarter ended September 2015. Sales rose 10.85% to Rs 16432.60 crore in the quarter ended September 2016 as against Rs 14824.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16432.6014824.60 11 OPM %40.3337.39 - PBDT7032.305519.90 27 PBT4093.403189.00 28 NP3308.102255.40 47

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Tirupati Fin-Lease reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Oct 26,2016

Net profit of Tirupati Fin-Lease 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 rose 2580.00% to Rs 1.34 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.340.05 2580 OPM %0.750 - PBDT0.010 0 PBT0.010 0 NP0.010 0

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Coral India Finance & Housing standalone net profit rises 16.07% in the September 2016 quarter
Oct 26,2016

Net profit of Coral India Finance & Housing rose 16.07% to Rs 1.95 crore in the quarter ended September 2016 as against Rs 1.68 crore during the previous quarter ended September 2015. Sales declined 6.03% to Rs 2.96 crore in the quarter ended September 2016 as against Rs 3.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.963.15 -6 OPM %85.1468.89 - PBDT2.522.17 16 PBT2.442.13 15 NP1.951.68 16

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IFB Agro Industries standalone net profit rises 22.42% in the September 2016 quarter
Oct 26,2016

Net profit of IFB Agro Industries rose 22.42% to Rs 8.90 crore in the quarter ended September 2016 as against Rs 7.27 crore during the previous quarter ended September 2015. Sales rose 46.38% to Rs 267.57 crore in the quarter ended September 2016 as against Rs 182.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales267.57182.79 46 OPM %5.007.18 - PBDT16.9315.18 12 PBT11.9911.16 7 NP8.907.27 22

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Bharat Bijlee standalone net profit rises 1158.21% in the September 2016 quarter
Oct 26,2016

Net profit of Bharat Bijlee rose 1158.21% to Rs 8.43 crore in the quarter ended September 2016 as against Rs 0.67 crore during the previous quarter ended September 2015. Sales rose 7.30% to Rs 142.49 crore in the quarter ended September 2016 as against Rs 132.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales142.49132.80 7 OPM %1.531.82 - PBDT10.843.17 242 PBT8.430.67 1158 NP8.430.67 1158

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Bharti Airtel consolidated net profit declines 4.91% in the September 2016 quarter
Oct 26,2016

Net profit of Bharti Airtel declined 4.91% to Rs 1460.70 crore in the quarter ended September 2016 as against Rs 1536.10 crore during the previous quarter ended September 2015. Sales rose 3.42% to Rs 24651.50 crore in the quarter ended September 2016 as against Rs 23835.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24651.5023835.70 3 OPM %38.3834.61 - PBDT7421.606289.20 18 PBT2465.602050.20 20 NP1460.701536.10 -5

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Asian Paints consolidated net profit rises 18.12% in the September 2016 quarter
Oct 26,2016

Net profit of Asian Paints rose 18.12% to Rs 494.76 crore in the quarter ended September 2016 as against Rs 418.87 crore during the previous quarter ended September 2015. Sales rose 9.61% to Rs 3720.51 crore in the quarter ended September 2016 as against Rs 3394.35 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3720.513394.35 10 OPM %19.1617.91 - PBDT786.07661.64 19 PBT701.72593.97 18 NP494.76418.87 18

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Crompton Greaves Consumer Electrical reports standalone net profit of Rs 54.96 crore in the September 2016 quarter
Oct 26,2016

Net profit of Crompton Greaves Consumer Electrical reported to Rs 54.96 crore in the quarter ended September 2016 as against net loss of Rs 2.53 crore during the previous quarter ended September 2015. Sales reported to Rs 889.99 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales889.990 0 OPM %10.940 - PBDT85.46-0.46 LP PBT82.74-0.46 LP NP54.96-2.53 LP

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Indiabulls Ventures standalone net profit rises 66.83% in the September 2016 quarter
Oct 26,2016

Net profit of Indiabulls Ventures rose 66.83% to Rs 6.74 crore in the quarter ended September 2016 as against Rs 4.04 crore during the previous quarter ended September 2015. Sales rose 0.76% to Rs 17.26 crore in the quarter ended September 2016 as against Rs 17.13 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales17.2617.13 1 OPM %44.6154.47 - PBDT10.776.93 55 PBT10.326.26 65 NP6.744.04 67

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Filatex India standalone net profit rises 197.66% in the September 2016 quarter
Oct 26,2016

Net profit of Filatex India rose 197.66% to Rs 11.43 crore in the quarter ended September 2016 as against Rs 3.84 crore during the previous quarter ended September 2015. Sales rose 15.05% to Rs 381.45 crore in the quarter ended September 2016 as against Rs 331.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales381.45331.56 15 OPM %8.976.28 - PBDT22.6310.98 106 PBT15.425.79 166 NP11.433.84 198

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Varun Mercantile reports standalone nil net profit/loss in the September 2016 quarter
Oct 26,2016

Varun Mercantile reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.04 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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Gujarat Lease Financing reports standalone net loss of Rs 0.07 crore in the September 2016 quarter
Oct 26,2016

Net Loss of Gujarat Lease Financing reported to Rs 0.07 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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KSB Pumps standalone net profit declines 56.26% in the September 2016 quarter
Oct 26,2016

Net profit of KSB Pumps declined 56.26% to Rs 7.37 crore in the quarter ended September 2016 as against Rs 16.85 crore during the previous quarter ended September 2015. Sales declined 13.87% to Rs 157.98 crore in the quarter ended September 2016 as against Rs 183.43 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales157.98183.43 -14 OPM %8.0615.89 - PBDT18.7233.24 -44 PBT11.4325.91 -56 NP7.3716.85 -56

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Indiabulls Ventures consolidated net profit declines 18.57% in the September 2016 quarter
Oct 26,2016

Net profit of Indiabulls Ventures declined 18.57% to Rs 17.19 crore in the quarter ended September 2016 as against Rs 21.11 crore during the previous quarter ended September 2015. Sales rose 10.83% to Rs 91.79 crore in the quarter ended September 2016 as against Rs 82.82 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales91.7982.82 11 OPM %57.2965.31 - PBDT27.7929.90 -7 PBT21.4824.16 -11 NP17.1921.11 -19

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