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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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CEAT to hold board meeting
Oct 27,2016

CEAT will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the Un-audited Financial Results for the quarter and half year ended September 30, 2016 (Q2).

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Excel Crop Care standalone net profit rises 35.54% in the September 2016 quarter
Oct 27,2016

Net profit of Excel Crop Care rose 35.54% to Rs 25.21 crore in the quarter ended September 2016 as against Rs 18.60 crore during the previous quarter ended September 2015. Sales rose 13.10% to Rs 274.44 crore in the quarter ended September 2016 as against Rs 242.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales274.44242.65 13 OPM %13.9211.67 - PBDT39.3928.81 37 PBT34.8024.35 43 NP25.2118.60 36

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Hindustan Unilever slides after Q2 outcome
Oct 27,2016

The result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the BSE Sensex was down 66.06 points, or 0.24%, to 27,770.45.

On BSE, so far 21,000 shares were traded in the counter, compared with average daily volume of 1.19 lakh shares in the past one quarter. The stock hit a high of Rs 846.25 and a low of Rs 832.40 so far during the day. The stock hit a 52-week high of Rs 954 on 9 September 2016. The stock hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past 30 days till 26 October 2016, falling 5.93% compared with 1.37% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.20% as against Sensexs 1.32% decline.

The large-cap FMCG major has equity capital of Rs 216.43 crore. Face value per share is Re 1.

During the quarter, in a challenging context where market growth continued to be under pressure, Hindustan Unilever (HUL)s domestic consumer business grew at 2% and EBITDA (earnings before interest, taxation, depreciation and amortization) margin expanded by 60 basis points (bps), the company said. HULs profit after tax before exceptional items, PAT (bei) grew by 9% to Rs 1082 crore in Q2 September 2016 over Q2 September 2015.

EBITDA rose 5.1% to Rs 1405 crore in Q2 September 2016 over Q2 September 2015.

Harish Manwani, Chairman of HUL commented that in challenging market conditions, the company delivered another quarter of profitable growth. The company remains focused on market development, consumer led innovations and an even sharper drive on operating efficiences. With a good monsoon, the company expects a gradual improvement in market demand and remain positive on the mid-long term outlook for the industry, Manwani said. HULs strategic agenda of delivering consistent, competitive, profitable and responsible growth remains unchanged, he added.

HUL said that in the near term, it expects gradual improvement in market growth due to good monsoon. HUL expects sales growth to be positively impacted by recovery in markets. Further, it expects rising trend in input costs. The company said it will focus on volume growth and on improving operating margin.

HUL is a leading fast moving consumer goods (FMCG) company.

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Dalmia Bharat consolidated net profit rises 149.80% in the September 2016 quarter
Oct 27,2016

Net profit of Dalmia Bharat rose 149.80% to Rs 31.10 crore in the quarter ended September 2016 as against Rs 12.45 crore during the previous quarter ended September 2015. Sales rose 18.60% to Rs 1682.88 crore in the quarter ended September 2016 as against Rs 1418.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1682.881418.99 19 OPM %25.0023.08 - PBDT271.20230.83 17 PBT112.4676.44 47 NP31.1012.45 150

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Torrent Pharmaceuticals consolidated net profit declines 59.33% in the September 2016 quarter
Oct 27,2016

Net profit of Torrent Pharmaceuticals declined 59.33% to Rs 207.00 crore in the quarter ended September 2016 as against Rs 509.00 crore during the previous quarter ended September 2015. Sales declined 15.15% to Rs 1406.00 crore in the quarter ended September 2016 as against Rs 1657.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1406.001657.00 -15 OPM %23.4743.27 - PBDT322.00740.00 -56 PBT253.00681.00 -63 NP207.00509.00 -59

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Motilal Oswal Financial Services consolidated net profit rises 133.91% in the September 2016 quarter
Oct 27,2016

Net profit of Motilal Oswal Financial Services rose 133.91% to Rs 101.54 crore in the quarter ended September 2016 as against Rs 43.41 crore during the previous quarter ended September 2015. Sales rose 62.33% to Rs 374.93 crore in the quarter ended September 2016 as against Rs 230.97 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales374.93230.97 62 OPM %53.5040.81 - PBDT111.3864.43 73 PBT103.2756.08 84 NP101.5443.41 134

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Thomas Cook (India) reports consolidated net profit of Rs 19.58 crore in the September 2016 quarter
Oct 27,2016

Net profit of Thomas Cook (India) reported to Rs 19.58 crore in the quarter ended September 2016 as against net loss of Rs 6.17 crore during the previous quarter ended September 2015. Sales rose 56.48% to Rs 2051.56 crore in the quarter ended September 2016 as against Rs 1311.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2051.561311.07 56 OPM %3.332.00 - PBDT66.3623.11 187 PBT44.519.79 355 NP19.58-6.17 LP

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Raymond consolidated net profit rises 367.31% in the September 2016 quarter
Oct 27,2016

Net profit of Raymond rose 367.31% to Rs 26.59 crore in the quarter ended September 2016 as against Rs 5.69 crore during the previous quarter ended September 2015. Sales rose 12.10% to Rs 1553.49 crore in the quarter ended September 2016 as against Rs 1385.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1553.491385.75 12 OPM %6.618.33 - PBDT87.3686.71 1 PBT54.2049.83 9 NP26.595.69 367

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Raymond standalone net profit declines 32.84% in the September 2016 quarter
Oct 27,2016

Net profit of Raymond declined 32.84% to Rs 10.53 crore in the quarter ended September 2016 as against Rs 15.68 crore during the previous quarter ended September 2015. Sales rose 12.02% to Rs 807.69 crore in the quarter ended September 2016 as against Rs 721.04 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales807.69721.04 12 OPM %5.857.73 - PBDT42.8545.10 -5 PBT22.1923.42 -5 NP10.5315.68 -33

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Oriental Hotels reports standalone net loss of Rs 1.42 crore in the September 2016 quarter
Oct 27,2016

Net Loss of Oriental Hotels reported to Rs 1.42 crore in the quarter ended September 2016 as against net loss of Rs 7.28 crore during the previous quarter ended September 2015. Sales rose 7.23% to Rs 77.59 crore in the quarter ended September 2016 as against Rs 72.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales77.5972.36 7 OPM %12.893.66 - PBDT3.50-3.51 LP PBT-2.55-9.46 73 NP-1.42-7.28 80

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Lakshmi Machine Works standalone net profit declines 31.72% in the September 2016 quarter
Oct 27,2016

Net profit of Lakshmi Machine Works declined 31.72% to Rs 37.92 crore in the quarter ended September 2016 as against Rs 55.54 crore during the previous quarter ended September 2015. Sales declined 14.36% to Rs 567.07 crore in the quarter ended September 2016 as against Rs 662.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales567.07662.12 -14 OPM %9.0910.92 - PBDT72.66100.77 -28 PBT56.0481.43 -31 NP37.9255.54 -32

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Indian Hume Pipe Company standalone net profit rises 208.65% in the September 2016 quarter
Oct 27,2016

Net profit of Indian Hume Pipe Company rose 208.65% to Rs 21.76 crore in the quarter ended September 2016 as against Rs 7.05 crore during the previous quarter ended September 2015. Sales rose 96.47% to Rs 450.28 crore in the quarter ended September 2016 as against Rs 229.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales450.28229.19 96 OPM %10.6710.26 - PBDT36.0013.15 174 PBT33.3810.79 209 NP21.767.05 209

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Hinduja Ventures standalone net profit declines 0.04% in the September 2016 quarter
Oct 27,2016

Net profit of Hinduja Ventures declined 0.04% to Rs 28.19 crore in the quarter ended September 2016 as against Rs 28.20 crore during the previous quarter ended September 2015. Sales reported to Rs 51.95 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. Sales51.950 0 OPM %109.860 - PBDT44.2328.54 55 PBT43.9428.23 56 NP28.1928.20 0

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Elgi Rubber Company standalone net profit rises 30.43% in the September 2016 quarter
Oct 27,2016

Net profit of Elgi Rubber Company rose 30.43% to Rs 1.50 crore in the quarter ended September 2016 as against Rs 1.15 crore during the previous quarter ended September 2015. Sales rose 61.76% to Rs 49.79 crore in the quarter ended September 2016 as against Rs 30.78 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales49.7930.78 62 OPM %8.079.97 - PBDT4.443.25 37 PBT2.161.67 29 NP1.501.15 30

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Dalmia Bharat standalone net profit declines 19.16% in the September 2016 quarter
Oct 27,2016

Net profit of Dalmia Bharat declined 19.16% to Rs 17.09 crore in the quarter ended September 2016 as against Rs 21.14 crore during the previous quarter ended September 2015. Sales rose 8.38% to Rs 56.88 crore in the quarter ended September 2016 as against Rs 52.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales56.8852.48 8 OPM %21.9922.64 - PBDT25.6230.26 -15 PBT24.7029.52 -16 NP17.0921.14 -19

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