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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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Tirupati Starch & Chemicals reports standalone net loss of Rs 0.06 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Tirupati Starch & Chemicals reported to Rs 0.06 crore in the quarter ended September 2016 as against net loss of Rs 3.61 crore during the previous quarter ended September 2015. Sales rose 26.02% to Rs 36.81 crore in the quarter ended September 2016 as against Rs 29.21 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.8129.21 26 OPM %6.57-2.05 - PBDT1.07-1.77 LP PBT-0.06-3.61 98 NP-0.06-3.61 98

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Bodal Chemicals standalone net profit rises 45.58% in the September 2016 quarter
Nov 10,2016

Net profit of Bodal Chemicals rose 45.58% to Rs 34.05 crore in the quarter ended September 2016 as against Rs 23.39 crore during the previous quarter ended September 2015. Sales rose 30.71% to Rs 327.70 crore in the quarter ended September 2016 as against Rs 250.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales327.70250.71 31 OPM %17.8515.68 - PBDT58.2337.51 55 PBT52.1631.42 66 NP34.0523.39 46

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Aarvee Denims & Exports standalone net profit rises 4480.00% in the September 2016 quarter
Nov 10,2016

Net profit of Aarvee Denims & Exports rose 4480.00% to Rs 6.87 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 9.24% to Rs 215.54 crore in the quarter ended September 2016 as against Rs 197.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales215.54197.30 9 OPM %11.6611.60 - PBDT15.9313.55 18 PBT7.545.93 27 NP6.870.15 4480

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Ashima reports standalone net loss of Rs 11.86 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Ashima reported to Rs 11.86 crore in the quarter ended September 2016 as against net loss of Rs 8.31 crore during the previous quarter ended September 2015. Sales declined 11.37% to Rs 43.36 crore in the quarter ended September 2016 as against Rs 48.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales43.3648.92 -11 OPM %-19.93-7.87 - PBDT-10.55-7.42 -42 PBT-11.45-8.31 -38 NP-11.86-8.31 -43

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Soma Textiles & Industries reports standalone net loss of Rs 4.80 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Soma Textiles & Industries reported to Rs 4.80 crore in the quarter ended September 2016 as against net loss of Rs 4.29 crore during the previous quarter ended September 2015. Sales declined 8.21% to Rs 40.23 crore in the quarter ended September 2016 as against Rs 43.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales40.2343.83 -8 OPM %14.670.43 - PBDT0.72-5.21 LP PBT-0.35-7.17 95 NP-4.80-4.29 -12

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EL Forge reports standalone net loss of Rs 3.60 crore in the September 2016 quarter
Nov 10,2016

Net Loss of EL Forge reported to Rs 3.60 crore in the quarter ended September 2016 as against net loss of Rs 3.73 crore during the previous quarter ended September 2015. Sales declined 19.08% to Rs 8.10 crore in the quarter ended September 2016 as against Rs 10.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.1010.01 -19 OPM %-10.49-10.09 - PBDT-1.29-1.31 2 PBT-3.60-3.73 3 NP-3.60-3.73 3

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Sequent Scientific reports standalone net loss of Rs 0.65 crore in the September 2016 quarter
Nov 10,2016

Net loss of Sequent Scientific reported to Rs 0.65 crore in the quarter ended September 2016 as against net profit of Rs 4.47 crore during the previous quarter ended September 2015. Sales declined 18.17% to Rs 90.43 crore in the quarter ended September 2016 as against Rs 110.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales90.43110.51 -18 OPM %2.446.61 - PBDT5.469.74 -44 PBT-0.654.47 PL NP-0.654.47 PL

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Moryo Industries reports standalone net loss of Rs 0.68 crore in the September 2016 quarter
Nov 10,2016

Net loss of Moryo Industries reported to Rs 0.68 crore in the quarter ended September 2016 as against net profit of Rs 0.40 crore during the previous quarter ended September 2015. Sales rose 60.53% to Rs 3.66 crore in the quarter ended September 2016 as against Rs 2.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3.662.28 61 OPM %-18.5817.54 - PBDT-0.680.40 PL PBT-0.680.40 PL NP-0.680.40 PL

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Dhanuka Agritech standalone net profit rises 30.46% in the September 2016 quarter
Nov 10,2016

Net profit of Dhanuka Agritech rose 30.46% to Rs 49.21 crore in the quarter ended September 2016 as against Rs 37.72 crore during the previous quarter ended September 2015. Sales rose 14.36% to Rs 308.97 crore in the quarter ended September 2016 as against Rs 270.17 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales308.97270.17 14 OPM %22.9020.04 - PBDT73.5754.78 34 PBT70.1753.45 31 NP49.2137.72 30

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Technojet Consultants reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Technojet Consultants reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.02 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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Kabra Extrusion Technik reports standalone net profit of Rs 3.52 crore in the September 2016 quarter
Nov 10,2016

Net profit of Kabra Extrusion Technik reported to Rs 3.52 crore in the quarter ended September 2016 as against net loss of Rs 9.94 crore during the previous quarter ended September 2015. Sales rose 10.17% to Rs 65.54 crore in the quarter ended September 2016 as against Rs 59.49 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales65.5459.49 10 OPM %9.299.60 - PBDT6.1212.79 -52 PBT4.3910.64 -59 NP3.52-9.94 LP

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Morganite Crucible (India) standalone net profit declines 21.07% in the September 2016 quarter
Nov 10,2016

Net profit of Morganite Crucible (India) declined 21.07% to Rs 2.66 crore in the quarter ended September 2016 as against Rs 3.37 crore during the previous quarter ended September 2015. Sales declined 10.25% to Rs 20.41 crore in the quarter ended September 2016 as against Rs 22.74 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales20.4122.74 -10 OPM %22.8328.36 - PBDT4.947.22 -32 PBT4.135.30 -22 NP2.663.37 -21

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Phillips Carbon Black standalone net profit rises 269.34% in the September 2016 quarter
Nov 10,2016

Net profit of Phillips Carbon Black rose 269.34% to Rs 15.18 crore in the quarter ended September 2016 as against Rs 4.11 crore during the previous quarter ended September 2015. Sales declined 8.78% to Rs 460.70 crore in the quarter ended September 2016 as against Rs 505.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales460.70505.02 -9 OPM %12.618.77 - PBDT49.4625.98 90 PBT34.2010.38 229 NP15.184.11 269

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Camphor & Allied Products standalone net profit rises 22.40% in the September 2016 quarter
Nov 10,2016

Net profit of Camphor & Allied Products rose 22.40% to Rs 6.94 crore in the quarter ended September 2016 as against Rs 5.67 crore during the previous quarter ended September 2015. Sales declined 0.02% to Rs 89.71 crore in the quarter ended September 2016 as against Rs 89.73 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales89.7189.73 0 OPM %16.7012.93 - PBDT13.629.96 37 PBT10.757.96 35 NP6.945.67 22

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Outcome of board meeting of Minda Industries
Nov 10,2016

The Board of Directors of Minda Industries at their meeting held on 10 November 2016 approved the following -

Approved purchase of balance 49% stake in Sam Global, Singapore from Singhal Fincap for total consideration of Rs 13.51 crore. The expected date of completion is on or before 30 April 2017.

Approve the purchase of 31.37% stake of PT Minda Asean Automotive, Indonesia from Minda Investment for total consideration of Rs 15.85 crore. The expected date of completion is on or before 30 April 2017.

The Board approved the signing of joint venture agreement with Onkya Corporation, Japan to design, develop and manufacture the speakers and speaker systems in Indian market and export to other countries. The JVC will be in the shareholding ration of 50:50.

The Board approved hiving off the running business of 2W battery division of the Company in Pantnagar to its 100% subsidiary, Minda Storage Batteries.

Approves raising funds up to Rs 500 crore for ongoing consolidation process, new project and working capital requirements.

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