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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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Tyche Industries standalone net profit rises 198.75% in the June 2017 quarter
Aug 11,2017

Net profit of Tyche Industries rose 198.75% to Rs 2.39 crore in the quarter ended June 2017 as against Rs 0.80 crore during the previous quarter ended June 2016. Sales rose 89.80% to Rs 15.45 crore in the quarter ended June 2017 as against Rs 8.14 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales15.458.14 90 OPM %23.3012.53 - PBDT4.021.90 112 PBT3.571.44 148 NP2.390.80 199

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Lypsa Gems & Jewellery standalone net profit rises 400.00% in the June 2017 quarter
Aug 11,2017

Net profit of Lypsa Gems & Jewellery rose 400.00% to Rs 0.05 crore in the quarter ended June 2017 as against Rs 0.01 crore during the previous quarter ended June 2016. Sales rose 123.51% to Rs 27.38 crore in the quarter ended June 2017 as against Rs 12.25 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales27.3812.25 124 OPM %0.625.22 - PBDT0.130.12 8 PBT0.050.01 400 NP0.050.01 400

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Rural Electrification Corporation standalone net profit declines 8.43% in the June 2017 quarter
Aug 11,2017

Net profit of Rural Electrification Corporation declined 8.43% to Rs 1301.14 crore in the quarter ended June 2017 as against Rs 1420.86 crore during the previous quarter ended June 2016. Sales declined 7.24% to Rs 5463.23 crore in the quarter ended June 2017 as against Rs 5889.52 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales5463.235889.52 -7 OPM %94.1493.55 - PBDT1891.022053.93 -8 PBT1889.722052.73 -8 NP1301.141420.86 -8

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Cura Technologies reports standalone net loss of Rs 0.07 crore in the June 2017 quarter
Aug 11,2017

Net loss of Cura Technologies reported to Rs 0.07 crore in the quarter ended June 2017 as against net profit of Rs 12.25 crore during the previous quarter ended June 2016. Sales declined 21.94% to Rs 1.53 crore in the quarter ended June 2017 as against Rs 1.96 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.531.96 -22 OPM %-3.27-1042.86 - PBDT-0.05-20.46 100 PBT-0.07-20.59 100 NP-0.0712.25 PL

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Sun TV Network standalone net profit rises 7.97% in the June 2017 quarter
Aug 11,2017

Net profit of Sun TV Network rose 7.97% to Rs 251.64 crore in the quarter ended June 2017 as against Rs 233.06 crore during the previous quarter ended June 2016. Sales rose 3.35% to Rs 786.32 crore in the quarter ended June 2017 as against Rs 760.83 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales786.32760.83 3 OPM %57.0257.36 - PBDT485.37457.85 6 PBT381.88357.08 7 NP251.64233.06 8

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Gini Silk Mills standalone net profit rises 3.57% in the June 2017 quarter
Aug 11,2017

Net profit of Gini Silk Mills rose 3.57% to Rs 0.58 crore in the quarter ended June 2017 as against Rs 0.56 crore during the previous quarter ended June 2016. Sales declined 1.55% to Rs 10.81 crore in the quarter ended June 2017 as against Rs 10.98 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales10.8110.98 -2 OPM %9.6210.84 - PBDT1.031.02 1 PBT0.790.78 1 NP0.580.56 4

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F Mec International Financial Services reports standalone net loss of Rs 0.06 crore in the June 2017 quarter
Aug 11,2017

Net Loss of F Mec International Financial Services reported to Rs 0.06 crore in the quarter ended June 2017 as against net loss of Rs 0.03 crore during the previous quarter ended June 2016. Sales rose 100.00% to Rs 0.02 crore in the quarter ended June 2017 as against Rs 0.01 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.020.01 100 OPM %-300.00-300.00 - PBDT-0.06-0.03 -100 PBT-0.06-0.03 -100 NP-0.06-0.03 -100

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Intercontinental Leasing and Finance Company reports standalone net profit of Rs 0.02 crore in the June 2017 quarter
Aug 11,2017

Net profit of Intercontinental Leasing and Finance Company reported to Rs 0.02 crore in the quarter ended June 2017 as against net loss of Rs 0.04 crore during the previous quarter ended June 2016. Sales rose 56.25% to Rs 0.25 crore in the quarter ended June 2017 as against Rs 0.16 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.250.16 56 OPM %12.00-25.00 - PBDT0.03-0.04 LP PBT0.03-0.04 LP NP0.02-0.04 LP

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Intellect Design Arena reports standalone net loss of Rs 22.51 crore in the June 2017 quarter
Aug 11,2017

Net loss of Intellect Design Arena reported to Rs 22.51 crore in the quarter ended June 2017 as against net profit of Rs 3.72 crore during the previous quarter ended June 2016. Sales declined 5.47% to Rs 123.10 crore in the quarter ended June 2017 as against Rs 130.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales123.10130.23 -5 OPM %-12.36-0.49 - PBDT-16.939.25 PL PBT-22.513.72 PL NP-22.513.72 PL

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Fraser and Company reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
Aug 11,2017

Net loss of Fraser and Company reported to Rs 0.03 crore in the quarter ended June 2017 as against net profit of Rs 0.05 crore during the previous quarter ended June 2016. Sales rose 266.67% to Rs 0.44 crore in the quarter ended June 2017 as against Rs 0.12 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.440.12 267 OPM %-6.8241.67 - PBDT-0.030.05 PL PBT-0.030.05 PL NP-0.030.05 PL

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Shri Niwas Leasing & Finance reports standalone net profit of Rs 0.06 crore in the June 2017 quarter
Aug 11,2017

Net profit of Shri Niwas Leasing & Finance remain constant at Rs 0.06 crore in the quarter ended June 2017 and also during the previous quarter ended June 2016. Sales declined 9.09% to Rs 0.10 crore in the quarter ended June 2017 as against Rs 0.11 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.100.11 -9 OPM %60.0054.55 - PBDT0.060.06 0 PBT0.060.06 0 NP0.060.06 0

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Maestros Electronics & Telecommunications Systems reports standalone net loss of Rs 0.10 crore in the June 2017 quarter
Aug 11,2017

Net loss of Maestros Electronics & Telecommunications Systems reported to Rs 0.10 crore in the quarter ended June 2017 as against net profit of Rs 0.12 crore during the previous quarter ended June 2016. Sales declined 20.08% to Rs 1.99 crore in the quarter ended June 2017 as against Rs 2.49 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.992.49 -20 OPM %-4.0210.84 - PBDT00.32 -100 PBT-0.100.16 PL NP-0.100.12 PL

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SRS Finance reports standalone net loss of Rs 2.99 crore in the June 2017 quarter
Aug 11,2017

Net loss of SRS Finance reported to Rs 2.99 crore in the quarter ended June 2017 as against net profit of Rs 1.68 crore during the previous quarter ended June 2016. Sales declined 93.20% to Rs 0.99 crore in the quarter ended June 2017 as against Rs 14.56 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.9914.56 -93 OPM %-174.7540.52 - PBDT-2.962.33 PL PBT-2.992.28 PL NP-2.991.68 PL

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Adhunik Industries standalone net profit declines 50.00% in the June 2017 quarter
Aug 11,2017

Net profit of Adhunik Industries declined 50.00% to Rs 0.07 crore in the quarter ended June 2017 as against Rs 0.14 crore during the previous quarter ended June 2016. Sales declined 28.19% to Rs 82.54 crore in the quarter ended June 2017 as against Rs 114.95 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales82.54114.95 -28 OPM %4.593.59 - PBDT0.971.13 -14 PBT0.050.22 -77 NP0.070.14 -50

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Palco Metals reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
Aug 11,2017

Net Loss of Palco Metals reported to Rs 0.04 crore in the quarter ended June 2017 as against net loss of Rs 0.04 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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