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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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Bharti Infratel consolidated net profit rises 30.80% in the September 2016 quarter
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Net profit of Bharti Infratel rose 30.80% to Rs 773.80 crore in the quarter ended September 2016 as against Rs 591.60 crore during the previous quarter ended September 2015. Sales rose 9.01% to Rs 1496.30 crore in the quarter ended September 2016 as against Rs 1372.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1496.301372.60 9 OPM %46.0543.38 - PBDT1014.00846.00 20 PBT726.30558.90 30 NP773.80591.60 31

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Supreme Petrochem reports standalone net profit of Rs 28.63 crore in the September 2016 quarter
Oct 24,2016

Net profit of Supreme Petrochem reported to Rs 28.63 crore in the quarter ended September 2016 as against net loss of Rs 24.95 crore during the previous quarter ended September 2015. Sales declined 2.11% to Rs 624.44 crore in the quarter ended September 2016 as against Rs 637.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales624.44637.88 -2 OPM %7.89-3.00 - PBDT49.59-19.32 LP PBT43.72-25.04 LP NP28.63-24.95 LP

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Bartronics India announces change in CEO
Oct 24,2016

Bartronics India announced that Pundarika Prasad Bibireddy, CEO of the Company, has tendered his resignation with a request to be relieved immediately. On the interim basis, K. Udai Sagar, Managing Director of the Company, will take charge of his responsibilities.

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Mahindra CIE Automotive appoints CFO
Oct 24,2016

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Bodal Chemicals sells Unit V in Bharuch, Gujarat
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Power Grid Corporation of India provides update on subsidiary - POWERGRID NM Transmission
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Shree Shaleen Textiles provides business update
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Adani Transmission reports standalone net loss of Rs 14.95 crore in the September 2016 quarter
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Net Loss of Adani Transmission reported to Rs 14.95 crore in the quarter ended September 2016 as against net loss of Rs 17.91 crore during the previous quarter ended September 2015. Sales rose 443.74% to Rs 191.83 crore in the quarter ended September 2016 as against Rs 35.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales191.8335.28 444 OPM %2.0437.19 - PBDT-14.93-17.91 17 PBT-14.95-17.91 17 NP-14.95-17.91 17

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Mahindra CIE Automotive standalone net profit rises 48.36% in the September 2016 quarter
Oct 24,2016

Net profit of Mahindra CIE Automotive rose 48.36% to Rs 14.05 crore in the quarter ended September 2016 as against Rs 9.47 crore during the previous quarter ended September 2015. Sales rose 2.20% to Rs 413.86 crore in the quarter ended September 2016 as against Rs 404.94 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales413.86404.94 2 OPM %8.447.94 - PBDT38.9432.47 20 PBT21.2214.82 43 NP14.059.47 48

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Ruchira Papers standalone net profit rises 72.41% in the September 2016 quarter
Oct 24,2016

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ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales103.8189.94 15 OPM %15.5311.77 - PBDT13.938.84 58 PBT11.326.49 74 NP7.504.35 72

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SNL Bearings standalone net profit declines 3.31% in the September 2016 quarter
Oct 24,2016

Net profit of SNL Bearings declined 3.31% to Rs 1.46 crore in the quarter ended September 2016 as against Rs 1.51 crore during the previous quarter ended September 2015. Sales rose 7.33% to Rs 8.05 crore in the quarter ended September 2016 as against Rs 7.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.057.50 7 OPM %28.9432.67 - PBDT2.332.35 -1 PBT2.182.26 -4 NP1.461.51 -3

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Adani Transmission consolidated net profit declines 38.63% in the September 2016 quarter
Oct 24,2016

Net profit of Adani Transmission declined 38.63% to Rs 99.54 crore in the quarter ended September 2016 as against Rs 162.20 crore during the previous quarter ended September 2015. Sales rose 20.99% to Rs 682.70 crore in the quarter ended September 2016 as against Rs 564.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales682.70564.24 21 OPM %69.3093.53 - PBDT224.47349.17 -36 PBT83.29208.56 -60 NP99.54162.20 -39

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Reliance Capital standalone net profit rises 20.37% in the September 2016 quarter
Oct 24,2016

Net profit of Reliance Capital rose 20.37% to Rs 130.00 crore in the quarter ended September 2016 as against Rs 108.00 crore during the previous quarter ended September 2015. Sales rose 2.75% to Rs 860.00 crore in the quarter ended September 2016 as against Rs 837.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales860.00837.00 3 OPM %81.2883.39 - PBDT176.00158.00 11 PBT166.00148.00 12 NP130.00108.00 20

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