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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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Polaris Consulting & Services standalone net profit declines 7.09% in the September 2016 quarter
Nov 10,2016

Net profit of Polaris Consulting & Services declined 7.09% to Rs 28.42 crore in the quarter ended September 2016 as against Rs 30.59 crore during the previous quarter ended September 2015. Sales declined 7.14% to Rs 447.82 crore in the quarter ended September 2016 as against Rs 482.25 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales447.82482.25 -7 OPM %9.8011.14 - PBDT49.0655.91 -12 PBT43.4749.50 -12 NP28.4230.59 -7

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Chartered Logistics standalone net profit rises 49.02% in the September 2016 quarter
Nov 10,2016

Net profit of Chartered Logistics rose 49.02% to Rs 3.80 crore in the quarter ended September 2016 as against Rs 2.55 crore during the previous quarter ended September 2015. Sales declined 5.51% to Rs 41.18 crore in the quarter ended September 2016 as against Rs 43.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales41.1843.58 -6 OPM %15.0610.44 - PBDT5.143.84 34 PBT4.633.05 52 NP3.802.55 49

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Pritish Nandy Communications reports standalone net loss of Rs 0.71 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Pritish Nandy Communications reported to Rs 0.71 crore in the quarter ended September 2016 as against net loss of Rs 0.79 crore during the previous quarter ended September 2015. Sales declined 52.00% to Rs 0.24 crore in the quarter ended September 2016 as against Rs 0.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.240.50 -52 OPM %-320.83-96.00 - PBDT-0.66-0.75 12 PBT-0.71-0.79 10 NP-0.71-0.79 10

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Board of Best Steel Logistics accepts resignation of director
Nov 10,2016

Best Steel Logistics announced that the Board of Directors of the Company at its meeting held on 09 November 2016 have taken note of resignation of Ruta Jindal as Non-Executive Director of the Company vide letter dated 08 November 2016.

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Parth Aluminium reports standalone nil net profit/loss in the September 2016 quarter
Nov 10,2016

Parth Aluminium reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales declined 33.33% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.12 -33 OPM %-25.00-25.00 - PBDT00 0 PBT00 0 NP00 0

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Eimco Elecon (India) standalone net profit declines 31.88% in the September 2016 quarter
Nov 10,2016

Net profit of Eimco Elecon (India) declined 31.88% to Rs 2.97 crore in the quarter ended September 2016 as against Rs 4.36 crore during the previous quarter ended September 2015. Sales declined 1.31% to Rs 35.42 crore in the quarter ended September 2016 as against Rs 35.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales35.4235.89 -1 OPM %5.5315.66 - PBDT5.897.62 -23 PBT4.556.12 -26 NP2.974.36 -32

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Ashiana Agro Industries reports standalone net loss of Rs 0.04 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Ashiana Agro Industries reported to Rs 0.04 crore in the quarter ended September 2016 as against net loss of Rs 0.06 crore during the previous quarter ended September 2015. Sales declined 50.00% to Rs 0.07 crore in the quarter ended September 2016 as against Rs 0.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.070.14 -50 OPM %-128.57-85.71 - PBDT-0.04-0.06 33 PBT-0.04-0.06 33 NP-0.04-0.06 33

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Board of Crompton Greaves to consider Q2 results
Nov 10,2016

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Damodar Industries standalone net profit declines 8.43% in the September 2016 quarter
Nov 10,2016

Net profit of Damodar Industries declined 8.43% to Rs 2.39 crore in the quarter ended September 2016 as against Rs 2.61 crore during the previous quarter ended September 2015. Sales rose 12.68% to Rs 168.89 crore in the quarter ended September 2016 as against Rs 149.88 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales168.89149.88 13 OPM %5.686.91 - PBDT6.547.24 -10 PBT3.664.04 -9 NP2.392.61 -8

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India Motor Parts & Accessories standalone net profit rises 4.85% in the September 2016 quarter
Nov 10,2016

Net profit of India Motor Parts & Accessories rose 4.85% to Rs 6.49 crore in the quarter ended September 2016 as against Rs 6.19 crore during the previous quarter ended September 2015. Sales rose 4.12% to Rs 125.66 crore in the quarter ended September 2016 as against Rs 120.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales125.66120.69 4 OPM %6.105.21 - PBDT9.678.70 11 PBT9.488.51 11 NP6.496.19 5

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Technofab Engineering standalone net profit rises 9.62% in the September 2016 quarter
Nov 10,2016

Net profit of Technofab Engineering rose 9.62% to Rs 3.19 crore in the quarter ended September 2016 as against Rs 2.91 crore during the previous quarter ended September 2015. Sales declined 18.52% to Rs 88.15 crore in the quarter ended September 2016 as against Rs 108.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales88.15108.19 -19 OPM %11.997.40 - PBDT6.055.77 5 PBT4.804.51 6 NP3.192.91 10

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Ruchi Infrastructure standalone net profit rises 200.00% in the September 2016 quarter
Nov 10,2016

Net profit of Ruchi Infrastructure rose 200.00% to Rs 0.81 crore in the quarter ended September 2016 as against Rs 0.27 crore during the previous quarter ended September 2015. Sales declined 85.23% to Rs 86.49 crore in the quarter ended September 2016 as against Rs 585.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales86.49585.56 -85 OPM %11.122.13 - PBDT4.474.21 6 PBT2.331.39 68 NP0.810.27 200

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Manaksia Aluminium Company reports standalone net loss of Rs 2.06 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Manaksia Aluminium Company reported to Rs 2.06 crore in the quarter ended September 2016 as against net loss of Rs 1.71 crore during the previous quarter ended September 2015. Sales declined 11.83% to Rs 53.51 crore in the quarter ended September 2016 as against Rs 60.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales53.5160.69 -12 OPM %1.072.16 - PBDT-0.82-0.35 -134 PBT-2.14-1.69 -27 NP-2.06-1.71 -20

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ABans Enterprises standalone net profit declines 66.67% in the September 2016 quarter
Nov 10,2016

Net profit of ABans Enterprises declined 66.67% to Rs 0.01 crore in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015. Sales rose 43.44% to Rs 8.75 crore in the quarter ended September 2016 as against Rs 6.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales8.756.10 43 OPM %-0.110.82 - PBDT0.010.05 -80 PBT0.010.05 -80 NP0.010.03 -67

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ISMT reports standalone net loss of Rs 72.01 crore in the September 2016 quarter
Nov 10,2016

Net Loss of ISMT reported to Rs 72.01 crore in the quarter ended September 2016 as against net loss of Rs 108.47 crore during the previous quarter ended September 2015. Sales rose 16.63% to Rs 276.59 crore in the quarter ended September 2016 as against Rs 237.16 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales276.59237.16 17 OPM %4.673.13 - PBDT-55.34-61.90 11 PBT-72.31-79.89 9 NP-72.01-108.47 34

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