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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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Alka Diamond Industries reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
Jul 28,2017

Net loss of Alka Diamond Industries reported to Rs 0.04 crore in the quarter ended June 2017 as against net profit of Rs 0.01 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 as against Rs 1.18 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales01.18 -100 OPM %00.85 - PBDT-0.040.01 PL PBT-0.040.01 PL NP-0.040.01 PL

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Amarjothi Spinning Mills consolidated net profit rises 60.66% in the June 2017 quarter
Jul 28,2017

Net profit of Amarjothi Spinning Mills rose 60.66% to Rs 9.80 crore in the quarter ended June 2017 as against Rs 6.10 crore during the previous quarter ended June 2016. Sales declined 11.02% to Rs 54.56 crore in the quarter ended June 2017 as against Rs 61.32 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales54.5661.32 -11 OPM %30.5021.85 - PBDT14.4210.67 35 PBT11.107.55 47 NP9.806.10 61

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NIIT reports standalone net loss of Rs 6.94 crore in the June 2017 quarter
Jul 28,2017

Net Loss of NIIT reported to Rs 6.94 crore in the quarter ended June 2017 as against net loss of Rs 18.01 crore during the previous quarter ended June 2016. Sales declined 0.17% to Rs 83.28 crore in the quarter ended June 2017 as against Rs 83.42 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales83.2883.42 0 OPM %-4.78-10.68 - PBDT-1.07-11.58 91 PBT-6.89-17.94 62 NP-6.94-18.01 61

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Lakshmi Finance & Industrial Corporation standalone net profit rises 57.75% in the June 2017 quarter
Jul 28,2017

Net profit of Lakshmi Finance & Industrial Corporation rose 57.75% to Rs 1.12 crore in the quarter ended June 2017 as against Rs 0.71 crore during the previous quarter ended June 2016. Sales rose 53.85% to Rs 1.40 crore in the quarter ended June 2017 as against Rs 0.91 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.400.91 54 OPM %77.1470.33 - PBDT1.180.73 62 PBT1.170.72 63 NP1.120.71 58

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Zuari Agro Chemicals reports standalone net profit of Rs 0.27 crore in the June 2017 quarter
Jul 28,2017

Net profit of Zuari Agro Chemicals reported to Rs 0.27 crore in the quarter ended June 2017 as against net loss of Rs 40.05 crore during the previous quarter ended June 2016. Sales declined 27.89% to Rs 703.79 crore in the quarter ended June 2017 as against Rs 976.00 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales703.79976.00 -28 OPM %4.714.77 - PBDT9.25-8.90 LP PBT0.52-17.50 LP NP0.27-40.05 LP

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SKF India standalone net profit rises 6.41% in the June 2017 quarter
Jul 28,2017

Net profit of SKF India rose 6.41% to Rs 64.27 crore in the quarter ended June 2017 as against Rs 60.40 crore during the previous quarter ended June 2016. Sales rose 2.35% to Rs 666.47 crore in the quarter ended June 2017 as against Rs 651.16 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales666.47651.16 2 OPM %14.0412.84 - PBDT110.70105.48 5 PBT99.1693.22 6 NP64.2760.40 6

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Tanla Solutions standalone net profit rises 42.77% in the June 2017 quarter
Jul 28,2017

Net profit of Tanla Solutions rose 42.77% to Rs 9.18 crore in the quarter ended June 2017 as against Rs 6.43 crore during the previous quarter ended June 2016. Sales rose 106.05% to Rs 172.09 crore in the quarter ended June 2017 as against Rs 83.52 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales172.0983.52 106 OPM %7.149.29 - PBDT12.508.95 40 PBT1.718.20 -79 NP9.186.43 43

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India Cements standalone net profit declines 39.88% in the June 2017 quarter
Jul 28,2017

Net profit of India Cements declined 39.88% to Rs 26.44 crore in the quarter ended June 2017 as against Rs 43.98 crore during the previous quarter ended June 2016. Sales rose 21.55% to Rs 1461.57 crore in the quarter ended June 2017 as against Rs 1202.49 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1461.571202.49 22 OPM %12.7016.75 - PBDT103.41122.16 -15 PBT40.4371.03 -43 NP26.4443.98 -40

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Gyan Developers & Builders standalone net profit rises 100.00% in the June 2017 quarter
Jul 28,2017

Net profit of Gyan Developers & Builders rose 100.00% to Rs 0.04 crore in the quarter ended June 2017 as against Rs 0.02 crore during the previous quarter ended June 2016. Sales declined 15.56% to Rs 0.38 crore in the quarter ended June 2017 as against Rs 0.45 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.380.45 -16 OPM %13.166.67 - PBDT0.050.03 67 PBT0.040.02 100 NP0.040.02 100

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Biocon standalone net profit declines 61.46% in the June 2017 quarter
Jul 28,2017

Net profit of Biocon declined 61.46% to Rs 54.50 crore in the quarter ended June 2017 as against Rs 141.40 crore during the previous quarter ended June 2016. Sales declined 17.46% to Rs 574.30 crore in the quarter ended June 2017 as against Rs 695.80 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales574.30695.80 -17 OPM %15.0125.77 - PBDT111.40208.20 -46 PBT74.20171.70 -57 NP54.50141.40 -61

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Tivoli Construction reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
Jul 28,2017

Net Loss of Tivoli Construction reported to Rs 0.03 crore in the quarter ended June 2017 as against net loss of Rs 0.02 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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Escorts standalone net profit rises 33.39% in the June 2017 quarter
Jul 28,2017

Net profit of Escorts rose 33.39% to Rs 62.64 crore in the quarter ended June 2017 as against Rs 46.96 crore during the previous quarter ended June 2016. Sales rose 10.76% to Rs 1142.30 crore in the quarter ended June 2017 as against Rs 1031.35 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1142.301031.35 11 OPM %8.548.36 - PBDT110.0887.89 25 PBT92.2973.98 25 NP62.6446.96 33

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Piramal Phytocare reports standalone net loss of Rs 4.56 crore in the June 2017 quarter
Jul 28,2017

Net Loss of Piramal Phytocare reported to Rs 4.56 crore in the quarter ended June 2017 as against net loss of Rs 0.06 crore during the previous quarter ended June 2016. Sales rose 456.92% to Rs 3.62 crore in the quarter ended June 2017 as against Rs 0.65 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.620.65 457 OPM %-126.80-18.46 - PBDT-4.55-0.05 -9000 PBT-4.56-0.06 -7500 NP-4.56-0.06 -7500

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Leena Consultancy reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
Jul 28,2017

Net Loss of Leena Consultancy reported to Rs 0.03 crore in the quarter ended June 2017 as against net loss of Rs 0.02 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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Millennium Cybertech reports standalone nil net profit/loss in the June 2017 quarter
Jul 28,2017

Millennium Cybertech reported no net profit/loss in the quarter ended June 2017 as against net loss of Rs 0.01 crore during the previous quarter ended June 2016. Sales declined 50.00% to Rs 0.14 crore in the quarter ended June 2017 as against Rs 0.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.140.28 -50 OPM %0-3.57 - PBDT0-0.01 100 PBT0-0.01 100 NP0-0.01 100

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