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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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Cranes Software International reports standalone net loss of Rs 23.04 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Cranes Software International reported to Rs 23.04 crore in the quarter ended September 2016 as against net loss of Rs 24.18 crore during the previous quarter ended September 2015. Sales declined 21.43% to Rs 1.98 crore in the quarter ended September 2016 as against Rs 2.52 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.982.52 -21 OPM %-69.19-177.78 - PBDT-30.63-31.07 1 PBT-34.09-35.13 3 NP-23.04-24.18 5

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Techindia Nirman reports standalone net loss of Rs 0.11 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Techindia Nirman reported to Rs 0.11 crore in the quarter ended September 2016 as against net loss of Rs 0.04 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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Nicco Corporation reports standalone net loss of Rs 9.98 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Nicco Corporation reported to Rs 9.98 crore in the quarter ended September 2016 as against net loss of Rs 10.22 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 2.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales02.00 -100 OPM %0-91.00 - PBDT-7.72-9.35 17 PBT-8.74-10.22 14 NP-9.98-10.22 2

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Cranes Software International reports consolidated net loss of Rs 28.42 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Cranes Software International reported to Rs 28.42 crore in the quarter ended September 2016 as against net loss of Rs 26.15 crore during the previous quarter ended September 2015. Sales declined 13.21% to Rs 85.29 crore in the quarter ended September 2016 as against Rs 98.27 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales85.2998.27 -13 OPM %-2.26-1.13 - PBDT-31.15-27.34 -14 PBT-39.27-35.79 -10 NP-28.42-26.15 -9

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Motilal Oswal Financial Services allots equity shares
Nov 22,2016

Motilal Oswal Financial Services has issued and allotted 32,750 equity shares on exercise of employee stock option to various employees of Companys subsidiary companies.

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Northgate Com Tech reports standalone net loss of Rs 0.24 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Northgate Com Tech reported to Rs 0.24 crore in the quarter ended September 2016 as against net loss of Rs 0.57 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.10 -100 OPM %0-390.00 - PBDT-0.23-0.56 59 PBT-0.24-0.57 58 NP-0.24-0.57 58

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Apollo Sindoori Hotels standalone net profit rises 211.76% in the September 2016 quarter
Nov 22,2016

Net profit of Apollo Sindoori Hotels rose 211.76% to Rs 2.12 crore in the quarter ended September 2016 as against Rs 0.68 crore during the previous quarter ended September 2015. Sales declined 2.15% to Rs 32.84 crore in the quarter ended September 2016 as against Rs 33.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales32.8433.56 -2 OPM %6.523.01 - PBDT2.141.18 81 PBT1.920.99 94 NP2.120.68 212

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Aspinwall & Company reports standalone net loss of Rs 1.39 crore in the September 2016 quarter
Nov 22,2016

Net loss of Aspinwall & Company reported to Rs 1.39 crore in the quarter ended September 2016 as against net profit of Rs 1.15 crore during the previous quarter ended September 2015. Sales rose 7.50% to Rs 49.01 crore in the quarter ended September 2016 as against Rs 45.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales49.0145.59 8 OPM %-1.617.70 - PBDT-1.432.28 PL PBT-2.001.76 PL NP-1.391.15 PL

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Agri-Tech (India) reports standalone net profit of Rs 0.39 crore in the September 2016 quarter
Nov 22,2016

Net profit of Agri-Tech (India) reported to Rs 0.39 crore in the quarter ended September 2016 as against net loss of Rs 0.20 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.03 -100 OPM %0-233.33 - PBDT0.44-0.07 LP PBT0.39-0.10 LP NP0.39-0.20 LP

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Anandam Rubber Company reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Anandam Rubber Company reported to Rs 0.03 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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Jullundur Motor Agency (Delhi) standalone net profit rises 23.70% in the September 2016 quarter
Nov 22,2016

Net profit of Jullundur Motor Agency (Delhi) rose 23.70% to Rs 2.61 crore in the quarter ended September 2016 as against Rs 2.11 crore during the previous quarter ended September 2015. Sales declined 2.49% to Rs 90.62 crore in the quarter ended September 2016 as against Rs 92.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales90.6292.93 -2 OPM %3.392.78 - PBDT4.173.36 24 PBT3.903.18 23 NP2.612.11 24

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Shriram Pistons & Rings standalone net profit rises 7.02% in the September 2016 quarter
Nov 22,2016

Net profit of Shriram Pistons & Rings rose 7.02% to Rs 27.12 crore in the quarter ended September 2016 as against Rs 25.34 crore during the previous quarter ended September 2015. Sales rose 4.71% to Rs 367.40 crore in the quarter ended September 2016 as against Rs 350.87 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales367.40350.87 5 OPM %16.4316.90 - PBDT60.5457.67 5 PBT38.4034.75 11 NP27.1225.34 7

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Northgate Com Tech reports consolidated net loss of Rs 0.54 crore in the September 2016 quarter
Nov 22,2016

Net Loss of Northgate Com Tech reported to Rs 0.54 crore in the quarter ended September 2016 as against net loss of Rs 1.05 crore during the previous quarter ended September 2015. Sales declined 93.73% to Rs 0.17 crore in the quarter ended September 2016 as against Rs 2.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.172.71 -94 OPM %-370.59-38.01 - PBDT-0.52-1.03 50 PBT-0.54-1.05 49 NP-0.54-1.05 49

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Bharat Rasayan standalone net profit rises 15.94% in the September 2016 quarter
Nov 22,2016

Net profit of Bharat Rasayan rose 15.94% to Rs 16.58 crore in the quarter ended September 2016 as against Rs 14.30 crore during the previous quarter ended September 2015. Sales rose 34.45% to Rs 191.78 crore in the quarter ended September 2016 as against Rs 142.64 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales191.78142.64 34 OPM %16.0920.48 - PBDT29.2125.94 13 PBT25.1621.79 15 NP16.5814.30 16

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Sobha standalone net profit rises 11.01% in the September 2016 quarter
Nov 22,2016

Net profit of Sobha rose 11.01% to Rs 35.30 crore in the quarter ended September 2016 as against Rs 31.80 crore during the previous quarter ended September 2015. Sales rose 8.12% to Rs 527.20 crore in the quarter ended September 2016 as against Rs 487.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales527.20487.60 8 OPM %18.8218.72 - PBDT71.3061.00 17 PBT56.8048.30 18 NP35.3031.80 11

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