My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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.

Powered by Capital Market - Live News

Borosil Glass Works standalone net profit rises 67.80% in the September 2016 quarter
Nov 28,2016

Net profit of Borosil Glass Works rose 67.80% to Rs 10.84 crore in the quarter ended September 2016 as against Rs 6.46 crore during the previous quarter ended September 2015. Sales rose 25.32% to Rs 67.36 crore in the quarter ended September 2016 as against Rs 53.75 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.3653.75 25 OPM %10.757.22 - PBDT15.318.97 71 PBT13.857.67 81 NP10.846.46 68

Powered by Capital Market - Live News

Shilpa Medicare consolidated net profit rises 63.91% in the September 2016 quarter
Nov 28,2016

Net profit of Shilpa Medicare rose 63.91% to Rs 38.24 crore in the quarter ended September 2016 as against Rs 23.33 crore during the previous quarter ended September 2015. Sales rose 21.12% to Rs 209.67 crore in the quarter ended September 2016 as against Rs 173.11 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales209.67173.11 21 OPM %23.3322.49 - PBDT52.0241.66 25 PBT44.5736.00 24 NP38.2423.33 64

Powered by Capital Market - Live News

Magnum reports consolidated net loss of Rs 0.02 crore in the September 2016 quarter
Nov 28,2016

Net Loss of Magnum reported to Rs 0.02 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.

Powered by Capital Market - Live News

Navkar Corporation consolidated net profit rises 4.09% in the September 2016 quarter
Nov 28,2016

Net profit of Navkar Corporation rose 4.09% to Rs 22.41 crore in the quarter ended September 2016 as against Rs 21.53 crore during the previous quarter ended September 2015. Sales rose 4.24% to Rs 87.80 crore in the quarter ended September 2016 as against Rs 84.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales87.8084.23 4 OPM %38.7535.76 - PBDT30.6629.15 5 PBT25.5324.29 5 NP22.4121.53 4

Powered by Capital Market - Live News

Karuturi Global reports consolidated net loss of Rs 31.49 crore in the September 2016 quarter
Nov 28,2016

Net loss of Karuturi Global reported to Rs 31.49 crore in the quarter ended September 2016 as against net profit of Rs 1.08 crore during the previous quarter ended September 2015. Sales declined 1.30% to Rs 60.00 crore in the quarter ended September 2016 as against Rs 60.79 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.0060.79 -1 OPM %47.2532.83 - PBDT20.827.57 175 PBT-20.931.04 PL NP-31.491.08 PL

Powered by Capital Market - Live News

Navkar Corporation standalone net profit rises 9.97% in the September 2016 quarter
Nov 28,2016

Net profit of Navkar Corporation rose 9.97% to Rs 25.14 crore in the quarter ended September 2016 as against Rs 22.86 crore during the previous quarter ended September 2015. Sales rose 0.74% to Rs 84.85 crore in the quarter ended September 2016 as against Rs 84.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales84.8584.23 1 OPM %40.2235.75 - PBDT33.1930.47 9 PBT28.3625.61 11 NP25.1422.86 10

Powered by Capital Market - Live News

RCL Foods reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 28,2016

Net loss of RCL Foods reported to Rs 0.03 crore in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 37.50% to Rs 0.20 crore in the quarter ended September 2016 as against Rs 0.32 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.200.32 -38 OPM %-10.006.25 - PBDT-0.030.01 PL PBT-0.030.01 PL NP-0.030.01 PL

Powered by Capital Market - Live News

Advanced Micronic Devices reports standalone net loss of Rs 0.88 crore in the September 2016 quarter
Nov 28,2016

Net loss of Advanced Micronic Devices reported to Rs 0.88 crore in the quarter ended September 2016 as against net profit of Rs 0.56 crore during the previous quarter ended September 2015. Sales declined 56.86% to Rs 0.22 crore in the quarter ended September 2016 as against Rs 0.51 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.220.51 -57 OPM %-386.36-72.55 - PBDT-0.860.58 PL PBT-0.880.56 PL NP-0.880.56 PL

Powered by Capital Market - Live News

SpiceJet standalone net profit rises 103.10% in the September 2016 quarter
Nov 28,2016

Net profit of SpiceJet rose 103.10% to Rs 58.92 crore in the quarter ended September 2016 as against Rs 29.01 crore during the previous quarter ended September 2015. Sales rose 33.95% to Rs 1378.47 crore in the quarter ended September 2016 as against Rs 1029.12 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1378.471029.12 34 OPM %8.101.75 - PBDT107.3874.91 43 PBT58.9229.01 103 NP58.9229.01 103

Powered by Capital Market - Live News

Tide Water Oil Co (I) standalone net profit declines 15.77% in the September 2016 quarter
Nov 28,2016

Net profit of Tide Water Oil Co (I) declined 15.77% to Rs 18.26 crore in the quarter ended September 2016 as against Rs 21.68 crore during the previous quarter ended September 2015. Sales rose 1.33% to Rs 218.77 crore in the quarter ended September 2016 as against Rs 215.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales218.77215.89 1 OPM %9.7913.45 - PBDT29.6334.48 -14 PBT27.8632.67 -15 NP18.2621.68 -16

Powered by Capital Market - Live News

Board of Simplex Infrastructures to consider Q2 and half year results
Nov 26,2016

Simplex Infrastructures announced that a meeting of the Board of Directors of the Company is proposed to be held 03 December 2016, inter-alia to consider and approve the following:

i) The un-audited financial results of the Company for the second quarter and six months ended 30 September 2016.

ii) The un-audited financial results of the Company for the half year ended 30 September 2016.

Powered by Capital Market - Live News

Mahabir Metallex to announce September half year results
Nov 26,2016

Mahabir Metallex announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 December 2016, inter alia, to consider, approve and take on record the unaudited financial results of the Company for the half year ended 30 September 2016.

Powered by Capital Market - Live News

Bharti Airtel provides update on subsidiary Bharti Airtel International (Netherlands)
Nov 26,2016

Bharti Airtel International (Netherlands) BV through its wholly owned subsidiary (Airtel) has completed the acquisition of Econet Wireless entire 4.2% shareholding in Airtel Nigeria. As a result, Airtels overall holding in Airtel Nigeria has increased to 83.25%.

Powered by Capital Market - Live News

Indiabulls Housing Finance allots NCDs aggregating Rs 500 crore
Nov 26,2016

Indiabulls Housing Finance has allotted its first tranche of secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating Rs 500 crore on private placement basis.

Powered by Capital Market - Live News

Indiabulls Housing Finance allots NCDs aggregating Rs 500 crore
Nov 26,2016

Indiabulls Housing Finance has allotted its first tranche of secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating Rs 500 crore on private placement basis.

Powered by Capital Market - Live News