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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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Indian Oil Corporation standalone net profit rises 85.48% in the March 2017 quarter
May 25,2017

Net profit of Indian Oil Corporation rose 85.48% to Rs 3720.62 crore in the quarter ended March 2017 as against Rs 2005.89 crore during the previous quarter ended March 2016. Sales rose 27.96% to Rs 100337.51 crore in the quarter ended March 2017 as against Rs 78415.51 crore during the previous quarter ended March 2016.

For the full year,net profit rose 74.84% to Rs 19106.40 crore in the year ended March 2017 as against Rs 10927.97 crore during the previous year ended March 2016. Sales rose 4.05% to Rs 359873.16 crore in the year ended March 2017 as against Rs 345861.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales100337.5178415.51 28 359873.16345861.88 4 OPM %4.396.05 -8.836.09 - PBDT5313.904411.67 20 32544.2120261.97 61 PBT3584.863094.60 16 26321.2415321.73 72 NP3720.622005.89 85 19106.4010927.97 75

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Marathwada Refractories reports standalone nil net profit/loss in the March 2017 quarter
May 25,2017

Marathwada Refractories reported no net profit/loss in the quarter ended March 2017 and during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.01 crore in the year ended March 2017. There were no net profit/loss reported during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Thambbi Modern Spinning Mills reports standalone net loss of Rs 0.32 crore in the March 2017 quarter
May 25,2017

Net Loss of Thambbi Modern Spinning Mills reported to Rs 0.32 crore in the quarter ended March 2017 as against net loss of Rs 0.08 crore during the previous quarter ended March 2016. Sales declined 13.95% to Rs 0.37 crore in the quarter ended March 2017 as against Rs 0.43 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.50 crore in the year ended March 2017 as against net loss of Rs 0.17 crore during the previous year ended March 2016. Sales declined 10.89% to Rs 1.80 crore in the year ended March 2017 as against Rs 2.02 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.370.43 -14 1.802.02 -11 OPM %-24.324.65 -20.0027.72 - PBDT-0.31-0.08 -288 -0.270.13 PL PBT-0.32-0.08 -300 -0.50-0.17 -194 NP-0.32-0.08 -300 -0.50-0.17 -194

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Nagreeka Exports reports standalone net loss of Rs 2.00 crore in the March 2017 quarter
May 25,2017

Net Loss of Nagreeka Exports reported to Rs 2.00 crore in the quarter ended March 2017 as against net loss of Rs 0.35 crore during the previous quarter ended March 2016. Sales rose 42.73% to Rs 204.63 crore in the quarter ended March 2017 as against Rs 143.37 crore during the previous quarter ended March 2016.

For the full year,net profit declined 59.06% to Rs 1.04 crore in the year ended March 2017 as against Rs 2.54 crore during the previous year ended March 2016. Sales rose 25.07% to Rs 615.62 crore in the year ended March 2017 as against Rs 492.22 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales204.63143.37 43 615.62492.22 25 OPM %2.023.84 -3.674.25 - PBDT2.392.40 0 10.139.82 3 PBT0.380.63 -40 3.423.52 -3 NP-2.00-0.35 -471 1.042.54 -59

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Timex Group India reports standalone net profit of Rs 5.25 crore in the March 2017 quarter
May 25,2017

Net profit of Timex Group India reported to Rs 5.25 crore in the quarter ended March 2017 as against net loss of Rs 1.15 crore during the previous quarter ended March 2016. Sales rose 19.88% to Rs 51.55 crore in the quarter ended March 2017 as against Rs 43.00 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.81 crore in the year ended March 2017 as against net loss of Rs 9.27 crore during the previous year ended March 2016. Sales rose 15.02% to Rs 198.62 crore in the year ended March 2017 as against Rs 172.68 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales51.5543.00 20 198.62172.68 15 OPM %11.741.91 -0.46-1.71 - PBDT5.72-0.51 LP -1.72-6.49 73 PBT5.25-1.15 LP -3.81-9.27 59 NP5.25-1.15 LP -3.81-9.27 59

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Bodal Chemicals standalone net profit rises 42.32% in the March 2017 quarter
May 25,2017

Net profit of Bodal Chemicals rose 42.32% to Rs 32.15 crore in the quarter ended March 2017 as against Rs 22.59 crore during the previous quarter ended March 2016. Sales rose 41.20% to Rs 287.79 crore in the quarter ended March 2017 as against Rs 203.82 crore during the previous quarter ended March 2016.

For the full year,net profit rose 48.51% to Rs 128.61 crore in the year ended March 2017 as against Rs 86.60 crore during the previous year ended March 2016. Sales rose 30.60% to Rs 1171.31 crore in the year ended March 2017 as against Rs 896.85 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales287.79203.82 41 1171.31896.85 31 OPM %18.8314.95 -18.8116.72 - PBDT57.0737.54 52 220.43149.74 47 PBT50.2130.48 65 194.58123.96 57 NP32.1522.59 42 128.6186.60 49

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Lakshmi Mills Company reports standalone net profit of Rs 0.85 crore in the March 2017 quarter
May 25,2017

Net profit of Lakshmi Mills Company reported to Rs 0.85 crore in the quarter ended March 2017 as against net loss of Rs 1.46 crore during the previous quarter ended March 2016. Sales rose 18.16% to Rs 62.73 crore in the quarter ended March 2017 as against Rs 53.09 crore during the previous quarter ended March 2016.

For the full year,net profit rose 9.52% to Rs 1.15 crore in the year ended March 2017 as against Rs 1.05 crore during the previous year ended March 2016. Sales rose 14.18% to Rs 227.45 crore in the year ended March 2017 as against Rs 199.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales62.7353.09 18 227.45199.20 14 OPM %6.745.26 -5.947.30 - PBDT2.990.44 580 11.338.77 29 PBT1.31-1.08 LP 4.731.84 157 NP0.85-1.46 LP 1.151.05 10

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Elcid Investments standalone net profit rises 24.14% in the March 2017 quarter
May 25,2017

Net profit of Elcid Investments rose 24.14% to Rs 1.08 crore in the quarter ended March 2017 as against Rs 0.87 crore during the previous quarter ended March 2016. Sales rose 19.23% to Rs 1.24 crore in the quarter ended March 2017 as against Rs 1.04 crore during the previous quarter ended March 2016.

For the full year,net profit rose 19.40% to Rs 24.19 crore in the year ended March 2017 as against Rs 20.26 crore during the previous year ended March 2016. Sales rose 19.05% to Rs 24.68 crore in the year ended March 2017 as against Rs 20.73 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.241.04 19 24.6820.73 19 OPM %85.4887.50 -96.8897.64 - PBDT1.260.93 35 25.0220.57 22 PBT1.220.86 42 24.8120.37 22 NP1.080.87 24 24.1920.26 19

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Jain Irrigation Systems standalone net profit rises 113.69% in the March 2017 quarter
May 25,2017

Net profit of Jain Irrigation Systems rose 113.69% to Rs 123.32 crore in the quarter ended March 2017 as against Rs 57.71 crore during the previous quarter ended March 2016. Sales declined 10.84% to Rs 1282.06 crore in the quarter ended March 2017 as against Rs 1437.96 crore during the previous quarter ended March 2016.

For the full year,net profit rose 167.87% to Rs 163.80 crore in the year ended March 2017 as against Rs 61.15 crore during the previous year ended March 2016. Sales declined 13.19% to Rs 3710.24 crore in the year ended March 2017 as against Rs 4273.94 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1282.061437.96 -11 3710.244273.94 -13 OPM %18.1018.77 -16.3316.01 - PBDT240.02184.57 30 384.29322.29 19 PBT181.65102.10 78 203.1892.98 119 NP123.3257.71 114 163.8061.15 168

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Board of Adani Ports & Special Economic Zone recommends final dividend
May 25,2017

Adani Ports & Special Economic Zone announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 1.3 per equity Share (i.e. 65%) , subject to the approval of the shareholders.

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Board of Cupid recommends final dividend
May 25,2017

Cupid announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Board of Abhijit Trading Company recommends final dividend
May 25,2017

Abhijit Trading Company announced that the Board of Directors of the Company at its meeting held on 24 May 2017, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 8%) , subject to the approval of the shareholders.

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Board of Capital Trust recommends final dividend
May 25,2017

Capital Trust announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Datamatics Global Services recommends final dividend
May 25,2017

Datamatics Global Services announced that the Board of Directors of the Company at its meeting held on 2 May 2017, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 15%) , subject to the approval of the shareholders.

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Board of Balaji Telefilms recommends final dividend
May 25,2017

Balaji Telefilms announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.4 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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