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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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Mitshi India reports standalone net loss of Rs 0.08 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Mitshi India reported to Rs 0.08 crore in the quarter ended September 2016 as against net loss of Rs 0.06 crore during the previous quarter ended September 2015. Sales rose 50.00% to Rs 0.03 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030.02 50 OPM %-233.33-300.00 - PBDT-0.07-0.06 -17 PBT-0.08-0.06 -33 NP-0.08-0.06 -33

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PALCO reports standalone net loss of Rs 0.38 crore in the September 2016 quarter
Nov 18,2016

Net Loss of PALCO reported to Rs 0.38 crore in the quarter ended September 2016 as against net loss of Rs 0.08 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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Lalit Polymers & Electronics reports standalone net loss of Rs 0.02 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Lalit Polymers & Electronics reported to Rs 0.02 crore in the quarter ended September 2016 as against net loss of Rs 0.01 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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Triochem Products standalone net profit rises 291.67% in the September 2016 quarter
Nov 18,2016

Net profit of Triochem Products rose 291.67% to Rs 0.47 crore in the quarter ended September 2016 as against Rs 0.12 crore during the previous quarter ended September 2015. Sales declined 20.00% to Rs 6.12 crore in the quarter ended September 2016 as against Rs 7.65 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.127.65 -20 OPM %12.093.53 - PBDT0.750.20 275 PBT0.680.14 386 NP0.470.12 292

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Dion Global Solutions reports consolidated net loss of Rs 12.33 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Dion Global Solutions reported to Rs 12.33 crore in the quarter ended September 2016 as against net loss of Rs 5.07 crore during the previous quarter ended September 2015. Sales declined 16.65% to Rs 55.86 crore in the quarter ended September 2016 as against Rs 67.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.8667.02 -17 OPM %2.522.97 - PBDT-8.34-2.12 -293 PBT-12.85-6.33 -103 NP-12.33-5.07 -143

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Anubhav Industrial Resources reports standalone nil net profit/loss in the September 2016 quarter
Nov 18,2016

Anubhav Industrial Resources reported no net profit/loss in the quarter ended September 2016 as against net profit of Rs 0.01 crore during the previous quarter ended September 2015. Sales declined 66.67% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.06 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.06 -67 OPM %033.33 - PBDT00.02 -100 PBT00.02 -100 NP00.01 -100

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Infibeam Incorporation standalone net profit declines 76.05% in the September 2016 quarter
Nov 18,2016

Net profit of Infibeam Incorporation declined 76.05% to Rs 6.40 crore in the quarter ended September 2016 as against Rs 26.72 crore during the previous quarter ended September 2015. Sales rose 156.72% to Rs 16.43 crore in the quarter ended September 2016 as against Rs 6.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales16.436.40 157 OPM %23.4916.88 - PBDT14.515.40 169 PBT13.214.55 190 NP6.4026.72 -76

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Bengal & Assam Company standalone net profit rises 12.50% in the September 2016 quarter
Nov 18,2016

Net profit of Bengal & Assam Company rose 12.50% to Rs 18.27 crore in the quarter ended September 2016 as against Rs 16.24 crore during the previous quarter ended September 2015. Sales rose 14.18% to Rs 23.60 crore in the quarter ended September 2016 as against Rs 20.67 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales23.6020.67 14 OPM %96.6595.55 - PBDT18.4916.64 11 PBT18.4116.57 11 NP18.2716.24 13

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Millitoons Entertainment standalone net profit rises 850.00% in the September 2016 quarter
Nov 18,2016

Net profit of Millitoons Entertainment rose 850.00% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 200.00% to Rs 1.02 crore in the quarter ended September 2016 as against Rs 0.34 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.020.34 200 OPM %26.472.94 - PBDT0.270.03 800 PBT0.270.03 800 NP0.190.02 850

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BLS International Services standalone net profit declines 11.50% in the September 2016 quarter
Nov 18,2016

Net profit of BLS International Services declined 11.50% to Rs 1.00 crore in the quarter ended September 2016 as against Rs 1.13 crore during the previous quarter ended September 2015. Sales rose 7.09% to Rs 5.89 crore in the quarter ended September 2016 as against Rs 5.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.895.50 7 OPM %31.4143.27 - PBDT1.872.25 -17 PBT1.501.71 -12 NP1.001.13 -12

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SGN Telecoms reports standalone nil net profit/loss in the September 2016 quarter
Nov 18,2016

SGN Telecoms reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.01 crore during the previous quarter ended September 2015. Sales reported to Rs 0.01 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.010 0 OPM %00 - PBDT0-0.01 100 PBT0-0.01 100 NP0-0.01 100

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Compucom Software standalone net profit rises 65.13% in the September 2016 quarter
Nov 18,2016

Net profit of Compucom Software rose 65.13% to Rs 3.22 crore in the quarter ended September 2016 as against Rs 1.95 crore during the previous quarter ended September 2015. Sales declined 7.91% to Rs 13.15 crore in the quarter ended September 2016 as against Rs 14.28 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.1514.28 -8 OPM %67.8348.46 - PBDT8.676.50 33 PBT5.002.87 74 NP3.221.95 65

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Reliable Ventures India reports standalone net loss of Rs 0.22 crore in the September 2016 quarter
Nov 18,2016

Net Loss of Reliable Ventures India reported to Rs 0.22 crore in the quarter ended September 2016 as against net loss of Rs 0.81 crore during the previous quarter ended September 2015. Sales rose 9.59% to Rs 2.97 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. Sales2.972.71 10 OPM %4.04-18.82 - PBDT0.13-0.45 LP PBT-0.22-0.81 73 NP-0.22-0.81 73

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Mudunuru standalone net profit rises 26.67% in the September 2016 quarter
Nov 18,2016

Net profit of Mudunuru rose 26.67% to Rs 0.19 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales declined 5.26% to Rs 2.52 crore in the quarter ended September 2016 as against Rs 2.66 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2.522.66 -5 OPM %15.8726.69 - PBDT0.400.71 -44 PBT0.200.24 -17 NP0.190.15 27

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Vax Housing Finance Corporation reports standalone net profit of Rs 0.01 crore in the September 2016 quarter
Nov 18,2016

Net profit of Vax Housing Finance Corporation remain constant at Rs 0.01 crore in the quarter ended September 2016 and also during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 as against Rs 0.07 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales00.07 -100 OPM %014.29 - PBDT0.010.01 0 PBT0.010.01 0 NP0.010.01 0

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