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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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Sharp India reports standalone net loss of Rs 2.52 crore in the June 2017 quarter
Aug 09,2017

Net Loss of Sharp India reported to Rs 2.52 crore in the quarter ended June 2017 as against net loss of Rs 3.18 crore during the previous quarter ended June 2016. Sales declined 97.47% to Rs 0.37 crore in the quarter ended June 2017 as against Rs 14.63 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.3714.63 -97 OPM %-556.76-15.38 - PBDT-2.11-2.75 23 PBT-2.52-3.18 21 NP-2.52-3.18 21

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Maral Overseas standalone net profit declines 81.12% in the June 2017 quarter
Aug 09,2017

Net profit of Maral Overseas declined 81.12% to Rs 0.54 crore in the quarter ended June 2017 as against Rs 2.86 crore during the previous quarter ended June 2016. Sales rose 8.00% to Rs 157.82 crore in the quarter ended June 2017 as against Rs 146.13 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales157.82146.13 8 OPM %3.997.79 - PBDT5.8610.78 -46 PBT1.334.62 -71 NP0.542.86 -81

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HB Stockholdings standalone net profit rises 286.30% in the June 2017 quarter
Aug 09,2017

Net profit of HB Stockholdings rose 286.30% to Rs 2.82 crore in the quarter ended June 2017 as against Rs 0.73 crore during the previous quarter ended June 2016. Sales rose 136.77% to Rs 3.67 crore in the quarter ended June 2017 as against Rs 1.55 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales3.671.55 137 OPM %88.0152.26 - PBDT3.230.81 299 PBT3.220.79 308 NP2.820.73 286

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Harita Seating Systems standalone net profit rises 8.64% in the June 2017 quarter
Aug 09,2017

Net profit of Harita Seating Systems rose 8.64% to Rs 3.90 crore in the quarter ended June 2017 as against Rs 3.59 crore during the previous quarter ended June 2016. Sales rose 12.03% to Rs 85.84 crore in the quarter ended June 2017 as against Rs 76.62 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales85.8476.62 12 OPM %7.145.66 - PBDT7.106.27 13 PBT5.385.19 4 NP3.903.59 9

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Honeywell Automation India standalone net profit rises 44.99% in the June 2017 quarter
Aug 09,2017

Net profit of Honeywell Automation India rose 44.99% to Rs 55.37 crore in the quarter ended June 2017 as against Rs 38.19 crore during the previous quarter ended June 2016. Sales rose 16.17% to Rs 655.53 crore in the quarter ended June 2017 as against Rs 564.28 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales655.53564.28 16 OPM %12.198.64 - PBDT88.6662.38 42 PBT84.7858.47 45 NP55.3738.19 45

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Peria Karamalai Tea & Produce Company standalone net profit rises 96.72% in the June 2017 quarter
Aug 09,2017

Net profit of Peria Karamalai Tea & Produce Company rose 96.72% to Rs 2.40 crore in the quarter ended June 2017 as against Rs 1.22 crore during the previous quarter ended June 2016. Sales declined 15.44% to Rs 10.35 crore in the quarter ended June 2017 as against Rs 12.24 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales10.3512.24 -15 OPM %36.5217.48 - PBDT3.682.02 82 PBT3.081.42 117 NP2.401.22 97

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Nirlon standalone net profit rises 29.40% in the June 2017 quarter
Aug 09,2017

Net profit of Nirlon rose 29.40% to Rs 19.06 crore in the quarter ended June 2017 as against Rs 14.73 crore during the previous quarter ended June 2016. Sales rose 3.86% to Rs 71.76 crore in the quarter ended June 2017 as against Rs 69.09 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales71.7669.09 4 OPM %78.2680.17 - PBDT42.3736.80 15 PBT26.1917.79 47 NP19.0614.73 29

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Forbes & Company standalone net profit declines 62.78% in the June 2017 quarter
Aug 09,2017

Net profit of Forbes & Company declined 62.78% to Rs 6.54 crore in the quarter ended June 2017 as against Rs 17.57 crore during the previous quarter ended June 2016. Sales rose 64.06% to Rs 73.32 crore in the quarter ended June 2017 as against Rs 44.69 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales73.3244.69 64 OPM %12.36-0.92 - PBDT9.1920.90 -56 PBT7.3019.61 -63 NP6.5417.57 -63

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Spice Mobility reports consolidated net loss of Rs 10.02 crore in the June 2017 quarter
Aug 09,2017

Net Loss of Spice Mobility reported to Rs 10.02 crore in the quarter ended June 2017 as against net loss of Rs 23.57 crore during the previous quarter ended June 2016. Sales declined 18.35% to Rs 193.74 crore in the quarter ended June 2017 as against Rs 237.27 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales193.74237.27 -18 OPM %-3.09-6.21 - PBDT-1.33-10.89 88 PBT-6.40-16.65 62 NP-10.02-23.57 57

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Ajanta Pharma consolidated net profit declines 20.71% in the June 2017 quarter
Aug 09,2017

Net profit of Ajanta Pharma declined 20.71% to Rs 94.79 crore in the quarter ended June 2017 as against Rs 119.55 crore during the previous quarter ended June 2016. Sales declined 0.58% to Rs 473.12 crore in the quarter ended June 2017 as against Rs 475.90 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales473.12475.90 -1 OPM %26.9434.87 - PBDT132.15171.02 -23 PBT118.73158.02 -25 NP94.79119.55 -21

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Apar Industries consolidated net profit declines 16.86% in the June 2017 quarter
Aug 09,2017

Net profit of Apar Industries declined 16.86% to Rs 38.96 crore in the quarter ended June 2017 as against Rs 46.86 crore during the previous quarter ended June 2016. Sales rose 19.18% to Rs 1304.35 crore in the quarter ended June 2017 as against Rs 1094.42 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1304.351094.42 19 OPM %7.3210.14 - PBDT73.5079.99 -8 PBT60.1370.18 -14 NP38.9646.86 -17

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PSP Projects standalone net profit rises 80.80% in the June 2017 quarter
Aug 09,2017

Net profit of PSP Projects rose 80.80% to Rs 13.56 crore in the quarter ended June 2017 as against Rs 7.50 crore during the previous quarter ended June 2016. Sales rose 81.04% to Rs 155.80 crore in the quarter ended June 2017 as against Rs 86.06 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales155.8086.06 81 OPM %12.7713.75 - PBDT22.6512.97 75 PBT20.8111.28 84 NP13.567.50 81

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Insecticides India standalone net profit rises 67.31% in the June 2017 quarter
Aug 09,2017

Net profit of Insecticides India rose 67.31% to Rs 30.50 crore in the quarter ended June 2017 as against Rs 18.23 crore during the previous quarter ended June 2016. Sales rose 13.85% to Rs 311.87 crore in the quarter ended June 2017 as against Rs 273.92 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales311.87273.92 14 OPM %16.2012.82 - PBDT46.4529.45 58 PBT42.1525.51 65 NP30.5018.23 67

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Shree Salasar Investments standalone net profit declines 87.50% in the June 2017 quarter
Aug 09,2017

Net profit of Shree Salasar Investments declined 87.50% to Rs 0.01 crore in the quarter ended June 2017 as against Rs 0.08 crore during the previous quarter ended June 2016. Sales reported to Rs 0.39 crore in the quarter ended June 2017. There were no Sales reported during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.390 0 OPM %64.100 - PBDT0.020.09 -78 PBT0.010.08 -88 NP0.010.08 -88

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Indoco Remedies reports standalone net loss of Rs 21.73 crore in the June 2017 quarter
Aug 09,2017

Net loss of Indoco Remedies reported to Rs 21.73 crore in the quarter ended June 2017 as against net profit of Rs 19.79 crore during the previous quarter ended June 2016. Sales declined 19.12% to Rs 204.22 crore in the quarter ended June 2017 as against Rs 252.50 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales204.22252.50 -19 OPM %0.6316.75 - PBDT-3.9439.67 PL PBT-20.8122.87 PL NP-21.7319.79 PL

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