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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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Board of Summit Securities to consider Q3 and 9M results
Jan 20,2017

Summit Securities announced that a meeting of the Board of Directors of the Company is scheduled on 02 February 2017, inter alia, to consider and approve the Un-audited Standalone Financial Results for the quarter and nine months ended 31 December 2016.

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Mcleod Russel India to announce Q3 results
Jan 20,2017

Mcleod Russel India announced that a Meeting of the Board of Directors of the Company will be held on 03 February 2017, inter alia, to consider and approve the Unaudited Standalone Financial Results of the Company for the Quarter ended 31 December 2016 (Q3).

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Tamil Nadu Petro Products to consider December quarter results
Jan 20,2017

Tamil Nadu Petro Products announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 02 February 2017, inter alia, to consider and approve the Un-audited Financial Results of the Company for the quarter ended 31 December 2016.

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Board of Maral Overseas considers redemption of preference shares aggregating Rs 4.71 cr
Jan 20,2017

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Board of Gagan Polycot India approves merger with Gagann Polyplast
Jan 20,2017

Gagan Polycot India announced that the members of the Company at the Board Meeting held on 20 January 2017, have duly approved the business as specified in the notice convening the said meeting viz:

1. Approval of Merger with the Company named Gagann Polyplast.

2. Appointment of the necessary intermediaries for the said merger.

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Board of Pasupati Acrylon to consider Q3 and 9M results
Jan 20,2017

Pasupati Acrylon is convening a Board Meeting on 10 February 2017 to take on record the Unaudited Financial Results (Reviewed) for the quarter / nine months ended 31 December 2016.

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Atul slips after weak Q3 earnings
Jan 20,2017

The result was announced during trading hours today, 20 January 2017.

Meanwhile, the BSE Sensex was down 278.61 points, or 1.02%, to 27,029.99.

On the BSE, so far 61,000 shares were traded in the counter, compared with average daily volumes of 4,895 shares in the past one quarter. The stock had hit a high of Rs 2,290 and a low of Rs 2,109.25 so far during the day.

The stock hit a 52-week high of Rs 2,489.10 on 21 October 2016. The stock hit a 52-week low of Rs 1,275.20 on 17 February 2016.

Atul is one of the largest integrated chemical companies of India.

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Alembic reports standalone net profit of Rs 0.69 crore in the December 2016 quarter
Jan 20,2017

Net profit of Alembic reported to Rs 0.69 crore in the quarter ended December 2016 as against net loss of Rs 3.91 crore during the previous quarter ended December 2015. Sales rose 5.23% to Rs 25.17 crore in the quarter ended December 2016 as against Rs 23.92 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales25.1723.92 5 OPM %4.41-9.62 - PBDT2.08-1.72 LP PBT0.81-2.71 LP NP0.69-3.91 LP

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Super Crop Safe standalone net profit rises 58.33% in the December 2016 quarter
Jan 20,2017

Net profit of Super Crop Safe rose 58.33% to Rs 0.57 crore in the quarter ended December 2016 as against Rs 0.36 crore during the previous quarter ended December 2015. Sales rose 24.46% to Rs 18.47 crore in the quarter ended December 2016 as against Rs 14.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales18.4714.84 24 OPM %6.335.05 - PBDT0.700.51 37 PBT0.640.36 78 NP0.570.36 58

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NIIT reports standalone net loss of Rs 12.72 crore in the December 2016 quarter
Jan 20,2017

Net Loss of NIIT reported to Rs 12.72 crore in the quarter ended December 2016 as against net loss of Rs 14.77 crore during the previous quarter ended December 2015. Sales declined 9.19% to Rs 82.52 crore in the quarter ended December 2016 as against Rs 90.87 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales82.5290.87 -9 OPM %-10.87-7.42 - PBDT-6.86-7.57 9 PBT-12.46-14.16 12 NP-12.72-14.77 14

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Jyothy Laboratories standalone net profit rises 12.48% in the December 2016 quarter
Jan 20,2017

Net profit of Jyothy Laboratories rose 12.48% to Rs 29.29 crore in the quarter ended December 2016 as against Rs 26.04 crore during the previous quarter ended December 2015. Sales rose 4.80% to Rs 370.27 crore in the quarter ended December 2016 as against Rs 353.32 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales370.27353.32 5 OPM %13.8414.23 - PBDT50.8748.92 4 PBT37.4435.57 5 NP29.2926.04 12

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Mindtree consolidated net profit declines 26.72% in the December 2016 quarter
Jan 20,2017

Net profit of Mindtree declined 26.72% to Rs 103.10 crore in the quarter ended December 2016 as against Rs 140.70 crore during the previous quarter ended December 2015. Sales rose 7.09% to Rs 1295.30 crore in the quarter ended December 2016 as against Rs 1209.50 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1295.301209.50 7 OPM %13.4317.69 - PBDT183.80227.10 -19 PBT137.90183.60 -25 NP103.10140.70 -27

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SRG Housing Finance standalone net profit rises 28.95% in the December 2016 quarter
Jan 20,2017

Net profit of SRG Housing Finance rose 28.95% to Rs 0.49 crore in the quarter ended December 2016 as against Rs 0.38 crore during the previous quarter ended December 2015. Sales rose 40.48% to Rs 3.54 crore in the quarter ended December 2016 as against Rs 2.52 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.542.52 40 OPM %64.6961.51 - PBDT0.800.58 38 PBT0.720.56 29 NP0.490.38 29

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Jyothy Laboratories consolidated net profit rises 6.59% in the December 2016 quarter
Jan 20,2017

Net profit of Jyothy Laboratories rose 6.59% to Rs 21.51 crore in the quarter ended December 2016 as against Rs 20.18 crore during the previous quarter ended December 2015. Sales rose 3.31% to Rs 383.39 crore in the quarter ended December 2016 as against Rs 371.12 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales383.39371.12 3 OPM %13.2113.83 - PBDT38.7938.74 0 PBT31.4531.35 0 NP21.5120.18 7

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Adani Power reports standalone net loss of Rs 478.39 crore in the December 2016 quarter
Jan 20,2017

Net Loss of Adani Power reported to Rs 478.39 crore in the quarter ended December 2016 as against net loss of Rs 30.24 crore during the previous quarter ended December 2015. Sales declined 5.85% to Rs 2886.56 crore in the quarter ended December 2016 as against Rs 3065.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales2886.563065.77 -6 OPM %13.1026.20 - PBDT-234.10227.40 PL PBT-478.36-30.24 -1482 NP-478.39-30.24 -1482

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