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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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Shri Niwas Leasing & Finance reports standalone net profit of Rs 0.06 crore in the June 2017 quarter
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Net profit of Shri Niwas Leasing & Finance remain constant at Rs 0.06 crore in the quarter ended June 2017 and also during the previous quarter ended June 2016. Sales declined 9.09% to Rs 0.10 crore in the quarter ended June 2017 as against Rs 0.11 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.100.11 -9 OPM %60.0054.55 - PBDT0.060.06 0 PBT0.060.06 0 NP0.060.06 0

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Maestros Electronics & Telecommunications Systems reports standalone net loss of Rs 0.10 crore in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales1.992.49 -20 OPM %-4.0210.84 - PBDT00.32 -100 PBT-0.100.16 PL NP-0.100.12 PL

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SRS Finance reports standalone net loss of Rs 2.99 crore in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.9914.56 -93 OPM %-174.7540.52 - PBDT-2.962.33 PL PBT-2.992.28 PL NP-2.991.68 PL

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Adhunik Industries standalone net profit declines 50.00% in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales82.54114.95 -28 OPM %4.593.59 - PBDT0.971.13 -14 PBT0.050.22 -77 NP0.070.14 -50

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Palco Metals reports standalone net loss of Rs 0.04 crore in the June 2017 quarter
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Net Loss of Palco Metals reported to Rs 0.04 crore in the quarter ended June 2017 as against net loss of Rs 0.04 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales4.616.51 -29 OPM %-39.7013.52 - PBDT-2.220.48 PL PBT-2.420.36 PL NP-2.420.25 PL

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KCP Sugar & Industries Corporation standalone net profit declines 25.72% in the June 2017 quarter
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Net profit of KCP Sugar & Industries Corporation declined 25.72% to Rs 11.29 crore in the quarter ended June 2017 as against Rs 15.20 crore during the previous quarter ended June 2016. Sales declined 19.96% to Rs 90.20 crore in the quarter ended June 2017 as against Rs 112.70 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales90.20112.70 -20 OPM %0.1816.23 - PBDT13.3121.13 -37 PBT12.6620.10 -37 NP11.2915.20 -26

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Osiajee Texfab standalone net profit declines 62.50% in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales2.0110.59 -81 OPM %1.490.76 - PBDT0.030.08 -63 PBT0.030.08 -63 NP0.030.08 -63

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Sai Capital reports standalone net loss of Rs 0.06 crore in the June 2017 quarter
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Net Loss of Sai Capital reported to Rs 0.06 crore in the quarter ended June 2017 as against net loss of Rs 0.23 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 as against Rs -0.19 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0-0.19 100 OPM %0121.05 - PBDT-0.06-0.23 74 PBT-0.06-0.23 74 NP-0.06-0.23 74

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Amarnath Securities standalone net profit rises 33.33% in the June 2017 quarter
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Net profit of Amarnath Securities rose 33.33% to Rs 0.04 crore in the quarter ended June 2017 as against Rs 0.03 crore during the previous quarter ended June 2016. Sales rose 12.50% to Rs 0.09 crore in the quarter ended June 2017 as against Rs 0.08 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.090.08 13 OPM %66.6750.00 - PBDT0.060.04 50 PBT0.060.04 50 NP0.040.03 33

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Indus Finance standalone net profit declines 63.64% in the June 2017 quarter
Aug 11,2017

Net profit of Indus Finance declined 63.64% to Rs 0.08 crore in the quarter ended June 2017 as against Rs 0.22 crore during the previous quarter ended June 2016. Sales declined 30.88% to Rs 0.47 crore in the quarter ended June 2017 as against Rs 0.68 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.470.68 -31 OPM %19.1551.47 - PBDT0.090.27 -67 PBT0.090.27 -67 NP0.080.22 -64

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Enbee Trade & Finance standalone net profit declines 44.44% in the June 2017 quarter
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ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales0.280.21 33 OPM %25.0061.90 - PBDT0.070.13 -46 PBT0.070.13 -46 NP0.050.09 -44

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Global Land Masters Corporation reports standalone net loss of Rs 0.06 crore in the June 2017 quarter
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Net Loss of Global Land Masters Corporation reported to Rs 0.06 crore in the quarter ended June 2017 as against net loss of Rs 0.06 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Tumus Electric Corporation reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
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Net loss of Tumus Electric Corporation reported to Rs 0.03 crore in the quarter ended June 2017 as against net profit of Rs 0.03 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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