My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Ind-Ra: Market Share Gains to Continue for NBFCs in FY18
Feb 16,2017

India Ratings and Research (Ind-Ra) has maintained a stable outlook on the non-bank finance company (NBFC) sector and on the major NBFCs rated by it for FY18. Ind-Ra believes that NBFCs would continue to gain market share on account of their nimbleness & efficiency and fill the space vacated by mid-sized public sector banks owing to either capital constraints, flight to safety or limited ability to price in the risk. Public sector banks year-on-year loan growth in 9MFY17 was almost flat.

Ind-Ra, however, also believes that the governments drive to integrate informal economy into the formal segment and reduce unaccounted income, and digital push, if followed through, will significantly change operating dynamics for some of the asset classes. Few of the competitive strengths of NBFCs especially the informal method of income assessment for certain asset classes (loan against property, new commercial vehicle (CV) lending) may become less relevant in the medium to long term and increase banks participation.

Ind-Ra believes that some of the asset classes in the retail asset segment, which had started showing stable delinquency rates in 1HFY17, are likely to see asset quality pressures in 4QFY17. This may flow into 1HFY18 as the lagged impact of demonetisation is felt across retail and wholesale NBFCs. Retail NBFCs should, however, start recovering in 2HFY18, though the recovery for wholesale NBFCs is likely to be more gradual. The headline NPL ratio, however, will remain high in FY18, on account of a slow recovery in the stock of delinquent loans as well as the transition to 90 days past due (dpd) basis for NPL recognition in 4QFY18 from 120dpd in 4QFY17. The agency estimates the gross NPL ratio for Ind-Ra rated asset finance companies to reach 7.6% at FYE18 (1HFY17: 4.8%; FYE17: 6.8%).

Most highly rated NBFCs are structurally strong with strong buffers of capitalisation, profitability and liquidity, to absorb shocks. Capitalisation ratios of highly rated NBFCs remain well above the minimum regulatory requirement of 10% under Ind-Ras stress test conditions.

Recently, both the regulator and government have been maintaining a favourable stance towards the sector; starting with the latest announcement where SME loans up to INR20 million by NBFCs will be covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises and the government notification covering systemically important NBFCs under SARFAESI Act. These measures would strengthen the NBFCs ability to lend and mitigate loss given default while speeding up recovery timelines. While the ongoing transition to 90-dpd NPL recognition may impact credit costs and profitability during the transition period, it would increase transparency, thereby opening up avenues for funding.

OUTLOOK SENSITIVITIES

A material weakening in liquidity, profitability and equity buffers to absorb credit costs shocks commensurate with portfolio risk could lead to a negative sector outlook. Aggressive loan growth with high-risk appetite without commensurate buffers or high, material mismatches in asset-liability tenors resulting in refinancing risk can also lead to negative rating actions. Conversely, a strong through-the-cycle operating performance, stable asset quality, robust capital buffers and a diversified & granular funding profile can lead to positive rating actions.

Powered by Capital Market - Live News

Infronics Systems reports standalone net loss of Rs 0.17 crore in the December 2016 quarter
Feb 16,2017

Net loss of Infronics Systems reported to Rs 0.17 crore in the quarter ended December 2016 as against net profit of Rs 0.71 crore during the previous quarter ended December 2015. Sales rose 375.00% to Rs 4.94 crore in the quarter ended December 2016 as against Rs 1.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales4.941.04 375 OPM %-1.01-10.58 - PBDT-0.050.59 PL PBT-0.170.55 PL NP-0.170.71 PL

Powered by Capital Market - Live News

Abhishek Infraventures reports standalone net loss of Rs 0.01 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Abhishek Infraventures reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.19 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 as against Rs 1.01 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales01.01 -100 OPM %00.99 - PBDT-0.010.01 PL PBT-0.010.01 PL NP-0.01-0.19 95

Powered by Capital Market - Live News

Mazda Properties reports standalone net loss of Rs 0.02 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Mazda Properties reported to Rs 0.02 crore in the quarter ended December 2016 as against net loss of Rs 0.02 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

Powered by Capital Market - Live News

NR International standalone net profit rises 1500.00% in the December 2016 quarter
Feb 16,2017

Net profit of NR International rose 1500.00% to Rs 0.48 crore in the quarter ended December 2016 as against Rs 0.03 crore during the previous quarter ended December 2015. Sales declined 9.88% to Rs 1.55 crore in the quarter ended December 2016 as against Rs 1.72 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.551.72 -10 OPM %33.556.40 - PBDT0.520.11 373 PBT0.480.03 1500 NP0.480.03 1500

Powered by Capital Market - Live News

Ayepee Lamitubes standalone net profit declines 25.00% in the December 2016 quarter
Feb 16,2017

Net profit of Ayepee Lamitubes declined 25.00% to Rs 0.06 crore in the quarter ended December 2016 as against Rs 0.08 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

Powered by Capital Market - Live News

Hindustan Housing Company standalone net profit rises 450.00% in the December 2016 quarter
Feb 16,2017

Net profit of Hindustan Housing Company rose 450.00% to Rs 0.22 crore in the quarter ended December 2016 as against Rs 0.04 crore during the previous quarter ended December 2015. Sales rose 20.24% to Rs 1.01 crore in the quarter ended December 2016 as against Rs 0.84 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.010.84 20 OPM %28.7126.19 - PBDT0.360.25 44 PBT0.290.13 123 NP0.220.04 450

Powered by Capital Market - Live News

Ortin Laboratories reports standalone net loss of Rs 0.49 crore in the December 2016 quarter
Feb 16,2017

Net loss of Ortin Laboratories reported to Rs 0.49 crore in the quarter ended December 2016 as against net profit of Rs 0.12 crore during the previous quarter ended December 2015. Sales rose 9.90% to Rs 9.55 crore in the quarter ended December 2016 as against Rs 8.69 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales9.558.69 10 OPM %13.9314.27 - PBDT0.610.47 30 PBT0.180.05 260 NP-0.490.12 PL

Powered by Capital Market - Live News

Minda Corporation standalone net profit rises 57.32% in the December 2016 quarter
Feb 16,2017

Net profit of Minda Corporation rose 57.32% to Rs 17.62 crore in the quarter ended December 2016 as against Rs 11.20 crore during the previous quarter ended December 2015. Sales rose 6.65% to Rs 188.87 crore in the quarter ended December 2016 as against Rs 177.10 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales188.87177.10 7 OPM %12.3011.41 - PBDT26.3620.05 31 PBT21.5515.42 40 NP17.6211.20 57

Powered by Capital Market - Live News

Saffron Industries standalone net profit declines 95.52% in the December 2016 quarter
Feb 16,2017

Net profit of Saffron Industries declined 95.52% to Rs 0.03 crore in the quarter ended December 2016 as against Rs 0.67 crore during the previous quarter ended December 2015. Sales declined 60.08% to Rs 3.78 crore in the quarter ended December 2016 as against Rs 9.47 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales3.789.47 -60 OPM %9.2610.77 - PBDT0.351.02 -66 PBT0.030.67 -96 NP0.030.67 -96

Powered by Capital Market - Live News

Nilachal Refractories reports standalone net loss of Rs 0.83 crore in the December 2016 quarter
Feb 16,2017

Net Loss of Nilachal Refractories reported to Rs 0.83 crore in the quarter ended December 2016 as against net loss of Rs 0.71 crore during the previous quarter ended December 2015. Sales rose 184.62% to Rs 0.37 crore in the quarter ended December 2016 as against Rs 0.13 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.370.13 185 OPM %-213.51-276.92 - PBDT-0.83-0.71 -17 PBT-0.83-0.71 -17 NP-0.83-0.71 -17

Powered by Capital Market - Live News

Aryaman Financial Services standalone net profit rises 30.00% in the December 2016 quarter
Feb 16,2017

Net profit of Aryaman Financial Services rose 30.00% to Rs 0.26 crore in the quarter ended December 2016 as against Rs 0.20 crore during the previous quarter ended December 2015. Sales rose 51.95% to Rs 1.17 crore in the quarter ended December 2016 as against Rs 0.77 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales1.170.77 52 OPM %39.3235.06 - PBDT0.410.28 46 PBT0.380.25 52 NP0.260.20 30

Powered by Capital Market - Live News

Fortune International reports standalone net loss of Rs 0.08 crore in the December 2016 quarter
Feb 16,2017

Net loss of Fortune International reported to Rs 0.08 crore in the quarter ended December 2016 as against net profit of Rs 0.04 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

Powered by Capital Market - Live News

Amco India standalone net profit declines 40.48% in the December 2016 quarter
Feb 16,2017

Net profit of Amco India declined 40.48% to Rs 0.25 crore in the quarter ended December 2016 as against Rs 0.42 crore during the previous quarter ended December 2015. Sales rose 13.28% to Rs 13.56 crore in the quarter ended December 2016 as against Rs 11.97 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales13.5611.97 13 OPM %6.348.27 - PBDT0.600.78 -23 PBT0.250.42 -40 NP0.250.42 -40

Powered by Capital Market - Live News

Olympia Capitals reports standalone nil net profit/loss in the December 2016 quarter
Feb 16,2017

Olympia Capitals reported no net profit/loss in the quarter ended December 2016 as against net profit of Rs 0.10 crore during the previous quarter ended December 2015. There were no Sales reported in the quarter ended December 2016 and during the previous quarter ended December 2015.

Powered by Capital Market - Live News