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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Cadila gains after FDA nod for sclerosis treatment drug
Jul 17,2017

The announcement was made after market hours on Friday, 14 July 2017.

Meanwhile, the S&P BSE Sensex was up 57.96 points or 0.18% at 32,078.71.

On the BSE, 9,336 shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 543.20 and a low of Rs 539 so far during the day. The stock had hit a record high of Rs 558 on 12 June 2017 and a 52-week low of Rs 329.95 on 26 December 2016.

The stock had underperformed the market over the past one month till 14 July 2017, advancing 0.25% compared with the Sensexs 2.78% rise. The stock had, however, outperformed the market over the past one quarter, gaining 16.95% as against the Sensexs 8.69% rise. The scrip had also outperformed the market over the past one year, advancing 45.49% as against the Sensexs 14.6% rise.

The large-cap company has equity capital of Rs 102.37 crore. Face value per share is Rs 1.

Cadila Healthcare announced that it has received the tentative approval from the United States Food and Drug Administration (USFDA) to market Fingolimod Capsules, 0.5 mg. The drug is an immunomodulating drug, mostly used for treating multiple sclerosis and will be produced at the groups formulations manufacturing facility at the Pharma SEZ, in Ahmedabad. The sales of Fingolimod Capsules is estimated at $2.1 billion as per IMS Health data.

The group now has more than 120 approvals and has so far filed over 300 abbreviated new drug applications (ANDAs) since the commencement of the filing process in FY 2003-04.

Cadila Healthcares consolidated net profit fell 32.2% to Rs 385.5 crore on 6.5% rise in net sales to Rs 2417.50 crore in Q4 March 2017 over Q4 March 2016.

Cadila Healthcare is an innovative, global pharmaceutical company that discovers, develops, manufactures and markets a broad range of healthcare therapies.

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Shares of G G Engineering get listed
Jul 17,2017

The equity shares of G G Engineering (Scrip Code: 540614) are listed effective 17 July 2017 and admitted to dealings on the Exchange in the list of M Group Securities.

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Cadila Healthcare may gain after getting USFDA approval for drug
Jul 17,2017

Cadila Healthcare announced that it has received the tentative approval from the United States Food and Drug Administration (USFDA) to market Fingolimod Capsules, 0.5 mg. The drug is an immunomodulating drug, mostly used for treating multiple sclerosis and will be produced at the groups formulations manufacturing facility at the Pharma SEZ, in Ahmedabad. The sales of Fingolimod Capsules is estimated at $2.1 billion as per IMS Health data. The announcement was made after market hours on Friday, 14 July 2017.

The group now has more than 120 approvals and has so far filed over 300 abbreviated new drug applications (ANDAs) since the commencement of the filing process in FY 2003-04.

Among prominent companies, ACC and Jubilant FoodWorks will announce April-June 2017 results today, 17 July 2017.

Sunteck Realty announced that it has fixed 26 July 2017 as the record date for 2-for-1 stock split. The announcement was made after market hours on Friday, 14 July 2017.

Suzlon Energy announced on Saturday, 15 July 2017, the filing of voluntary liquidation of its Brazilian subsidiary Suzlon Energia Eolica do Brasil Ltda (SEOB). SEOB was established to manage business opportunities in Brazil in 2006. SEOB has taken this decision after carefully considering all options and as a consequence of multiple factors that are unique to Brazil, Suzlon said. The decision does not, in any way, alter Suzlons global operations strategy, it added.

DCB Banks net profit rose 39% to Rs 65 crore on 34% rise in total income to Rs 319 crore in Q1 June 2017 over Q1 June 2016. The announcement was made on Saturday, 15 July 2017.

Karnataka Banks net profit rose 10.13% to Rs 133.85 crore on 7.87% rise in total income to Rs 1547.94 crore in Q1 June 2017 over Q1 June 2016. The announcement was made on Saturday, 15 July 2017.

Gruh Finances net profit rose 20% to Rs 72.24 crore on 15% rise in total income to Rs 398.12 crore in Q1 June 2017 over Q1 June 2016. The announcement was made on Saturday, 15 July 2017.

TCPL Packaging said that board of directors of the company approved issue, offer and allotment of 4 lakh equity shares of the company at a price of Rs 600 per share on a preferential basis through private placement, for a total consideration of Rs 24 crore. The announcement was made on Saturday, 15 July 2017.

Alkem Laboratories said that USFDA had conducted an inspection at the companys Bioequivalence facility located at Taloja, India from 10th July, 2017 to 14th July, 2017. At the end of the inspection, no Form 483 was issued. The announcement was made after market hours on Friday, 14 July 2017.

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Pariksha Fin-Invest-Lease appoints company secretary cum CFO
Jul 15,2017

Pariksha Fin-Invest-Lease announced that the Board of Directors of the Company has appointed Shridhi Jain, as Company Secretary cum CFO of the Company in place of Kriti Gulati. She will also act as Compliance Officer of the company.

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NESCO to hold AGM
Jul 15,2017

NESCO announced that the 58th Annual General Meeting (AGM) of the company will be held on 14 August 2017.

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Navkar Corporation to hold board meeting
Jul 15,2017

Navkar Corporation will hold a meeting of the Board of Directors of the Company on 24 July 2017, to consider and take on record, the Unaudited Financial Results of the Company for the quarter ended June 30, 2017.

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Lancer Container Lines to hold board meeting
Jul 15,2017

Lancer Container Lines will hold a meeting of the Board of Directors of the Company on 18 July 2017 To increase the Authorized Share Capital and Alteration of the Capital clause in Memorandum of Association of the company.

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Cadila Healthcare to hold board meeting
Jul 15,2017

Cadila Healthcare will hold a meeting of the Board of Directors of the Company on 11 August 2017, to consider, inter alia, approve the unaudited financial results for the quarter ended on June 30, 2017.

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Gujarat State Financial Corporation to hold board meeting
Jul 15,2017

Gujarat State Financial Corporation will hold a meeting of the Board of Directors of the Company on 10 August 2017 Quarterly Results

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Page Industries to hold board meeting
Jul 15,2017

Page Industries will hold a meeting of the Board of Directors of the Company on 10 August 2017 to approve financial results for quarter ended 30th June 2017

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Gulf Oil Lubricants India to hold board meeting
Jul 15,2017

Gulf Oil Lubricants India will hold a meeting of the Board of Directors of the Company on 24 July 2017 to consider and approve inter-alia, the unaudited financial results of the Company for the first quarter ended June 30, 2017.

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Sovereign Diamonds to hold board meeting
Jul 15,2017

Sovereign Diamonds will hold a meeting of the Board of Directors of the Company on 29 July 2017, to consider Un-Audited Financial Results for the quarter ended 30th June, 2017

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Accel Frontline to hold board meeting
Jul 15,2017

Accel Frontline will hold a meeting of the Board of Directors of the Company on 5 August 2017, to approve the Unaudited Financial Results for the quarter ended 30th June, 2017.

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Sastasundar Ventures to hold AGM
Jul 15,2017

Sastasundar Ventures announced that the Annual General Meeting (AGM) of the company will be held on 8 August 2017.

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Container Corporation Of India to hold board meeting
Jul 15,2017

Container Corporation Of India will hold a meeting of the Board of Directors of the Company on 31 July 2017 to consider quarterly result for quarter ended on 30.06.2017.

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