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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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Autoline Industries provides update on its initiatives to achieve operational efficiency
Aug 05,2017

Autoline Industries announced that currently it is operating through its 9 manufacturing facilities spread across India along with in-house Design & Style Centre.

In continuation of Companys initiatives to achieve the operational efficiency, cost reduction and to reduce the debt, the Company has taken one more major step by way of consolidating one of its manufacturing facility situated at F-II, 24/25, MIDC, Pimpri, Pune to its Chakan Units, Pune.

The Company has entered into Memorandum of Understanding (MOU) on 03 August 2017 with the prospective buyer to transfer the said land and buildings thereon (immovable property). The Company will utilize the sale proceeds to settle the debt that has a charge on the above said immovable property and reduce overall debt exposure of the Company.

The Company believes that the consolidation of facilities will accrue substantial operational efficiency, cost savings, and smoothening of supply chain management by utilizing the available resources in Chakan Unit.

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United Van Der Horst appoints director
Aug 05,2017

United Van Der Horst announced that the Board of Directors of the Company at its meeting has approved the appointment of Sonal Singh DIN (01277322) as Additional Non - Executive Independent Director of Company with immediate effect i.e. 3 August 2017.

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Blue Cloud Softech Solutions declares Quarterly Result
Aug 05,2017

Blue Cloud Softech Solutions will hold a meeting of the Board of Directors of the Company on 14 August 2017, to consider the proposal for capital Reduction.

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Classic Filaments to hold board meeting
Aug 05,2017

Classic Filaments will hold a meeting of the Board of Directors of the Company on 10 August 2017, to consider and approve the Unaudited Financial Results of the Company for the quarter ended 30th June, 2017., and to approve the resignation of Ms. Savita Bhalia from the post of Independent Woman Director of the Company.

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Setting-Up of Rail Neer Water Plants
Aug 05,2017

Indian Railway Catering and Tourism Corporation Limited (IRCTC) has been mandated to set up Rail Neer Packaged Drinking Water plants in compliance of Budget Pronouncements. At present, 7 Rail Neer Plants are operational. During the current Financial Year 2017-18, one more Rail Neer Plant at Nagpur under PPP (Public Private Partnership) mode with production capacity of 72000 litres per day, shall start commercial production by October 2017. The approximate cost likely to be incurred on this plant is about Rs 8 crore, which comprises of the civil and electrical works and plant and machinery cost.

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MGNREGS - Focus on Durable Assets showing
Aug 05,2017

Mahatma Gandhi NREGS (MGNREGS) has seen a significant demand for wage labour specially for water conservation works. About 106 Crore person days have been generated in Financial Year 2017-18 (so far) with 80 lakh to 1 crore persons working every day. Over 84% of the workers are paid within 15 days, a remarkable improvement compared to earlier years. 98% payments are through the electronic Fund Management System (e-FMS). The Central Government has ensured timely release of funds and States have responded by strengthening the implementation machinery to provide timely payments.

The thrust on agriculture and allied activities, is visible at the field level with more than 70% expenditure on these works. Under Mission Water Conservation, 2264 water stressed Blocks have received special attention for Natural Resource Management including water harvesting and water conservation. Nearly 30 lakh individual beneficiary schemes like support for housing, construction of IHHLs, construction of goat shed, poultry shed and dairy shed, land development, etc. have been completed since 2015-16. Solid and Liquid Resource Management works have been taken up on a very large scale.

Over the last 28 months, 30.69 Lakh water related schemes have been completed including 9.70 lakh farm ponds. With a focus on production of organic manure to support agriculture, about 5.5 lakh Vermi/ NADEP Compost units have been completed during this period. MGNREGS has created over 93 lakh hectares irrigation potential in the last 2 years which is currently being evaluated by the Institute of Economic Growth (IEG), New Delhi. The Report will be public by 30 November 2017.

1.71 crore assets of MGNREGS have been geo-tagged so far and are in the public domain. 5.5 crore workers are already on the Aadhaar-based Payment System (ABPS) and the Aadhaar numbers of 9.23 crore workers have been seeded so far in NREGASoft MIS. 90% Job Cards have been verified and 1.18 crore Job Cards have been deleted so far after proper verification. There has been a registration of 1.02 crore new Job Cards to ensure that deprived households get work.

Independent Social Audit Units have been set up in 24 States and 3100 State Resource Persons have been trained to conduct social audit as per auditing standards finalized in consultation with the office of the Comptroller and Auditor General (C&AG). Large scale training of Self-Help Group women as Village Resource Persons for social audit is being undertaken. 5,547 Bare Foot Technicians (BFT) have been trained so far in 19 States to provide technical support at field level. The Ministry is trying to impress upon the States, the need to go for more BFTs in order to strengthen the technical resource pool.

The Ministry has updated the technical training modules with inclusion of Natural Resource Management perspective. 65000 technical persons supervising MGNREGS works across States/ UTs will be trained under cascading (training of trainers) model. The training has started and so far, 80 State Technical Resource Trainers have been trained.

There is an emphasis on information dissemination through various means including Citizen Information Boards at all worksites, wall writing at prominent places, mobile application, publications, etc. Record maintenance has been made easy and over 90% Gram Panchayats have already adopted the simplified 7 Registers. There is stress on standardization of case record/ Work file. A Public Information Campaign and a Janata Information System will be organized from 1-15 October 2017 at every Gram Panchayat level under the Gram Samriddhi and Swachchata Pakhwada.

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Onelife Capital Advisors schedules board meeting
Aug 05,2017

Onelife Capital Advisors will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Maestros Electronics & Telecomm. Sys. to discuss results
Aug 05,2017

Maestros Electronics & Telecomm. Sys. will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Jupiter Infomedia to conduct board meeting
Aug 05,2017

Jupiter Infomedia will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Visa Steel schedules board meeting
Aug 05,2017

Visa Steel will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Compuage Infocom to convene board meeting
Aug 05,2017

Compuage Infocom will hold a meeting of the Board of Directors of the Company on 14 August 2017.

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Kanika Infrastructure & Power to table results
Aug 05,2017

Kanika Infrastructure & Power will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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AF Enterprises to announce Quarterly Result
Aug 05,2017

AF Enterprises will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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Anshus Clothing to convene board meeting
Aug 05,2017

Anshus Clothing will hold a meeting of the Board of Directors of the Company on 12 August 2017.

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S E Power announces board meeting date
Aug 05,2017

S E Power will hold a meeting of the Board of Directors of the Company on 8 August 2017.

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