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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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CHD Chemicals to hold board meeting
Feb 15,2017

CHD Chemicals will hold a meeting of the Board of Directors of the Company on 17 February 2017, to discuss and approve the Preferential Issue of Shares Warrants.

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MSR India to hold board meeting
Feb 15,2017

MSR India will hold a meeting of the Board of Directors of the Company on 17 February 2017.

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Premco Global to hold board meeting
Feb 15,2017

Premco Global will hold a meeting of the Board of Directors of the Company on 20 February 2017, to fix, date, place and time for calling of Extra-ordinary General Meeting to consider the Special resolution for Premco Global Limited- Employee Stock Option Scheme.

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EID Parry (India) to hold board meeting
Feb 15,2017

EID Parry (India) will hold a meeting of the Board of Directors of the Company on 21 February 2017, to consider declaration of Interim Dividend on the equity capital for the financial year ending March 31, 2017.

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Board of Winsome Breweries approves change in directorate
Feb 15,2017

Winsome Breweries announced that the Board of Directors of the Company at its meeting held on 14 February 2017, inter alia, has transacted the following business:

1. Appointed Nakul Pasricha as an Additional (Independent) Director; and

2. Took on record the resignation of Sumer Chand Jain as an Independent director.

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Fortis Healthcare provides update on subsidiary - Fortis Hospitals
Feb 15,2017

Fortis Healthcare announced that Fortis Hospitals, subsidiary of the Company on 15 February 2017 has informed the Company that it has increased its shareholding in Fortis Health Management (East) (FHMEL) by 6,000 equity shares (i.e. 12% of total paid-up share capital of FHMEL ) of Rs. 10 each.

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Total foodgrains production in the country is estimated at record 271.98 MT
Feb 15,2017

As per 2nd Advance Estimates, the estimated production of major crops during 2016-17 is as under:

Foodgrains - 271.98 million tonnes (record)

n++ Rice - 108.86 million tonnes (record)

n++ Wheat - 96.64 million tonnes (record)

n++ Coarse Cereals - 44.34 million tonnes (record)

n++ Maize - 26.15 million tonnes (record)

n++ Pulses - 22.14 million tonnes (record)

n++ Gram - 9.12 million tonnes

n++ Tur - 4.23 million tonnes (record)

n++ Urad - 2.89 million tonnes (record)

Oilseeds - 33.60 million tonnes (record)

n++ Soyabean - 14.13 million tonnes

n++ Groundnut - 8.47 million tonnes

n++ Castorseed - 1.74 million tonnes

Cotton - 32.51 million bales (of 170 kg each)

Sugarcane - 309.98 million tonnes

As a result of very good rainfall during monsoon 2016 and various policy initiatives taken by the Government, the country has witnessed record foodgrain production in the current year. As per Second Advance Estimates for 2016-17, total Foodgrain production in the country is estimated at 271.98 million tonnes which is higher by 6.94 million tonnes than the previous record production of Foodgrain of 265.04 million tonnes achieved during 2013-14. The current years production is also higher by 14.97 million tonnes than the previous five years (2011-12 to 2015-16) average production of Foodgrains. The current years production is significantly higher by 20.41 million tonnes than the last years foodgrain production.

Total production of Rice is estimated at record 108.86 million tonnes which is also a new record. This years Rice production is higher by 2.21 million tonnes than previous record production of 106.65 million tonnes achieved during 2013-14. It is also higher by 3.44 million tonnes than the five years average Rice production of 105.42 million tonnes. Production of rice has increased significantly by 4.45 million tonnes than the production of 104.41 million tonnes during 2015-16.

Production of Wheat, estimated at 96.64 million tonnes is also a record. This years wheat production is higher than the previous record production of 95.85 million tonnes achieved during 2013-14. Production of Wheat during 2016-17 is also higher by 4.03 million tonnes than the average wheat production. The current years production is higher by 4.36 million tonnes as compared to Wheat production of 92.29 million tonnes achieved during 2015-16.

Production of Coarse Cereals estimated at a new record level of 44.34 million tonnes is higher than the average production by 3.00 million tonnes. It is higher than the previous record production of 43.40 million tonnes achieved during 2010-11 by 0.94 million tonnes. Current years production it is also higher by 5.82 million tonnes as compared to their production of 38.52 million tonnes achieved during 2015-16.

As a result of significant increase in the area coverage and productivity of all major Pulses, total production of pulses during 2016-17 is estimated at 22.14 million tonnes which is higher by 2.89 million tonnes than the previous record production of 19.25 million tonnes achieved during 2013-14. Production of Pulses during 2016-17 is also higher by 4.50 million tonnes than their Five years average production. Current years production is higher by 5.79 million tonnes than the previous years production of 16.35 million tonnes.

With an increase of 8.35 million tonnes over the previous year, total Oilseeds production in the country is estimated at record level of 33.60 million tonnes. It is higher by 0.85 million tonnes than the previous record production of 32.75 million tonnes achieved during 2013-14. The production of Oilseeds during 2016-17 is also higher by 4.34 million tonnes than the five years average Oilseeds production. The current years production is significantly higher than the production of 25.25 million tonnes during 2015-16.

Production of Sugarcane is estimated at 309.98 million tonnes which is lower by 38.46 million tonnes than the last years production of 348.45 million tonnes.

Despite lower area coverage during 2016-17, higher productivity of Cotton has resulted into higher production of 32.51 million bales (of 170 kg each) as compared to 30.01 million bales during 2015-16.

Production of Jute & Mesta estimated at 10.06 million bales (of 180 kg each) is marginally lower than their production of 10.52 million bales during the last year.

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Maruti Suzuki India launches Ertiga Limited Edition
Feb 15,2017

Maruti Suzuki India announced the launch of Ertiga Limited Edition. This Limited Edition Ertiga will be available only in the VXi and VDi variants priced in the range of Rs 7.85 - 8.10 lakh ex showroom, New Delhi.

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MOIL announces appointment of Nominee Director
Feb 15,2017

MOIL announced that the Company has received letter from Government of India vide Letter dated 14 February 2017 regarding appointment of Manohar Lai Dubey for the post of Government Nominee Director on the Board of MOIL with immediate effect.

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Pincon Spirit receives revision in credit ratings
Feb 15,2017

Pincon Spirit has received revision in credit ratings from SMERA Ratings on Companys existing bank facilities and proposed issue of NCDs from SMERA BBB to SMERA BBB+.

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Geometric allots 526,600 equity shares
Feb 15,2017

Geometric announced that the Company has received an application for allotment of 526,600 equity shares against unexercised options by the employees of Geometric and its subsidiaries from the ESOP Trust, set up for the purpose of permitting cashless exercise by the employees of their unexercised stock options, pursuant to the Composite Scheme of Arrangement and Amalgamation.

The Board has passed the resolution by circulation and have approved the allotment of 526,600 (Five lakhs twenty six thousand six hundred only) Equity shares of Rs. 2/- each on the exercise of stock options under the ESOP Scheme 2011, ESOP Scheme 2013 - Employees and ESOP Scheme 2013 -Directors to ESOP Trust.

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Rupee slips
Feb 15,2017

Rupee closed lower on Wednesday (15 February 2017) at 66.8950/9050 per dollar, versus its previous close of 66.8650/8750 per dollar.

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Nutraplus India fixes record date for sub-division of shares
Feb 15,2017

Nutraplus India has fixed 28 February 2017 as the Record Date for the purpose of sub-division of Rs. 10/- per share of the Company into the shares of Rs. 5/- each.

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Shriram Transport Finance Company issues Senior Secured Notes due 2020
Feb 15,2017

Shriram Transport Finance Company announced that the Company has issued on 15 February 2017 the Senior Secured Notes due 2020 payable in U.S. Dollars with coupon of 8.25% p.a. amounting to Rs. 700 crore (the Rupee Denominated Bonds) to Credit Suisse AG, Singapore Branch, International Finance Corporation and Deutsche Bank AG, Singapore Branch.

These Rupee Denominated Bonds have been consolidated and form a single series with the Rs 475 crore 8.25 percent Secured Notes due 2020 Payable in U.S. Dollars issued on 18 January 2017 and Rs 175 crore 8.25 percent Secured Notes due 2020 Payable in U.S. Dollars issued on 20 January 2017.

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Alok Industries announces appointment of nominee director
Feb 15,2017

Alok Industries announced that Sachikanta Mishra, Chief General Manager of IFCI presently residing at Flat No. 214, Venus Apartments, Near Taj Vivanta, Cuffe Parade, has been appointed as a Nominee Director of IFCI on the Companys Board effective from 09 February 2017.

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