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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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Cals Refineries to hold board meeting
May 22,2017

Cals Refineries will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider, inter alia, approval of the Audited Results of the Company for the quarter and year ended 31st March, 2017.

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Hindustan Adhesives to hold board meeting
May 22,2017

Hindustan Adhesives will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, inter alia, approval of the Audited Results of the Company for the quarter and year ended 31st March, 2017.

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Gennex Laboratories to hold board meeting
May 22,2017

Gennex Laboratories will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and approve the audited financial results for the Quarter ended / Year ended on 31st March, 2017 and other agenda, if any.

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Goldcrest Corp. to hold board meeting
May 22,2017

Goldcrest Corp. will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider: Standalone Audited Financial Results for the quarter and year ended March 31, 2017; Consolidated Audited Financial Results for the quarter and year ended March 31, 2017.

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Umang Dairies to hold board meeting
May 22,2017

Umang Dairies will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve Audited Financial Results of the Company for the financial year ended 31st March 2017.

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Bafna Pharmaceuticals to hold board meeting
May 22,2017

Bafna Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 27 May 2017, to consider among other matters, Audited Financial results for the year ended 31st March, 2017.

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Rahul Merchandising to hold board meeting
May 22,2017

Rahul Merchandising will hold a meeting of the Board of Directors of the Company on 30 May 2017, to Consider and approve the Audited Financial Results for the quarter and year ended March 31st , 2017.

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AI Champdany Industries to hold board meeting
May 22,2017

AI Champdany Industries will hold a meeting of the Board of Directors of the Company on 27 May 2017, to consider, approve and take on record the Audited Financial Results of the Company for the Quarter and Year ended on 31st March, 2017.

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Ravi Leela Granites to hold board meeting
May 22,2017

Ravi Leela Granites will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and approve the Audited financial results for the quarter and year ended 31st March 2017, and any other business with the permission of the Chair.

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Raideep Industries to hold board meeting
May 22,2017

Raideep Industries will hold a meeting of the Board of Directors of the Company on 29 May 2017, to Consider and approve the Audited Financial Results for the quarter and year ended 31st March, 2017 .

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APL Apollo Tubes strengthens after strong Q4 results
May 22,2017

The result was announced on Saturday, 20 May 2017.

Meanwhile, the S&P BSE Sensex was up 155.01 points, or 0.51%, to 30,619.93. The S&P BSE Mid-Cap index was down 36.64 points, or 0.25%, to 14,607.36.

On the BSE, 426 shares were traded in the counter so far, compared with an average volume of 19,664 shares in the past one quarter. The stock hit a high of Rs 1,424.90 and a low of Rs 1,380 so far during the day. The stock hit a record high of Rs 1,550 on 3 May 2017. The stock hit a 52-week low of Rs 814 on 29 September 2016.

The stock had outperformed the market over the past one month till 19 May 2017, rising 13% compared with the 3.85% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 24.56% as against Sensexs 7.01% rise.

The mid-cap company has an equity capital of Rs 23.59 crore. Face value per share is Rs 10.

APL Apollo Tubes said that the board of directors of the company recommended a dividend of Rs 12 per share for the financial year ended 31 March 2017.

Sales Volume (excluding trading & scrap) stood at 2.34 lakh tons in Q4 March 2017 compared to 2.62 lakh tons in Q4 March 2016. Impact of demonetization combined with high base in the corresponding quarter last year led to subdued volume performance.

Commenting on the companys performance for Q4 & FY 2017, Sanjay Gupta, Chairman, APL Apollo said that the year ended 31 March 2017 (FY 2017) has been a difficult year for the company with the company facing external market challenges including demonetization and volatile steel prices, which significantly impacted volumes in the second half. However, the company made an exceptional start to the new fiscal by registering strong volumes in the month of April.

The company remains focused on further increasing this momentum in the coming quarters and is confident of delivering over 20% volume growth in FY 2018. The company recently established greenfield facility in an under penetrated market like Raipur will also support aggressive growth plans over the next 2 years, he added.

APL Apollo Tubes is one of the leading branded steel tubes manufacturer.

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Talbros Engineering to hold board meeting
May 22,2017

Talbros Engineering will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider and take on record, inter alia, the Audited Financial Results for the quarter and year ended 31st March, 2017.

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Phillips Carbon Black to hold board meeting
May 22,2017

Phillips Carbon Black will hold a meeting of the Board of Directors of the Company on 25 May 2017, to consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2017.

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Raymed Labs to hold board meeting
May 22,2017

Raymed Labs will hold a meeting of the Board of Directors of the Company on 26 May 2017, to consider and approve the Audited Financial Results of the Company for the Quarter and Financial Year ended 31st March, 2017.

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Shree Metalloys to hold board meeting
May 22,2017

Shree Metalloys will hold a meeting of the Board of Directors of the Company on 30 May 2017, among other things, to approve the Audited Financial Results for the fourth Quarter and Financial Year ended 31st March, 2017.

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