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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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Jagsonpal Pharmaceuticals to hold board meeting
Nov 02,2016

Jagsonpal Pharmaceuticals will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider and approve the Un-audited Financial Results (provisional) of the Company for the second quarter/ and half year ended 30 September 2016.

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Panyam Cements & Mineral Industries to hold board meeting
Nov 02,2016

Panyam Cements & Mineral Industries will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and approve the un-audited financial results of the company for the second quarter and half year ended 30 September 2016.

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Century Extrusions to hold board meeting
Nov 02,2016

Century Extrusions will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider, approve and take on record the Un-Audited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Vimta Labs to hold board meeting
Nov 02,2016

Vimta Labs will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider, approve and take on record the Unaudited Financial Results for the 2nd Quarter ended 30 September 2016.

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Bambino Agro Industries to hold board meeting
Nov 02,2016

Bambino Agro Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider, approve and take on record the un-audited financial results for the half year ended 30 September 2016.

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Standard Industries to hold board meeting
Nov 02,2016

Standard Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016, to consider and take on record the Unaudited Financial Results of the Company, with limited Review, on quarterly basis, for the three months period ended 30 September 2016.

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State Trading Corporation of India to hold board meeting
Nov 02,2016

State Trading Corporation of India will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider, approve and take on record the Unaudited Financial Results (Reviewed) prepared on standalone basis for the quarter & half year ended 30 September 2016.

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Singer India to hold board meeting
Nov 02,2016

Singer India will hold a meeting of the Board of Directors of the Company on 12 November 2016, to consider and approve the un-audited financial results for the quarter ended 30 September 2016.

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Andrew Yule & Company to hold board meeting
Nov 02,2016

Andrew Yule & Company will hold a meeting of the Board of Directors of the Company on 10 November 2016, to consider and take on record the Unaudited Financial Results of the Company for the quarter and half year ended 30 September 2016.

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Harita Seating Systems appoints Chief Financial Officer
Nov 02,2016

Harita Seating Systems has appointed S Jagannathan as Chief Financial Officer in the place of A Baskar effective 02nd November 2016.

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Technocraft Industries (India) gets ratings upgraded
Nov 02,2016

Technocraft Industries (India) on 2nd November 2016 has got its ratings for its Long Term Bank Loan facility from n++CRISIL A+/Stablen++ to n++CRISIL A+/Positiven++. Rating on short term Bank Loan was reaffirmed as CRISIL A1+.

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Yes Bank achieves milestone
Nov 02,2016

Yes Bank has generated $650 million worth of business outstanding at its IFSC Banking Unit in the Gujarat International Financial Tec City (GIFT), which had achieved the significant USD 1 Billion mark in terms of business volumes outstanding.

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Escorts gains after strong tractor sales in October 2016
Nov 02,2016

The announcement was made during trading hours today, 2 November 2016.

Meanwhile, the BSE Sensex was down 316.50 points, or 1.14%, to 27,560.11.

On BSE, so far 4.15 lakh shares were traded in the counter, compared with average daily volume of 5.19 lakh shares in the past one quarter. The stock hit a high of Rs 390.95 and a low of Rs 372.50 so far during the day. The stock hit a record high of Rs 414.20 on 4 October 2016. The stock hit a 52-week low of Rs 112.70 on 12 February 2016. The stock had outperformed the market over the past 30 days till 1 November 2016, falling 6.76% compared with 1.30% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 43.27% as against Sensexs 0.65% rise.

The mid-cap company has equity capital of Rs 122.58 crore. Face value per share is Rs 10.

Escorts said agri machinery segment (EAM) reported 53% growth in total tractor sales to 8,970 units in October 2016 as against 5,862 units in October 2015. Domestic tractor sales rose 51.9% to 8,859 units in October 2016 over October 2015. Export rose 270% to 111 units in October 2016 over October 2015.

Net profit of Escorts rose 219.61% to Rs 31.29 crore on 21.71% rise in net sales to Rs 990.99 crore in Q2 September 2016 over Q2 September 2015.

Escorts is one of Indias leading engineering conglomerates. The company has diversified business in to four different segments: Escorts Agri Machinery, Escorts Construction Equipment, Railway Equipment Division and Escorts Auto Products.

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Cox & Kings forays into the money transfer business
Nov 02,2016

Cox & Kings in a bid to foray into the money transfer business in India has partnered with UAE Exchange India. This enables Indians living abroad to conveniently remit funds to their families in India with easy and flexible transfer options.

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Escorts Agri Machinery Segment announces tractor sales
Nov 02,2016

Escorts Agri Machinery Segment in October 2016 sold 8859 tractors in domestic market, recording growth of 51.9% against 5832 units in October 2015. Exports for the month of October 2016 are up 270% at 111 tractors against 30 tractors in October 2015. Total tractor sales (domestic + exports) in October 2016 at 8970 tractors grew 53.0% against 5862 tractor in October 2015.

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