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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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India Nippon Electricals standalone net profit declines 18.64% in the March 2017 quarter
May 19,2017

Net profit of India Nippon Electricals declined 18.64% to Rs 6.11 crore in the quarter ended March 2017 as against Rs 7.51 crore during the previous quarter ended March 2016. Sales declined 4.15% to Rs 81.27 crore in the quarter ended March 2017 as against Rs 84.79 crore during the previous quarter ended March 2016.

For the full year,net profit rose 5.95% to Rs 32.40 crore in the year ended March 2017 as against Rs 30.58 crore during the previous year ended March 2016. Sales rose 4.13% to Rs 348.31 crore in the year ended March 2017 as against Rs 334.48 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales81.2784.79 -4 348.31334.48 4 OPM %8.779.81 -10.8210.64 - PBDT10.4410.93 -4 51.2545.51 13 PBT9.409.51 -1 47.0841.33 14 NP6.117.51 -19 32.4030.58 6

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Jupiter Industries & Leasing reports standalone net loss of Rs 0.01 crore in the March 2017 quarter
May 19,2017

Net Loss of Jupiter Industries & Leasing reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.01 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.04 crore in the year ended March 2017 as against net loss of Rs 0.05 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Harita Seating Systems standalone net profit declines 17.35% in the March 2017 quarter
May 19,2017

Net profit of Harita Seating Systems declined 17.35% to Rs 10.62 crore in the quarter ended March 2017 as against Rs 12.85 crore during the previous quarter ended March 2016. Sales rose 14.59% to Rs 90.26 crore in the quarter ended March 2017 as against Rs 78.77 crore during the previous quarter ended March 2016.

For the full year,net profit declined 0.47% to Rs 25.20 crore in the year ended March 2017 as against Rs 25.32 crore during the previous year ended March 2016. Sales rose 11.51% to Rs 325.15 crore in the year ended March 2017 as against Rs 291.59 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales90.2678.77 15 325.15291.59 12 OPM %10.578.34 -8.566.90 - PBDT14.2910.83 32 37.0728.38 31 PBT12.839.81 31 31.9623.99 33 NP10.6212.85 -17 25.2025.32 0

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Technojet Consultants reports standalone net loss of Rs 0.01 crore in the March 2017 quarter
May 19,2017

Net Loss of Technojet Consultants reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.06 crore during the previous quarter ended March 2016. There were no Sales reported in the quarter ended March 2017 and during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.05 crore in the year ended March 2017 as against net profit of Rs 0.03 crore during the previous year ended March 2016. There were no Sales reported in the year ended March 2017 and during the previous year ended March 2016.

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Cummins India standalone net profit declines 5.12% in the March 2017 quarter
May 19,2017

Net profit of Cummins India declined 5.12% to Rs 158.46 crore in the quarter ended March 2017 as against Rs 167.01 crore during the previous quarter ended March 2016. Sales rose 11.26% to Rs 1155.60 crore in the quarter ended March 2017 as against Rs 1038.63 crore during the previous quarter ended March 2016.

For the full year,net profit declined 2.61% to Rs 734.63 crore in the year ended March 2017 as against Rs 754.30 crore during the previous year ended March 2016. Sales rose 8.08% to Rs 4958.11 crore in the year ended March 2017 as against Rs 4587.58 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1155.601038.63 11 4958.114587.58 8 OPM %14.7117.22 -16.1716.90 - PBDT216.23226.19 -4 993.02991.39 0 PBT195.39205.63 -5 908.24910.38 0 NP158.46167.01 -5 734.63754.30 -3

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Keltech Energies standalone net profit rises 32.69% in the March 2017 quarter
May 19,2017

Net profit of Keltech Energies rose 32.69% to Rs 2.07 crore in the quarter ended March 2017 as against Rs 1.56 crore during the previous quarter ended March 2016. Sales rose 17.72% to Rs 55.07 crore in the quarter ended March 2017 as against Rs 46.78 crore during the previous quarter ended March 2016.

For the full year,net profit rose 15.19% to Rs 5.84 crore in the year ended March 2017 as against Rs 5.07 crore during the previous year ended March 2016. Sales rose 7.38% to Rs 192.65 crore in the year ended March 2017 as against Rs 179.41 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales55.0746.78 18 192.65179.41 7 OPM %9.978.21 -8.407.22 - PBDT4.473.50 28 13.3311.72 14 PBT3.182.52 26 8.927.86 13 NP2.071.56 33 5.845.07 15

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Akzo Nobel India standalone net profit rises 18.13% in the March 2017 quarter
May 19,2017

Net profit of Akzo Nobel India rose 18.13% to Rs 72.64 crore in the quarter ended March 2017 as against Rs 61.49 crore during the previous quarter ended March 2016. Sales rose 9.96% to Rs 698.99 crore in the quarter ended March 2017 as against Rs 635.69 crore during the previous quarter ended March 2016.

For the full year,net profit rose 15.32% to Rs 247.00 crore in the year ended March 2017 as against Rs 214.19 crore during the previous year ended March 2016. Sales rose 7.04% to Rs 2800.41 crore in the year ended March 2017 as against Rs 2616.19 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales698.99635.69 10 2800.412616.19 7 OPM %11.0313.78 -12.4611.60 - PBDT92.69107.05 -13 395.00357.99 10 PBT75.9393.70 -19 338.49304.34 11 NP72.6461.49 18 247.00214.19 15

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HSIL standalone net profit declines 19.96% in the March 2017 quarter
May 19,2017

Net profit of HSIL declined 19.96% to Rs 30.75 crore in the quarter ended March 2017 as against Rs 38.42 crore during the previous quarter ended March 2016. Sales rose 1.06% to Rs 594.38 crore in the quarter ended March 2017 as against Rs 588.14 crore during the previous quarter ended March 2016.

For the full year,net profit declined 11.41% to Rs 103.02 crore in the year ended March 2017 as against Rs 116.29 crore during the previous year ended March 2016. Sales rose 5.90% to Rs 2074.98 crore in the year ended March 2017 as against Rs 1959.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales594.38588.14 1 2074.981959.35 6 OPM %12.3516.21 -13.9416.49 - PBDT64.9089.14 -27 260.49296.38 -12 PBT39.5760.12 -34 149.66181.95 -18 NP30.7538.42 -20 103.02116.29 -11

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Dishman Carbogen Amcis fixes record date for scheme of amalgamation
May 19,2017

The Management Committee of Board of Directors of amalgamated entity i.e. Dishman Carbogen Amcis (DCAL) [formerly known as Carbogen Amcis (India)], in its meeting held on 19 May 2017, has fixed 31 May, 2017 as the Record Date for the purpose of deciding the members who shall be eligible for allotment of equity shares of the amalgamated entity, Dishman Carbogen Amcis to the shareholders of erstwhile Dishman Pharmaceuticals and Chemicals (DPCL) in the ratio of 1:1 i.e. Share Exchange Ratio [1 (One) fully paid-up Equity Share of Rs.2/- (Rupees Two only) each of DCAL, for every 1 (One) fully paid-up Equity Share of Rs.2/- (Rupees Two only) each held by such shareholder in DPCL], fixed under the Scheme of Arrangement and Amalgamation approved by the Honble High Court of Gujarat.

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Mayur Leather Products announces resignation of company secretary & compliance officer
May 19,2017

Mayur Leather Products announced the resignation of Jyoti Soni as Company Secretary and Compliance Officer with effect from 18 May 2017.

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UV Boards shifts registered office
May 19,2017

UV Boards has shifted its registered office from No. 1/138, Ellamman Koil Street, Athipedu Village, Azhinjivakkam, Sholavaram P.O, Chennai - 600 067 to No. 78, Mc Nichlos Road, Chetpet, Chennai - 600 031.

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Edelweiss Financial Services gets ratings assigned for proposed CP programme
May 19,2017

Edelweiss Financial Services announced that ICRA has assigned a [ICRA]A1+ (ICRA A one plus) rating to the proposed CP Programme (for IPO financing) of Rs.2,000 crore of the Company.

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UV Boards announces resignation of company secretary and compliance officer
May 19,2017

UV Boards announced that Priyanka Kucheria has resigned as Company Secretary and Compliance Officer of the Company with effect from 31 March 2017.

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UV Boards shifts factory premises
May 19,2017

UV Boards announced that the Companys factory premises has shifted to No. 69, Nelveli Village, Uthiramerur Taluk, Kancheepuram Dist., Tamilnadu - 603 107.

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Chitale Committee recommends several measures for Desiltation of Ganga
May 19,2017

Chitale committee on Desiltation of Ganga has recommended a slew of measures which include study of reach wise sediment transport processes along with establishing annual sediment budgets to guide de-silting activities, Preparation of annual reports (Sand registry) describing the previous de-silting/ dredging activity and a technical institute may be entrusted to conduct the sediment budget, morphological and flood routing studies that would examine and confirm the necessity of the de-silting of the reach under consideration.

The committee was constituted in July 2016 by the Ministry of Water Resources River Development and Ganga Rejuvenation to prepare guidelines for desiltation of river Ganga from Bhimgauda (Uttarakhand) to Farakka (West Bengal). Shri Madhav Chitale (Expert Member, NGRBA) was appointed as Chairman of the committee. The other members of the committee were: Secretary, Ministry of Water Resources, River Development & Ganga Rejuvenation, Secretary, Ministry of Environment, Forests & Climate Change and Dr. Mukesh Sinha, Director, Central Water and Power Research Station, Pune. The committee was asked to establish difference between desilting and sand mining and also to establish need for desilting for ecology and e-flow of the river Ganga.

The committee in its report says erosion, sediment transport and siltation are very complex phenomena. It is impossible to apply a n++one-size-fits-all‟ approach to sediment management and control, because the issues involved are frequently very regionally-specific. Local factors such as topography, river control structures, soil and water conservation measures, tree cover, and riparian land-use or land disturbance (for example agriculture, mining, etc.) can have a large impact on sediment loads in rivers. River control structures (such as reservoirs), soil conservation measures and sediment control programmes can cause downstream sediment loads to decrease, while factors such as land disturbance (clearing of vegetation, for example) or agricultural practices can cause increased sediment loads. At the same time, indiscriminate de-siltation works may result into more harm to ecology and environment flow. Thus, there is a need to evolve Guidelines, better broad principles, which should be kept in mind while planning and implementing de-silting works.

According to the report erosion, sediment transport and siltation in large rivers like Ganga are very complex phenomena and their estimation has inherent limitations and uncertainties. A reconnaissance of Main River Ganga on Google earth map reveal that different reaches are in a dynamic equilibrium phase. Sedimentation is mainly seen downstream of Bhimgauda barrage and near the confluences of tributary rivers with Ganga. The discharge congestion, large scale sediment deposition and its negative effects are mainly seen downstream of the confluence of Ghagra and beyond. The river flood plain drastically widens beyond the confluence of Ghagra and is estimated to be around 12 to 15 kms.

The committee says though de-siltation works can improve hydraulic performance of the river and this itself can justify undertaking de-siltation, these have no direct role in improving environment flow in the river. On the other hand, indiscriminate de-silting or sand mining would cause adverse impacts on river e-flow. Recognizing the importance of sediment transport in rivers, following basic principles of siltation in rivers should be kept in mind while considering de-siltation works:

n++ Catchment Area Treatment and Watershed Development works, along with good agricultural practices and river bank protection/anti-erosion works, are necessary to reduce silt inflow into the river system and must be undertaken in a comprehensive way.

n++ Erosion, movement and deposition of sediment are natural regulating functions of river and Sediment equilibrium of river should be maintained.

n++ Rivers should be provided with sufficient flood plains (lateral connectivity) without any hindrance to the flow.

n++ Instead of n++keeping the silt awayn++, strategy to n++giving the silt wayn++ should be adopted.

In specific reference to de-siltation works in river Ganga, in addition to MoEF&CC Sand Mining Guidelines, which are statutory in nature, and the GSI Guidelines, the committee has suggested following Guidelines;

1. River Ganga tends to achieve equilibrium on its own given the hydrology, sediment and natural bed and bank disposition. It is necessary to provide the river sufficient areas of flood plain and lakes along the river to moderate the flood level. Any encroachment of flood plain, reclamation of lakes or disconnection of lakes from river should be avoided; rather adjoining lakes/depressions may be de-silted to increase their storage capacities. The de-silting of lakes, etc., should be in such a manner that the sediment continuity is maintained and should not lead to head cut that creates safety issues for the river crossings, water intakes or river training works locally, downstream or upstream.

2. Upstream reaches of natural constriction works, like barrages/bridges, etc., tend to get silted leading to wandering of river. Possibly river training, cut-off developments and provision of extra water way near the constrictions could be tried after proper assessment without impacting the morphology of river elsewhere. The area freed from the development in the form of oxbow lakes should be used for flood moderation rather than reclaiming it for other purposes.

3. In case where constriction is causing large scale siltation, de-siltation along the preselected channel to deepen and attract the flow could be tried to guide the main course of flow. The dredged material may be dumped along the alternate channel which was to be closed to avoid bank erosion. Care shall be taken to develop stable channel which do not affect the flow either on upstream or downstream. Efforts should be made to provide silt continuity along the weirs and barrages.

4. Embankments, spurs and river training measures provided to protect the banks should not encroach upon the flood plains and delink the lakes, flood plains and other riverine environment from the river.

5. The proposed de-silting of any river reach need to be justified bringing out clearly the flooding caused due to siltation along with technical comparisons of the alternative flood mitigation measures with n++do nothingn++ or n++proposed de-silting/ dredgingn++ being other options. It should invariably be associated with sediment flux studies and morphological studies to confirm no significant adverse effect on downstream or upstream reach of the river including the safety and effectiveness of river crossings, water intakes, existing river bank / flood protection measures etc.

6. De-silting of the confluence points, especially with huge silt carrying tributaries, such as Ghagra, Sone, etc., may be necessary to make confluence hydraulically efficient.

7. Reservoirs in main river Ganga and its tributaries, particularly in upper reaches, should be operated in such a manner that first floods, having high silt load, are allowed to pass through without storage and river flows in later phases of the monsoon are only stored for use during non-monsoon season. This would require quantitative long term forecast with decision support system to be established for optimum reservoir operations.

8. Agricultural practices along the river flood plains should be such that it does not disturb the passage of flood by increasing the resistance to flow causing aggradations.

9. River morphological studies should be carried out to initiate in-stream channel improvement works. It shall be ensured that the head cut induced upstream should automatically de-silt the reach. The headcut induced should progress upstream slowly so that the flora a