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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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Glenmark Pharmaceuticals gets final approval for Nebivolol Tablets
May 29,2017

Glenmark Pharmaceuticals has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Nebivolol Tablets,2.5 mg, 5 mg, 10 mg and 20 mg, the generic version of Bystolicn++ Tablets, 2.5 mg, 5 mg, 10 mg and 20 mg, of Forest Laboratories, LLC [Forest]. With respect to 180-day generic drug exclusivity, theFDA noted that Glenmark was one of the first ANDA applicants to submit a substantially complete ANDA with a paragraph IV certification for Nebivolol Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg. Therefore, with this approval, Glenmark may be eligible for 180 days of generic drug exclusivity for Nebivolol Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg.

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Strides Shasun announces completion of USFDA inspection for its formulations facility
May 29,2017

Strides Shasun announced the completion of USFDA inspection of its formulations facility in Bangalore. The Company has been issued a Form 483 with 3 observations.

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Shares of PSP Projects get listed
May 29,2017

The equity shares of PSP Projects (Scrip Code: 540544) are listed effective 25 May 2017 and admitted to dealings on the Exchange in the list of T Group Securities.

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By 2022 the Government of India is committed to Double Farmers Income
May 29,2017

Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh said that the Government of India has undertaken several new initiatives in the field of animal husbandry in Gujarat. Under Rashtriya Gokul Mission, on the lines of Gokul Gram Gir, Cow Sanctuary has been approved. This will be established in Dharampur, Porbandar under Livestock insurance coverage. Earlier only two milk animals were included , now 5 milk animals and 50 small animals are included. This scheme has been implemented in all the districts of the state, whereas earlier only 15 districts were included. During the year 2014-16, about 26,000 animals have been insured in the state. To fulfil the shortage of veterinarians, a veterinary college has been established in Junagadh. The Agriculture Minister was speaking at the inauguration ceremony of polytechnic at Kamdhenu University, Sabarkantha.

The Agriculture Minister said that it is a matter of immense pride that our country is number one in milk production in the world. In the year 2015-16, the growth rate of milk production has been 6.28 per cent due to which total production has reached 156 million tonnes. And now, per person milk availability is 337 gram on an average, while on the world level it is 229 gram. It is worth mentioning that in comparison to the years 2011-14, the growth in milk production during the years 2014-17 has been 16.9 per cent.

He said that the standard of living of urban and rural families is rising, therefore, the demand for the animal protein is increasing. So, it is necessary that we constantly make effort to increase the production of our livestock, poultry and fish so that the countrys citizens are well-nourished and healthy. That is why it is the responsibility of veterinarians to contribute in keeping the nation healthy by increasing availability of animal protein.

He said that the Government is committed to double farmers income by 2022 and veterinaries play a significant role in fulfilling the Governments resolution to double the farmers income. A healthy animal will result in greater production which will automatically enhance the farmers income and the country will proceed on the path of economic prosperity.

Agriculture Minister said that India is worlds highest livestock owner at about 512.05 million out of which 199.1 million are bovines, 105.3 million buffaloes, 71.6 million sheep and 140.5 million goats. In the case of goats, India is at the second position in the world and it is approximately 25 % of the livestock. India is second largest poultry market in the world and it includes the production of 63 billion eggs and 649 million poultry meat. Indias marine and fish industry are growing at around 7 percent compound annual growth rate. Overall, Indias livestock sector is growing fast and emerging as a major contributor in the global market.

The Agriculture Minister said that the Government of India is ensuring the quality of education in universities is of international standards. In this direction, ICARs Fifth Deans Committee Report has been approved. Schemes like Student and Arya have been started with scholarships. Students scholarship amount has been increased.

In the end, the Minister said that to see our nation prosper and agriculture sector and farmers flourish, we need to work together. When the agriculture will grow, the farmer will be happy and the country will move forward.

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ONGC, Sun Pharma in focus after Q2 results
May 29,2017

ONGCs net profit fell 6.14% to Rs 4340.18 crore on 26.81% rise in total income to Rs 26233.56 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

ONGCs net profit rose 10.9% to Rs 17899.97 crore on 0.83% rise in total income to Rs 85455.85 crore in the year ended 31 March 2017 (FY 2017) over FY 2016.

On a consolidated basis, ONGCs net profit rose 63.94% to Rs 21478.34 crore on 5.57% rise in total income to Rs 152731.39 crore in FY 2017 over FY 2016.

In exploration segment, ONGC has achieved 35% rise in exploration performance in FY 2017 by making 23 discoveries, as against 17 discoveries in FY 2016. Of the 23 discoveries, 13 discoveries were made in onland (Nominaton-12, NELP-1) and 10 in offshore. (Nomination-7, NELP- 3). Out of 13 onland discoveries, 9 were monetized during the year itself having a potential of 0.218 MMTOE per year.

Sun Pharmaceuticals Industries consolidated net profit fell 16.67% to Rs 1385.57 crore on 6.35% fall in total income to Rs 7361.46 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Tech Mahindras consolidated net profit dropped 30.2% to Rs 589.69 crore on 0.26% rise in total income to Rs 7732.89 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Mahanagar Gas net profit rose 17.87% to Rs 99.47 crore on 2.57% rise in total income to Rs 538.28 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

DLF reported consolidated net profit of Rs 142.66 crore in Q4 March 2017 as compared with net loss of Rs 211.11 crore in Q4 March 2016. Total income fell 4.66% to Rs 2605.44 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

BPCL, Coal India, NTPC, L&T, Power Finance Corporation and Power Grid Corporation of India will announce their Q4 results today, 29 May 2017.

CG Power and Industrial Solutions said that the company has received an offer for acquisition of the companys power business in United States of America, comprised in its subsidiary, CG Power Systems USA Inc (PSUS). The announcement was made after market hours on Friday, 26 May 2017.

The board has at its meeting held on Friday, 26 May 2017 decided to divest the power business of PSUS for which the company and has constituted a committee to consider the offer and decide on the terms and conditions of acceptance of the offer and closure. The requisite shareholders approval is in place as part of the divestment of the overseas T&D business divestment. The board has mandated the committee to complete the process by 30 June 2017.

The proposed divestment is part of the companys stated strategy of geography / product-wise divestment with the objective of debt reduction and focusing on core operations and core market in India.

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Bharat Textiles & Proofing Industries reports standalone net loss of Rs 0.09 crore in the March 2017 quarter
May 27,2017

Net Loss of Bharat Textiles & Proofing Industries reported to Rs 0.09 crore in the quarter ended March 2017 as against net loss of Rs 0.15 crore during the previous quarter ended March 2016. Sales rose 11.72% to Rs 3.05 crore in the quarter ended March 2017 as against Rs 2.73 crore during the previous quarter ended March 2016.

For the full year,no net profit/loss reported in the year ended March 2017 as against net profit of Rs 0.01 crore during the previous year ended March 2016. Sales rose 0.25% to Rs 8.08 crore in the year ended March 2017 as against Rs 8.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales3.052.73 12 8.088.06 0 OPM %03.66 -10.2710.55 - PBDT-0.03-0.07 57 0.160.18 -11 PBT-0.06-0.10 40 0.030.06 -50 NP-0.09-0.15 40 00.01 -100

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National Aluminium Company standalone net profit rises 25.37% in the March 2017 quarter
May 27,2017

Net profit of National Aluminium Company rose 25.37% to Rs 268.37 crore in the quarter ended March 2017 as against Rs 214.06 crore during the previous quarter ended March 2016. Sales rose 28.26% to Rs 2423.26 crore in the quarter ended March 2017 as against Rs 1889.32 crore during the previous quarter ended March 2016.

For the full year,net profit declined 15.07% to Rs 668.53 crore in the year ended March 2017 as against Rs 787.11 crore during the previous year ended March 2016. Sales rose 10.65% to Rs 7543.04 crore in the year ended March 2017 as against Rs 6816.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2423.261889.32 28 7543.046816.96 11 OPM %17.6412.71 -14.3114.07 - PBDT488.44417.44 17 1485.231561.32 -5 PBT379.83306.61 24 1004.871135.20 -11 NP268.37214.06 25 668.53787.11 -15

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Bajaj Steel Industries reports standalone net loss of Rs 5.99 crore in the March 2017 quarter
May 27,2017

Net Loss of Bajaj Steel Industries reported to Rs 5.99 crore in the quarter ended March 2017 as against net loss of Rs 7.69 crore during the previous quarter ended March 2016. Sales declined 30.45% to Rs 31.82 crore in the quarter ended March 2017 as against Rs 45.75 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 13.01 crore in the year ended March 2017 as against net loss of Rs 3.03 crore during the previous year ended March 2016. Sales declined 26.17% to Rs 207.21 crore in the year ended March 2017 as against Rs 280.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales31.8245.75 -30 207.21280.66 -26 OPM %-17.25-15.65 -0.154.54 - PBDT-6.15-7.69 20 -4.858.49 PL PBT-5.99-9.82 39 -13.01-2.76 -371 NP-5.99-7.69 22 -13.01-3.03 -329

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Palred Technologies reports consolidated net loss of Rs 4.66 crore in the March 2017 quarter
May 27,2017

Net Loss of Palred Technologies reported to Rs 4.66 crore in the quarter ended March 2017 as against net loss of Rs 5.31 crore during the previous quarter ended March 2016. Sales declined 22.13% to Rs 10.84 crore in the quarter ended March 2017 as against Rs 13.92 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 11.27 crore in the year ended March 2017 as against net loss of Rs 16.73 crore during the previous year ended March 2016. Sales rose 7.83% to Rs 41.17 crore in the year ended March 2017 as against Rs 38.18 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales10.8413.92 -22 41.1738.18 8 OPM %-34.04-53.66 --29.63-61.76 - PBDT-3.34-7.33 54 -10.62-20.90 49 PBT-3.56-7.54 53 -11.37-21.47 47 NP-4.66-5.31 12 -11.27-16.73 33

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Insecticides India standalone net profit rises 1139.58% in the March 2017 quarter
May 27,2017

Net profit of Insecticides India rose 1139.58% to Rs 5.95 crore in the quarter ended March 2017 as against Rs 0.48 crore during the previous quarter ended March 2016. Sales declined 1.19% to Rs 175.98 crore in the quarter ended March 2017 as against Rs 178.10 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.98% to Rs 58.14 crore in the year ended March 2017 as against Rs 39.29 crore during the previous year ended March 2016. Sales rose 12.07% to Rs 1107.38 crore in the year ended March 2017 as against Rs 988.15 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales175.98178.10 -1 1107.38988.15 12 OPM %7.604.57 -10.299.22 - PBDT10.975.34 105 95.9665.82 46 PBT7.011.38 408 80.0049.89 60 NP5.950.48 1140 58.1439.29 48

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Neil Industries reports standalone net loss of Rs 0.04 crore in the March 2017 quarter
May 27,2017

Net loss of Neil Industries reported to Rs 0.04 crore in the quarter ended March 2017 as against net profit of Rs 0.06 crore during the previous quarter ended March 2016. Sales declined 94.42% to Rs 1.18 crore in the quarter ended March 2017 as against Rs 21.16 crore during the previous quarter ended March 2016.

For the full year,net profit declined 32.10% to Rs 0.55 crore in the year ended March 2017 as against Rs 0.81 crore during the previous year ended March 2016. Sales declined 75.80% to Rs 5.83 crore in the year ended March 2017 as against Rs 24.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.1821.16 -94 5.8324.09 -76 OPM %14.410.47 -17.325.35 - PBDT0.170.10 70 1.011.29 -22 PBT0.090.04 125 0.931.13 -18 NP-0.040.06 PL 0.550.81 -32

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PTC India standalone net profit rises 121.82% in the March 2017 quarter
May 27,2017

Net profit of PTC India rose 121.82% to Rs 78.77 crore in the quarter ended March 2017 as against Rs 35.51 crore during the previous quarter ended March 2016. Sales rose 10.08% to Rs 3159.24 crore in the quarter ended March 2017 as against Rs 2870.01 crore during the previous quarter ended March 2016.

For the full year,net profit rose 24.08% to Rs 290.87 crore in the year ended March 2017 as against Rs 234.43 crore during the previous year ended March 2016. Sales rose 13.24% to Rs 13761.22 crore in the year ended March 2017 as against Rs 12152.50 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales3159.242870.01 10 13761.2212152.50 13 OPM %2.863.64 -2.242.50 - PBDT121.50111.22 9 411.74385.18 7 PBT120.73110.35 9 409.03381.65 7 NP78.7735.51 122 290.87234.43 24

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Hem Holdings & Trading standalone net profit declines 66.67% in the March 2017 quarter
May 27,2017

Net profit of Hem Holdings & Trading declined 66.67% to Rs 0.16 crore in the quarter ended March 2017 as against Rs 0.48 crore during the previous quarter ended March 2016. Sales declined 66.67% to Rs 0.01 crore in the quarter ended March 2017 as against Rs 0.03 crore during the previous quarter ended March 2016.

For the full year,net profit rose 67.31% to Rs 0.87 crore in the year ended March 2017 as against Rs 0.52 crore during the previous year ended March 2016. Sales remain constant at Rs 0.04 crore in the year ended March 2017 and also during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.010.03 -67 0.040.04 0 OPM %0-166.67 --75.00-200.00 - PBDT0.170.48 -65 0.880.52 69 PBT0.170.48 -65 0.880.52 69 NP0.160.48 -67 0.870.52 67

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G G Automotive Gears standalone net profit rises 422.22% in the March 2017 quarter
May 27,2017

Net profit of G G Automotive Gears rose 422.22% to Rs 0.47 crore in the quarter ended March 2017 as against Rs 0.09 crore during the previous quarter ended March 2016. Sales declined 4.65% to Rs 10.04 crore in the quarter ended March 2017 as against Rs 10.53 crore during the previous quarter ended March 2016.

For the full year,net profit rose 220.00% to Rs 0.80 crore in the year ended March 2017 as against Rs 0.25 crore during the previous year ended March 2016. Sales rose 30.44% to Rs 28.11 crore in the year ended March 2017 as against Rs 21.55 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales10.0410.53 -5 28.1121.55 30 OPM %12.456.36 -11.219.33 - PBDT1.070.70 53 2.481.85 34 PBT0.440.31 42 0.850.52 63 NP0.470.09 422 0.800.25 220

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Bullish Bonds & Holdings reports standalone net loss of Rs 0.08 crore in the March 2017 quarter
May 27,2017

Net loss of Bullish Bonds & Holdings reported to Rs 0.08 crore in the quarter ended March 2017 as against net profit of Rs 0.21 crore during the previous quarter ended March 2016. Sales rose 600.00% to Rs 2.73 crore in the quarter ended March 2017 as against Rs 0.39 crore during the previous quarter ended March 2016.

For the full year,net profit rose 180.00% to Rs 0.14 crore in the year ended March 2017 as against Rs 0.05 crore during the previous year ended March 2016. Sales rose 6.65% to Rs 3.37 crore in the year ended March 2017 as against Rs 3.16 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.730.39 600 3.373.16 7 OPM %-3.6646.15 --1.78-1.27 - PBDT-0.020.20 PL 0.200.04 400 PBT-0.020.20 PL 0.200.04 400 NP-0.080.21 PL 0.140.05 180

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