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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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Haldyn Glass to hold board meeting
Oct 28,2016

Haldyn Glass 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 second quarter ended September 30, 2016.

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Surat Textile Mills to hold board meeting
Oct 28,2016

Surat Textile Mills will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider and approve the unaudited financial results of the Company for the quarter and half year ended September 30, 2016.

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Kumaka Industries to hold board meeting
Oct 28,2016

Kumaka Industries will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider and approve unaudited Financial Results of the Company for the quarter ended September 30, 2016.

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Global Capital Market & Infras. to hold board meeting
Oct 28,2016

Global Capital Market & Infras. will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider Un-Audited Financial Results (Provisional) for the 2nd quarter ended on September 30, 2016 (Q-ll) for the financial year ended on March 31, 2017.

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Kamat Hotels (India) to hold board meeting
Oct 28,2016

Kamat Hotels (India) will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016 pursuant to Regulation 29 read with Regulation 47 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

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Lords Ishwar Hotels to hold board meeting
Oct 28,2016

Lords Ishwar Hotels will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve Un-Audited Financial Statements for the quarter and Half Year ended September 30, 2016 along with Limited Review Report thereon.

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Tourism Finance Corporation of India to hold board meeting
Oct 28,2016

Tourism Finance Corporation of India will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve the Audited Financial Results for the quarter/Half year ended September 30, 2016. The financial results would be submitted to the Exchange after approval by the Board.

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Axel Polymers to hold board meeting
Oct 28,2016

Axel Polymers will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve Unaudited Financial Results for the Quarter and Half Year ended on September 30, 2016 and other matters.

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Dynamic Industries to hold board meeting
Oct 28,2016

Dynamic Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 To consider and approve Standalone Unaudited Financial Results of the Company for the Quarter/Half year ended on September 30, 2016.

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Eureka Industries to hold board meeting
Oct 28,2016

Eureka Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 To consider and take on record the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Mahamaya Steel Industries to hold board meeting
Oct 28,2016

Mahamaya Steel Industries will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2016.

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Bajaj Auto extends intraday gains after declaring good Q2 result
Oct 28,2016

The Q2 result was announced during trading hours today, 28 October 2016.

Meanwhile, the S&P BSE Sensex was up 13.34 points or 0.05% at 27,929.24

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 22,595 shares in the past one quarter. The stock hit a high of Rs 2,858.95 and a low of Rs 2,767.50 so far during the day. The stock had hit a record high of Rs 3,122 on 9 September 2016. The stock had hit a 52-week low of Rs 2,173.40 on 29 February 2016. The stock had underperformed the market over the past 30 days till 27 October 2016, falling 5.13% compared with 1.33% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 2.31% as against Sensexs 0.48% decline.

The large-cap company has equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Autos operating earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved to 22.3% in Q2 September 2016 from 21.2% in Q1 June 2016. This was achieved due to richer product mix, especially for domestic market, Bajaj Auto said.

Bajaj Autos total sales fell 2% to 10.31 lakh units in Q2 September 2016 over Q2 September 2015.

The companys surplus cash and cash equivalents stood at Rs 11398 crore as on 30 September 2016, as against Rs 10701 crore as on 30 June 2016.

Bajaj Auto said in a statement that the company continues to witness headwinds in international markets.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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Grasim Industries gains after strong Q2 results
Oct 28,2016

The result was announced during market hours today, 28 October 2016.

Meanwhile, the BSE Sensex was up 10.39 points, or 0.04%, to 27,926.29.

On BSE, so far 1.37 lakh shares were traded in the counter, compared with average daily volume of 30,271 shares in the past one quarter. The stock hit a high of Rs 980.90 and a low of Rs 952.95 so far during the day. The stock hit a record high of Rs 1,069.70 on 5 August 2016. The stock hit a 52-week low of Rs 648.41 on 26 February 2016. The stock had underperformed the market over the past 30 days till 27 October 2016, falling 2.09% compared with 1.33% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.05% as against Sensexs 0.48% decline.

The large-cap company has equity capital of Rs 93.36 crore. Face value per share is Rs 2.

Grasim Industries consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 29.03% to Rs 2098 crore in Q2 September 2016 over Q2 September 2015, driven by the good performance from all the businesses. The growth in net profit was supported by higher operating leverage and lower interest cost.

The company said that the outlook for the Viscose Staple Fibre (VSF) business is expected to remain stable. The business will continue to focus on expanding the VSF market in India by partnering with the textile value chain, achieving better customer connect through Brand Liva and enriching the product mix through a larger share of specialty fibre. The company said it is working on debottlenecking opportunities to meet growing demand.

The demand for caustic in India is expected to grow with the rising demand from the end user industry. The commissioning of new capacities in the industry may increase supply in the medium term. The companys plan is to increase Caustic capacity by 208K TPA to 1048K TPA through brown field expansion at Vilayat (Gujarat) and debottlenecking at other plants is on track.

The governments thrust on developing infrastructure spending, good monsoon, development of smart cities leading to growth in housing demand in Tier - I and Tier II cities augurs well for the cement industry. The slower pace of new capacity addition will lead to better Industry utilisation. UltraTech will benefit with its presence across the country to meet the expected rise in demand, the company said.

Grasim Industries two main businesses are viscose staple fibre (VSF) and cement.

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Himachal Pradesh declared Indias Second Open Defecation Free State
Oct 28,2016

The State of Himachal Pradesh was today declared Open Defecation Free (ODF), making it the second State in the country (after Sikkim) to achieve the feat.

With this, Himachal Pradesh has successfully achieved a total rural sanitation coverage of 100% in the State, with all 12 out of 12 districts in the State being both, declared as well as verified, as ODF.

Speaking at the occasion Chief Minister, Shri Virbhadra Singh, said that he was very happy and proud that his State was the first large State in the country to have achieved this milestone. He said that the State of Himachal Pradesh would be very happy to share lessons that they have learnt in this journey with other States to help realize the vision of a Swachh Bharat.

Addressing the gathering, the Union Minister for Drinking Water and Sanitation, Rural Development and Panchayati Raj, Shri Narendra Singh Tomar, said that Himachal Pradesh would not have been able to lay claim to this landmark achievement if making sanitation a priority had not become a jan aandolan, a peoples movement, in the State.

He said that he was very confident that it was thanks to the people of Himachal Pradesh that not only had the State achieved the ODF Status, but would be able to sustain it in the future as well.

The Union Ministry for Health and Family Welfare, Shri JP Nadda, in his address, said that as Himachal Pradesh was also his home State, this was an occasion that brought double joy to him. He also spoke about the close relationship between access to sanitation and good health for rural India. He said that the two Union Ministries will work closely together to achieve convergence in the pursuit of a Swachh and healthy India.

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Eicher Motors slips after Q2 results
Oct 28,2016

The result was announced during trading hours today, 28 October 2016.

Meanwhile, the BSE Sensex was up 56.17 points, or 0.20%, to 27,972.07.

On BSE, so far 8,839 shares were traded in the counter, compared with average daily volume of 3,958 shares in the past one quarter. The stock hit a high of Rs 24,815.75 and a low of Rs 23,700 so far during the day. The stock hit a record high of Rs 26,601.95 on 29 September 2016. The stock hit a 52-week low of Rs 14,817.75 on 19 January 2016. The stock had underperformed the market over the past 30 days till 27 October 2016, falling 4.70% compared with 1.33% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.20% as against Sensexs 0.48% decline.

The large-cap company has equity capital of Rs 27.20 crore. Face value per share is Rs 10.

Eicher Motors (EML) is the flagship company of the Eicher Group. EML is one of the leading players in the Indian automotive space. EML owns the iconic Royal Enfield motorcycle business which leads the premium motorcycle segment in India. EMLs joint venture with the Volvo group, VE Commercial Vehicles, designs, manufactures and markets reliable, fuel-efficient trucks and buses.

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