My Application Form Status

Check the status of your application form with Angel Broking.
  • Companies
  • Everything else
Search
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

Powered by Capital Market - Live News

Moodys: Hyundai Motors rating unaffected by weaker 3Q 2016 results
Oct 27,2016

Moodys Investors Service says that the year-on-year weakening in Hyundai Motor Companys operating results for 3Q 2016 will not impact the automakers Baa1 issuer rating and stable outlook.

Hyundai Motors weaker operating performance in 3Q 2016 was mainly because of a prolonged strike by its labor union in Korea, as well as continued intense competition in the global auto market, says Wan Hee Yoo, a Moodys Vice President and Senior Analyst.

According to the companys announcement on 26 October 2016, Hyundai Motors unadjusted operating margin (ex-finance) fell to 5.0% in 3Q 2016 from 6.4% in 3Q 2015.

The strike by Hyundai Motors labor union in Korea during 3Q 2016 led to a significantly lower utilization rate of its domestic plants, which pressured in turn its profitability. The year-on-year appreciation of the Korean won against US dollar in 3Q 2016 also negatively affected the companys earnings.

These factors more than offset the sales recovery in emerging markets such as China (Aa3 negative), Russia (Ba1 negative) and Brazil (Ba2 negative).

Year-on-year unit shipment growth in 3Q 2016 n++ including sales from its joint venture in China n++ registered negative 3.3%, while global retail sales grew about 1.9% during the same period. These results indicate that the companys inventory levels fell, which has a positive impact on its cash flow.

The growth in retail sales in 3Q 2016 was mainly a result of robust sales in China, India (Baa3 positive) and Western Europe, despite weak performance in the domestic market.

Moodys anticipates that Hyundai Motors auto shipments will rebound in 4Q 2016 to make up for the production loss in 3Q 2016. However, the companys auto shipments should fall by about 1.5% year-on-year for the whole of 2016, owing to weak sales growth in the domestic market, as well as some emerging countries.

The companys reported operating margin (ex-finance) will likely weaken moderately year-on-year to about 6.3% in 2016 from 6.8% in 2015, because of a decline in auto shipments, as well as continued intense price competition. This level of profitability remains consistent with its Baa1 rating category.

Moodys expects Hyundai Motors profitability in 2017 to remain similar to the level seen in 2016, given the persistently challenging operating environment in the global auto industry, and an increase in R&D expenses.

Moodys estimates that Hyundai Motors reported net liquidity holdings (ex-finance) at end-September 2016 are at levels largely similar to the KRW11.4 trillion at end-2015. Such large liquidity holdings continue to provide a key support to its Baa1 rating.

Powered by Capital Market - Live News

Solid Carbide Tools announces cessation of directors
Oct 27,2016

Solid Carbide Tools announced that Saurabh Sajjanraj Kothari and Keyur Ramesh Chandra Sanghvi, independent Directors of the Company are no longer associated with the Company as their term of Appointment has been expired and not willing to be re-appointed.

Powered by Capital Market - Live News

Torrent Pharma slumps after weak Q2 results
Oct 27,2016

The result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the S&P BSE Sensex was down 143.96 points or 0.52% at 27,692.55

On BSE, so far 49,800 shares were traded in the counter as against average daily volume of 18,533 shares in the past one quarter. The stock hit a high of Rs 1,494 and a low of Rs 1,400.20 so far during the day. The stock had hit a record high of Rs 1,767.80 on 25 August 2016. The stock had hit a 52-week low of Rs 1,190 on 12 February 2016. The stock had underperformed the market over the past 30 days till 26 October 2016, falling 5.4% compared with 1.37% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 9.07% as against Sensexs 1.32% decline.

The large-cap company has equity capital of Rs 84.61 crore. Face value per share is Rs 5.

Torrent Pharmaceuticals consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) dropped 52.73% to Rs 372 crore in Q2 September 2016 over Q2 September 2015. The company said that Q2 September 2015 period included exceptional revenues and profits which was primarily on account of the launch of a new product launch in the US market which had limited competition. The research and development spend surged 94.74% to Rs 111 crore in Q2 September 2016 over Q2 September 2015.

Torrent Pharmaceuticals is the flagship company of the Torrent Group. The company is engaged in the manufacture of formulations and bulk drugs.

Powered by Capital Market - Live News

Asian Granito India gets upgradation in credit ratings
Oct 27,2016

Asian Granito India announced that ICRA, vide its letter dated 24 October 2016 has upgraded the long-term rating from [ICRA] A- (pronounced ICRA A minus) to [ICRA] A (pronounced ICRA A) with a stable outlook and the short term rating from [ICRA] A2+ (pronounced ICRA A two plus) to [ICRA] A1 (pronounced ICRA A one) for the ICRA Rating for Rs. 312 crore Lines of Credit of Asian Granito India.

Powered by Capital Market - Live News

IIFL Holdings jumps after good Q2 results
Oct 27,2016

The result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the BSE Sensex was down 120.80 points, or 0.43%, to 27,715.71.

On BSE, so far 36,000 shares were traded in the counter, compared with average daily volume of 49,670 shares in the past one quarter. The stock hit a high of Rs 301.25 and a low of Rs 290.75 so far during the day. The stock hit a 52-week high of Rs 312.20 on 5 August 2016. The stock hit a 52-week low of Rs 163.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 2.51% compared with 1.37% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.65% as against Sensexs 1.32% decline.

The mid-cap company has equity capital of Rs 63.42 crore. Face value per share is Rs 2.

IIFL Holdings consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 37% to Rs 859.80 crore in Q2 September 2016 over Q2 September 2015.

Loan assets under management in non-banking financial company (NBFC) operations rose 22% to Rs 20474 crore in Q2 September 2016 over Q2 September 2015.

Total wealth assets grew 29% to Rs 100396 crore in Q2 September 2016 over Q2 September 2015.

Nirmal Jain, Chairman, IIFL Holdings, said the company is pleased to report an all round healthy profit growth in core businesses, with return on equity close to 21%. Retail lending, the dominant business continues to witness robust growth and strategic focus is on progressive digital delivery of loans. Wealth management and Capital market businesses are on long term growth trajectory and focus is customer centricity.

IIFL Holdings is the apex holding company of the entire IIFL Group. It offers a gamut of services including financing, wealth and asset management, broking, financial product distribution, investment banking, institutional equities, realty and property advisory services through its various subsidiaries.

Powered by Capital Market - Live News

L&T Technology Services fixes record date for interim dividend
Oct 27,2016

L&T Technology Services has fixed 22 November 2016 as the Record Date for the purpose of Payment of Interim Dividend.

Powered by Capital Market - Live News

Lakshmi Machine Works fixes record date for buyback of shares
Oct 27,2016

Lakshmi Machine Works announced that 08 November 2016, is fixed as the Record Date for determining the eligibility of the shareholders for the buyback of 3,11,000 equity shares of Rs. 10/- each of the Company.

Powered by Capital Market - Live News

James Hotels announces resignation of director
Oct 27,2016

James Hotels announced Amrit Pal Bedi, Independent Woman Director, has resigned from Directorship with effect from 01 October 2016. The Board of Directors have taken on record her resignation in the Board Meeting held on 15 October 2016.

Powered by Capital Market - Live News

Indian Hume Pipe hits record high after robust Q2 results
Oct 27,2016

The result was announced after market hours yesterday, 26 October 2016.

Meanwhile, the BSE Sensex was down 128.64 points, or 0.46%, to 27,707.87.

On BSE, so far 31,000 shares were traded in the counter, compared with average daily volume of 13,813 shares in the past one quarter. The stock hit a high of Rs 907.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 854.40 so far during the day. The stock hit a 52-week low of Rs 272.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 October 2016, rising 30.47% compared with 1.37% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 55.86% as against Sensexs 1.32% decline.

The small-cap company has equity capital of Rs 4.84 crore. Face value per share is Rs 2.

In a separate announcement, Indian Hume Pipe Company said that its board recommended issuing bonus shares in the proportion of one bonus share for every one equity share held (1:1).

Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.

Powered by Capital Market - Live News

Infibeam Incorporation advances after signing MoU with IL&FS
Oct 27,2016

The announcement was made after market hours yesterday, 26 October 2016.

Meanwhile, the S&P BSE Sensex was down 120.69 points or 0.43% at 27,715.82

On BSE, so far 52,500 shares were traded in the counter, compared with an average volume of 1.97 lakh shares in the past one quarter. The stock hit a high of Rs 911.90 and a low of Rs 862 so far during the day. The stock hit a record high of Rs 978 on 22 September 2016. The stock hit a record low of Rs 431.35 on 22 November 2016. The stock had underperformed the market over the past 30 days till 26 October 2016, falling 4.8% compared with 1.37% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 24.62% as against Sensexs 1.32% decline.

The mid-cap company has an equity capital of Rs 53.36 crore. Face value per share is Rs 10.

Infibeam Incorporation said that the company has entered into an Memorandum of Understanding (MoU) with IL&FS Township & Urban Assets (ITUAL) for undertaking and implementing projects in digital space and e-commerce for Central Government, various State Governments and Private Partners. Infibeam Incorporation shall set up a special purpose vehicle (SPV) which will be located at GIFT Two Building, GIFT City, Gandhinagar wherein the company will provide its state-of-the-art technology and office premises for expanding and implementing digital projects that would be implemented by SPV. The SPV will target indicative achievable revenue opportunity of Rs 1250 crore over a period of five years starting from year ending 31 March 2018 (FY 2018).

Infibeam Incorporations consolidated net profit surged 232.32% to Rs 9.87 crore on 24.12% rise in total income to Rs 107.34 crore in Q1 June 2016 over Q1 June 2015.

Infibeam Incorporation is an e-commerce company focused on developing an integrated and synergistic e-commerce business model. It owns and operates the Infibeam BuildaBazaar (BaB) e-commerce marketplace, which provides cloud-based, modular and customizable digital solutions and other value added services to enable merchants to set up online storefronts. Infibeam Incorporation also operates Infibeam.com, a multi-category e-retail website primarily focused on fast moving product categories.

Powered by Capital Market - Live News

Winsome Yarns announces withdrawal of nominee director
Oct 27,2016

Winsome Yarns announced that Punjab State Industrial Development Corporation (PSIDC) vide its letter dated 21 October 2016 has withdrawn the nomination of Suresh Kumar Singla from the directorship of the Company.

In this regard, the Board of Directors considered and approved the withdrawal of nomination with effect from 21 October 2016 vide circulation resolution dated 22 October 2016, passed by the Board of Directors on 25 October 2016.

Powered by Capital Market - Live News

Sagar Cements standalone net profit declines 71.53% in the September 2016 quarter
Oct 27,2016

Net profit of Sagar Cements declined 71.53% to Rs 2.50 crore in the quarter ended September 2016 as against Rs 8.78 crore during the previous quarter ended September 2015. Sales declined 28.98% to Rs 119.20 crore in the quarter ended September 2016 as against Rs 167.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales119.20167.84 -29 OPM %10.8410.64 - PBDT12.1616.79 -28 PBT5.6312.74 -56 NP2.508.78 -72

Powered by Capital Market - Live News

Shilchar Technologies standalone net profit rises 55.14% in the September 2016 quarter
Oct 27,2016

Net profit of Shilchar Technologies rose 55.14% to Rs 3.77 crore in the quarter ended September 2016 as against Rs 2.43 crore during the previous quarter ended September 2015. Sales rose 12.90% to Rs 27.30 crore in the quarter ended September 2016 as against Rs 24.18 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales27.3024.18 13 OPM %19.5214.56 - PBDT6.084.06 50 PBT5.713.72 53 NP3.772.43 55

Powered by Capital Market - Live News

Mishtann Foods reports standalone net loss of Rs 0.35 crore in the September 2016 quarter
Oct 27,2016

Net loss of Mishtann Foods reported to Rs 0.35 crore in the quarter ended September 2016 as against net profit of Rs 0.65 crore during the previous quarter ended September 2015. Sales rose 350.00% to Rs 78.66 crore in the quarter ended September 2016 as against Rs 17.48 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales78.6617.48 350 OPM %2.343.72 - PBDT1.240.65 91 PBT0.310.65 -52 NP-0.350.65 PL

Powered by Capital Market - Live News

Ashirwad Steels & Industries standalone net profit declines 67.57% in the September 2016 quarter
Oct 27,2016

Net profit of Ashirwad Steels & Industries declined 67.57% to Rs 0.12 crore in the quarter ended September 2016 as against Rs 0.37 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

Powered by Capital Market - Live News