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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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Pincon Spirit to hold board meeting
Oct 24,2016

Pincon Spirit will hold a meeting of the Board of Directors of the Company on 7 November 2016 Unaudited Financial Results for Quarter Ended September 30, 2016.

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Rural Electrification Corporation to hold board meeting
Oct 24,2016

Rural Electrification Corporation will hold a meeting of the Board of Directors of the Company on 9 November 2016 to consider and approve the Un-audited (Standalone) Financial Results of the Company for the second quarter ended September 30, 2016 (Q2).

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Kallam Spinning Mills to hold board meeting
Oct 24,2016

Kallam Spinning Mills will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider the Un audited financial results for the quarter and half year ended September 30, 2016.

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GTN Textiles to hold board meeting
Oct 24,2016

GTN Textiles will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Statement of Un-audited financial results for the quarter ended September 30, 2016.

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Labh Construction and Industries to hold board meeting
Oct 24,2016

Labh Construction and Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 Adoption of Unaudited Quartery Financial Results of the Company for the 2nd quarter ended on September 30, 2016.

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Gartner Says Retailers Must Use Algorithms for Competitive Advantage
Oct 24,2016

In the new digital economy, retailers can best gain competitive advantage through the application of algorithms that reduce costs and grow top-line revenue, according to Gartner, Inc.

Kelsie Marian, principal research analyst at Gartner, said examples of algorithmic retail in action are emerging and yielding results for aggressive retailers.

Retailers are some of the original data hoarders, using years of store-level sales data for demand planning since the mid-1980s, but what we see today is vastly different, said Ms. Marian.

Data is ubiquitous in the new retail environment, and retailers will survive only if quality data is embedded into every decision, minute by minute, across the retail organisation. But retailers cant humanly scale to keep pace with growth of data, so a fundamentally different approach is necessary.

Gartner describes algorithmic retailing as the application of big data through advanced analytics across an increasingly complex and detailed retail structure, to deliver an efficient and flexible, yet unified, customer experience. Algorithms connect big data to results.

Gartner predicts that merchant leaders will be algorithms by 2020, prompting the top 10 retailers to cut up to one-third of headquarters merchandising staff.

According to Gartner, there are four main functions where algorithms can have a big impact in retail.

1) Cost of goods sold

Cost of goods sold is the largest cost of retail operations at 55-60 percent. Since it is driven by the selection, assortment, pricing, promotion and inventory levels of items listed for sale, it has the largest possible benefit from the application of algorithms. Algorithms can both reduce the cost basis and increase top-line revenue.

2) General and administrative

General and administrative is an overhead at 15-18 percent of the cost of retail operations. It typically covers headquarters activities such as finance, legal, HR, advertising and IT, as well as warehousing and distribution. Algorithms used here will significantly improve cost optimization.

3) Labor

Labor represents 13-16 percent of the cost of retail operations, but is rising sharply, and directly impacts the quality of the customers experience. Algorithms can support both cost optimization and customer service.

4) Stores

Stores will remain a major cost of retail operations and an integral part of the retail landscape. They provide a major source of competitive differentiation for multichannel retailers, with store services much of what employees provide to customers. Algorithms can help with pricing, inventory and improving the in-store customer experience.

Retail CIOs and their teams play a pivotal role in helping business leaders understand the benefits and limitations of algorithms, and how algorithms can support their business goals, said Ms. Marian.

Gartner advises retail sector CIOs to:

1) Identify and classify all data sources, and identify data gaps that must be filled.

2) Prepare for an explosion of Internet of Things (IoT) data generated by products, customers and stores.

3) Review examples of how other retailers are successfully using algorithms.

4) Develop a framework for identifying current and future opportunities to improve performance through automation by algorithms.

5) Ensure that smart data discovery technology is bringing big data discovery to the business user at the time of decision. This is a critical step on the path to process automation.

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Patspin India to hold board meeting
Oct 24,2016

Patspin India will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider the Statement of Un-audited financial results for the quarter ended September 30, 2016.

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Shelter Infra Projects to hold board meeting
Oct 24,2016

Shelter Infra Projects will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the unaudited financial results of the Company for the quarter ended September 30, 2016.

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Cravatex to hold board meeting
Oct 24,2016

Cravatex will hold a meeting of the Board of Directors of the Company on 7 November 2016 to take on record the standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Nahar Spinning Mills to hold board meeting
Oct 24,2016

Nahar Spinning Mills 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 for the quarter and half year ended September 30, 2016.

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Shreyans Industries to hold board meeting
Oct 24,2016

Shreyans Industries will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider the un-audited financial results for the quarter/half year ended September 30, 2016.

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Gujarat Alkalies & Chemicals to hold board meeting
Oct 24,2016

Gujarat Alkalies & Chemicals will hold a meeting of the Board of Directors of the Company on 10 November 2016 for considering Quarterly Un-audited (Provisional) Financial Results for the Second Quarter and Half Year ended on September 30, 2016.

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NESCO to hold board meeting
Oct 24,2016

NESCO will hold a meeting of the Board of Directors of the Company on 8 November 2016 Standalone Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2016.

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Balrampur Chini Mills to hold board meeting
Oct 24,2016

Balrampur Chini Mills will hold a meeting of the Board of Directors of the Company on 15 November 2016 to consider and approve the Unaudited Financial Results for the Quarter and half-year ended September 30, 2016 (Q2).

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PTL Enterprises to hold board meeting
Oct 24,2016

PTL Enterprises will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve the standalone unaudited financial results of the Company for the quarter/half year ended September 30, 2016.

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