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

Cabinet approves re-routing of State Highway passing through Naval Land at Kakinada
Nov 24,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for diversion of State Highway-149 passing through Naval Land at Kakinada. In this connection, the following decisions were also taken:-

a) Taking over of 11.25 acres of land of the Government of Andhra Pradesh underneath the existing Highway passing through Naval land at Kakinada.

b) Surrender of 5.23 acres of Naval land at Kakinada to the State Government of Andhra Pradesh.

c) Payment of Rs. 1882.775 Lakhs as compensation to the State Government of Andhra Pradesh to facilitate them for acquisition of land and for associated construction of alternate road.

The re-routing of state highway at Kakinada will provide hindrance free training by reducing accidents and improvement in security of the establishment. It will ensure safety and security of Amphibious Warfare Training Centre alongwith related infrastructure.

Powered by Capital Market - Live News

LT Foods enters into joint venture
Nov 24,2016

LT Foods has entered into Joint Venture with KAMEDA SEIKA of Japan to manufacture and market rice based snacks in India.

Powered by Capital Market - Live News

Arshiya appoints Chief Strategy Officer
Nov 24,2016

Arshiya at its board meeting held on 12th November 2016, has appointed Ananya A Mittal as Chief Strategy Officer (CSO) of Arshiya Group with immediate effect.

Powered by Capital Market - Live News

India Inc. must formulate strong anti-fraud programme to reduce risk on account of corporate fraud: ASSOCHAM-Grant Thornton study
Nov 24,2016

Companies across India must implement an anti-fraud framework to mitigate the risks evolving from illegal activities as pressure of uncertain markets, escalating input costs, high labour turnover, advent of technology and others provide significant opportunity and incentives for fraudsters to commit financial frauds, noted an ASSOCHAM-Grant Thornton joint study.

n++There is an urgent need to equip our businesses against fraud risks and exposure through a systematic programme of fraud risk assessment, monitoring, incident response and remediation,n++ noted an ASSOCHAM-Grant Thornton joint study titled Financial and Corporate Frauds.

n++A robust control environment is vital to reduce the risk on account of fraud and misconduct within companies and their dynamic business environment,n++ it said.

n++With any change in the environment of the businesses, the need to adapt to these changes is a prerequisite to attain sustainable growth,n++ the study further said.

The change in the current environment is the increased fraud exposure for organisations.

Considering that in any organisation, the board of directors are responsible for setting the tone at the top, which flows across the entire company and its various locations, management views on mitigating fraud, corruption and misconduct should be revealed to the employees.

Besides, disciplinary action and zero tolerance for violations should also be part of the message that the board sends out to employees.

Organisations willing to counter fraud should develop sound fraud prevention policies that must include extensive background checks on new-hires, promotion candidates, suppliers, customers and business partners (including international third parties); segregation of duties; position rotations; limitations of physical access to assets; removal of unauthorised and old system users and whistle blower mechanism.

Companies must develop their ethics code keeping in mind the size of the organisation, mix of employees, number of employees, and the key risk areas. The code must be formally documented and communicated to the employees, third parties, and other stakeholders and be uploaded on the official website of the organisation.

It should also describe the disciplinary actions that can be initiated against people and this function should be continuously monitored.

Highlighting the need for a whistleblower or complaint mechanism within an organisation, the ASSOCHAM-Grant Thornton study said, n++Companies must maintain anonymity of the complaint mechanism by ensuring confidentiality of information reported through the whistle-blower mechanism.n++

There should also be a policy of non-retaliation against the whistle-blower, it added.

Companies must also effectively communicate and train their employees periodically about the policies and procedures that are developed. This process must include aspects like in-person and web-based training for people to recognise and report red flags to frauds; special training for finance professionals and others in high-risk positions (i.e. business developers, sales and marketing).

There should be enhanced focus on assessing the types of frauds that can impact business and identifying relevant types of fraud, such as fraudulent financial reporting, possible loss of assets and corruption methods through which fraud and misconduct can be done.

It also includes identifying areas where the company should focus its anti-fraud resources and periodically review the results of the fraud risk assessment with the audit committee. Such periodic assessment should be helpful in challenging certain key aspects such as management override of controls.

Highlighting how continuous monitoring using data analytics is imperative to improve efficiencies and integrate supply chains, as most organisations are now heavily reliant on IT systems to support business processes, the study suggested that companies should put adequate control on devices containing confidential data, encrypt devices and use reliable software tools with remote data wiping capabilities to safeguard against device theft or intrusions.

Besides, companies should be proactively monitoring key processes and run data analytics modules on internal/external communication, payroll and reimbursements, receivables and collections, sales and distribution, time and physical access controls and vendor payments.

Most organisations use services of third parties to manage their business operations and other activities which can sometimes significantly increase the risk of frauds whereby due diligence can be a useful tool to understand ones vendors and business partners.

Due diligence on third parties should include knowledge business interests/ affiliations, conflict of interest; any adverse news in media about unethical business practices, involvement in tax evasion, money laundering, terrorist financing or any bribery/corruption incidents; any involvement in legal proceedings/convictions for malpractice/crime and others; any political affiliations, inappropriate political support and links to politically exposed persons/entities; credit defaults and bankruptcies together with other reputational concerns.

Powered by Capital Market - Live News

Navkar Corp drops as subsidiary terminates contract with Kribhco Infrastructure
Nov 24,2016

The announcement was made after market hours yesterday, 23 November 2016.

Meanwhile, the S&P BSE Sensex was down 103.55 points or 0.4% at 25,948.26

On BSE, so far 1,339 shares were traded in the counter as against average daily volume of 30,270 shares in the past one quarter. The stock had hit a high of Rs 176.15 and low of Rs 171.75 so far during the day. The stock had hit a record high of Rs 223.65 on 29 June 2016. The stock had hit a 52-week low of Rs 151 on 3 March 2016. The stock had underperformed the market over the past 30 days till 23 November 2016, falling 11.91% compared with the 7.26% decline in the Sensex. The scrip also underperformed the market in past one quarter, falling 10.54% as against Sensexs 6.41% decline.

The small-cap company has equity capital of Rs 142.61 crore. Face value per share is Rs 10.

It may be recalled that Navkar Corporation had on 2 June 2016 announced that the companys wholly-owned subsidiary, Navkar Terminals, has received contract for operation and management of Kribhco Infrastructures container freight station (CFS)/ICD and handling of container trains at Hazira Terminal, Gujarat.

On consolidated basis, the companys net profit rose 40.86% to Rs 23.51 crore on 8.19% growth in net sales to Rs 87.99 crore in Q1 June 2016 over Q1 June 2015.

Navkar Corporation is a container freight stations (CFSs) operator in India with three CFSs. The company operates in close proximity to the Jawaharlal Nehru Port (JNP), the largest container port in India. The companys three CFSs and private railway freight terminal (PFT) operations are spread over 3.59 million sq. ft., of which 1.63 million sq. ft. have been notified as a customs area.

Powered by Capital Market - Live News

Shah Construction Company reports standalone net loss of Rs 0.21 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Shah Construction Company reported to Rs 0.21 crore in the quarter ended September 2016 as against net loss of Rs 0.07 crore during the previous quarter ended September 2015. Sales reported to Rs 0.03 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.030 0 OPM %300.000 - PBDT-0.16-0.04 -300 PBT-0.21-0.07 -200 NP-0.21-0.07 -200

Powered by Capital Market - Live News

Bannari Amman Sugars standalone net profit rises 1087.70% in the September 2016 quarter
Nov 24,2016

Net profit of Bannari Amman Sugars rose 1087.70% to Rs 45.37 crore in the quarter ended September 2016 as against Rs 3.82 crore during the previous quarter ended September 2015. Sales rose 56.95% to Rs 560.94 crore in the quarter ended September 2016 as against Rs 357.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales560.94357.40 57 OPM %17.9912.47 - PBDT77.3019.58 295 PBT59.984.99 1102 NP45.373.82 1088

Powered by Capital Market - Live News

Shivansh Finserve reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Shivansh Finserve reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 100.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.01 100 OPM %-150.00-200.00 - PBDT-0.03-0.02 -50 PBT-0.03-0.02 -50 NP-0.03-0.02 -50

Powered by Capital Market - Live News

Bimetal Bearings standalone net profit rises 70.75% in the September 2016 quarter
Nov 24,2016

Net profit of Bimetal Bearings rose 70.75% to Rs 2.51 crore in the quarter ended September 2016 as against Rs 1.47 crore during the previous quarter ended September 2015. Sales rose 4.45% to Rs 36.12 crore in the quarter ended September 2016 as against Rs 34.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.1234.58 4 OPM %4.736.77 - PBDT3.073.33 -8 PBT2.022.25 -10 NP2.511.47 71

Powered by Capital Market - Live News

Peninsula Land reports standalone net loss of Rs 9.45 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Peninsula Land reported to Rs 9.45 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 17.10% to Rs 13.15 crore in the quarter ended September 2016 as against Rs 11.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.1511.23 17 OPM %-109.51-184.15 - PBDT-0.590.55 PL PBT-1.68-0.45 -273 NP-9.45-0.05 -18800

Powered by Capital Market - Live News

PC Jeweller standalone net profit rises 16.33% in the September 2016 quarter
Nov 24,2016

Net profit of PC Jeweller rose 16.33% to Rs 106.93 crore in the quarter ended September 2016 as against Rs 91.92 crore during the previous quarter ended September 2015. Sales rose 30.23% to Rs 2174.29 crore in the quarter ended September 2016 as against Rs 1669.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2174.291669.59 30 OPM %8.2211.75 - PBDT158.14140.85 12 PBT152.66135.41 13 NP106.9391.92 16

Powered by Capital Market - Live News

Jindal Stainless reports standalone net loss of Rs 65.00 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Jindal Stainless reported to Rs 65.00 crore in the quarter ended September 2016 as against net loss of Rs 122.87 crore during the previous quarter ended September 2015. Sales rose 24.79% to Rs 1911.22 crore in the quarter ended September 2016 as against Rs 1531.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1911.221531.60 25 OPM %12.249.42 - PBDT-30.95-97.28 68 PBT-107.36-168.96 36 NP-65.00-122.87 47

Powered by Capital Market - Live News

Lloyd Electric & Engineering standalone net profit rises 25.05% in the September 2016 quarter
Nov 24,2016

Net profit of Lloyd Electric & Engineering rose 25.05% to Rs 12.18 crore in the quarter ended September 2016 as against Rs 9.74 crore during the previous quarter ended September 2015. Sales rose 29.80% to Rs 510.61 crore in the quarter ended September 2016 as against Rs 393.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales510.61393.38 30 OPM %9.4010.69 - PBDT24.5119.84 24 PBT16.3912.34 33 NP12.189.74 25

Powered by Capital Market - Live News

Aries Agro standalone net profit rises 132.02% in the September 2016 quarter
Nov 24,2016

Net profit of Aries Agro rose 132.02% to Rs 5.87 crore in the quarter ended September 2016 as against Rs 2.53 crore during the previous quarter ended September 2015. Sales rose 43.04% to Rs 67.00 crore in the quarter ended September 2016 as against Rs 46.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.0046.84 43 OPM %21.0319.02 - PBDT9.544.28 123 PBT9.023.85 134 NP5.872.53 132

Powered by Capital Market - Live News

Aries Agro consolidated net profit rises 97.47% in the September 2016 quarter
Nov 24,2016

Net profit of Aries Agro rose 97.47% to Rs 6.24 crore in the quarter ended September 2016 as against Rs 3.16 crore during the previous quarter ended September 2015. Sales rose 32.34% to Rs 75.05 crore in the quarter ended September 2016 as against Rs 56.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.0556.71 32 OPM %22.3923.51 - PBDT11.927.35 62 PBT9.834.69 110 NP6.243.16 97

Powered by Capital Market - Live News