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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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Escorts Agri Machinery sells 5776 tractors
Jul 03,2017

Escorts announced that its Agri Machinery Segment (EAM) sold 5,776 tractors in June 2017 against 6,946 tractors in June 2016.

Domestic sales in June 2017 stood at 5,669 tractors against 6,890 in June 2016. Export for the month of June 2017 at 107 tractors against 56 tractors in June 2016.

While domestic retail sales has grown by about 12% YoY but wholesales have been reduced during June 2017 to enable de-stocking by the Dealers to minimize the transition impact on inventories caused by GST provisions and the same will be made up during Q2 (July-Sep2017).

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Maruti Suzuki, Tata Motors in focus after declaring monthly sales
Jul 03,2017

Maruti Suzuki Indias total sales rose 7.6% to 1.06 lakh units in June 2017 over June 2016. Domestic sales grew by 1.2% to 93,263 units in June 2017 over June 2016. Export sales jumped 95.8% to 13,131 units in June 2017 over June 2016. The announcement was made on Saturday, 1 July 2017.

Tata Motors passenger and commercial vehicles total sales (including exports) fell 9% to 40,358 vehicles in June 2017 over June 2016. The companys domestic sales of Tata commercial and passenger vehicles for June 2017 were at 36,854 vehicles, lower by 5% over 38,718 vehicles sold in June 2016. The announcement was made on Saturday, 1 July 2017.

Fertiliser stocks may edge higher after the GST Council announced reduction in GST rate of fertilisers to 5% from 12%. This decision was primarily taken in the interests of the farmers. The announcement was made after market hours on Friday, 30 June 2017.

NBCC (India) and Rail Development Authority, a statutory authority under the Ministry of Railways have signed a Memorandum of Understanding for re-development of 10 Railway stations i.e. Tirupati, Pudducherry, Eranakulam, Nellore, Madgaon, Thane, Lucknow, Kota, Gomati Nagar (Lucknow) and Sarai Rohilla (Delhi). The re-development of railway station would be integrated with Smart City features. The announcement was made after market hours on Friday, 30 June 2017.

JMC Projects secured three new orders worth Rs 710 crore. The order includes two water pipeline projects in Madhya Pradesh totaling Rs 257 crore, four commercial projects in Bangalore and Chennai totalling Rs 340 crore and one residential project in Chennai of Rs 115 crore. The announcement was made after market hours on Friday, 30 June 2017.

Kalpataru Power Transmission received new orders in the power and infrastructure sector worth Rs 676 crore. The announcement was made after market hours on Friday, 30 June 2017.

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Mahindra & Mahindra achieves total sales of 35,716 units
Jul 01,2017

Mahindra & Mahindra achieved total sales of 35,716 units in month of June 2017, lower by 8% compared to 39009 units in June 2016. Total sales comprised of 33,861 units of domestic sales and exports of 1855 units in June 2016.

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Satin Creditcare Network allots 658,690 equity shares
Jul 01,2017

Satin Creditcare Network has on 30 June 2017 allotted 6,58,690 Equity Shares of Rs. 10/- each pursuant to conversion of 6,58,690 Fully Convertible Warrants (Warrants) allotted on 21 April 2017, into equivalent number of Equity Shares, to M/s. Trishashna Holdings & Investments Private Limited, being an entity belonging to the Promoter Category.

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Oriental Bank of Commerce announces retirement of director
Jul 01,2017

Oriental Bank of Commerce announced that Animesh Chauhan, Managing Director & CEO of the Bank has vacated office on his superannuation on 30 June 2017.

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Oriental Bank of Commerce announces cessation of director
Jul 01,2017

Oriental Bank of Commerce announced the vacation of Rajkiran Rai G., Executive Director on the Board of the Bank on 30 June 2017 on his appointment as Managing Director & CEO of Union Bank of India.

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Eicher Motors announces sales performance
Jul 01,2017

Eicher Motors achieved total sales of 63160 units in the month of June 2017 compared to 50682 units in June 2016, recording a growth of 25%. Total sales included exports of 1489 units in June 2017.

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Board of Shilpi Cable Technologies appoints director and company secretary
Jul 01,2017

Shilpi Cable Technologies announced that the Board of Directors of the Company have considered and approved the following -

Appointment of Nalini Malhotra as Additional Director of the Company with effect from 30 June, 2017 (Women Independent Director).

Appointment of Gurvinder Singh as Company Secretary and Compliance officer of the Company with effect from 01 July, 2017.

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Union Bank of India announces change in MD
Jul 01,2017

Union Bank of India announced that Arun Tiwari, Chairman & Managing Director of the Bank has superannuated from the services of the Bank on 30 June 2017. Further, Rajkiran Rai G. appointed by Central Government taken over the charge as Managing Director & Chief Executive Officer of the Bank on 01 July 2017.

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Shah Alloys CFO resigns
Jul 01,2017

Shah Alloys announced the resignation of Yashpal Mehta from the post of CFO with effect from 30 June 2017.

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Adhunik Metaliks announces resignation of nominee director
Jul 01,2017

Adhunik Metaliks announced that Uttara Dasgupta (DIN:006570950), Nominee Director, nominated by State Bank of India, has resigned from the Directorship of the Company with effect from close of business hours on 30 June 2017 due to her personal reasons and commitments.

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Vardhman Textiles gets revision in ratings for bank facilities
Jul 01,2017

Vardhman Textiles announced that CRISIL has revised the ratings of the company as under -

Rating on Total Bank loan facilities (Rs. 5416.23 crore) :-

-Long Term : CRISIL AA+/Stable (upgraded from CRISIL AA/Positive)

-Short Term : CRISIL A1+ (Re-affirmed)

Rating on Fixed Deposits:-CRISIL FAAA/ Stable (upgraded from CRISIL FAA+/ Positive)

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Precision Wires India to hold AGM
Jul 01,2017

Precision Wires India announced that the Annual General Meeting (AGM) of the company will be held on 19 August 2017.

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Mukand to hold AGM
Jul 01,2017

Mukand announced that the 79th Annual General Meeting (AGM) of the company will be held on 24 July 2017.

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Honeywell Automation India to hold AGM
Jul 01,2017

Honeywell Automation India announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2017.

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