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

Persistent Systems slips after muted Q2 outcome
Oct 24,2016

The result was announced on Saturday, 22 October 2016.

Meanwhile, the BSE Sensex was up 100.52 points, or 0.36%, to 28,177.70.

On BSE, so far 7,515 shares were traded in the counter, compared with average daily volume of 10,276 shares in the past one quarter. The stock hit a high of Rs 679.80 and a low of Rs 656 so far during the day. The stock hit a 52-week high of Rs 796.75 on 21 March 2016. The stock hit a 52-week low of Rs 501.10 on 28 September 2016. The stock had outperformed the market over the past 30 days till 21 October 2016, rising 12.54% compared with 2.42% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 3.06% as against Sensexs 0.99% rise.

The mid-cap company has equity capital of Rs 80 crore. Face value per share is Rs 10.

On a consolidated basis, Persistent Systems earnings before interest, taxes, depreciation and Amortization (EBITDA) rose 4.8% to Rs 110.77 crore in Q2 September 2016 over Q1 June 2016.

Dr. Anand Deshpande, chairman and managing director, Persistent Systems said that the company believes that its strategy of enhanced focus on IP-driven and digital business will result in continued growth of the company as its responds to changing market conditions.

Persistent Systems builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.

Powered by Capital Market - Live News

INR550bn OMOs to Keep Liquidity Balanced during 2HFY17
Oct 24,2016

India Ratings and Research (Ind-Ra), according to base case scenario, expects another INR550bn of durable liquidity needs to be infused through open market operation (OMO) purchases in 2HFY17, over and above INR1.05trn in 1HFY17. Ind-Ras base case scenario is built on RBIs stated objective of neutral liquidity, which ensures minimal shortages as well as minimal surpluses. Hence, any preference towards considerable excess in liquidity will be adjusted through durable liquidity creation or OMO purchases. Similarly, surge in Fx flows may not necessitate permanent sterilization in the near-term.

BoP, CIC Surprises or Change in Reserve Bank of India (RBI) Strategy could lead to Higher OMOs: Since INR1trillion of OMOs has already been conducted during 1HFY17, necessity of similar amount of OMO in 2HFY17 will only be limited to certain conditions. Higher than expected INR550bn amount of OMO purchase in 2HFY17 would be contingent upon i) subdued net forex flows, or lower than estimated17.4bn BoP surplus ii) sharp rise in currency in circulation (CIC) against tepid growth in nominal variables iii) RBI continuing to maintain high surplus liquidity in the interbank market against the stated strategy for neutral liquidity.

Healthy BoP Surplus will be Major Contributor to Reserve Money Creation: Ind-Ra, after financing of the current account deficit (CAD), expects the capital inflows to add nearly USD17.4bn (INR1.18trn) to the forex reserve in FY17. These accretions take into account the FCNR (B) redemptions. According to the latest BoP data available, USD7bn had been added to the forex reserves till August 2016.

Rise in CIC to Remain Limited: Growth rate in CIC for the current year is likely to be restricted by multiple factors; such as drive against declaration of unaccounted wealth which could bring back large amount of cash into the system. An increase of 13%yoy RM as against similar growth in FY16 (13% yoy as on 18th March 2016) could reduce large (another INR1trn) requirement for OMO.

RBI to Keep Adequate Interbank Liquidity: Ind-Ras prognosis suggests that the urge for maintaining high surplus in the systemic liquidity will reduce after FCNR (B) redemption is over by November. Further, there may be legitimate reasons to retain the appetite for OMO purchase in the next fiscal ahead of limited room for the incremental rating action. This will support policy makers to maintain an accommodative strategy in sync with the RBIs accommodative stance. Otherwise absence of rate action or OMO purchase may exert undue pressure on yields during FY18, limiting the efficacy of RBIs accommodative monetary policy transmission.

Powered by Capital Market - Live News

Vishvprabha Trading to hold board meeting
Oct 24,2016

Vishvprabha Trading will hold a meeting of the Board of Directors of the Company on 8 November 2016 un-audited Financial results of the Company for the 2nd quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Mrugesh Trading to hold board meeting
Oct 24,2016

Mrugesh Trading will hold a meeting of the Board of Directors of the Company on 8 November 2016 to consider and take on record the un-audited Financial results of the Company for the 2nd quarter ended on September 30, 2016.

Powered by Capital Market - Live News

Texel Industries to hold board meeting
Oct 24,2016

Texel Industries will hold a meeting of the Board of Directors of the Company on 7 November 2016 to consider and approve Un-Audited Financial Results for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Atul Auto to hold board meeting
Oct 24,2016

Atul Auto will hold a meeting of the Board of Directors of the Company on 12 November 2016 to consider and approve the unaudited financial results for the quarter and half year ended on September 30, 2016 and to consider declaration of interim dividend for financial year 2016-17.

Powered by Capital Market - Live News

Hindustan Housing Company to hold board meeting
Oct 24,2016

Hindustan Housing Company will hold a meeting of the Board of Directors of the Company on 7 November 2016 Unaudited Financial Results of the Company for the Quarter and Half Year ended on September 30, 2016.

Powered by Capital Market - Live News

Kriti Nutrients to hold board meeting
Oct 24,2016

Kriti Nutrients will hold a meeting of the Board of Directors of the Company on 10 November 2016 to consider and approve the Un-Audited Financial Results for the Quarter and Half Yearly ended September 30, 2016.

Powered by Capital Market - Live News

Lambodhara Textiles to hold board meeting
Oct 24,2016

Lambodhara Textiles will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and take on record the Unaudited Financial Results of the Company for the Quarter / Half year ended September 30, 2016.

Powered by Capital Market - Live News

Huhtamaki PPL to hold board meeting
Oct 24,2016

Huhtamaki PPL 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 ended September 30, 2016.

Powered by Capital Market - Live News

Competent Automobiles to hold board meeting
Oct 24,2016

Competent Automobiles will hold a meeting of the Board of Directors of the Company on 4 November 2016 Unaudited Financial Results of the Company for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Beardsell to hold board meeting
Oct 24,2016

Beardsell will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider the Statement of Unaudited Financial Results for the quarter and six months ended September 30, 2016.

Powered by Capital Market - Live News

Max Financial Services to hold board meeting
Oct 24,2016

Max Financial Services will hold a meeting of the Board of Directors of the Company on 4 November 2016 un-audited financial results of the Company together with Limited Review by the Auditors for the quarter and half year ended September 30, 2016 (Q2).

Powered by Capital Market - Live News

Gagan Gases to hold board meeting
Oct 24,2016

Gagan Gases will hold a meeting of the Board of Directors of the Company on 29 October 2016 to take on record unaudited financial results for the quarter ended September 30, 2016.

Powered by Capital Market - Live News

Advani Hotels & Resorts (India) to hold board meeting
Oct 24,2016

Advani Hotels & Resorts (India) will hold a meeting of the Board of Directors of the Company on 2 November 2016 to consider and approve the Unaudited Financial Results for the Second quarter (Q2) and Half year (H1) ended September 30, 2016.

Powered by Capital Market - Live News