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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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Emami drops after muted growth in Q4
May 05,2017

The result was announced after market hours yesterday, 4 May 2017.

Meanwhile, the S&P BSE Sensex was down 212 points or 0.7% at 29,914.21

On BSE, so far 16,000 shares were traded in the counter as against 30,422 shares in the past one quarter. The stock hit a high of Rs 1,099.05 and a low of Rs 1,069.70 so far during the day. The stock had hit a 52-week high of Rs 1,260.80 on 4 November 2016. The stock had hit a 52-week low of Rs 937 on 23 December 2016.

The large-cap company has equity capital of Rs 22.70 crore. Face value per share is Re 1.

Emami is one of the leading personal and healthcare businesses in India, with portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm and Fast Relief.

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Eight States Assemblies pass the State GST Act within a short span of less than one month
May 05,2017

Eight States have passed the State Goods and Services Tax (SGST) Act in their respective State Assembly in less than a months time. The Legislative Assembly of Telangana State passed the State GST Act on 9th April, 2017, that of Bihar State passed it on 24th April, 2017, Rajasthan Assembly on 26th April, 2017, that of Jharkhand on 27th April, 2017, Chhattisgarh Assembly on 28th April, 2017, that of Uttarakhand on 2nd May, 2017, Madhya Pradesh Assembly on 3rd May, 2017 while the Assembly of State of Haryana passed the State GST Bill today i.e. 4th May, 2017.

Earlier the GST Council had approved the model State GST (SGST) Bill in its 12th Meeting held on 16th March, 2017. The remaining States/UTs (having Legislative Assembly) are likely to pass the State GST Bill in their respective Assemblies before the end of this month, except one or two States which may pass the same in early next month.

The next GST Council meeting is scheduled to be held at Srinagar, J&K on 18th and 19th May, 2017. The Central Government has already informed that GST will be rolled-out from 1st July, 2017. The quick passage of the State GST Act by the different State Assemblies in a time bound manner shows the keenness on the part of the State Governments to ensure that implementation of the GST in letter and spirit is not further delayed and takes place from 1st July, 2017 as targeted by the Central Government. The officers of the Department of Revenue, Government of India led by the Revenue Secretary, Dr. Hasmukh Adhia and the concerned officials of the State Governments have already started the outreach programme in order to create general awareness among the people at large and stakeholders in particular and remove their doubts, if any, about the various provisions of GST and its related legislations.

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Tata Motors skids after JLR reports drop in April retail sales
May 05,2017

The announcement was made during market hours today, 5 May 2017.

Meanwhile, the BSE Sensex was down 135.25 points, or 0.45%, to 29,990.96.

The stock has dropped 4.91% in four sessions to ruling price of Rs 435.30 from a close of Rs 457.80 on 28 April 2017.

On the BSE, 5.18 lakh shares were traded in the counter so far, compared with average daily volumes of 5.9 lakh shares in the past one quarter. The stock had hit a high of Rs 438 and a low of Rs 423.75 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 376.05 on 11 May 2016.

The stock had underperformed the market over the past one month till 4 May 2017, falling 7.22% compared with Sensexs 0.72% gains. The scrip had also underperformed the market in past one quarter, dropping 16.46% as against Sensexs 6.68% rise.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Retail sales of Jaguar Land Rover (JLR) for the month of April were up in North America (32.5%), China (10.1%) and Europe (2.7%), but down in the UK (34.6%) and in other overseas markets (19.7%) in April 2017 over April 2016.

Andy Goss, Jaguar Land Rover (JLR) Group Sales Operations Director said that April was a solid sales month with a strong performance from Jaguar led by the award winning F-PACE. A small decrease in sales was seen due to two factors. In the UK, customers purchased vehicles before the increase in vehicle tax on 1 April 2017.

In addition, the run-out of the previous Discovery model accounted for a decrease in Land Rover sales. Sales will increase from May month as the all-new Discovery model continues to go on sale across the world, particularly in China and North America, two of Jaguar Land Rovers biggest markets, he added.

Jaguar had a record April, with retail sales jumping 54% to 12,310 vehicles in April 2017 over April 2016, led by continuing strong sales of the F-PACE, XE and the long wheel base XFL from the China joint venture.

Retail sales for Land Rover fell 15.8% to 28,075 vehicles in April 2017 over April 2016, primarily reflecting the run-out of the Discovery and softer sales of other models, which were only partially offset by sales of the all-new Discovery and solid sales of Range Rover.

Jaguar Land Rover is investing around n++3.5 billion annually to extend its model range and manufacturing footprint, including the investment in a new plant in Slovakia and recently launched models including the all-new Discovery, Range Rover Velar and the long wheel base Jaguar XFL for the Chinese-market, the company said.

Over the past six years, Jaguar Land Rover has doubled sales and employment, more than tripled turnover, and invested more than n++16 billion in new product creation and capital expenditure. The company will invest in new products and facilities in Fiscal 2018 and beyond. Jaguar Land Rover is one of the UKs largest exporters and generates around 80% of its revenue from exports.

On 1 May 2017, Tata Motors reported that total sales of passenger and commercial vehicles fell 21% at 30,972 units in April 2017 over April 2016.

Tata Motors consolidated net profit fell 96.2% to Rs 111.57 crore on 2.2% decline in net sales to Rs 66855.18 crore in Q3 December 2016 over Q3 December 2015.

Tata Motors is a market leader in commercial vehicles in India. The companys British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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Tata Coffee infuses USD 4.75 million in equity capital of Tata Coffee Vietnam Company
May 05,2017

Tata Coffee announced that the Company has infused an amount of USD 4.75 Million (approximately Rs.30.49 crore) in the equity capital of Tata Coffee Vietnam Company (TCVCL), which is incorporated as a Single Member Limited Liability Company in Vietnam; and consequently, TCVCL became a Wholly-owned Subsidiary of the Company.

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GTN Textiles to hold board meeting
May 05,2017

GTN Textiles will hold a meeting of the Board of Directors of the Company on 18 May 2017.

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Excel Crop Care to hold board meeting
May 05,2017

Excel Crop Care will hold a meeting of the Board of Directors of the Company on 25 May 2017.

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Bhilwara Technical Textiles to hold board meeting
May 05,2017

Bhilwara Technical Textiles will hold a meeting of the Board of Directors of the Company on 19 May 2017.

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Indian Metals & Ferro Alloys to hold board meeting
May 05,2017

Indian Metals & Ferro Alloys will hold a meeting of the Board of Directors of the Company on 18 May 2017.

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Apollo Finvest (India) to hold board meeting
May 05,2017

Apollo Finvest (India) will hold a meeting of the Board of Directors of the Company on 10 May 2017.

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National Plastic Industries to hold board meeting
May 05,2017

National Plastic Industries will hold a meeting of the Board of Directors of the Company on 13 May 2017.

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Pennar Industries to hold board meeting
May 05,2017

Pennar Industries will hold a meeting of the Board of Directors of the Company on 18 May 2017.

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Jindal Stainless to hold board meeting
May 05,2017

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 12 May 2017.

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Ducon Infratechnologies to hold board meeting
May 05,2017

Ducon Infratechnologies will hold a meeting of the Board of Directors of the Company on 15 May 2017.

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South Indian Bank to hold board meeting
May 05,2017

South Indian Bank will hold a meeting of the Board of Directors of the Company on 15 May 2017.

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Sutlej Textiles & Industries to hold board meeting
May 05,2017

Sutlej Textiles & Industries will hold a meeting of the Board of Directors of the Company on 18 May 2017.

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