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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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Tulsi Extrusions to hold board meeting
Oct 20,2016

Tulsi Extrusions will hold a meeting of the Board of Directors of the Company on 27 October 2016.

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Sadbhav Infra gains after receiving completion certificate for two check posts
Oct 20,2016

The announcement was made during market hours today, 20 October 2016.

Meanwhile, the BSE Sensex was up 123.35 points, or 0.44%, to 28,107.72.

On BSE, so far 10,703 shares were traded in the counter, compared with an average volume of 70,700 shares in the past one quarter. The stock hit a high of Rs 112.60 and a low of Rs 106.85 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a record low of Rs 66.30 on 15 February 2016. The stock had outperformed the market over the past one month till 19 October 2016, rising 2.38% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.8% as against Sensexs 0.71% rise.

The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.

Sadbhav Infrastructure Project said that with the receipt of these certificates, Maharashtra Border Check Post Network (MBCPNL), a subsidiary of the company and a special purpose vehicle incorporated for the project of construction, operation and maintenance and modernisation and computerization of integrated border check posts received provisional/final certificate for 18 check posts out of which 13 check posts have started generating revenue. The construction work is at an advanced stage for balance 6 check posts.

Sadbhav Infrastructure Project reported consolidated net loss of Rs 89.46 crore in Q1 June 2016 compared with net loss of Rs 88.34 crore in Q1 June 2015. Net sales fell 33.3% to Rs 361.70 crore in Q1 June 2016 over Q1 June 2015.

Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.

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Apple Credit Corporation to hold board meeting
Oct 20,2016

Apple Credit Corporation will hold a meeting of the Board of Directors of the Company on 1 November 2016 to consider and approve the un-audited financial results of the Company for the quarter / half year ended September 30, 2016.

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Westlife Development to hold board meeting
Oct 20,2016

Westlife Development will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider, the unaudited financial results for the quarter and half year ended September 30, 2016.

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Tatia Global Venture to hold board meeting
Oct 20,2016

Tatia Global Venture will hold a meeting of the Board of Directors of the Company on 31 October 2016 to consider and take on record the Unaudited financial results of the Company for the quarter ended September 30, 2016 along with Limited Review report.

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Page Industries to hold board meeting
Oct 20,2016

Page Industries will hold a meeting of the Board of Directors of the Company on 10 November 2016 to take on record the Unaudited Financial Results for the second quarter ended September 30, 2016 (Q2),to consider declaration of 2nd interim dividend, to the Equity Shareholders of the Company for the current financial year 2016-17.

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Deccan Gold Mines to hold board meeting
Oct 20,2016

Deccan Gold Mines will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider and approve the unaudited financial results of the Company for the quarter / half-year ended September 30, 2016.

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Mangalam Cement to hold board meeting
Oct 20,2016

Mangalam Cement will hold a meeting of the Board of Directors of the Company on 5 November 2016 to consider, approve and take on record the Unaudited Financial Results of the Company for the quarter & half year ended September 30, 2016.

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Ashram Online.com to hold board meeting
Oct 20,2016

Ashram Online.com will hold a meeting of the Board of Directors of the Company on 31 October 2016 to consider and take on record the Unaudited financial results of the Company for the quarter ended September 30, 2016, along with Limited Review report.

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KG Denim to hold board meeting
Oct 20,2016

KG Denim will hold a meeting of the Board of Directors of the Company on 4 November 2016 to consider and approve the Un-audited Financial Results of the Company along with the Limited Review Report for the Quarter ended September 30, 2016.

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Board of ABC Bearings appoints director
Oct 20,2016

ABC Bearings announced that the Board of Directors at their Meeting held on 19 October 2016, appointed Sahir S. Patel as Additional Executive Director of the Company.

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Switching Technologies Gunther to hold board meeting
Oct 20,2016

Switching Technologies Gunther will hold a meeting of the Board of Directors of the Company on 31 October 2016 to consider and approve the un-audited financial results of the Company for the Quarter ended September 30, 2016.

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Ashoka Buildcon gains after receipt of letters of intent
Oct 20,2016

The announcement was made after market hours yesterday, 19 October 2016.

Meanwhile, the S&P BSE Sensex was up 121.13 points, or 0.43%, to 28,105.50

On BSE, so far 22,000 shares were traded in the counter, compared with an average volume of 65,927 shares in the past one quarter. The stock hit a high of Rs 172.35 and a low of Rs 168.75 so far during the day. The stock hit a record high of Rs 211.90 on 23 December 2015. The stock hit a 52-week low of Rs 111 on 7 April 2016. The stock had outperformed the market over the past 30 days till 19 October 2016, falling 1.07% compared with 1.89% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 0.18% as against Sensexs 0.99% rise.

The mid-cap company has an equity capital of Rs 93.57 crore. Face value per share is Rs 5.

Ashoka Buildcon said that the company has received letters of intent (LOIs) from Dakshinanchal Vidyut Vitran Nigam (DVVNL) for execution of work on rural electrification on turnkey basis under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) scheme, a Government of India scheme on behalf of DVVNL/Government of Uttar Pradesh for Aligarh and Kanpur zones. The aggregate accepted bid value of the projects is Rs 178.66 crore.

On a consolidated basis, Ashoka Buildcons net profit dropped 32.72% to Rs 30.82 crore on 4.36% fall in total income to Rs 476.52 crore in Q1 June 2016 over Q1 June 2015.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.

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Board of Scan Steels allots equity shares on conversion of warrants
Oct 20,2016

Scan Steels announced that the Board of Directors of the Company at its meeting held on 20 October 2016 has approved the allotment of 1733333 equity shares of Rs 10 each on conversion of warrants. Consequently, the paid up share capaital of the Company has increased to 50538963 equity shares of Rs 10 each.

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Hindustan Organic Chemicals to hold board meeting
Oct 20,2016

Hindustan Organic Chemicals will hold a meeting of the Board of Directors of the Company on 28 October 2016 to consider and to approve the Un-audited Financial Results of the Company for the 2nd Quarter/Half year ended September 30, 2016 and to fix the date for Extra Ordinary General Meeting (EGM) of the Company.

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