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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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Saregama India standalone net profit declines 66.57% in the December 2016 quarter
Jan 25,2017

Net profit of Saregama India declined 66.57% to Rs 1.10 crore in the quarter ended December 2016 as against Rs 3.29 crore during the previous quarter ended December 2015. Sales rose 0.69% to Rs 54.19 crore in the quarter ended December 2016 as against Rs 53.82 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales54.1953.82 1 OPM %4.417.86 - PBDT3.306.28 -47 PBT2.224.22 -47 NP1.103.29 -67

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VRL Logistics standalone net profit declines 16.15% in the December 2016 quarter
Jan 25,2017

Net profit of VRL Logistics declined 16.15% to Rs 21.75 crore in the quarter ended December 2016 as against Rs 25.94 crore during the previous quarter ended December 2015. Sales rose 4.97% to Rs 448.30 crore in the quarter ended December 2016 as against Rs 427.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales448.30427.08 5 OPM %13.2515.68 - PBDT56.4162.58 -10 PBT32.5440.16 -19 NP21.7525.94 -16

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IIFL Holdings standalone net profit declines 67.79% in the December 2016 quarter
Jan 25,2017

Net profit of IIFL Holdings declined 67.79% to Rs 25.91 crore in the quarter ended December 2016 as against Rs 80.45 crore during the previous quarter ended December 2015. Sales declined 55.87% to Rs 36.17 crore in the quarter ended December 2016 as against Rs 81.97 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales36.1781.97 -56 OPM %95.1998.84 - PBDT32.8479.60 -59 PBT32.6779.58 -59 NP25.9180.45 -68

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Tata Consultancy Services to collaborate with Gfi Infromatique on smart city technology
Jan 25,2017

Tata Consultancy Services announced a Proof of Concept for the City of Belfort, France using big data analytics to optimise urban bus transport. The solution is a collaboration between the Citys Board of Public Transport, Gfi Informatique and TCS. It will support Belforts smart city strategy, which aims to help local authorities deploy digital transformation projects.

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Inox Leisure opens Multiplex Cinema Theatre in Aurangabad
Jan 25,2017

Inox Leisure has commenced the Commercial Operations of a Multiplex Cinema Theatre, taken on Leave & License basis, and located at Reliance Mega Mall, Gajanan Maharaj Mandir Road, Garkheda, Aurangabad - 431 009 with effect from 25 January 2017.

The said Multiplex Cinema Theatre has 3 screens and 880 seats.

INOX is now present in 57 cities with 114 Multiplexes, 449 screens and a total seating capacity of 1,14,171 seats across India.

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National Fertilizer gets ratings assigned for various credit facilities
Jan 25,2017

National Fertilizer has been assigned the following ratings by India Ratings & Research -

Fund based working capital - IND AA/ Stable / IND A1+

Non-fund based working capital - IND A1+

Long term loans -Ammonia Feedstock Conversion Project - IND AA/ Stable

Long term loans -External Commercial Borrowings - IND AA/ Stable

Proposed long term loans - Provisional IND AA/ Stable

Commercial Paper - IND A1+

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Great Eastern Shipping Company takes delivery of vessel
Jan 25,2017

Great Eastern Shipping Company took delivery of a second hand Aframax Crude Carrier Jag Laxmi (2012 Built) of about 105,525 dwt. The company had contracted to buy the vessel in November 2016.

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Chemfab Alkalis gets accreditation for chemical testing at its QA Laboratory at Puducherry
Jan 25,2017

Chemfab Alkalis announced that Companys Quality Assurance (QA) Laboratory at Puducherry Plant has been granted Accreditation for Chemical Testing in accordance with ISO 17025-2005 by National Accreditation Board for testing & calibration laboratories (NABL).

NABL is an autonomous Institution under the Department of Science and Technology, Government of India.

Companys QA Laboratory is the first laboratory in India and the Chlor-alkali sector to be given this accreditation for analysis of chlor-alkali related samples.

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Tata Steel to acquire majority stake in Creative Port Development
Jan 25,2017

Tata Steel has executed definitive agreements with Creative PortDevelopment (CPDPL) and their promoters for the proposed development of n++Subarnarekha Portn++ at Chaumukh village of Balasore district in Odisha.

As per the agreements, TSL will acquire majority equity stake in CPDPL, and the port development is envisaged through a wholly-owned subsidiary, Subarnarekha Port (SPPL). The acquisition and development is subject to certain conditions precedent, detailed technical assessments and financial closure.

CPDPL, promoted by two technoprenuers, Ramani Ramaswamy and Ramaswamy Rangarajan, had entered into a Concession Agreement with the Government of Odisha in January 2008 to develop the Subarnarekha Port as an allweather deep-draft facility. Detailed engineering study to arrive at the configuration and the project cost will be undertakensoon.

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Havells India to launch range of personal grooming product
Jan 25,2017

Havells India is extending its current product range of small domestic appliances with the addition of personal grooming products.

The relevant disclosures prescribed under the captioned regulation are given hereunder:-

a) Name of the product - Personal Grooming Products such as Trimmers, Shavers, Hair dryer, Epilator, Straightener etc.

b) Date of launch - Formal launch expected in early February, 2017

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Aro Granite Industries director resigns
Jan 25,2017

Aro Granite Industries announced that Kasturi Lal Arora has resigned from the Board of the Company with immediate effect.

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Tech Mahindra to announce Q3 results
Jan 25,2017

Tech Mahindra will announced its Third Quarter FY 2017 results on 30 January 2017.

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Tech Mahindra to announce Q3 results
Jan 25,2017

Tech Mahindra will announced its Third Quarter FY 2017 results on 30 January 2017.

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Agenda for board meeting of GHCL
Jan 25,2017

GHCL announced a Board Meeting of the Company is scheduled on 31 January 2017 to consider and approve the reviewed un-audited financial results of the Company for the quarter ended 31 December 2016. The Board may also consider the following items in the said meeting:

Payment of Interim Dividend for the financial year 2016-17.

Consideration and evaluation of proposal for Buy Back of the Companys Equity Shares and matters incidental thereto in accordance with the provisions of the SEBI (Buy Back of Securities) Regulations, 1998, the Companies Act, 2013 and rules made thereunder.

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FPIs resume buying
Jan 25,2017

Foreign portfolio investors (FPIs) bought stocks worth a net Rs 92.32 crore from the secondary equity markets yesterday, 24 January 2017, compared with net outflow of Rs 270.66 crore during the preceding trading session 23 January 2017. The net inflow of Rs 92.32 crore on 24 January 2017 was a result of gross purchases of Rs 5061.80 crore and gross sales of Rs 4969.48 crore. On that day, the Sensex gained 258.24 points or 0.95% to settle at 27,375.58, its highest closing level since 10 November 2016.

There was a net inflow of Rs 18.18 crore into the category primary market & others on 24 January 2017, which was a result of gross purchases of Rs 92.18 crore and gross sales of Rs 74 crore.

FPIs have sold stocks worth a net Rs 3470.14 crore in January 2017 so far (till 24 January 2017). They had sold stocks worth a net Rs 8960.36 crore into the secondary equity markets in December 2016. FPIs had purchased shares worth a net Rs 12094.42 crore from the secondary equity markets in calendar year 2016.

There has been a net inflow of Rs 96.82 crore from FPIs from the category primary market & others in January 2017 so far (till 24 January 2017). There was a net inflow of Rs 784.07 crore from FPIs into the category primary market & others in December 2016. The net inflow from FPIs into category primary markets & others had totaled Rs 8471.76 crore in calendar year 2016.

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