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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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Central Bank of India to hold AGM
Jun 07,2017

Central Bank of India announced that the 10th Annual General Meeting(AGM) of the bank on 30 June 2017.

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Narmada Macplast Drip Irrigation Sys. to hold AGM
Jun 07,2017

Narmada Macplast Drip Irrigation Sys. announced that the th Annual General Meeting(AGM) of the company on 30 September 2017.

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Sical Logistics advances after new order win
Jun 07,2017

The announcement was made after market hours yesterday, 6 June 2017.

Meanwhile, the S&P BSE Sensex was up 132.75 points or 0.43% at 31,323.31. The S&P BSE Small-Cap index was up 135.04 points, or 0.88% at 15,445.57.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 10,765 shares in the past one quarter. The stock hit a high of Rs 265.20 and a low of Rs 254 so far during the day. The stock had hit a 52-week high of Rs 285 on 11 May 2017. The stock had hit a 52-week low of Rs 142 on 10 August 2016.

The small-cap company has equity capital of Rs 55.60 crore. Face value per share is Rs 10.

Sical Logistics said that the company has been awarded with a Letter of Acceptance by Mahanandi Coal Fields at a contracted value of Rs 289 crore. The contract is for extraction of coal / coal measure strata by deploying surface miners on hiring basis, mechanical transfer of the same by pay loaders into tipping trucks and transportation from surface miner face to different destinations at Bharatpur for an extraction quantity of 24368779 Cu.M. over a period of 1,095 days (three years).

On consolidated basis, Sical Logistics net profit increased 55.51% to Rs 14.12 crore on 16.81% growth in total income to Rs 263.48 crore in Q4 March 2017 over Q4 March 2016.

Sical Logistics is integrated logistics solutions provider providing end to end logistics solutions.

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Board of IVP recommends final dividend
Jun 07,2017

IVP announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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IVP to hold AGM
Jun 07,2017

IVP announced that the th Annual General Meeting(AGM) of the company on 10 August 2017.

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US stocks drop for second straight day
Jun 07,2017

U.S. stocks fell for a second session on Tuesday, 07 June 2017 as market sentiment turned jittery ahead of a U.K. general election and uncertainties associated with former Federal Bureau of Investigation boss James Comeys testimony to the Senate later this week.

The Dow Jones Industrial Average declined 47.81 points, or 0.2%, to end at 21,136.23. The Nasdaq Composite Index slid 20.63 points, or 0.3%, to close at 6,275.06. The S&P 500 dropped 6.77 points, or 0.3%, to close at 2,429.33, with consumer discretionary and industrials leading the losses. Wal-Mart and Boeing were the top Dow decliners.

Investors were in a cautious mood as they wait for former FBI director Jim Comeys Senate appearance, the outcome of the U.K. general election, and a policy meeting of the European Central Bank, all on Thursday.

The cautious stance in turn bolstered demand for assets perceived as havens such as U.S. Treasurys, gold and the Japanese yen. Haven appetite was also fueled in part on concerns about a diplomatic row between Qatar and other Middle Eastern nations.

However, despite investors caution, the equity market kept its loss to a minimum throughout most of Tuesdays session. The technology sector played a huge role in keeping the broader market afloat for most of the day.

Weakness in the U.S. dollar, with the ICE U.S. Dollar Index edging down by 0.3%, and some losses among U.S. equities, helped to lift investment demand for gold.

But this week also has brought a rift between Qatar and other Mideast nations, helping to further boost golds appeal as a hedge against uncertainty.

Gold for August delivery rose $14.80, or 1.2%, to settle at $1,297.50 an ounce. Prices extended their streak of gains into a third-consecutive session and finished at the highest for a most-active contract since 4 Nov 2016. July silver rose 12.9 cents, or 0.7%, to $17.71 an ounce.

Oil staged a rebound to settle higher on Tuesday, 06 June 2017 as traders bet that U.S. government data will show a ninth consecutive weekly decline in crude supplies, and concerns surrounding Qatars diplomatic crisis eased.

On the New York Mercantile Exchange, July West Texas Intermediate crude added 79 cents, or 1.7%, to settle at $48.19 a barrel after tapping lows under $47. August Brent crude on Londons ICE Futures exchange rose 65 cents, or 1.3%, to $50.12 a barrel.

In a monthly report issued on Tuesday, the EIA raised its production outlook for this year and next. For 2018, it sees average output of 10.01 million barrels a day, up 0.4% from its previous forecast, and for 2017, it forecast 9.33 million barrels a day, up 0.3% from last months forecast. The government agency also cut its WTI and Brent oil-price forecasts for next year.

Among economic report expected for the day, the number of job openings in the U.S. rose in April to a record high, but the pace of hiring slipped to a one-year low in another sign the economy is running out of people with enough skills to fill empty positions.

Shares in Apple rose 0.3% after dropping 1% on Monday. That fall came after Apple unveiled its HomePod smart speaker and other new offerings.

Tomorrow, investors will receive the weekly MBA Mortgage Applications Index and April Consumer Credit (consensus $15.0 billion). The two reports will cross the wires at 7:00 ET and 15:00 ET, respectively.

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Unichem Labs gains after receiving inspection report from USFDA
Jun 07,2017

The announcement was made during trading hours today, 7 June 2017.

Meanwhile, the S&P BSE Sensex was up 146.95 points, or 0.47% to 31,337.51.

On the BSE, 13,000 shares were traded in the counter so far, compared with average daily volumes of 35,519 shares in the past one quarter. The stock had hit a high of Rs 264.10 and a low of Rs 247 so far during the day. The stock hit a 52-week high of Rs 319.90 on 20 October 2016. The stock hit a 52-week low of Rs 239.05 on 30 May 2017.

The stock had underperformed the market over the past one month till 6 June 2017, falling 7.30% compared with 4.23% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.34% as against Sensexs 7.92% rise. The scrip had also underperformed the market in past one year, falling 4.32% as against Sensexs 15.48% rise.

The small-cap company has equity capital of Rs 18.18 crore. Face value per share is Rs 2.

Unichem Laboratories said that its formulations manufacturing facility at Ghaziabad has received an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA). This receipt indicates the successful closure of the inspection and the queries raised during the audit (Form 483). The inspection has now been closed by the USFDA. The inspection was carried out between 24 Feb 2017 to 3 March 2017.

Net profit of Unichem Laboratories rose 13.62% to Rs 31.46 crore on 12.83% rise in net sales to Rs 339.78 crore in Q4 March 2017 over Q4 March 2016.

Unichem Laboratories is an international, integrated, specialty pharmaceutical company. It manufactures and markets a large basket of pharmaceutical formulations as branded generics as well as generics in India and several other markets across the world. In India, the company is a leader in niche therapy areas of cardiology, neurology, orthopedics and anti-infectives. The company has strong skills in product development, process chemistry and manufacturing of complex API as well as dosage forms.

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Unichem Laboratories receives EIR report for its formulations manufacturing facility at Ghaziabad
Jun 07,2017

Unichem Laboratories Limited is pleased to inform that the Companys formulations manufacturing facility at Ghaziabad has received an Establishment Inspection Report (EIR) from the USFDA. This receipt indicates the successful closure of the inspection and the queries raised during the audit (Form 483). The inspection has now been closed by the USFDA. The inspection was carried out between 24 Feb 2017 to 3 March 2017.

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Gromo Trade & Consultancy to hold board meeting
Jun 07,2017

Gromo Trade & Consultancy will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Esaar (India) to hold board meeting
Jun 07,2017

Esaar (India) will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Banas Finance to hold board meeting
Jun 07,2017

Banas Finance will hold a meeting of the Board of Directors of the Company on 12 June 2017.

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Burnpur Cement to hold board meeting
Jun 07,2017

Burnpur Cement will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Kusam Electrical Industries to hold board meeting
Jun 07,2017

Kusam Electrical Industries will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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Kedia Construction Company to hold board meeting
Jun 07,2017

Kedia Construction Company will hold a meeting of the Board of Directors of the Company on 10 June 2017.

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Sudal Industries to hold board meeting
Jun 07,2017

Sudal Industries will hold a meeting of the Board of Directors of the Company on 14 June 2017.

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