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

Vidli Restaurants shifts registered office
Sep 30,2016

Vidli Restaurants announced that the Registered Office of the Company will be shifted from Office No.26, Building-1, Ajay Mittal Industrial Premises Limited, Marol, Andheri (East), Mumbai 400059 to Office No. 704, 7th Floor, Jai Antariksh, Makwana Road, Marol, Andheri (East), Mumbai 400059 with effect from 01 October 2016.

Powered by Capital Market - Live News

Jubilant Life Sciences jumps after subsidiary raises funds
Sep 30,2016

The announcement was made after market hours yesterday, 29 September 2016.

Meanwhile, the BSE Sensex was up 50.52 points, or 0.18%, to 27,878.05.

On BSE, so far 1.35 lakh shares were traded in the counter, compared with average daily volume of 2.51 lakh shares in the past one quarter. The stock hit a high of Rs 619.70 and a low of Rs 589.10 so far during the day. The stock hit a record high of Rs 655 on 27 September 2016. The stock hit a 52-week low of Rs 272.50 on 20 January 2016. The stock had outperformed the market over the past 30 days till 29 September 2016, rising 9.81% compared with 2.20% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 85.46% as against Sensexs 2.51% rise.

The mid-cap company has equity capital of Rs 15.93 crore. Face value per share is Re 1.

Jubilant Life Sciences said that its wholly-owned subsidiary, Jubilant Pharma (JPL), has successfully completed the pricing of its rated unsecured high yield bonds (the notes) at a yield of 4.875% per annum, issued at par for $300 million and maturing in September 2021. The issuer (JPL) has been rated BB- by Standard & Poors Ratings Services (S&P) and Fitch Inc. (Fitch) and the issue (the notes) has been rated BB- by S&P and BB by Fitch.

The net proceeds of the notes shall be used to prepay the existing debts of JPL and its subsidiaries; for upstreaming upto $50 million to Jubilant Life Sciences for prepayment of its existing debts; and for general corporate purposes, the company said in a statement.

Jubilant Life Sciences consolidated net profit rose 22.49% to Rs 161.60 crore on 1.72% decline in net sales to Rs 1400.97 crore in Q1 June 2016 over Q1 June 2015.

Jubilant Life Sciences is an integrated global pharmaceutical and life sciences company engaged in manufacture and supply of active pharmaceutical ingredients (APIs), solid dosage formulations, radiopharmaceuticals, allergy therapy products and life science ingredients. It also provides services in contract manufacturing of sterile injectables and drug discovery solutions. The companys strength lies in its unique offerings of pharmaceuticals and life sciences products and services across the value chain.

Powered by Capital Market - Live News

Liquor stocks in demand
Sep 30,2016

Empee Distilleries (up 14.58%), Tilaknagar Industries (up 7.83%), G M Breweries (up 7.01%), Radico Khaitan (up 6.61%), United Spirits (up 6.17%), Pioneer Distilleries (up 5.95%), Associated Alcohols & Breweries (up 4.42%) and United Breweries (up 3.25%), edged higher. Khoday India was down 4.41%.

The S&P BSE Sensex was up 72.94 points, or 0.26% at 27,900.47.

According to reports, Bharatiya Janata Party (BJP) leader Ashwani Upadhaya had sought a complete ban on liquor across the nation. The Public Interest Litigation (PIL) filed by Upadhyay said the use of alcohol should be restricted to medical purposes and sale of liquor and intoxicating drinks and drugs must be prohibited completely or allowed with strict conditions. In his petition, Upadhyay also said that liquor is the root cause of most road accidents, road rages, crime against women, domestic violence, rape and murder and many other social evils, reports added.

However, a division bench of the Supreme Court, headed by Justice Arjan Kumar Sikri and also comprising Justice N. V. Ramanna, after finding no merit in his plea, dismissed it.

Meanwhile, the Patna High Court today, 30 September 2016, reportedly struck down Bihar governments controversial Prohibition of Liquor Act, terming it illegal. In April 2016, the Nitish Kumar government had imposed total prohibition on liquor in the state.

The Bihar Hotels and Bars Association had filed a petition before the High Court asking it to scrap the ban. Soon after the Bihar Excise (Amendment) Act, 2016 was passed in March, total prohibition was imposed in Bihar because of which consumption and selling of liquor in the state had become illegal, media reports suggested.

Powered by Capital Market - Live News

NTPC Faces Regulatory Hurdles on Fuel Cost
Sep 30,2016

The Central Electricity Regulatory Commission (CERCs) tariff orders for a few of NTPC Limiteds (IND AAA/Stable) plants for the control period FY15-FY19, could lead to significant under-recoveries on fuel cost on account of a lower energy charge rate (ECR, INR/kWh), says India Ratings and Research (Ind-Ra). The ECR approved by CERC is lower in the range of 20%-31% than was sought by NTPC. The difference in the ECR is due to the change in the basis for measurement of the gross calorific value (GCV) of coal to as-receivedn++ as against n++as firedn++.

CERC is likely to follow the same principle for the rest of NTPCs plants leading to large differences in the fuel cost recovery. However, Ind-Ra expects NTPC to contest the same through regulatory process and initiate steps to install the infrastructure for measurement of coal GCV on n++as receivedn++ basis. There is also a possibility of a dialogue between NTPC and Coal India (CIL) to resolve differences over coal grade slippages.

As per CERCs tariff regulations 2014-2019, coal GCV has to be measured at the point of unloading of the coal at the power station gate, referred to n++as-receivedn++ basis compared to the earlier regulations, which allowed measurement of coal GCV at the point before coal is fired, referred to n++as-firedn++ basis. In its petition to CERC, NTPC had been highlighting the lack of infrastructure at its plants as the reason for its inability to measure coal GCV on n++as-receivedn++ basis. Therefore, CERC, in the absence of data on n++as-receivedn++ basis, has now considered the GCV on n++as-billedn++ basis while arriving at the ECR leading to the consideration of a higher GCV rate.

CERC had decided to shift to the n++as-receivedn++ basis of GCV measurement so that: a) the generating company bears the inefficiencies if any, post unloading of the coal and b) the generating company takes up the coal grade slippage with the coal supplier company and resolve it. On the other hand, NTPC had been highlighting problems with respect to the measurement of GCV on n++as-receivedn++ basis and was seeking n++as-firedn++ basis on four grounds. Firstly coal samples taken after the crushing of coal for firing are of small and homogenous size compared to samples taken from wagons which are big and heterogeneous. Secondly, sample collection time from wagons is longer leading to demurrage charges. Thirdly, safety for personnel collecting is better when samples are taken after crushing. Lastly samples taken from the wagons may not be accurately representative, since often good quality coal could be loaded at the top and superficial layers become dry during the transportation, while the moisture percolates inside the wagons to the lower layers.

The difference between the GCV on n++as-receivedn++ and n++as-firedn++ basis is governed by the ambient temperature, type of coal and duration for which coal is stored. As per the Central Electricity Authority of India, the heat loss during such time should not be more than 0.1% in GCV value, which is in line with international studies. However, in this case the difference between the GCV of the coal works out to 20%-31%.

Ind-Ra notes, that NTPC has been contesting the GCV calculation and had been highlighting the grade slippages in the quality of coal. The grade slippage discussion between CIL and NTPC has become more visible post the January 2012 change in coal grading methodology to GCV based grading from the earlier used heat value based system of grading.

Ind-Ra notes, NTPC over the last two years has seen tightening of operational norms- namely the station heat rate, specific consumption and auxiliary consumption, change in basis for providing the capacity charge incentives to plant load factor instead of plant availability factor and lower tax arbitrage. All these have had a negative impact on NTPCs profitability.

Powered by Capital Market - Live News

Volumes jump at CRISIL counter
Sep 30,2016

CRISIL clocked volume of 30,000 shares by 13:47 IST on BSE, a 32.11-times surge over two-week average daily volume of 1,000 shares. The stock shed 0.09% to Rs 2,173.45.

Tata Chemicals notched up volume of 12.16 lakh shares, a 19.38-fold surge over two-week average daily volume of 63,000 shares. The stock rose 2.64% to Rs 522.8

Havells India saw volume of 9.02 lakh shares, a 11.63-fold surge over two-week average daily volume of 78,000 shares. The stock rose 2.3% to Rs 418.

Grasim Industries clocked volume of 63,000 shares, a 8.52-fold surge over two-week average daily volume of 7,000 shares. The stock rose 2.44% to Rs 4,810.50

Berger Paints India saw volume of 2.61 lakh shares, a 7.41-fold rise over two-week average daily volume of 35,000 shares. The stock rose 1.54% to Rs 260.95.

Powered by Capital Market - Live News

Balaji Industrial Corporation to hold AGM
Sep 30,2016

Balaji Industrial Corporation announced that the 32th Annual General Meeting(AGM) of the company on 27 September 2016.

Powered by Capital Market - Live News

Vibrant Global Capital to hold AGM
Sep 30,2016

Vibrant Global Capital announced that the 21th Annual General Meeting(AGM) of the company on 29 September 2016.

Powered by Capital Market - Live News

Nestle India to hold board meeting
Sep 30,2016

Nestle India will hold a meeting of the Board of Directors of the Company on 28 October 2016.

Powered by Capital Market - Live News

Board of Prakash Constrowell recommends dividend
Sep 30,2016

Prakash Constrowell announced that the Board of Directors of the Company at its meeting held on 29 September 2016, inter alia, have recommended the dividend of Rs 0.05 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Electrosteel Steels to hold board meeting
Sep 30,2016

Electrosteel Steels will hold a meeting of the Board of Directors of the Company on 29 September 2016.

Powered by Capital Market - Live News

Cyient to hold board meeting
Sep 30,2016

Cyient will hold a meeting of the Board of Directors of the Company on 13 October 2016 to take on record the un-audited financial results for the quarter and half year ended September 30, 2016 (Q2) and also to consider the declaration of interim dividend for the financial year 2016-17.

Powered by Capital Market - Live News

ST Services to hold AGM
Sep 30,2016

ST Services announced that the th Annual General Meeting(AGM) of the company on 29 September 2016.

Powered by Capital Market - Live News

Facor Steels to hold AGM
Sep 30,2016

Facor Steels announced that the 13th Annual General Meeting(AGM) of the company on 23 September 2016.

Powered by Capital Market - Live News

Tirupati Foam to hold AGM
Sep 30,2016

Tirupati Foam announced that the 29th Annual General Meeting(AGM) of the company on 30 September 2016.

Powered by Capital Market - Live News

Vinaditya Trading Company to hold AGM
Sep 30,2016

Vinaditya Trading Company announced that the 35th Annual General Meeting(AGM) of the company on 28 September 2016.

Powered by Capital Market - Live News