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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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Glaxosmithkline Pharma to hold board meeting
Apr 05,2017

Glaxosmithkline Pharma will hold a meeting of the Board of Directors of the Company on 19 May 2017 the approval and declaration of Audited Financial Results for the year and quarter ended 31st March, 2017.

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Celebrity Fashions to hold board meeting
Apr 05,2017

Celebrity Fashions will hold a meeting of the Board of Directors of the Company on 5 April 2017.

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Sasken Technologies to hold board meeting
Apr 05,2017

Sasken Technologies will hold a meeting of the Board of Directors of the Company on 5 April 2017.

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International Travel House to hold board meeting
Apr 05,2017

International Travel House will hold a meeting of the Board of Directors of the Company on 5 April 2017.

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Majestic Research Services & Solutions secures contract from UNIDO
Apr 05,2017

Majestic Research Services & Solutions has won a contract from United Nations Industrial Development Organisation to conduct a survey covering 200 auto ancillary firms across the country. In addition to automotive component manufacturers, the study will also approach nearly 25 automobile companies across different vehicle manufacturing categories to understand their views in terms of firm level of innovation.

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GOCL Corporation gallops on combining with Quaker Chemical
Apr 05,2017

The announcement was made during trading hours today, 5 April 2017.

Meanwhile, the S&P BSE Sensex was up 64.02 points, or 0.21%, to 29,974.24. The S&P BSE Small-Cap index was up 164.45 points, or 1.12% to 14,784.68.

On BSE, so far 14,000 shares were traded in the counter, compared with an average volume of 5,478 shares in the past one quarter. The stock hit a high of Rs 423.50 in intraday trade so far, which is a record high for the counter. The stock hit a low of Rs 380 so far during the day. The stock hit a 52-week low of Rs 135 on 1 April 2016.

The stock had outperformed the market over the past 30 days till 3 April 2017, rising 6.05% compared with Sensexs 3.74% rise. The scrip also outperformed the market in past one quarter, gaining 38.3% as against Sensexs 12.26% gain.

The small-cap company has an equity capital of Rs 9.91 crore. Face value per share is Rs 2.

GOCL Corporation said that the company was informed that Houghton International, a subsidiary of the Hinduja Groups Gulf Oil International has entered into a definitive agreement to combine with Quaker Chemical to create a global leader in the space of process fluids, chemical specialties, and technical expertise to the global primary metals and metal working industries. The Hinduja conglomerate will be the largest shareholder in the combined public company. GOCL Corporation, an Indian listed entity of the Hinduja Group which owns 10% equity in Houghton International, through its UK based subsidiary, HGHL Holdings, UK (HGHL) will be entitled to approximately 2% in the combined entity.

On a consolidated basis, GOCL Corporations net profit declined 15.97% to Rs 5.05 crore on 6.32% rise in net sales to Rs 133.48 crore in Q3 December 2016 over Q3 December 2015.

GOCL Corporation, formerly Gulf Oil Corporation, is engaged in the business of energetics, mining and infrastructure services and realty.

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Globus Spirits gets reaffirmation of rating for bank facilities
Apr 05,2017

Globus Spirits has received reaffirmation in ratings for the companys bank facilities from CARE as under -

Long term bank facilities (Rs 284.40 crore) - CARE A; Negative
Short term bank facilities (Rs 10 crore) - CARE A; Negative / A1

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Uttam Sugar Mills gets revision in ratings for bank facilities
Apr 05,2017

Uttam Sugar Mills announced that CARE Ratings has revised the ratings for the Companys bank facilities as under -

Long term bank facilities - CARE C (Revised from CARE B; Stable)
Short term bank facilities - CARE A4 (Reaffirmed)

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MTNL rings loud on plans to monetise assets
Apr 05,2017

Meanwhile, the S&P BSE Sensex was up 47.95 points, or 0.16% to 29,958.17. The S&P BSE Small-Cap index was up 167.46 points, or 1.15% to 14,787.69.

On the BSE, 27.98 lakh shares were traded in the counter so far, compared with average daily volumes of 8.59 lakh shares in the past one quarter. The stock hit a high of Rs 27.15 in intraday trade so far, which is 52-week high for the counter. The stock had hit low of Rs 24.55 so far during the day. The stock hit a 52-week low of Rs 15 on 22 November 2016.

The stock had outperformed the market over the past 30 days till 3 April 2017, rising 7.47% compared with Sensexs 3.74% rise. The scrip also outperformed the market in past one quarter, gaining 22.86% as against Sensexs 12.26% gain.

The small-cap company has equity capital of Rs 630 crore. Face value per share is Rs 10.

Media reports indicated that Mahanagar Telephone Nigam (MTNL) is looking to sell its surplus land, buildings to pare debt. In clarification to media reports, MTNL during market hours today, 5 April 2017 said that the companys management is considering prposal for asset monetisation i.e., lease / sale of real estate/ buildings, lease/ sale of towers, duct etc. The proceeds of asset monetisation can be utilised for debt reduction, MTNL said.

MTNL reported net loss of Rs 819.96 crore in Q3 December 2016 compared with net loss of Rs 671.59 crore in Q3 December 2015. Net sales fell 8.7% to Rs 686.76 crore in Q3 December 2016 over Q3 December 2015.

State-run MTNL provides telecommunication services. The Government of India currently holds 56.25% stake in MTNL (as per the shareholding pattern as on 31 December 2016).

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BHEL provides performance update for 12th Plan
Apr 05,2017

Bharat Heavy Electrical has achieved a capacity addition of 45,274 MW of utility sets during the 12th five year plan, surpassing the Governments capacity addition target by 9%. BHELs capacity addition during the 12th five year plan is 78% higher than that in the 11th plan.

The Company continues to remain the single largest contributor to the countrys installed capacity of utility sets, with a share of 46% in the 12th plan capacity addition.

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Tata Power Renewable Energy commissions 100 MW wind power project
Apr 05,2017

Tata Power Company announced that its subsidiary, Tata Power Renewable Energy, has commissioned 100 MW wind farm project in Nimbagallu, Andhra Pradesh. The Company has commissioned 36 MW wind capacity of the plant in December 2016, and announced the commissioning of the balance 64 MW on 05 April 2017. With this, the operating renewable portfolio of TPREL grows to 1959 MW, comprising 907 MW wind, 932 MW solar and 120 MW waste heat recovery capacity as of 05 April 2017.

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ICICI Bank allots 615,865 equity shares
Apr 05,2017

ICICI Bank has allotted 615,865 equity shares under ESOS on 03 April 2017.

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Sree Sakthi Paper Mills announces cessation of nominee director
Apr 05,2017

Sree Sakthi Paper Mills announced that KSIDC has withdrawn the nomination of K Aravindakshan as a Nominee Director from the Board of the Company w.e.f.18 March 2017

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Shiv Kamal Impex announces change in directorate
Apr 05,2017

Shiv Kamal Impex announced that Anu Jain (DIN: 03515530), Managing Director and Company Secretary of the Company has expressed her unwillingness to continue as Managing Director and Company Secretary w.e.f. 01 June 2017 due to her busy schedule and other personal commitments. She has, however, requested the Board members to continue her association with the Company as a Non- Executive Director.

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Titaanium Ten Enterprise provides performance update for FY 2017
Apr 05,2017

Titaanium Ten Enterprise announced that compared to the last financial years turnover; the companys turnover has increased by approximately 20% during the FY 2016-17. Recently the company has installed two new Single Jersey Machines. The company plans to increase the production during the FY 2017-18 and for that the company is planning to install new machines namely Double Jersey Machine, Raschel Jacquard Machine, Tricot Warp Knitting Machine and Warping Machine.

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