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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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Monsanto India standalone net profit rises 25.04% in the March 2017 quarter
May 06,2017

Net profit of Monsanto India rose 25.04% to Rs 30.11 crore in the quarter ended March 2017 as against Rs 24.08 crore during the previous quarter ended March 2016. Sales rose 61.21% to Rs 140.01 crore in the quarter ended March 2017 as against Rs 86.85 crore during the previous quarter ended March 2016.

For the full year,net profit rose 45.71% to Rs 147.53 crore in the year ended March 2017 as against Rs 101.25 crore during the previous year ended March 2016. Sales rose 18.31% to Rs 640.71 crore in the year ended March 2017 as against Rs 541.57 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales140.0186.85 61 640.71541.57 18 OPM %24.7518.22 -24.4519.92 - PBDT39.2022.00 78 169.01121.37 39 PBT36.6819.84 85 159.95112.05 43 NP30.1124.08 25 147.53101.25 46

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Universal Cables standalone net profit declines 54.77% in the March 2017 quarter
May 06,2017

Net profit of Universal Cables declined 54.77% to Rs 5.40 crore in the quarter ended March 2017 as against Rs 11.94 crore during the previous quarter ended March 2016. Sales rose 15.91% to Rs 250.82 crore in the quarter ended March 2017 as against Rs 216.40 crore during the previous quarter ended March 2016.

For the full year,net profit rose 45.22% to Rs 28.39 crore in the year ended March 2017 as against Rs 19.55 crore during the previous year ended March 2016. Sales rose 9.23% to Rs 818.21 crore in the year ended March 2017 as against Rs 749.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales250.82216.40 16 818.21749.09 9 OPM %7.7510.58 -9.099.96 - PBDT10.9614.26 -23 41.4035.01 18 PBT5.989.75 -39 22.5117.36 30 NP5.4011.94 -55 28.3919.55 45

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Eicher Motors standalone net profit rises 8.04% in the March 2017 quarter
May 06,2017

Net profit of Eicher Motors rose 8.04% to Rs 411.56 crore in the quarter ended March 2017 as against Rs 380.94 crore during the previous quarter ended March 2016. Sales rose 21.66% to Rs 1872.90 crore in the quarter ended March 2017 as against Rs 1539.47 crore during the previous quarter ended March 2016.

For the full year,net profit rose 19.16% to Rs 1560.02 crore in the year ended March 2017 as against Rs 1309.22 crore during the previous year ended March 2016. Sales rose 13.77% to Rs 7007.62 crore in the year ended March 2017 as against Rs 6159.63 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1872.901539.47 22 7007.626159.63 14 OPM %31.5629.75 -31.4827.73 - PBDT645.39567.30 14 2430.331989.56 22 PBT602.42529.87 14 2276.991853.01 23 NP411.56380.94 8 1560.021309.22 19

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Apollo Tyres standalone net profit declines 22.22% in the March 2017 quarter
May 06,2017

Net profit of Apollo Tyres declined 22.22% to Rs 176.29 crore in the quarter ended March 2017 as against Rs 226.64 crore during the previous quarter ended March 2016. Sales rose 9.09% to Rs 2327.45 crore in the quarter ended March 2017 as against Rs 2133.45 crore during the previous quarter ended March 2016.

For the full year,net profit declined 19.90% to Rs 802.76 crore in the year ended March 2017 as against Rs 1002.15 crore during the previous year ended March 2016. Sales rose 1.94% to Rs 8816.70 crore in the year ended March 2017 as against Rs 8648.51 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2327.452133.45 9 8816.708648.51 2 OPM %11.8918.65 -15.0518.11 - PBDT302.41396.66 -24 1373.831679.67 -18 PBT209.30328.50 -36 1085.631414.53 -23 NP176.29226.64 -22 802.761002.15 -20

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Shankara Building Products consolidated net profit rises 10.89% in the March 2017 quarter
May 06,2017

Net profit of Shankara Building Products rose 10.89% to Rs 19.04 crore in the quarter ended March 2017 as against Rs 17.17 crore during the previous quarter ended March 2016. Sales rose 5.18% to Rs 600.39 crore in the quarter ended March 2017 as against Rs 570.82 crore during the previous quarter ended March 2016.

For the full year,net profit rose 47.97% to Rs 60.27 crore in the year ended March 2017 as against Rs 40.73 crore during the previous year ended March 2016. Sales rose 13.47% to Rs 2310.14 crore in the year ended March 2017 as against Rs 2035.92 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales600.39570.82 5 2310.142035.92 13 OPM %7.617.26 -6.685.87 - PBDT33.0829.95 10 103.9274.27 40 PBT30.1727.30 11 92.5164.76 43 NP19.0417.17 11 60.2740.73 48

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Firstsource Solutions consolidated net profit declines 16.25% in the March 2017 quarter
May 06,2017

Net profit of Firstsource Solutions declined 16.25% to Rs 64.90 crore in the quarter ended March 2017 as against Rs 77.49 crore during the previous quarter ended March 2016. Sales rose 1.39% to Rs 864.37 crore in the quarter ended March 2017 as against Rs 852.52 crore during the previous quarter ended March 2016.

For the full year,net profit rose 7.02% to Rs 279.24 crore in the year ended March 2017 as against Rs 260.93 crore during the previous year ended March 2016. Sales rose 9.34% to Rs 3456.91 crore in the year ended March 2017 as against Rs 3161.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales864.37852.52 1 3456.913161.66 9 OPM %11.4513.03 -12.6712.34 - PBDT87.14100.39 -13 395.88347.09 14 PBT76.0987.02 -13 336.92286.21 18 NP64.9077.49 -16 279.24260.93 7

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Shankara Building Products standalone net profit rises 12.46% in the March 2017 quarter
May 06,2017

Net profit of Shankara Building Products rose 12.46% to Rs 7.31 crore in the quarter ended March 2017 as against Rs 6.50 crore during the previous quarter ended March 2016. Sales rose 3.57% to Rs 518.72 crore in the quarter ended March 2017 as against Rs 500.83 crore during the previous quarter ended March 2016.

For the full year,net profit rose 91.40% to Rs 20.69 crore in the year ended March 2017 as against Rs 10.81 crore during the previous year ended March 2016. Sales rose 11.37% to Rs 1976.04 crore in the year ended March 2017 as against Rs 1774.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales518.72500.83 4 1976.041774.25 11 OPM %3.623.57 -3.312.82 - PBDT12.2911.69 5 36.6521.82 68 PBT11.3611.30 1 32.6318.56 76 NP7.316.50 12 20.6910.81 91

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Firstsource Solutions standalone net profit rises 97.26% in the March 2017 quarter
May 06,2017

Net profit of Firstsource Solutions rose 97.26% to Rs 54.66 crore in the quarter ended March 2017 as against Rs 27.71 crore during the previous quarter ended March 2016. Sales rose 8.50% to Rs 209.44 crore in the quarter ended March 2017 as against Rs 193.03 crore during the previous quarter ended March 2016.

For the full year,net profit rose 24.63% to Rs 188.46 crore in the year ended March 2017 as against Rs 151.22 crore during the previous year ended March 2016. Sales rose 1.77% to Rs 840.87 crore in the year ended March 2017 as against Rs 826.21 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales209.44193.03 9 840.87826.21 2 OPM %30.8118.13 -27.3223.96 - PBDT68.6138.15 80 237.77207.41 15 PBT64.6933.38 94 218.74175.60 25 NP54.6627.71 97 188.46151.22 25

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Crazy Infotech reports standalone net loss of Rs 0.08 crore in the March 2017 quarter
May 06,2017

Net Loss of Crazy Infotech reported to Rs 0.08 crore in the quarter ended March 2017 as against net loss of Rs 0.07 crore during the previous quarter ended March 2016. Sales remain constant at Rs 0.03 crore in the quarter ended March 2017 and also during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.23 crore in the year ended March 2017 as against net loss of Rs 0.24 crore during the previous year ended March 2016. Sales rose 20.00% to Rs 0.12 crore in the year ended March 2017 as against Rs 0.10 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.030.03 0 0.120.10 20 OPM %-133.33-66.67 --75.00-60.00 - PBDT-0.04-0.02 -100 -0.09-0.06 -50 PBT-0.08-0.07 -14 -0.23-0.28 18 NP-0.08-0.07 -14 -0.23-0.24 4

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Sanofi India standalone net profit declines 27.36% in the March 2017 quarter
May 06,2017

Net profit of Sanofi India declined 27.36% to Rs 60.00 crore in the quarter ended March 2017 as against Rs 82.60 crore during the previous quarter ended March 2016. Sales declined 1.10% to Rs 512.70 crore in the quarter ended March 2017 as against Rs 518.40 crore during the previous quarter ended March 2016.

ParticularsQuarter Endedn++Mar. 2017Mar. 2016% Var. Sales512.70518.40 -1 OPM %19.8025.06 - PBDT117.00155.40 -25 PBT91.70128.40 -29 NP60.0082.60 -27

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MoUs Worth Rs 2 Lakh Crores Signed in the India Integrated Transport & Logistics Summit
May 06,2017

Thirty-four MoUs amounting to about Rs 2 lakh crores were signed in the three day India Integrated Transport and Logistics Summit. These MoUs were in the areas of port connectivity, Integrated Check Posts (ICP) in the states of Bihar, Uttarakhand, Uttar Pradesh, West Bengal, Manipur, access to land port in Tripura, Assam and Mizoram, development of Logistics Parks in Telengana, Andhra Pradesh, Karnataka, Madhya Pradesh, Assam, Gujarat, Mizoram, development and furthering of multi modal logistics parks in Mumbai and Bengaluru and Haryana, exploring investment opportunities in logistics sector, dredging of inland waterways, implementation of 79 port connectivity projects under Sagarmala, development of port roads to Chennai and Vishakhapatnam ports, and connectivity to airport in Navi Mumbai, among others. Some of these MoUs are between Government agencies while others are between Government to Business and Business to Business.

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Mahindra & Mahindra announces production, sales and export figures
May 06,2017

Mahindra and Mahindra reported production, sales and export figures for month of April 2017.

Production
April 2017 - 41467 units
April 2016 - 43410 units

Sales
April 2017 - 37829 units
April 2016 - 39357 units

Exports
April 2017 - 1528 units
April 2016 - 2506 units.

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Bank of India appoints MD and CEO
May 06,2017

Bank of India announced that the Bank has appointed Dinabandhu Mohapatra, as Managing Director & Chief Executive Officer (in place of Melwyn O Rego), w.e.f. the date of his taking over charge of the post and till 30 June 2019 i.e. the date of his superannuation or until further orders, whichever is earlier.

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The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets
May 06,2017

The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949 enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets by initiating insolvency resolution process, where required. The RBI has also been empowered to issue other directions for resolution, and appoint or approve for appointment, authorities or committees to advise banking companies for stressed asset resolution.

This action of the Union Government will have a direct impact on effective resolution of stressed assets, particularly in consortium or multiple banking arrangements, as the RBI will be empowered to intervene in specific cases of resolution of non-performing assets, to bring them to a definite conclusion.

The Government is committed to expeditious resolution of stressed assets in the banking system. The recent enactment of Insolvency and Bankruptcy Code (IBC), 2016 has opened up new possibilities for time bound resolution of stressed assets. The SARFAESI and Debt Recovery Acts have been amended to facilitate recoveries. A comprehensive approach is being adopted for effective implementation of various schemes for timely resolution of stressed assets.

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Astec Lifesciences to pay dividend
May 06,2017

Astec Lifesciences announced that dividend will be paid on 07 August 2017.

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