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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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Majestic Research Services & Solutions FPO on SME platform gets oversubscribed
Dec 06,2016

Majestic Research Services & Solutions follow on public offer has been over-subscribed by 1.54 times. The FPO, which opened on 28 November 2016 for an issue size of 943,200 shares at a price band of Rs 106-114 through a book-built issue to raise Rs 10 crore closed on 05 December 2016.

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Dhanlaxmi Bank gets revision in ratings for Lower Tier II Bonds
Dec 06,2016

Dhanlaxmi Bank announced the Brickwork Ratings has revised the ratings of the banks Lower Tier II Bond issue to BWR BB- from BWR BB.

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Tata Power may gain after winning order from Indian Army
Dec 06,2016

Tata Power Company announced that its strategic engineering division, Tata Power SED won a prestigious order from Ministry of Defence for supply of Command post and launcher of Pinaka multi rocket launcher system of one regiment to Indian Army. The announcement was made after market hours yesterday, 5 December 2016.

Lupin announced that Lupin Somerset also known as Novel Laboratories, Inc received final approval for its Hydrocodone Bitartrate and Acetaminophen Tablets, USP, 5mg/325mg, 7.5 mg/325 mg and 10 mg/325 mg from the United States Food and Drug Administration (FDA) to market a generic equivalent of Allergan Sales LLCs Norco Tablets 5 mg/325 mg, 7.5 mg/325 mg and 10 mg/325 mg. The company shall launch the product shortly. It is indicated for the relief of moderate to moderately severe pain. It has US sales of $849.50 million as per IMS MAT September 2016. The announcement was made after market hours yesterday, 5 December 2016.

Canara Bank announced that the sub-committee of the board of the bank, vide orders dated 2 December 2016, permitted the bank to float an RFP for empanelling the investment/merchant bankers for diluting the banks stake of 70% in Canbank Factors Ltd, an unlisted company and of 13.45% in Can Fin Homes Ltd, a listed company. Accordingly, the bank is taking steps to float an RFP for empanelling the investment/merchant bankers for the subject purpose. The announcement was made after market hours yesterday, 5 December 2016.

Oracle Financial Services Software announced that due to significant devaluation of Egyptian Pound post the recent liberalization of the exchange rates by the Egypt Government, the company is estimating a charge of Rs 60 crore on its receivables from customers in Egypt during the current quarter. The announcement was made after market hours yesterday, 5 December 2016.

Ballarpur Industries reported consolidated net loss of Rs 452.03 crore in Q2 September 2016 compared with net loss of Rs 18.06 crore in Q2 September 2015. Net total income from operations fell 56.56% to Rs 461.76 crore in Q2 September 2016 over Q2 September 2015. The result was announced before market hours today, 6 December 2016.

Bank of India intimated of marginal cost of funds based lending rate (MCLR) applicable from 7 December 2016. The announcement was made after market hours yesterday, 5 December 2016. Overnight MCLR was fixed at 9%, one month MCLR was fixed at 9.05%, three month MCLR was fixed at 9.1%, six months MCLR was fixed at 9.15% and one year MCLR was fixed at 9.25%.

JM Financial announced that JM Financial Products Limited, a subsidiary of the company, on 2 December 2016, acquired further 15.05 lakh equity shares of India Home Loan Limited (IHL) through preferential allotment route. After the acquisition, JM Financial Products Limited holds an aggregate of 34.99 lakh equity shares of IHL representing 24.5% of the total post issue paid up equity share capital of IHL. The announcement was made after market hours yesterday, 5 December 2016.

OM Metals Infraprojects announced that the company has been awarded a works contract for hydro mechanical works package for modernization and renovation of 180 megawatts Baira Siul hydro electric power station in Himachal Pradesh by NHPC.The contract value is Rs 19.91 crore and this contract has to be executed in 28 months time period. The announcement was made after market hours yesterday, 5 December 2016.

Goa Carbon announced that the operations at the companys Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down from Saturday, 3 December 2016. There would not be any financial impact due to the temporary shutdown of the Companys Bilaspur Unit as there is sufficient inventory to service the orders in hand. The announcement was made after market hours yesterday, 5 December 2016.

Future Enterprises announced that the Committee of Directors of the company has at a meeting held on 5 December 2016, considered, approved & allotted of 60, 9.75% secured, redeemable non-convertible debentures (NCDs) of Rs 10 lakh each (NCD Series XV - E) and 290, 9.80% secured redeemable non-convertible debentures (NCDs) of Rs 10 lakh each, (NCD Series XV - F) aggregating to Rs 35 crore, on private placement basis. The announcement was made after market hours yesterday, 5 December 2016.

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Source Natural Foods & Herbal Supplements appoints CFO
Dec 05,2016

Source Natural Foods & Herbal Supplements announced that on the recommendation of the Nomination and Remuneration Committee of the Company Ravi Shankar G V is appointed as Chief Financial Officer (CFO) of the Company with effect from 05 December 2016.

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Apex Buildsys to announce September quarter results
Dec 05,2016

Apex Buildsys announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 December 2016, to consider, approve the Un-Audited Quarterly Financial Results for the quarter ended on 30 September 2016 among other things.

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Asian Star Company schedules board meet for September quarter results
Dec 05,2016

Asian Star Company announced that the Meeting of the Board of Directors of the Company will be held on 13 December 2016 to consider the following business matters;

- Un-Audited financial Results for the quarter ended 30 September 2016.

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Board of Ricoh India to consider June and September quarter results
Dec 05,2016

Ricoh India announced that a meeting of the Board of Directors of the Company will be held on 12 December 2016 to inter-alia consider and approve the following:-

(a) Unaudited financial results for the quarters ended 30 June 2016 and 30 September 2016 subject to Limited Review by the Statutory Auditors of the Company.

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CMI appoints CFO
Dec 05,2016

CMI announced that on recommendation of Audit Committee of the Company, Board of Directors at their Meeting held on 05 December 2016 has approved the appointment of Rattan Lal Aggarwal as Chief Financial Officer of the Company in place of Ghan Shyam Dass with immediate effect.

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Board of Alliance Integrated Metaliks to consider September quarter results
Dec 05,2016

Alliance Integrated Metaliks announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016, inter-alia, to consider and approve the Un-audited Financial Results for the quarter and half year ended 30 September 2016.

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Sandesh to consider Q2 and HY results
Dec 05,2016

Sandesh announced that a meeting of the Board of Directors of the Company has been fixed on 13 December 2016, inter alia, to consider, approve and take on record the Unaudited Financial Results of the Company for the Second Quarter and Half Year ended on 30 September 2016.

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Board of Millitoons Entertainment to consider allotment of shares
Dec 05,2016

Millitoons Entertainment announced that a meeting of the Board of Directors of the Company is scheduled to be held on 08 December 2016, inter alia, to transact the following businesses:

- Allotment of equity share warrants/ equity shares to Viniato Advisors.

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Sterling International Enterprises to hold board meeting for financial results
Dec 05,2016

Sterling International Enterprises that the meeting of the Board of Directors of the Company is scheduled to be held on 13 December 2016 to, inter-alia, consider and approve the standalone and consolidated Unaudited Financial Result for the period ended on 30 September 2016.

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Sterling Biotech to announce financial results
Dec 05,2016

Sterling Biotech announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016 to, inter-alia, consider and approve the unaudited Financial Result for the period ended on 30 September 2016.

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Titagarh Wagons to announce September quarter and half year results
Dec 05,2016

Titagarh Wagons announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016, to consider interalia the unaudited financial results for quarter and half year ended 30 September 2016.

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Board of Cimmco to consider September quarter and half year results
Dec 05,2016

Cimmco announced that a meeting of the Board of Directors of the Company is scheduled to be held on 14 December 2016 to consider inter alia the unaudited financial results for quarter and half year ended 30 September 2016.

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