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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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Prime Securities appoints compliance officer
Sep 07,2016

Prime Securities announced that the Company has appointed Ajay Shah, Company Secretary has been appointed as Compliance Officer.

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Shah Construction Company announces demise of director
Sep 07,2016

Shah Construction Company announced that Keshardeo Sawarmal Poddar, Director of the Company, ceased to be Director of the Company with effect from 06 July 2016, due to his sudden death from the accident that took place at Hotel Bela Casa, Jaipur.

The Board of Directors has noted the same at its meeting held on 01 September 2016.

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Technofab Engineering secures two new orders worth Rs 227 crore
Sep 07,2016

Technofab Engineering announced about the receipt of two new orders from Power Grid Corporation of India, amounting to Rs. 227 crore. Both orders are in the Electrical Sector and involve Sub Stations and laying of lines.

The orders have a timeline of 32 months for completion.

The Company is already undertaking 220 KV Sub Stations in Jharkhand and UP and with these new orders the Companys business in the Electrical Sub Stations sector is substantially enhanced

The Companys order backlog now stands at around Rs. 1400 crore.

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IG Petrochemicals provides update on subsidiaries
Sep 07,2016

IG Petrochemicals announced that a wholly owned subsidiary viz. IGPL International has been formed in the Jebel Ali Free Zone Authority and that IGPL (FZE) - an existing subsidiary has become a step down subsidiary of the Company.

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Shirpur Gold Refinery provides business update
Sep 07,2016

Shirpur Gold Refinery has been recently certified with ISO 14001: 2015 & OHSAS 18001: 2007 standards by TUV Rheinland, GmbH. These standards are internationally recognized for maintaining best practices relating to Environment and Occupational health and safety management system. Previously company was holding ISO 9001:2015, internationally known Quality standard.

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Tata Consultancy Services recognised as Leader in Banking Application Outsourcing
Sep 07,2016

Tata Consultancy Services announced that it has been recognised as a Leader for the sixth consecutive year in the Everest Group report, IT outsourcing in Global Banking - Service Provider Landscape with PEAK Matrix Assessment 2016 and Profile Compendium August 2016.

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VST Industries announces resignation of company secretary
Sep 07,2016

VST Industries announced about the resignation of M. Vaidyanathan, Assistant Company Secretary and Compliance Officer with effect from the close of business hours on 07 September 2016. The same has been accepted by the Board.

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Motherson Sumi Systems announces acquisition of Automotive Business Unit of Abraham, Hungary
Sep 07,2016

Motherson Sumi Systems announced that MSSL Manufacturing Hungary Kft., a subsidiary of MSSL GmbH (which is a subsidiary of Motherson Sumi Systems) is acquiring the Automotive Business Unit of Abraham es Tarsa Kft. (Abraham and Co.) located in Turkeve, Hungary on a going concern basis and would also give on lease part of acquired assets to SMR Hungary.

With this transaction, which is expected to be completed in October 2016, MSSL through its 100% subsidiary, MSSL Manufacturing Hungary Kft., would acquire the land, building and machinery of Abraham es Tarsa Kft for a purchase price consideration of EUR 10.4 Mn.

Abraham es Tarsa is an expert for plastic processing and high quality products for car makers across Europe. SMR Hungary a subsidiary of SMRP BV (98.5% holding), which is ultimately held by MSSL, has for many years been the primary customer of Abraham es Tarsa Kft.

The integration of this business would allow to generate a number of operational synergies with SMR. This acquisition will increase the in house capability of SMR Hungary, and therefore will support SMRs position as technology and market leader for automotive mirrors in Hungary and Europe.

The acquired unit will be further expanded to achieve group synergies through supplies to SMR and to the new facilities being set up by SMP in Europe to meet the demand for new orders from customers.

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Veritas (India) to hold AGM
Sep 07,2016

Veritas (India) announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Vardhman Polytex to hold AGM
Sep 07,2016

Vardhman Polytex announced that the 36th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Covidh Technologies to hold AGM
Sep 07,2016

Covidh Technologies announced that the 24th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Greycells Education to hold AGM
Sep 07,2016

Greycells Education announced that the 33rd Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Sysco Industries to hold AGM
Sep 07,2016

Sysco Industries announced that the 7th Annual General Meeting (AGM) of the company will be held on 26 September 2016.

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Bronze Infra-Tech to hold AGM
Sep 07,2016

Bronze Infra-Tech announced that the 12th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Looks Health Services to hold AGM
Sep 07,2016

Looks Health Services announced that the 5th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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