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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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Onesource Techmedia to hold AGM
Sep 08,2016

Onesource Techmedia announced that the 8th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Minda Finance to hold AGM
Sep 08,2016

Minda Finance announced that the 31st Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Mukat Pipes to hold AGM
Sep 08,2016

Mukat Pipes announced that the 29th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Mukesh Steels to hold AGM
Sep 08,2016

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

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Consecutive Investments & Trading Co. to hold AGM
Sep 08,2016

Consecutive Investments & Trading Co. announced that the 34th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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Anshus Clothing to hold AGM
Sep 08,2016

Anshus Clothing announced that the 21st Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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MIC Electronics to hold AGM
Sep 08,2016

MIC Electronics announced that the 28th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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York Exports to hold AGM
Sep 08,2016

York Exports announced that the 34th Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Faze Three to hold EGM
Sep 08,2016

Faze Three announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 September 2016.

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Olympia Capitals to hold AGM
Sep 08,2016

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

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Vallabh Steels to hold AGM
Sep 08,2016

Vallabh Steels announced that the 36th Annual General Meeting (AGM) of the company will be held on 29 September 2016.

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4G telecom service to rake in Rs 80,000 cr in less than four years: ASSOCHAM-KPMG
Sep 08,2016

Amidst unfolding intense competition in the mobile data market, an ASSOCHAM-KPMG Paper expects a slew of data based services by the leading telecom operators even as the high speed 4G connections would account for 17 per cent of the total user base by 2020 with revenue in the range of Rs 80,000 crore.

The entire business mix of the telecom industry is going to witness a sea change. The unveiling of 4G on a large scale by one of the largest corporate houses, is going to be a major development. 4G is expected to n++significantly transform the revenue mix of service providers with estimated Long Term Evolution (LTE) revenues expected to reach Rs 79,580 crore in the next few years.

The ASSOCHAM-KPMG Paper on Powering Digital India said the demand for high speed internet services would receive a further push from key governmental initiatives such as Digital India, Smart Cities. Besides mobile networks have been identified as key tools for financial inclusion where 4G can facilitate implementation of governments social sector schemes in a faster and secure way. n++As a result, data traffic in India is expected to grow rapidlyn++.

It said the telecom sector in India is at an inflexion point, where it is poised not only to ride a high growth trajectory but also to provide a strong impetus to the governments key development initiatives. However, the paper also sounded a word of caution. n++While demand growth is expected to remain steady on the back of affordable smart phones, digital inclusion programs and 4G rollouts, high capital requirements and an extremely competitive scenario continue to affect the profitability of key playersn++.

The paper said to power the next phase of growth and to ensure that the industry achieves its true potential, n++it would be important for different sections of the industry to collaborate and work towards the common objectivesn++.

As a keen observer of the unfolding competition and the hype around the new entrant and impact on the incumbent players, ASSOCHAM Secretary General Mr D S Rawat said, the potential in the data market has not been utilized even to the extent of one-third of its size. n++There would be room for most of the established and a new player. However, the consumers would have more choices at affordable pricingn++.

According to the Paper, India is the second largest mobile market with over a billion subscribers at the end of February 2016 and 608 million urban subscribers and 444 million rural subscribers. n++There is a huge potential to grow in the rural sector where tele-density is still quite low at around 50 as compared to urban tele-density of over 153n++.

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Bhel slips on profit booking
Sep 08,2016

Meanwhile, the S&P BSE Sensex was up 44.85 points or 0.16% at 28,971.21.

On BSE, so far 19.57 lakh shares were traded in the counter as against average daily volume of 9.23 lakh shares in the past one quarter. The stock hit a high of Rs 159 and a low of Rs 153.55 so far during the day. The stock had hit a 52-week low of Rs 90.40 on 29 February 2016. The stock had hit a 52-week high of Rs 219.70 on 27 October 2015. The stock had outperformed the market over the past one month till 7 September 2016, surging 16.01% compared with 3.02% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rallying 34% as against Sensexs 7.1% rise.

The large-cap company has equity capital of Rs 489.52 crore. Face value per share is Rs 2.

Shares of Bharat Heavy Electricals (Bhel) had rallied 15.5% to settle at Rs 159.80 yesterday, 7 September 2016, after the company announced strong Q1 June 2016 results during market hours. The companys net profit jumped 54.2% to Rs 77.77 crore on 29% growth in net sales to Rs 5522.76 crore in Q1 June 2016 over Q1 June 2015.

In a post-result conference call held yesterday, 7 September 2016, Bhel said that the companys sales growth in Q1 June 2016 is largely due to focus on expeditious execution of the orders on hand rather than any one off item.

Bhels order inflow in Q1 June 2016 stood at Rs 3223 crore with about Rs 2307 crore accounted by power sector and balance by industry and international. The companys order backlog stood at Rs 1.08 lakh crore as on 30 June 2016.

Of the Rs 50000 crore of order book branded as slow moving orders, three projects worth Rs 30000 crore are awaiting clearance and expect to commence work in next 3-4 months, Bhel said.

Bhel said that the financial closure for the Bangladesh Power project is expected to be achieved in October 2016 and post that the company will account the order of about Rs 10000 crore in its books of accounts.

State-run Bhel is an integrated power plant equipment manufacturer. It is one of the largest engineering and manufacturing companies in India engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for core sectors of the economy, viz. power, transmission, industry, railways, renewable energy, oil & gas, water and defence. The Government of India currently holds 63.06% stake in Bhel (as per the shareholding pattern as on 30 June 2016).

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Maruti Suzuki hits record high after brokerage maintains buy rating
Sep 08,2016

Meanwhile, the BSE Sensex was up 63.89 points, or 0.22%, to 28,990.25.

On BSE, so far 38,000 shares were traded in the counter, compared with average daily volume of 74,750 shares in the past one quarter. The stock hit a high of Rs 5,448.90 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,316.05 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 7 September 2016, 7.44% compared with 3% rise in the Sensex. The scrip had also outperformed the market in past one quarter, 28.04% as against Sensexs 8.08% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

The brokerage reportedly stated that potential for discounts on the companys vehicles will narrow sharply going ahead. The companys improved positive free cash flow outlook is positive for the stock, it reportedly said.

Maruti Suzuki Indias net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.

Maruti is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 June 2016).

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Export of Oilmeals down by 46% in April - August 2016
Sep 08,2016

The Solvent Extractors Association of India has compiled the export data for export of oilmeals for the month of August 2016. The export of oilmeals during August 2016 is reported at 56,597 tons compared to 91,834 tons i.e. down by 38%. The overall export of oilmeals during April to August 2016 is reported at 330,834 tons compared to 609,748 tons during the same period of last year i.e. down by 46% due to lesser availability of oilseeds for crushing and continuous disparity in exporting oilmeals in International Market.

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