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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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Gala Print City to hold board meeting
Aug 25,2016

Gala Print City will hold a meeting of the Board of Directors of the Company on 31 August 2016.

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Umang Dairies to hold AGM
Aug 25,2016

Umang Dairies announced that the 23th Annual General Meeting(AGM) of the company on 21 September 2016.

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Engineers India extends gains after declaring strong Q1 results
Aug 25,2016

Meanwhile, the S&P BSE Sensex was up 65.58 points or 0.24% at 28,127.43

On BSE, so far 7.64 lakh shares were traded in the counter as against average daily volume of 1.23 lakhs shares in the past one quarter. The stock hit a high of Rs 266.50 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 252.10 so far during the day. The stock had hit a 52-week low of Rs 143.25 on 17 February 2016. The stock had outperformed the market over the past 30 days till 24 August 2016, rising 12.1% compared with Sensexs 0.3% rise. The scrip had also outperformed the market in past one quarter, gaining 37.72% as against Sensexs 6.42% rise.

The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.

Engineers Indias net profit rose 50.07% to Rs 80.30 crore on 11.74% drop in total income to Rs 396.40 crore in Q1 June 2016 over Q1 June 2015. The stock rose 8.33% to settle at Rs 251 yesterday, 24 August 2016. The result was announced after market hours on 23 August 2016.

State-run Engineers India provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The government of India holds 59.37% in Engineers India (as per shareholding pattern as on 30 June 2016).

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Cabinet approves MoU with Myanmar for cooperation in the field of Traditional Systems of Medicine
Aug 25,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the signing of a Memorandum of Understanding (MoU) between India and Myanmar in the field of Traditional Systems of Medicine.

The MoU will provide structured frame work for cooperation between the two countries for promotion of AYUSH/Traditional Systems of Medicine in Myanmar. It will boost the importance of AYUSH systems of medicine and conservation, production and standardisation.

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Tata Power Company announces consumers base figures for FY 2016
Aug 25,2016

Tata Power Company has crossed the 2 million consumer base milestone across the country. In FY 2016, Tata Powers total consumer base in Mumbai increased to 6.64 lakh and its customer base in Delhi increased to over 15.15 lakh consumers respectively.

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Kothari Products to hold board meeting
Aug 25,2016

Kothari Products will hold a meeting of the Board of Directors of the Company on 14 September 2016 to consider, approve and take on record the Un-audited Financial Results for the Quarter ended on 30 June, 2016.

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Sri KPR Industries to hold board meeting
Aug 25,2016

Sri KPR Industries will hold a meeting of the Board of Directors of the Company on 2 September 2016 AGM

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PNC Infratech to hold AGM
Aug 25,2016

PNC Infratech announced that the 17th Annual General Meeting(AGM) of the company on 30 September 2016.

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Kaveri Seed Company to hold AGM
Aug 25,2016

Kaveri Seed Company announced that the 29th Annual General Meeting(AGM) of the company on 27 September 2016.

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Majestic Research Serv. & Solutions to hold board meeting
Aug 25,2016

Majestic Research Serv. & Solutions will hold a meeting of the Board of Directors of the Company on 3 September 2016 AGM

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Prabhat Telecoms (India) to hold board meeting
Aug 25,2016

Prabhat Telecoms (India) will hold a meeting of the Board of Directors of the Company on 31 August 2016 to Consider and Approve the Financial Results on the Audited Standalone and Consolidated results for the Financial Year ending on March 31, 2016.

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SJVN to hold AGM
Aug 25,2016

SJVN announced that the 28th Annual General Meeting(AGM) of the company on 22 September 2016.

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Cabinet approves construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam
Aug 25,2016

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for construction of second line between New Bongaigaon and Kamakhya of Northeast Frontier Railway in Assam at an estimated cost of Rs.2,232.32 crore and expected completion cost of Rs.2,586.85 crore.

The 176 km long railway line is expected to be completed in five years during 12th and 13th Plan period.

Besides facilitating the travel, upcoming industries in the region will have additional transport capacity to meet their requirements.

Background:

The single main line section from New Bongaigaon to Kamakhya via Goalpara is an alternative route to New Bongaigaon-Kamakhya via Rangiya linking Guwahati. The line capacity utilization of the BG single line section has already over-saturated. Most of Gauge conversion projects in NE Region have been commissioned and work on Bogibeel Bridge is being expedited. With the commissioning of Bogibeel Bridge, traffic in the project section will increase manifold. Thus, doubling of New Bongaigaon-Kamakhya via Goalpara would augment its line capacity for smooth running of trains through the section.

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Strides Shasun receives final approval for Polyethylene Glycol 3350, Powder for Solution (OTC)
Aug 25,2016

Strides Shasun announced that it has received approval from United States Food & Adminstration for Polyethylene Glycol 3350, Powder for Solution 17 grams/ capful and 17 grams/ packet (OTC). The product will be launched in Q4 FY 2017.

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Punjab & Sind Bank intimates of bank strike
Aug 25,2016

Punjab & Sind Bank has been informed by Indian Banks Association (IBA) that All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI) and All India Bank Officers Confederation (AIBOC) have given a call for strike in the Banking Industry on 02 September 2016.

If the strike materialises, a certain section of the Banks employees may participate in the proposed strike on the said date, in which case, it is likely that the normal functioning of the branches / offices of the Bank may get affected.

The Bank is taking all necessary steps in terms of the existing guidelines for smooth functioning of Banks branches / offices to deal with the strike.

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