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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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NLC India to consider matters related to buyback of shares
Jan 27,2017

NLC India announced that a meeting of the Board of Directors of the Company is scheduled to be held on 31 January 2017, inter alia, to consider matters related to buy back of fully paid equity shares of the Company including matters related/incidental thereto and any other matter as the Board of the Directors may decide during the course of the meeting.

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Board of Genus Power Infrastructures to consider Q3 results and interim dividend
Jan 27,2017

Genus Power Infrastructures will hold a board meeting of the Company on 31 January 2017 to consider and take on record the Unaudited Financial Results for the quarter and nine-months ended 31 December 2016. The Board may consider declaration of Interim Dividend, if any, for the financial year ending 31 March 2017, in its board meeting scheduled on 31 January 2017.

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Wipro declines as Q3 numbers disappoint investors
Jan 27,2017

The result was as per International Financial Reporting Standards (IFRS). The result was announced after market hours on Wednesday, 25 January 2017.

Meanwhile, the S&P BSE Sensex was 151.78 points or 0.55% at 27,859.92.

On the BSE, 45,000 shares were traded on the counter so far as against the average daily volumes of 1.50 lakh shares in the past two weeks. The stock had hit a high of Rs 473.25 and a low of Rs 467.90 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016.

Wipros IT Services segment revenue in constant currency grew 0.6% in Q3 December 2016 over Q2 September 2016. IT Services segment margins expanded by 50 basis points to 18.3% in Q3 December 2016 over Q2 September 2016.

Wipro expects the revenue from IT Services business to be in the range of $1.92 billion to $1.94 billion in Q4 March 2017.

Wipro after market hours on Wednesday, 25 January 2017 announced that it has signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 million ($8.7 million). InfoSERVER, an IT services provider, which is focused on the Brazilian market, provides custom application development and software deployment services.

Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the countrys highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector.

This acquisition closely aligns with Wipros vision to localise, expand its presence and become a significant partner of choice in the LATAM market and an end-to-end IT services provider that brings global expertise while operating as a local company. Wipro has a significant presence in Latin America with offices across 5 countries in the region - Argentina, Brazil, Chile, Colombia and Mexico.

The acquisition is subject to customary closing conditions and approvals by regulatory bodies in Brazil.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Board of Aegis Logistics to consider Q3 results and 2nd interim dividend
Jan 27,2017

Aegis Logistics announced that the a meeting of the Board of Directors of the Company will be held on 02 January 2017, inter alia, to consider and approve the following:

1. To consider and approve Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31 December 2016;

2. To consider and declare 2nd Interim Dividend, if any, during the financial year 2016-17.

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Allahabad Bank raises Rs 1000 crore in Tier 2 Capital
Jan 27,2017

Allahabad Bank has on 25 January 2017 successfully raised Basel III compliant Tier 2 Bonds aggregating to Rs. 1000.00 crore through private placement at an annual coupon of 8.15% p. a. The said Tier 2 Bonds are eligible for inclusion in Tier 2 Capital of Bank.

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Dwitiya Trading fixes record date for sub-division of equity shares
Jan 27,2017

Dwitiya Trading has fixed 20 February 2017 as the Record Date for the purpose of Sub-division of Equity Shares in the Ratio of 5:1.

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Aegis Logistics fixes record date for 2nd interim dividend
Jan 27,2017

Aegis Logistics has fixed 10 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend.

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Wipro drops after weak Q3 results
Jan 27,2017

The result was as per International Financial Reporting Standards (IFRS). The result was announced after market hours on Wednesday, 25 January 2017.

Meanwhile, the S&P BSE Sensex was up 172.18 points or 0.62% at 27,880.32.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 1.50 lakh shares in the past two weeks. The stock had hit a high of Rs 472.25 and a low of Rs 467.90 so far during the day.

The stock had hit a 52-week high of Rs 606.75 on 20 April 2016 and a 52-week low of Rs 410 on 9 November 2016.

Wipro expects the revenue from IT Services business to be in the range of $ 1922 million to $1941 million in Q4 March 2017.

Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.

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Board of GAIL (India) recommends bonus issue
Jan 27,2017

GAIL (India) announced that the Board of Directors of the Company in its meeting held on 25 January 2017, inter alia, has approved the following:

1. Bonus Issue :

The Board has recommended the issuance of One bonus share of Rs. 10/- for existing Three equity shares of Rs. 10/- each fully paid up, subject to the shareholders approval.

2. Interim Dividend :

The Board has approved payment of interim dividend for the FY 2016-17 @ 85% (Rs. 8.5 per equity share) on the paid-up equity share capital of the Company.

3. Fund raising by issuance of Bonds :

The Board has approved issuance of secured /unsecured, redeemable, non-convertible, taxable Bond(s) upto Rs.750 crore with green shoe option upto 100% of issue size aggregating upto Rs. 1,500 crore on a private placement basis, in one or more tranches.

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HDFC Bank allots 2908800 equity shares
Jan 27,2017

HDFC Bank has allotted on 27 January 2017, 2908800 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).

The paid up share capital of the Bank will accordingly increase from Rs. 5110748234 equity shares of Rs. 2/- each to Rs. 5116565834 equity shares of Rs. 2/- each.

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Stampede Capital reschedules board meeting
Jan 27,2017

Stampede Capital announced that the Board meeting scheduled to be held on 14 February 2017 stands cancelled due to non availability of the Directors. The new date of the Board Meeting will be intimated soon.

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Board of Wheels India to consider Q3 results and interim dividend
Jan 27,2017

Wheels India announced that a Meeting of the Board of Directors of the Company will be held on 09 February 2017, inter alia:

1. to consider the Un-audited financial results for the quarter/nine months ended 31 December 2016.

2. to consider and approve Interim Dividend for the financial year ending 31 March 2017 and fix record date for the purpose.

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Cerebra Integrated Technologies to inaugurate its new facility in Bangalore
Jan 27,2017

Cerebra Integrated Technologies announced that the Company, Bangalore, will inaugurate its new Facility to undertake E-Waste Recycling processes at Narsapura Industrial Area, Near Bangalore on 07 February 2017.

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Board of Patidar Buildcon to consider Q3 and 9M results
Jan 27,2017

Patidar Buildcon announced that a Meeting of Board of Directors of the Company is scheduled to be held on 14 February 2017, to consider and approve unaudited (provisional) financial results for the quarter and nine month ended on 31 December 2016.

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Board of AVT Natural Products to consider Q3 results and interim dividend
Jan 27,2017

AVT Natural Products announced that the Meeting of the Board of Directors of the Company will be held on 07 February 2017, to consider inter alia and take on record the following :

1. Unaudited Financial Results of the Company for the Third Quarter ended 31 December 2016.

2. To consider the declaration of interim dividend, if any, for the financial year 2016-17.

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