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Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Jindal Drilling & Industries standalone net profit declines 3.66% in the June 2016 quarter

Sep 14,2016

Net profit of Jindal Drilling & Industries declined 3.66% to Rs 9.48 crore in the quarter ended June 2016 as against Rs 9.84 crore during the previous quarter ended June 2015. Sales rose 11.24% to Rs 92.66 crore in the quarter ended June 2016 as against Rs 83.30 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales92.6683.3011
OPM %9.8912.74-
PBDT14.5518.68-22
PBT12.0915.01-19
NP9.489.84-4

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KEI Industries schedules board meeting
Aug 18,2017

KEI Industries will hold a meeting of the Board of Directors of the Company on 29 August 2017.

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Agro Dutch Industries to convene board meeting
Aug 18,2017

Agro Dutch Industries will hold a meeting of the Board of Directors of the Company on 22 August 2017.

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Womens Next Loungeries to hold board meeting
Aug 18,2017

Womens Next Loungeries will hold a meeting of the Board of Directors of the Company on 23 August 2017.

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Mackinnon Mackenzie & Company to discuss results
Aug 18,2017

Mackinnon Mackenzie & Company will hold a meeting of the Board of Directors of the Company on 23 August 2017.

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Munoth Capital Markets to hold board meeting
Aug 18,2017

Munoth Capital Markets will hold a meeting of the Board of Directors of the Company on 25 August 2017.

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Shricon Industries to conduct board meeting
Aug 18,2017

Shricon Industries will hold a meeting of the Board of Directors of the Company on 31 August 2017.

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Ravalgaon Sugar Farm announces board meeting date
Aug 18,2017

Ravalgaon Sugar Farm will hold a meeting of the Board of Directors of the Company on 31 August 2017.

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Finance Minister writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing
Aug 18,2017

The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley has written to State Chief Ministers urging the States to reduce burden of Value Added Tax (VAT) on Petroleum Products used as inputs in making of goods after the introduction of Goods and Services Tax (GST).

The letter highlights a concern being raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products happening on account of transition to Goods and Services Tax regime. In the pre-GST regime, because the petroleum products as well as the final goods produced both attracted VAT, input tax credit of petroleum products being used as inputs by manufacturers was allowed to varying extent by different States. However, in the post-GST scenario, the manufactured goods attract GST while the inputs of petroleum products used in the manufacturing attract VAT and, therefore, it would lead to cascading of taxes. In view of this, in the pre GST regime certain States had lower rate of 5% VAT on Compressed Natural Gas used for manufacturing of goods. Some States also had lower rate of VAT on diesel being used for manufacturing sector.

Thus Sh Arun Jaitley has requested other States also to explore the possibility of having a lower rate of VAT on petroleum products used for manufacturing of those items on which there is GST, so that there is minimum disruption in the costing of goods.

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Rajkamal Synthetics schedules board meeting
Aug 18,2017

Rajkamal Synthetics will hold a meeting of the Board of Directors of the Company on 14 September 2017.

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Asis Logistics to discuss results
Aug 18,2017

Asis Logistics will hold a meeting of the Board of Directors of the Company on 22 August 2017.

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Nagarjuna Agri Tech to announce Quarterly Result
Aug 18,2017

Nagarjuna Agri Tech will hold a meeting of the Board of Directors of the Company on 29 August 2017.

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Sakuma Exports announces board meeting date
Aug 18,2017

Sakuma Exports will hold a meeting of the Board of Directors of the Company on 24 August 2017.

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Kisan Mouldings to conduct board meeting
Aug 18,2017

Kisan Mouldings will hold a meeting of the Board of Directors of the Company on 22 August 2017.

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Remsons Industries schedules board meeting
Aug 18,2017

Remsons Industries will hold a meeting of the Board of Directors of the Company on 26 August 2017.

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Shikhar Leasing & Trading to discuss results
Aug 18,2017

Shikhar Leasing & Trading will hold a meeting of the Board of Directors of the Company on 29 August 2017.

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