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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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Decentralized Distributed Generation for Electrification of Remote/Backward Areas
Aug 03,2017

The Minister of State (IC) For Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, informed about the steps taken by the Government for electrification of villages situated in backward and remote areas of the country through new and renewable energy sources. 

The Minister stated that under the Decentralized Distributed Generation (DDG) of DeenDayalUpadhyaya Gram Jyoti Yojana (DDUGJY), electricity access is provided to all the villages/habitations where grid connectivity is either not feasible or not cost effective including those situated in backward and remote areas of the country. This includes mini grids and standalone systems. 

Shri Goyal informed that as on 30.6.2017, 4,220 projects have been sanctioned with the project cost of Rs.1354.60 crore, in various States across the country under the DDG scheme. All the remaining un-electrified villages are targeted to be electrified by May, 2018. 

Further, the Minister stated that a subsidy of Rs.246.84 crore was disbursed under DDG during the last three years. The State-wise details of capital subsidy released under DDG during the last three years 2014-15, 2015-16 and 2016-17 are as follows:

Sr. No.

Name of the State

Subsidy amount                                                    (Rs. in crore)

1

Andhra Pradesh

14.4025

2

Assam

81.6966

3

Chhattisgarh

96.1373

4

Karnataka

5.2974

5

Kerala

1.2439

6

Madhya Pradesh

10.5729

7

Rajasthan

24.6835

8

Uttarakhand

1.4834

9

Uttar Pradesh

11.3187

 

Grand Total

246.8363

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Decentralized Distributed Generation for Electrification of Remote/Backward Areas-
Aug 03,2017

The Minister of State (IC) For Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, informed about the steps taken by the Government for electrification of villages situated in backward and remote areas of the country through new and renewable energy sources. 

The Minister stated that under the Decentralized Distributed Generation (DDG) of DeenDayalUpadhyaya Gram Jyoti Yojana (DDUGJY), electricity access is provided to all the villages/habitations where grid connectivity is either not feasible or not cost effective including those situated in backward and remote areas of the country. This includes mini grids and standalone systems. 

Shri Goyal informed that as on 30.6.2017, 4,220 projects have been sanctioned with the project cost of Rs.1354.60 crore, in various States across the country under the DDG scheme. All the remaining un-electrified villages are targeted to be electrified by May, 2018. 

Further, the Minister stated that a subsidy of Rs.246.84 crore was disbursed under DDG during the last three years. The State-wise details of capital subsidy released under DDG during the last three years 2014-15, 2015-16 and 2016-17 are as follows: 

Sr. No.

Name of the State

Subsidy amount  (Rs. in crore)

1

Andhra Pradesh

14.4025

2

Assam

81.6966

3

Chhattisgarh

96.1373

4

Karnataka

5.2974

5

Kerala

1.2439

6

Madhya Pradesh

10.5729

7

Rajasthan

24.6835

8

Uttarakhand

1.4834

9

Uttar Pradesh

11.3187

 

Grand Total

246.8363

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States under UDAY achieve improvement of 1.07% in AT&C losses and Rs.0.13 a Unit in ACS-ARR gaps in FY 2017
Aug 03,2017

The Minister of State (IC) For Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, said that interventions under Ujwal DISCOM Assurance Yojana (UDAY) including reduction in interest costs & cost of power and efficiency gains have yielded encouraging results.

The Minister said that as per the unaudited data submitted by States, the participating States have achieved an improvement of 1.07% in Aggregate Technical & Commercial (AT&C) losses and Rs.0.13 a Unit in Average Cost of Supply (ACS) - Average Revenue Realized (ARR) gaps in FY 2017. However, different states have different trajectories since they have joined UDAY at different time.

Shri Goyal also stated that the participating states have already issued Bonds of approximately Rs.2.32 lakh crores, which addresses 86% of the debt envisaged in Memorandum of Understanding (MoU) executed under UDAY.

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Board of Transformers & Rectifiers India approves fund raising and stock split
Aug 03,2017

Transformers & Rectifiers India announced that the Board of Directors at its meeting held on 03 August 2017 transacted the following -

To obtain enabling approvals, from the shareholders for issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through qualified institutional placement or preferential allotment for an amount not exceeding Rs 250 crore, subject to approval of members in AGM.

Sub-division of equity shares of the Company from face value of Rs 10 per share to Rs 1 per share, subject to approval of members.

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Post GST reduction of incidence of Tax on Coal Consumers
Aug 03,2017

In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) . Post implementation of GST all the above mentioned taxes and levies have been subsumed and GST @ 5% is being charged to consumers. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today.

The Minister further stated that Clean Environment Cess @ Rs 400 per tonne was payable prior to GST which has been repealed and a new levy namely GST Compensation Cess has been introduced @ 400 per tonne of coal. However, previously VAT/CST was charged on Clean Environment Cess but no such taxes are levied on GST Compensation Cess.

Following Steps have been taken by Ministry of Coal to facilitate the stakeholders in the implementation of GST:-

i. A facilitation cell, headed by JS & FA, Ministry of Coal and facilitation cells in CIL & its subsidiaries and NLCIL are functional. Toll free number has also been provided.

ii. Various meetings at the level of Minister, Secretary & Additional Secretary were held with CPSEs and various stakeholders.

iii. Help desk has been provided to the Stakeholders/ contractors for facilitating registration on GST Portal/ clarifications.

iv. The FAQs have been uploaded on the websites of CIL Subsidiaries, which were raised during the interaction.

v. Awareness program has been organized with customers and suppliers at various places to sensitize them for migrating to GST system.

vi. Training session was also conducted in association with CBEC for the officers / officials of the Ministry of Coal & its CPSEs .

vii. Around 160 training programs were organized by Coal India Limited & its subsidiaries and NLC India Limited.

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Majesco reports consolidated net loss of Rs 5.02 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Majesco reported to Rs 5.02 crore in the quarter ended June 2017 as against net loss of Rs 1.35 crore during the previous quarter ended June 2016. Sales declined 17.08% to Rs 182.97 crore in the quarter ended June 2017 as against Rs 220.66 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales182.97220.66 -17 OPM %-2.851.20 - PBDT-4.902.13 PL PBT-9.76-1.69 -478 NP-5.02-1.35 -272

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Majesco standalone net profit rises 91.38% in the June 2017 quarter
Aug 03,2017

Net profit of Majesco rose 91.38% to Rs 1.11 crore in the quarter ended June 2017 as against Rs 0.58 crore during the previous quarter ended June 2016. Sales rose 19.68% to Rs 4.50 crore in the quarter ended June 2017 as against Rs 3.76 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales4.503.76 20 OPM %-43.78-102.13 - PBDT1.751.16 51 PBT1.450.97 49 NP1.110.58 91

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Ujjivan Financial Services standalone net profit declines 99.08% in the June 2017 quarter
Aug 03,2017

Net profit of Ujjivan Financial Services declined 99.08% to Rs 0.66 crore in the quarter ended June 2017 as against Rs 71.37 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Integra Telecommunication & Software reports standalone net loss of Rs 0.01 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Integra Telecommunication & Software reported to Rs 0.01 crore in the quarter ended June 2017 as against net loss of Rs 0.04 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Inditalia Refcon reports standalone net loss of Rs 0.03 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Inditalia Refcon reported to Rs 0.03 crore in the quarter ended June 2017 as against net loss of Rs 0.04 crore during the previous quarter ended June 2016. There were no Sales reported in the quarter ended June 2017 and during the previous quarter ended June 2016.

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Shree Hari Chemicals Export reports standalone net loss of Rs 3.06 crore in the June 2017 quarter
Aug 03,2017

Net Loss of Shree Hari Chemicals Export reported to Rs 3.06 crore in the quarter ended June 2017 as against net loss of Rs 1.93 crore during the previous quarter ended June 2016. Sales declined 50.10% to Rs 15.17 crore in the quarter ended June 2017 as against Rs 30.40 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales15.1730.40 -50 OPM %-33.55-6.64 - PBDT-4.48-1.22 -267 PBT-5.38-1.88 -186 NP-3.06-1.93 -59

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Kokuyo Camlin reports standalone net loss of Rs 1.26 crore in the June 2017 quarter
Aug 03,2017

Net loss of Kokuyo Camlin reported to Rs 1.26 crore in the quarter ended June 2017 as against net profit of Rs 4.70 crore during the previous quarter ended June 2016. Sales declined 13.21% to Rs 161.63 crore in the quarter ended June 2017 as against Rs 186.23 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales161.63186.23 -13 OPM %0.956.01 - PBDT1.809.84 -82 PBT-1.916.92 PL NP-1.264.70 PL

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Tanfac Industries standalone net profit rises 4.95% in the June 2017 quarter
Aug 03,2017

Net profit of Tanfac Industries rose 4.95% to Rs 2.33 crore in the quarter ended June 2017 as against Rs 2.22 crore during the previous quarter ended June 2016. Sales rose 4.95% to Rs 35.62 crore in the quarter ended June 2017 as against Rs 33.94 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales35.6233.94 5 OPM %13.9215.88 - PBDT3.513.40 3 PBT2.332.22 5 NP2.332.22 5

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Hindustan Construction Company standalone net profit rises 33.46% in the June 2017 quarter
Aug 03,2017

Net profit of Hindustan Construction Company rose 33.46% to Rs 14.52 crore in the quarter ended June 2017 as against Rs 10.88 crore during the previous quarter ended June 2016. Sales declined 5.27% to Rs 930.66 crore in the quarter ended June 2017 as against Rs 982.45 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales930.66982.45 -5 OPM %18.2717.57 - PBDT48.3352.31 -8 PBT19.4919.55 0 NP14.5210.88 33

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Excel Industries standalone net profit declines 35.12% in the June 2017 quarter
Aug 03,2017

Net profit of Excel Industries declined 35.12% to Rs 7.87 crore in the quarter ended June 2017 as against Rs 12.13 crore during the previous quarter ended June 2016. Sales rose 3.02% to Rs 122.00 crore in the quarter ended June 2017 as against Rs 118.42 crore during the previous quarter ended June 2016.

ParticularsQuarter Endedn++Jun. 2017Jun. 2016% Var. Sales122.00118.42 3 OPM %7.4510.31 - PBDT11.5315.42 -25 PBT7.8712.13 -35 NP7.8712.13 -35

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