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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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Kaiser Corporation reports standalone nil net profit/loss in the September 2016 quarter
Nov 10,2016

Kaiser Corporation reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 30.00% to Rs 0.13 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.130.10 30 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Abhinav Capital Services standalone net profit rises 22.58% in the September 2016 quarter
Nov 10,2016

Net profit of Abhinav Capital Services rose 22.58% to Rs 0.76 crore in the quarter ended September 2016 as against Rs 0.62 crore during the previous quarter ended September 2015. Sales rose 8.42% to Rs 1.03 crore in the quarter ended September 2016 as against Rs 0.95 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.030.95 8 OPM %97.0997.89 - PBDT0.970.93 4 PBT0.960.92 4 NP0.760.62 23

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Stanpacks (India) standalone net profit declines 40.00% in the September 2016 quarter
Nov 10,2016

Net profit of Stanpacks (India) declined 40.00% to Rs 0.09 crore in the quarter ended September 2016 as against Rs 0.15 crore during the previous quarter ended September 2015. Sales rose 2.52% to Rs 6.52 crore in the quarter ended September 2016 as against Rs 6.36 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.526.36 3 OPM %14.2615.41 - PBDT0.250.31 -19 PBT0.090.15 -40 NP0.090.15 -40

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Dhampur Sugar Mills reports standalone net profit of Rs 41.10 crore in the September 2016 quarter
Nov 10,2016

Net profit of Dhampur Sugar Mills reported to Rs 41.10 crore in the quarter ended September 2016 as against net loss of Rs 5.97 crore during the previous quarter ended September 2015. Sales rose 4.40% to Rs 651.48 crore in the quarter ended September 2016 as against Rs 624.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales651.48624.01 4 OPM %16.407.11 - PBDT73.125.39 1257 PBT61.64-5.97 LP NP41.10-5.97 LP

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Shree Bhawani Paper Mills reports standalone net loss of Rs 9.11 crore in the September 2016 quarter
Nov 10,2016

Net Loss of Shree Bhawani Paper Mills reported to Rs 9.11 crore in the quarter ended September 2016 as against net loss of Rs 9.30 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Hindusthan Udyog reports standalone net loss of Rs 1.60 crore in the September 2016 quarter
Nov 10,2016

Net loss of Hindusthan Udyog reported to Rs 1.60 crore in the quarter ended September 2016 as against net profit of Rs 0.24 crore during the previous quarter ended September 2015. Sales declined 42.57% to Rs 5.76 crore in the quarter ended September 2016 as against Rs 10.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales5.7610.03 -43 OPM %-34.03-0.80 - PBDT-1.280.68 PL PBT-1.600.24 PL NP-1.600.24 PL

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United Interactive reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 10,2016

Net Loss of United Interactive reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.03 crore during the previous quarter ended September 2015. There were no Sales reported in the quarter ended September 2016 and during the previous quarter ended September 2015.

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Lumax Auto Technologies consolidated net profit rises 12.56% in the September 2016 quarter
Nov 10,2016

Net profit of Lumax Auto Technologies rose 12.56% to Rs 11.74 crore in the quarter ended September 2016 as against Rs 10.43 crore during the previous quarter ended September 2015. Sales rose 20.30% to Rs 272.33 crore in the quarter ended September 2016 as against Rs 226.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales272.33226.38 20 OPM %8.529.28 - PBDT24.2921.50 13 PBT18.4016.47 12 NP11.7410.43 13

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Coventry Coil-O-Matic Haryana to consider Q2 results
Nov 10,2016

Coventry Coil-O-Matic (Haryana) announced that the Board of Directors of the Company would meet on 14 November 2016, inter alia, to consider Unaudited Financial Results of the Company for the 2nd Quarter ended 30 September 2016.

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Hinduja Global Solutions fixes record date for interim dividend
Nov 10,2016

Hinduja Global Solutions has fixed 23 November 2016 as the Record Date for the purpose of Payment of Interim Dividend. The said Dividend will be paid on or after 01 December 2016.

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Sundaram Brake Linings to announce September quarter and half year results
Nov 10,2016

Sundaram Brake Linings announced that a meeting of the Board of Directors of the Company is scheduled to be held on 10 December 2016, interalia, to consider and approve the Unaudited Financial Results in accordance with Ind AS for the Quarter / Half Year ended 30 September 2016.

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Cipla shrugs off weak Q2 outcome
Nov 10,2016

The result was announced after market hours yesterday, 9 November 2016.

Meanwhile, the S&P BSE Sensex was up 309.64 points or 1.14% at 27,562.17.

On BSE, so far 66,000 shares were traded in the counter as against average daily volume of 1.99 lakh shares in the past one quarter. The stock hit a high of Rs 554.30 and a low of Rs 538 so far during the day.

The large-cap company has equity capital of Rs 160.84 crore. Face value per share is Rs 2.

Cipla said that consolidated net profit dropped 34.75% to Rs 354.34 crore on 8.39% rise in total income to Rs 3778.25 crore in Q2 September 2016 over Q2 September 2015. The company said the results are not strictly comparable to Q2 September 2015 results. The Q2 September 2016 earnings include revenue from InvaGen Pharmaceuticals, a US-based company that Cipla acquired in February this year, and as Q2 September 2015 results included profit from Esomeprazole.

Cipla said that Q2 September 2016 reflected improved profitability in base business driven by better product and geography mix. The company launched 6 new products during this quarter in the US market and continues to invest in building a niche and differentiated product portfolio, Cipla said. Commenting on the results, Umang Vohra, MD and Global CEO, Cipla said that the company continues to stay focused on building operational efficiencies and strengthening presence in priority markets.

Cipla is a global pharmaceutical company

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Direct Tax Collections up to October, 2016 show an increase of 10.6%
Nov 10,2016

The figures for Direct Tax Collections up to October, 2016 show that net collections are at Rs.3.77 lakh crore which is 10.6% more than the net collections for the corresponding period last year. Till October, 2016, 44.5% of the Budget Estimates of direct taxes for FY 2016-17 has been achieved.

As regards the growth rates for Corporate Income Tax (CIT) and Personal Income Tax (PIT), in terms of gross revenue collections, the growth rate under CIT is 11.6% while that under PIT (including STT etc.) is 18.6%. However, after adjusting for refunds, the net growth in CIT collections is 5.0% while that in PIT collections is 18.4%. Refunds amounting to Rs.93,836 crore have been issued during April-October, 2016, which is 32.2% higher than the refunds issued during the corresponding period last year.

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TCS announces change in Chairman
Nov 10,2016

Tata Consultancy Services announced about the following material events:

1. The Company has received a letter dated 09 November 2016 from Tata Sons Limited nominating Ishaat Hussain as the Chairman of the Board of Directors of the Company in place of Cyrus P. Mistry with immediate effect. In view of this, Mistry has ceased to be the Chairman of the Board of Directors of the Company and Hussain is the new Chairman of the Company. The Company has been further informed that Hussain shall hold office as Chairman of the Company until a new Chairman is appointed in his place.

2. Tata Sons has issued a special notice under Section 169 read with Section 115 of the Companies Act, 2013 and a requisition for convening an extraordinary general meeting of shareholders of the Company under Section 100(2) of the Companies Act, 2013 to consider a resolution for the removal of Cyrus P. Mistry as Director of the Company.

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Hinduja Global Solutions to pay 2nd interim dividend
Nov 10,2016

Hinduja Global Solutions announced that second Interim Dividend of Rs. 2.50 per equity share of Rs. 10/- each paid up for the Financial Year 2016-17 will be paid on or after 01 December 2016.

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