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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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Bannari Amman Sugars standalone net profit rises 1087.70% in the September 2016 quarter
Nov 24,2016

Net profit of Bannari Amman Sugars rose 1087.70% to Rs 45.37 crore in the quarter ended September 2016 as against Rs 3.82 crore during the previous quarter ended September 2015. Sales rose 56.95% to Rs 560.94 crore in the quarter ended September 2016 as against Rs 357.40 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales560.94357.40 57 OPM %17.9912.47 - PBDT77.3019.58 295 PBT59.984.99 1102 NP45.373.82 1088

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Shivansh Finserve reports standalone net loss of Rs 0.03 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Shivansh Finserve reported to Rs 0.03 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales rose 100.00% to Rs 0.02 crore in the quarter ended September 2016 as against Rs 0.01 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.020.01 100 OPM %-150.00-200.00 - PBDT-0.03-0.02 -50 PBT-0.03-0.02 -50 NP-0.03-0.02 -50

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Bimetal Bearings standalone net profit rises 70.75% in the September 2016 quarter
Nov 24,2016

Net profit of Bimetal Bearings rose 70.75% to Rs 2.51 crore in the quarter ended September 2016 as against Rs 1.47 crore during the previous quarter ended September 2015. Sales rose 4.45% to Rs 36.12 crore in the quarter ended September 2016 as against Rs 34.58 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales36.1234.58 4 OPM %4.736.77 - PBDT3.073.33 -8 PBT2.022.25 -10 NP2.511.47 71

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Peninsula Land reports standalone net loss of Rs 9.45 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Peninsula Land reported to Rs 9.45 crore in the quarter ended September 2016 as against net loss of Rs 0.05 crore during the previous quarter ended September 2015. Sales rose 17.10% to Rs 13.15 crore in the quarter ended September 2016 as against Rs 11.23 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13.1511.23 17 OPM %-109.51-184.15 - PBDT-0.590.55 PL PBT-1.68-0.45 -273 NP-9.45-0.05 -18800

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PC Jeweller standalone net profit rises 16.33% in the September 2016 quarter
Nov 24,2016

Net profit of PC Jeweller rose 16.33% to Rs 106.93 crore in the quarter ended September 2016 as against Rs 91.92 crore during the previous quarter ended September 2015. Sales rose 30.23% to Rs 2174.29 crore in the quarter ended September 2016 as against Rs 1669.59 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2174.291669.59 30 OPM %8.2211.75 - PBDT158.14140.85 12 PBT152.66135.41 13 NP106.9391.92 16

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Jindal Stainless reports standalone net loss of Rs 65.00 crore in the September 2016 quarter
Nov 24,2016

Net Loss of Jindal Stainless reported to Rs 65.00 crore in the quarter ended September 2016 as against net loss of Rs 122.87 crore during the previous quarter ended September 2015. Sales rose 24.79% to Rs 1911.22 crore in the quarter ended September 2016 as against Rs 1531.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1911.221531.60 25 OPM %12.249.42 - PBDT-30.95-97.28 68 PBT-107.36-168.96 36 NP-65.00-122.87 47

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Lloyd Electric & Engineering standalone net profit rises 25.05% in the September 2016 quarter
Nov 24,2016

Net profit of Lloyd Electric & Engineering rose 25.05% to Rs 12.18 crore in the quarter ended September 2016 as against Rs 9.74 crore during the previous quarter ended September 2015. Sales rose 29.80% to Rs 510.61 crore in the quarter ended September 2016 as against Rs 393.38 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales510.61393.38 30 OPM %9.4010.69 - PBDT24.5119.84 24 PBT16.3912.34 33 NP12.189.74 25

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Aries Agro standalone net profit rises 132.02% in the September 2016 quarter
Nov 24,2016

Net profit of Aries Agro rose 132.02% to Rs 5.87 crore in the quarter ended September 2016 as against Rs 2.53 crore during the previous quarter ended September 2015. Sales rose 43.04% to Rs 67.00 crore in the quarter ended September 2016 as against Rs 46.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales67.0046.84 43 OPM %21.0319.02 - PBDT9.544.28 123 PBT9.023.85 134 NP5.872.53 132

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Aries Agro consolidated net profit rises 97.47% in the September 2016 quarter
Nov 24,2016

Net profit of Aries Agro rose 97.47% to Rs 6.24 crore in the quarter ended September 2016 as against Rs 3.16 crore during the previous quarter ended September 2015. Sales rose 32.34% to Rs 75.05 crore in the quarter ended September 2016 as against Rs 56.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales75.0556.71 32 OPM %22.3923.51 - PBDT11.927.35 62 PBT9.834.69 110 NP6.243.16 97

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Saurashtra Cement downs its downstream equipments
Nov 24,2016

Saurashtra Cement as an annual maintenance measure has shut down its kiln and all its downstream equipment from 24th November 2016 for about 20 days.

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Gokak Textiles to hold board meeting
Nov 24,2016

The board meeting of Gokak Textiles will be held on 02nd December 2016, to approve the Unaudited Financial Results for the quarter and half year ended September 30, 2016. to consider issuance of Non-convertible Redeemable Preference Shares on private placement basis to the Promoters/Promoter Group.

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Lancer Container Lines CFO resigns
Nov 24,2016

Lancer Container Lines has announced that Deepak Sonar the Chief Financial Officer of the Company has resigned from the services with effect from 23rd November 2016.

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Cabinet approves third Protocol to Convention between India & New Zealand
Nov 24,2016

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the ratification and entry into force of the third Protocol to the Convention between India and New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to (w.r.t) taxes on income (Convention). The Protocol was signed on 26th October, 2016.

The Protocol will stimulate the flow of exchange of information between India and New Zealand for tax purposes which will help curb tax evasion and tax avoidance. It will also enable assistance in collection of tax revenue claims between both countries.

Article 26 on Exchange of Information of the existing Convention has been replaced with a new Article in the Protocol which is in line with the international standard for exchange of information.

A new Article on Assistance on Collection of Taxes has been added in the Protocol.

The Protocol shall enter into force on the date of notification of completion of the procedures required by the respective laws of the two countries for entry into force of the Protocol.

Background:

The Central Government is authorized under section 90 of the Income Tax Act, 1961 to enter into an Agreement with a foreign country or specified territory for exchange of information and recovery of income tax for the prevention of evasion or avoidance of income-tax chargeable under the Income-tax Act, 1961. The Convention came into force on 3rd December, 1986. The Convention was amended in 1997 through a First Protocol and in 2000 through a Second Protocol. Subsequently, India proposed to further amend the Convention through a Third Protocol to update the Exchange of Information Article as per the international standard and to insert an Article on Assistance in the Collection of taxes. Accordingly, negotiations were entered into with New Zealand and agreement was reached on both the Articles of the Third Protocol.

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TCS gains on partnering with ASML
Nov 24,2016

The announcement was made during trading hours today, 24 November 2016.

Meanwhile, the BSE Sensex was down 94.05 points, or 0.36%, to 25,957.76.

On BSE, so far 18,000 shares were traded in the counter, compared with average daily volume of 1.48 lakh shares in the past one quarter. The stock hit a high of Rs 2,192 and a low of Rs 2,140 so far during the day. The stock hit a 52-week high of Rs 2,740 on 12 August 2016. The stock hit a 52-week low of Rs 2,054.70 on 15 November 2016. The stock had underperformed the market over the past 30 days till 23 November 2016, falling 10.09% compared with the 7.26% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 15.43% as against Sensexs 6.41% decline.

The large-cap company has equity capital of Rs 197.04 crore. Face value per share is Re 1.

TCS announced that it will implement a unified global process blueprint for ASML, aiming to simplify business processes, improve operational efficiency and elevate stakeholder experience. Recently, TCS set up an exclusive centre for ASML in its Hyderabad Campus.

ASML is one of the worlds leading manufacturers of chip-making equipment. It is a multinational company with over 70 locations in 16 countries, headquartered n++n Veldhoven, the Netherlands.

TCS has been ASMLs trusted partner, providing a range of services including IT application portfolio management, cyber security operations and support for product lifecycle management platforms. TCS has been a key transformation partner to ASML, contributing to its growth vision and future-ready IT landscape.

On a consolidated basis, TCS reported a 4.51% growth in its net profit at Rs 6603 crore on 0.07% decline in net sales to Rs 29284 crore in Q2 September 2016 over Q1 June 2016.

TCS is an IT services, consulting and business solutions organization. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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NTPC to continue Payment Security Mechanism
Nov 24,2016

The Ministry of Power vide its letter dated 22nd November 2016 has approved NTPC for continuation of Payment Security Mechanism beyond 31st October 2016.

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