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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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Alkem Laboratories fixes record date for final dividend
May 26,2017

Alkem Laboratories has fixed 01 September 2017 as record date for final dividend.

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Continental Securities to hold board meeting
May 26,2017

Continental Securities will hold a meeting of the Board of Directors of the Company on 29 May 2017.

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Quasar India to hold board meeting
May 26,2017

Quasar India will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider, approve and adopt the Audited Financial Results of the company for the Quarter and financial year ended March 31, 2017.

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Vantage Knowledge Academy to hold board meeting
May 26,2017

Vantage Knowledge Academy will hold a meeting of the Board of Directors of the Company on 30 May 2017, to consider and take on record the Audited Financial Results of the Company for the Quarter and Year ended 31st March 2017.

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Sirohia & Sons to hold board meeting
May 26,2017

Sirohia & Sons will hold a meeting of the Board of Directors of the Company on 29 May 2017, to consider, approve and adopt the Audited Financial Results of the company for the Quarter and financial year ended March 31, 2017.

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After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices
May 26,2017

Telecommunication services presently attract Service Tax of 14% along with Swachh Bharat Cess (SBC) of 0.5% and Krishi Kalyan Cess (KKC) of 0.5%. While Service Tax is a pure value added tax, the above mentioned cesses are not. This is the reason that while no ITC (Input Tax Credit) of SBC is available, the ITC of KKC is allowed to be set-off only against KKC. Therefore, both the cesses are turn-over tax.

As against the above, the Telecommunication Services will attract GST of 18% in the GST regime, which is a pure Value Added Tax because full ITC of Inputs and Input Services used in the course or furtherance of business by the telecommunication service providers would be available.

Moreover, presently Telecom Service providers are neither eligible for credit of VAT paid on goods nor of Special Additional Duty (SAD) paid on imported goods/equipments. However, under GST, Telecom Service Providers would avail credit of IGST paid on domestically procured goods as also imported goods. As per some estimates, this additional Input Tax Credit would be as much as 2% of the turnover of the telecom industry. Further, ITC of Service Tax paid on assignment of spectrum by the Government in 2016 is presently allowed to be availed of by the telecommunication companies over a period of 3 years. In the GST regime, the entire credit can be taken in the same year. Resultantly, the balance two-third credit of the previous year would be admissible in the Current Financial Year itself. All of these would reduce the telecom companies liability to pay GST through cash to about 87% of what they paid in the last fiscal.

Thus, the telecom companies are required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs.

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Sunstar Realty Development to hold board meeting
May 26,2017

Sunstar Realty Development will hold a meeting of the Board of Directors of the Company on 30 May 2017, to take on record the Audited Financial Results for the Half year and Financial Year ended March, 31st 2017.

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Haria Apparels to hold board meeting
May 26,2017

Haria Apparels will hold a meeting of the Board of Directors of the Company on 30 May 2017, to take on record the Audited Financial Results for the 4th Quarter/Twelve months ended March, 31st 2017.

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RJ Bio-Tech to hold board meeting
May 26,2017

RJ Bio-Tech will hold a meeting of the Board of Directors of the Company on 30 May 2017, to take on record the Audited Financial Results for the Half year March, 31st 2017.

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Board of Cinerad Communications does not declare dividend
May 26,2017

Cinerad Communications announced that the Board of Directors of the Company at its meeting held on 26 May 2017 have not declared dividend and there was no decision to buy back of shares of the Company.

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CHL reports consolidated net loss of Rs 7.82 crore in the March 2017 quarter
May 26,2017

Net loss of CHL reported to Rs 7.82 crore in the quarter ended March 2017 as against net profit of Rs 1.14 crore during the previous quarter ended March 2016. Sales rose 69.52% to Rs 22.02 crore in the quarter ended March 2017 as against Rs 12.99 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 23.69 crore in the year ended March 2017 as against net loss of Rs 13.84 crore during the previous year ended March 2016. Sales rose 15.57% to Rs 75.93 crore in the year ended March 2017 as against Rs 65.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales22.0212.99 70 75.9365.70 16 OPM %21.3938.72 -17.349.10 - PBDT0.431.86 -77 -2.51-7.58 67 PBT-6.032.81 PL -20.01-21.76 8 NP-7.821.14 PL -23.69-13.84 -71

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Swagtam Trading & Services reports standalone net profit of Rs 0.05 crore in the March 2017 quarter
May 26,2017

Net profit of Swagtam Trading & Services reported to Rs 0.05 crore in the quarter ended March 2017. There were no net profit/loss reported during the previous quarter ended March 2016. Sales rose 40.00% to Rs 0.07 crore in the quarter ended March 2017 as against Rs 0.05 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.03 crore in the year ended March 2017. There were no net profit/loss reported during the previous year ended March 2016. Sales declined 60.00% to Rs 0.16 crore in the year ended March 2017 as against Rs 0.40 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.070.05 40 0.160.40 -60 OPM %57.140 --18.755.00 - PBDT0.050 0 -0.020.02 PL PBT0.040 0 -0.040 0 NP0.050 0 -0.030 0

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Meenakshi Enterprises reports standalone net profit of Rs 2.11 crore in the March 2017 quarter
May 26,2017

Net profit of Meenakshi Enterprises reported to Rs 2.11 crore in the quarter ended March 2017 as against net loss of Rs 0.75 crore during the previous quarter ended March 2016. Sales rose 27.46% to Rs 1.81 crore in the quarter ended March 2017 as against Rs 1.42 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.16 crore in the year ended March 2017 as against net loss of Rs 0.68 crore during the previous year ended March 2016. Sales rose 34.47% to Rs 2.77 crore in the year ended March 2017 as against Rs 2.06 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1.811.42 27 2.772.06 34 OPM %120.44-54.93 -9.03-32.04 - PBDT2.17-0.78 LP 0.24-0.66 LP PBT2.17-0.79 LP 0.22-0.68 LP NP2.11-0.75 LP 0.16-0.68 LP

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Canopy Finance reports standalone net loss of Rs 0.03 crore in the March 2017 quarter
May 26,2017

Net Loss of Canopy Finance reported to Rs 0.03 crore in the quarter ended March 2017 as against net loss of Rs 0.08 crore during the previous quarter ended March 2016. Sales declined 80.00% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.02 crore in the year ended March 2017 as against net loss of Rs 0.10 crore during the previous year ended March 2016. Sales declined 58.93% to Rs 0.23 crore in the year ended March 2017 as against Rs 0.56 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.020.10 -80 0.230.56 -59 OPM %-150.00-80.00 -8.70-17.86 - PBDT-0.03-0.08 63 0.02-0.10 LP PBT-0.03-0.08 63 0.02-0.10 LP NP-0.03-0.08 63 0.02-0.10 LP

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West Leisure Resorts reports standalone net profit of Rs 0.01 crore in the March 2017 quarter
May 26,2017

Net profit of West Leisure Resorts reported to Rs 0.01 crore in the quarter ended March 2017 as against net loss of Rs 0.02 crore during the previous quarter ended March 2016. Sales declined 25.00% to Rs 0.03 crore in the quarter ended March 2017 as against Rs 0.04 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.02 crore in the year ended March 2017. There were no net profit/loss reported during the previous year ended March 2016. Sales declined 37.93% to Rs 0.18 crore in the year ended March 2017 as against Rs 0.29 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.030.04 -25 0.180.29 -38 OPM %0-75.00 -5.566.90 - PBDT0-0.03 100 0.010.02 -50 PBT0-0.03 100 0.010.02 -50 NP0.01-0.02 LP 0.020 0

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