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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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Gulf Oil Lubricants India gets reaffirmation of rating for LT bank facilities
Feb 21,2017

Gulf Oil Lubricants India has received reaffirmation of rating of CARE AA-/ Stable for long term bank facilities from Credit Analysis and Research.

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Standard Operating Procedure for protection and care of children in street situations launched
Feb 21,2017

A Standard Operating Procedure (SOP) for Care and Protection of Children in Street Situations for their rehabilitation and safeguarding was released by Minister for Women & Child Development, Smt Maneka Sanjay Gandhi.

The NCPCR decided to outline a detailed intervention framework for care and protection of children living in street situation as the problems faced by these children are multi-dimensional and complex. The SOP aims at streamlining the interventions within the current legal and policy framework. The purpose of the SOP is to identify processes that should be set in motion once a child on the street has been identified as a child in need. These processes would be within the existing framework of rules and policies and would create a convergence of the various agencies. Besides it also provides a step-by-step guideline for all the stakeholders for care, protection and rehabilitation of these children.

Speaking about the release of the SOP, Smt. Maneka Gandhi said, n++Our government is committed to the well-being of every child in India. This initiative will help the Government to ensure that health education and protection mechanisms are made available to children living on the streets.

The SOP was drafted after taking into consideration a detailed field research study with inputs received from regional consultations held at Patna, Lucknow, Hyderabad and Mumbai from 35 NGOs. Children who survived from the street were also consulted in Delhi at NCPCR before drafting of the SOP.

Children living in the streets are among the most vulnerable groups. Most of these children have little or no adult supervision and protection. They also do not have access to education and basic health care living a life of struggle for survival. The lack of basic care and protection exposes them to abuse, exploitation and neglect depriving them of the most basic human rights.

Cities in India are witnessing rapid urbanization. By 2030, 40% of Indias population is expected to be living in urban areas which mean that child population in streets will continue to grow. Therefore, it is important to integrate the needs of children in street situations into urban policies and planning. A 2016 survey by Save the Children in Lucknow, Mughalsarai, Kolkata- Howrah, Patna and Hyderabad found 84,563 children living on the streets. An older study by the same organization in Delhi put their number at 50,000.

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Arvind SmartSpaces allots 10,000 equity shares
Feb 21,2017

Arvind SmartSpaces has issued and allotted 10,000 equity shares of Rs. 10/- each under Arvind Infrastructure (now Arvind SmartSpaces) - Employee Stock Option Scheme 2013 (AIL ESOP 2013) to the eligible employee/s on 21 February 2017 pursuant to the exercise of options granted to him/them.

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Board of Cybertech Systems and Software appoints director
Feb 21,2017

Cybertech Systems and Software announced that the Board of the Directors of the Company through circular resolution have approved the appointment of Willem Elfrink, as an Additional Director (Non-Executive & Non-Independent) on the Board of Directors of the Company with effect from 21 February 2017, to hold office up to the date of the ensuing Annual General Meeting of the Company.

Further, Willem Elfrinks appointment as a Non Executive Director and his term of office are subject to approval of the shareholders at the ensuing Annual General Meeting of the Company.

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Radico Khaitan gains on report of stake sale
Feb 21,2017

Meanwhile, the BSE Sensex was up 84.26 points, or 0.29%, to 28,745.84.

On the BSE, so far 6.22 lakh shares were traded in the counter, compared with average daily volumes of 1.03 lakh shares in the past one quarter.

Trading was volatile on the counter. The stock jumped 6.46% to hit the days high of Rs 142.50 so far during the day. The stock hit a low of Rs 131.05 so far during the day.

The stock hit a 52-week high of Rs 151 on 1 November 2016. The stock hit a 52-week low of Rs 84 on 24 May 2016.

The small-cap company has equity capital of Rs 26.61 crore. Face value per share is Rs 2.

Radico Khaitan, however, clarified to the bourses during tradiing hours today, 21 February 2017, that the news item is factually incorrect and the company is not aware of any information that has not been announced to the stock exchanges, which could explain the movement in the trading of the companys shares.

Net profit of Radico Khaitan declined 22.35% to Rs 19.70 crore on 3.40% rise in net sales to Rs 405.89 crore in Q3 December 2016 over Q3 December 2015.

Radico Khaitan is one of the largest players in the Indian spirits industry. Radico Khaitan operates three distilleries and one joint venture with total capacity of 150 million litres. It also has 33 bottling units spread across the country.

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Bharat Electronics gains after outperform rating by foreign brokerage
Feb 21,2017

Meanwhile, the S&P BSE Sensex was up 129.08 points or 0.45% at 28,790.66.

On the BSE, 26,000 shares were traded on the counter so far as against the average daily volumes of 46,337 shares in the past one quarter. The stock had hit a high of Rs 1,569.55 and a low of Rs 1,535 so far during the day.

The stock had hit a record high of Rs 1,624.30 on 30 January 2017 and a 52-week low of Rs 1,009 on 1 March 2016. The stock had underperformed the market over the past one month till 20 February 2017, advancing 4.07% compared with the Sensexs 6.02% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 17.2% as against the Sensexs 9.6% rise.

The large-cap company has equity capital of Rs 223.36 crore. Face value per share is Rs 10.

The brokerages target price of Rs 1,800 is at a premium of 15.07% over Bharat Electronics ruling market price.

Bharat Electronics net profit rose 33.3% to Rs 373.54 crore on 32.9% growth in net sales to Rs 2091.47 crore in Q3 December 2016 over Q3 December 2015.

Bharat Electronics was established at Bangalore, India, by the Government of India under the Ministry of Defence in 1954 to meet the specialised electronic needs of the Indian defence services. Over the years, it has grown into a multi-product, multi-technology, multi-unit company servicing the needs of customers in diverse fields in India and abroad.

The Government of India held 74.41% stake in Bharat Electronics (as per the shareholding pattern as on 31 December 2016).

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Kamat Hotels (India) reports standalone net profit of Rs 29.70 crore in the December 2016 quarter
Feb 21,2017

Net profit of Kamat Hotels (India) reported to Rs 29.70 crore in the quarter ended December 2016 as against net loss of Rs 78.27 crore during the previous quarter ended December 2015. Sales rose 9.16% to Rs 41.35 crore in the quarter ended December 2016 as against Rs 37.88 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales41.3537.88 9 OPM %39.5925.69 - PBDT17.315.87 195 PBT14.122.65 433 NP29.70-78.27 LP

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Rajesh Solvex reports standalone net profit of Rs 0.01 crore in the December 2016 quarter
Feb 21,2017

Net profit of Rajesh Solvex reported to Rs 0.01 crore in the quarter ended December 2016 as against net loss of Rs 0.32 crore during the previous quarter ended December 2015. Sales reported to Rs 0.99 crore in the quarter ended December 2016. There were no Sales reported during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.990 0 OPM %15.150 - PBDT0.05-0.28 LP PBT0.01-0.32 LP NP0.01-0.32 LP

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Board of RLF approves change in directorate
Feb 21,2017

RLF announced that the Board of Directors of the Company in its meeting held on 14 February 2017 has appointed to Ashish Khanna as an additional director w.e.f. 14 February 2017.

Arun Kumar Lamba, Director of the Company has resigned w.e.f. 14 February 2017.

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Ambuja Cements standalone net profit rises 59.95% in the December 2016 quarter
Feb 21,2017

Net profit of Ambuja Cements rose 59.95% to Rs 175.88 crore in the quarter ended December 2016 as against Rs 109.96 crore during the previous quarter ended December 2015. Sales declined 6.76% to Rs 2196.66 crore in the quarter ended December 2016 as against Rs 2355.81 crore during the previous quarter ended December 2015.

For the full year,net profit rose 20.13% to Rs 970.09 crore in the year ended December 2016 as against Rs 807.56 crore during the previous year ended December 2015. Sales declined 2.22% to Rs 9160.40 crore in the year ended December 2016 as against Rs 9368.30 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales2196.662355.81 -7 9160.409368.30 -2 OPM %14.9813.91 -18.3716.35 - PBDT356.53392.78 -9 2187.441797.87 22 PBT200.27228.65 -12 1337.311172.21 14 NP175.88109.96 60 970.09807.56 20

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Varun Beverages reports consolidated net loss of Rs 90.61 crore in the December 2016 quarter
Feb 21,2017

Net Loss of Varun Beverages reported to Rs 90.61 crore in the quarter ended December 2016 as against net loss of Rs 98.75 crore during the previous quarter ended December 2015. Sales rose 9.31% to Rs 420.06 crore in the quarter ended December 2016 as against Rs 384.30 crore during the previous quarter ended December 2015.

For the full year,net profit rose 33.81% to Rs 151.26 crore in the year ended December 2016 as against Rs 113.04 crore during the previous year ended December 2015. Sales rose 13.70% to Rs 3825.13 crore in the year ended December 2016 as against Rs 3364.22 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales420.06384.30 9 3825.133364.22 14 OPM %4.750.86 -20.7918.94 - PBDT-25.50-40.55 37 615.20482.57 27 PBT-118.08-129.17 9 242.84165.16 47 NP-90.61-98.75 8 151.26113.04 34

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Ambuja Cements consolidated net profit rises 85.25% in the December 2016 quarter
Feb 21,2017

Net profit of Ambuja Cements rose 85.25% to Rs 205.70 crore in the quarter ended December 2016 as against Rs 111.04 crore during the previous quarter ended December 2015. Sales rose 105.88% to Rs 4861.04 crore in the quarter ended December 2016 as against Rs 2361.05 crore during the previous quarter ended December 2015.

For the full year,net profit rose 38.77% to Rs 1121.13 crore in the year ended December 2016 as against Rs 807.88 crore during the previous year ended December 2015. Sales rose 114.04% to Rs 20093.95 crore in the year ended December 2016 as against Rs 9388.00 crore during the previous year ended December 2015.

ParticularsQuarter EndedYear Endedn++Dec. 2016Dec. 2015% Var.Dec. 2016Dec. 2015% Var. Sales4861.042361.05 106 20093.959388.00 114 OPM %12.1214.00 -15.5216.43 - PBDT615.12394.48 56 3496.781803.01 94 PBT288.99229.99 26 2033.601173.25 73 NP205.70111.04 85 1121.13807.88 39

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Mihika Industries reports standalone net loss of Rs 0.06 crore in the December 2016 quarter
Feb 21,2017

Net Loss of Mihika Industries reported to Rs 0.06 crore in the quarter ended December 2016 as against net loss of Rs 0.07 crore during the previous quarter ended December 2015. Sales rose 43.24% to Rs 0.53 crore in the quarter ended December 2016 as against Rs 0.37 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.530.37 43 OPM %-83.02-48.65 - PBDT-0.08-0.11 27 PBT-0.08-0.11 27 NP-0.06-0.07 14

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Bazel International standalone net profit rises 200.00% in the December 2016 quarter
Feb 21,2017

Net profit of Bazel International rose 200.00% to Rs 0.09 crore in the quarter ended December 2016 as against Rs 0.03 crore during the previous quarter ended December 2015. Sales rose 50.00% to Rs 0.12 crore in the quarter ended December 2016 as against Rs 0.08 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.120.08 50 OPM %75.0025.00 - PBDT0.090.03 200 PBT0.090.03 200 NP0.090.03 200

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Anubhav Industrial Resources reports standalone nil net profit/loss in the December 2016 quarter
Feb 21,2017

Anubhav Industrial Resources reported no net profit/loss in the quarter ended December 2016 as against net loss of Rs 0.20 crore during the previous quarter ended December 2015. Sales declined 75.00% to Rs 0.01 crore in the quarter ended December 2016 as against Rs 0.04 crore during the previous quarter ended December 2015.

ParticularsQuarter Endedn++Dec. 2016Dec. 2015% Var. Sales0.010.04 -75 OPM %0-500.00 - PBDT0-0.20 100 PBT0-0.20 100 NP0-0.20 100

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