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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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Pharma stocks drop on concerns of lower prices for generic products
Feb 01,2017

Aurobindo Pharma (down 2.9%), Dr Reddys Laboratories (down 2.44%), Lupin (down 2.2%), Wockhardt (down 1.75%), Sun Pharmaceutical Industries (down 1.36%), Divis Laboratories (down 1.16%), Strides Shasun (down 0.93%), Cipla (down 0.91%), Glenmark Pharmaceuticals (down 0.82%), Ipca Laboratories (down 0.58%), Alkem Laboratories (down 0.53%) and GlaxoSmithkline Pharmaceuticals (down 0.01%) edged lower.

Meanwhile, the S&P BSE Sensex was down 8.47 points or 0.03% at 27,647.49.

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Shriram Transport Finance Company to consider various options for fund raising
Feb 01,2017

Shriram Transport Finance Company announced that the Company is considering raising of funds through various options of borrowings including by way of issue of securities in onshore/offshore market on private placement basis. Based on the market conditions the meeting(s) of Banking and Finance Committee/Debt Issuance Committee will be held during the current month ending 28 February 2017 to consider and approve the terms and conditions of such borrowings.

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Board of Fruition Venture to consider December quarter results
Feb 01,2017

Fruition Venture announced that the Board meeting of the Company is scheduled to be held on 08 February 2017, inter alia, to for consider and approve the un-audited Financial Results for the quarter (Provisional) ended 31 December 2016.

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Dairy stocks gain as FM announces fund to be setup under NABARD
Feb 01,2017

Meanwhile, the S&P BSE Sensex was up 14.62 points or 0.05% at 27,670.58

Modern Dairies (up 5.46%), Umang Dairies (up 3%), Prabhat Dairy (up 2.33%), Heritage Foods (up 1.68%), Hatsun Agro Products (up 0.56%) and Kwality (up 0.22%) gained.

While presenting Union Budget 2017-18 in the parliament today, 1 February 2017, finance minister Arun Jaitley said that a dairy processing infrastructure fund will be set up under NABARD, with fund of Rs 8000 crore.

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Board of Sterling Biotech to consider December quarter results
Feb 01,2017

Sterling Biotech announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 February 2017, to review and consider and adopt the Unaudited Financial Results for the period ended on 31 December 2016, along with the Limited Review Report of the Statutory Auditor thereon.

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Ensa Steel Industries to announce December quarter results
Feb 01,2017

Ensa Steel Industries announced that the meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, to review and consider and adopt the Unaudited Financial Results for the period ended on 31 December 2016, along with the Limited Review Report of the Statutory Auditor thereon.

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Realty stocks nudge higher as FM says affordable housing to get infrastructure status
Feb 01,2017

Unitech (up 3.31%), Prestige Estates Projects (up 2.58%), Oberoi Realty (up 2.49%), Godrej Properties (up 1.9%), D B Realty (up 1.63%), DLF (up 1.48%), Indiabulls Real Estate (up 1.39%), Sobha (up 0.98%) and Housing Development and Infrastructure (up 1.04%) gained.

Meanwhile, the S&P BSE Sensex was up 19.64 points or 0.07% at 27,675.60.

Jaitley in his Budget speech today, 1 February 2017, said that affordable housing to be given infrastructure status. The National Housing Finance will insure houses, Jaitley said. The real estate sector was among the most hit sectors due to the recent governments demonetisation drive banning higher denomination bank notes.

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Board of Sterling International Enterprises to consider December quarter results
Feb 01,2017

Sterling International Enterprises announced that the meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, to review and consider and adopt the Unaudited Financial Results for the period ended on 31 December 2016, along with the Limited Review Report of the Statutory Auditor thereon.

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Shyamal Holdings & Trading to consider December quarter results
Feb 01,2017

Shyamal Holdings & Trading announced that the meeting of the Board of Directors of the Company is scheduled to be held on 10 February 2017, to review and consider and adopt the Unaudited Financial Results for the period ended on 31 December 2016, along with the Limited Review Report of the Statutory Auditor thereon.

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IEC Education to consider December quarter results
Feb 01,2017

IEC Education announced that the meeting of the Board of Directors of the Company is scheduled to be held on 11 February 2017, to discuss and approve unaudited Quarterly Financial Results of the Company along with the Limited Review Report for the Quarter ended 31 December 2016.

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Board of NRB Industrial Bearings to consider December quarter results
Feb 01,2017

NRB Industrial Bearings announced that a meeting of the Board of Directors of the Company is scheduled to be held on 11 February 2017, inter alia, to consider and approve the unaudited financial results of the Company for the Quarter ended 31 December 2016.

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Board of Thakral Services (India) to consider December quarter results
Feb 01,2017

Thakral Services (India) announced that a meeting of the Board of Directors of the Company will be held on 14 February 2017, to consider and take on record, amongst other things, the unaudited financial results of the Company for the quarter ended 31 December 2016.

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Avon Mercantile to consider December quarter results
Feb 01,2017

Avon Mercantile announced that a Meeting of the Board of Directors of the Company will be held on 13 February 2017, to consider and take on record the Unaudited financial results for the quarter ended on 31 December 2016.

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Board of Virgo Polymer (India) to consider December quarter results
Feb 01,2017

Virgo Polymer (India) announced that the meeting of the Board of Directors of the Company is scheduled to be held on 14 February 2017, to consider & approve the unaudited financial results for the quarter ended 31 December 2016.

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Subhash Silk Mills cancels board meeting for adoption of financial results
Feb 01,2017

Subhash Silk Mills announced that the Company have cancelled its Board Meeting proposed to be held on 02 February 2017 for adoption of Unaudited Financial Results.

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