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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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Mega Nirman & Industries reports standalone nil net profit/loss in the September 2016 quarter
Oct 28,2016

Mega Nirman & Industries reported no net profit/loss in the quarter ended September 2016 and during the previous quarter ended September 2015. Sales rose 200.00% to Rs 0.06 crore in the quarter ended September 2016 as against Rs 0.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.060.02 200 OPM %00 - PBDT00 0 PBT00 0 NP00 0

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Duke Offshore reports standalone net loss of Rs 0.78 crore in the September 2016 quarter
Oct 28,2016

Net Loss of Duke Offshore reported to Rs 0.78 crore in the quarter ended September 2016 as against net loss of Rs 0.79 crore during the previous quarter ended September 2015. Sales rose 60.00% to Rs 0.08 crore in the quarter ended September 2016 as against Rs 0.05 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.080.05 60 OPM %-637.50-1120.00 - PBDT-0.50-0.53 6 PBT-0.78-0.79 1 NP-0.78-0.79 1

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Tivoli Construction reports standalone nil net profit/loss in the September 2016 quarter
Oct 28,2016

Tivoli Construction reported no net profit/loss in the quarter ended September 2016 and 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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JK Paper standalone net profit rises 144.90% in the September 2016 quarter
Oct 28,2016

Net profit of JK Paper rose 144.90% to Rs 43.96 crore in the quarter ended September 2016 as against Rs 17.95 crore during the previous quarter ended September 2015. Sales rose 14.35% to Rs 673.23 crore in the quarter ended September 2016 as against Rs 588.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales673.23588.77 14 OPM %19.8717.23 - PBDT92.3354.96 68 PBT62.1325.75 141 NP43.9617.95 145

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Tech Mahindra in spotlight after Q2 results
Oct 28,2016

Tech Mahindras consolidated net profit declined 19.22% to Rs 643.40 crore on 3.56% growth in income from operations to Rs 7167.41 crore in Q2 September 2016 over Q1 June 2016. The result was announced after market hours yesterday, 27 October 2016.

In dollar terms, the companys consolidated net profit declined 13.4% to $96.5 million on 6.1% growth in revenue to $1.072 billion in Q2 September 2016 over Q1 June 2016. Revenue in constant currency terms rose 5% in Q2 September 2016 over Q1 June 2016.

Vineet Nayyar, Vice Chairman, Tech Mahindra said that the companys performance during the quarter indicates that its early investments in new technologies and capabilities are starting to show result.

C P Gurnani, Managing Director & CEO, Tech Mahindra said that overall, it was a very good quarter with the growth well-supported by its key communications and enterprises businesses. The company had some marquee wins which align very well with its strategy of catering to the connected world, he said.

Bajaj Auto, Colgate-Palmolive (India), Eicher Motors, Grasim Industries, IDFC, Nestle India, NTPC and Vedanta will declare July-September 2016 quarter results today, 28 October 2016.

Wipro announced after market hours yesterday, 27 October 2016 that it has won a five-year engagement with Speciality Restaurants for offering energy management services to the latter, which would help pare energy and operational costs.

NMDC said after market hours yesterday, 27 October 2016 that it has signed a tripartite memorandum of understanding (MOU) with Government of Madhya Pradesh and Madhya Pradesh State Mining Corporation (MPSMCL) for geological & geophysical exploration of various minerals in Madhya Pradesh. NMDC had made intentions to invest during the global investors summit held in October 2016 for exploration for different minerals in various districts of Madhya Pradesh over an area of approximately 7,200 square kilometers. As per the MOU, on successful establishment of mineral blocks through this proposed exploration, NMDC would be forming a joint venture with MPSMCL with equity 51:49 (NMDC-MPSMCL) for mining of such blocks.

On a consolidated basis, net profit of JSW Steel rose 1191.25% to Rs 726.46 crore on 22.03% rise in net sales to Rs 12986.63 crore in Q2 September 2016 over Q2 September 2015. The result was announced after market hours yesterday, 27 October 2016.

Net profit of Castrol India declined 2.37% to Rs 139.80 crore on 2.84% decline in net sales to Rs 758.90 crore in Q3 September 2016 over Q3 September 2015. The result was announced after market hours yesterday, 27 October 2016.

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Cabinet approves release of instalment of DA to Central Government employees and DR to Pensioners due from 01 July 2016
Oct 27,2016

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to release an instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to Pensioners w.e.f. 01 July 2016 representing an increase of 2% of the revised Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs. 5622.10 crore per annum and in the Financial Year 2016-17 for the period of 8 months (i.e. from July 2016 to February 2017), it would be Rs.3748.06 crore. About 50.68 lakh Government employees and 54.24 lakh pensioners will be benefitted.

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Cabinet approves establishment of National Academic Depository
Oct 27,2016

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has accorded its approval for establishment and operationalisation of a National Academic Depository (NAD). The decision aims at bringing another dimension and enhancement of the vision of Digital India.

The NAD would be established and operationalised within the next three months and would be rolled out throughout the country in 2017-18.

The Finance Ministers Budget Speech of 2016-17, in February this year, incorporated this commitment to establish a Digital Depository for school learning certificates, degrees and other academic awards of Higher Education Institutions, on the pattern of a Securities Depository.

The NAD would be operationalised by NSDL Database Management (NDML) and CDSL Ventures, (CVL) - two of the wholly owned subsidiaries of the Depositories registered under Securities Exchange Board of India (SEBI) Act, 1992.

Academic institutions would be responsible for the authenticity of data digitally uploaded by them into the system. The depositories will ensure the integrity of the data in the NAD. The NAD will register educational institutions/boards/eligibility assessment bodies, students and other users/verifying entities like banks, employer companies, government agencies and academic institutions.

It will provide digital or a printed copy of the academic award with security features to the students or other authorized users. NAD will verify academic awards online on the same day of request initiated by any authorized user.

Requests for access to academic awards, for example, from potential employers, and academic institutions would be only on the basis of consent of the student.

NAD shall maintain the authenticity, integrity and confidentiality of its database. It will also train and facilitate academic institutions/boards/ eligibility assessment bodies to efficiently lodge academic awards in the database.

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PVR standalone net profit declines 18.51% in the September 2016 quarter
Oct 27,2016

Net profit of PVR declined 18.51% to Rs 26.02 crore in the quarter ended September 2016 as against Rs 31.93 crore during the previous quarter ended September 2015. Sales rose 12.81% to Rs 499.57 crore in the quarter ended September 2016 as against Rs 442.84 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales499.57442.84 13 OPM %16.9119.06 - PBDT69.9274.96 -7 PBT39.9751.98 -23 NP26.0231.93 -19

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Menon Pistons standalone net profit rises 52.86% in the September 2016 quarter
Oct 27,2016

Net profit of Menon Pistons rose 52.86% to Rs 2.14 crore in the quarter ended September 2016 as against Rs 1.40 crore during the previous quarter ended September 2015. Sales rose 6.75% to Rs 35.25 crore in the quarter ended September 2016 as against Rs 33.02 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales35.2533.02 7 OPM %13.6711.72 - PBDT4.393.24 35 PBT3.282.14 53 NP2.141.40 53

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JSW Steel standalone net profit rises 364.39% in the September 2016 quarter
Oct 27,2016

Net profit of JSW Steel rose 364.39% to Rs 671.56 crore in the quarter ended September 2016 as against Rs 144.61 crore during the previous quarter ended September 2015. Sales rose 24.75% to Rs 12041.25 crore in the quarter ended September 2016 as against Rs 9652.50 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales12041.259652.50 25 OPM %22.5717.85 - PBDT1854.501025.25 81 PBT1066.44312.25 242 NP671.56144.61 364

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Times Guaranty reports standalone net profit of Rs 0.36 crore in the September 2016 quarter
Oct 27,2016

Net profit of Times Guaranty reported to Rs 0.36 crore in the quarter ended September 2016 as against net loss of Rs 0.02 crore during the previous quarter ended September 2015. Sales reported to Rs 0.45 crore in the quarter ended September 2016. There were no Sales reported during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales0.450 0 OPM %95.560 - PBDT0.43-0.02 LP PBT0.43-0.02 LP NP0.36-0.02 LP

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Leena Consultancy reports standalone nil net profit/loss in the September 2016 quarter
Oct 27,2016

Leena Consultancy reported no net profit/loss in the quarter ended September 2016 as against net loss of Rs 0.01 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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Bajaj Finserv standalone net profit declines 43.38% in the September 2016 quarter
Oct 27,2016

Net profit of Bajaj Finserv declined 43.38% to Rs 40.69 crore in the quarter ended September 2016 as against Rs 71.86 crore during the previous quarter ended September 2015. Sales declined 29.74% to Rs 66.69 crore in the quarter ended September 2016 as against Rs 94.92 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales66.6994.92 -30 OPM %75.1484.44 - PBDT52.8682.33 -36 PBT52.5081.94 -36 NP40.6971.86 -43

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Moschip Semiconductor Technology reports standalone net profit of Rs 0.49 crore in the September 2016 quarter
Oct 27,2016

Net profit of Moschip Semiconductor Technology reported to Rs 0.49 crore in the quarter ended September 2016 as against net loss of Rs 1.92 crore during the previous quarter ended September 2015. Sales rose 416.15% to Rs 6.71 crore in the quarter ended September 2016 as against Rs 1.30 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales6.711.30 416 OPM %11.62-68.46 - PBDT0.53-1.62 LP PBT0.49-1.67 LP NP0.49-1.92 LP

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Sterlite Technologies standalone net profit declines 71.32% in the September 2016 quarter
Oct 27,2016

Net profit of Sterlite Technologies declined 71.32% to Rs 13.76 crore in the quarter ended September 2016 as against Rs 47.97 crore during the previous quarter ended September 2015. Sales declined 5.21% to Rs 498.22 crore in the quarter ended September 2016 as against Rs 525.61 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales498.22525.61 -5 OPM %15.7520.91 - PBDT51.4689.84 -43 PBT17.4267.41 -74 NP13.7647.97 -71

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