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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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Triton Valves standalone net profit rises 23.47% in the September 2016 quarter
Oct 21,2016

Net profit of Triton Valves rose 23.47% to Rs 2.63 crore in the quarter ended September 2016 as against Rs 2.13 crore during the previous quarter ended September 2015. Sales rose 11.69% to Rs 47.68 crore in the quarter ended September 2016 as against Rs 42.69 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales47.6842.69 12 OPM %16.3214.20 - PBDT7.084.74 49 PBT4.552.67 70 NP2.632.13 23

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Tata Sponge Iron consolidated net profit rises 181.75% in the September 2016 quarter
Oct 21,2016

Net profit of Tata Sponge Iron rose 181.75% to Rs 16.06 crore in the quarter ended September 2016 as against Rs 5.70 crore during the previous quarter ended September 2015. Sales declined 8.41% to Rs 138.03 crore in the quarter ended September 2016 as against Rs 150.71 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales138.03150.71 -8 OPM %12.270.82 - PBDT25.649.82 161 PBT22.386.59 240 NP16.065.70 182

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RPG Life Sciences standalone net profit rises 300.39% in the September 2016 quarter
Oct 21,2016

Net profit of RPG Life Sciences rose 300.39% to Rs 10.25 crore in the quarter ended September 2016 as against Rs 2.56 crore during the previous quarter ended September 2015. Sales rose 13.66% to Rs 76.38 crore in the quarter ended September 2016 as against Rs 67.20 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales76.3867.20 14 OPM %8.738.15 - PBDT6.675.18 29 PBT4.282.56 67 NP10.252.56 300

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Bhageria Industries standalone net profit rises 584.44% in the September 2016 quarter
Oct 21,2016

Net profit of Bhageria Industries rose 584.44% to Rs 17.59 crore in the quarter ended September 2016 as against Rs 2.57 crore during the previous quarter ended September 2015. Sales rose 22.23% to Rs 85.43 crore in the quarter ended September 2016 as against Rs 69.89 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales85.4369.89 22 OPM %24.147.00 - PBDT25.554.78 435 PBT24.743.94 528 NP17.592.57 584

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Oberoi Realty consolidated net profit rises 12.45% in the September 2016 quarter
Oct 21,2016

Net profit of Oberoi Realty rose 12.45% to Rs 83.72 crore in the quarter ended September 2016 as against Rs 74.45 crore during the previous quarter ended September 2015. Sales rose 32.62% to Rs 250.85 crore in the quarter ended September 2016 as against Rs 189.15 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales250.85189.15 33 OPM %50.1558.54 - PBDT137.20121.96 12 PBT124.76109.72 14 NP83.7274.45 12

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Cairn India consolidated net profit rises 139.16% in the September 2016 quarter
Oct 21,2016

Net profit of Cairn India rose 139.16% to Rs 778.70 crore in the quarter ended September 2016 as against Rs 325.60 crore during the previous quarter ended September 2015. Sales declined 9.08% to Rs 2038.59 crore in the quarter ended September 2016 as against Rs 2242.14 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2038.592242.14 -9 OPM %50.9743.40 - PBDT1619.151280.93 26 PBT837.33379.20 121 NP778.70325.60 139

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3i Infotech reports consolidated net profit of Rs 21.58 crore in the September 2016 quarter
Oct 21,2016

Net profit of 3i Infotech reported to Rs 21.58 crore in the quarter ended September 2016 as against net loss of Rs 105.33 crore during the previous quarter ended September 2015. Sales declined 16.29% to Rs 245.14 crore in the quarter ended September 2016 as against Rs 292.85 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales245.14292.85 -16 OPM %12.504.55 - PBDT25.64-41.55 LP PBT22.11-91.20 LP NP21.58-105.33 LP

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Mindtree consolidated net profit declines 37.14% in the September 2016 quarter
Oct 21,2016

Net profit of Mindtree declined 37.14% to Rs 94.80 crore in the quarter ended September 2016 as against Rs 150.80 crore during the previous quarter ended September 2015. Sales rose 11.13% to Rs 1295.40 crore in the quarter ended September 2016 as against Rs 1165.70 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1295.401165.70 11 OPM %12.5118.83 - PBDT174.40238.20 -27 PBT128.10197.30 -35 NP94.80150.80 -37

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Oberoi Realty standalone net profit rises 26.71% in the September 2016 quarter
Oct 21,2016

Net profit of Oberoi Realty rose 26.71% to Rs 70.82 crore in the quarter ended September 2016 as against Rs 55.89 crore during the previous quarter ended September 2015. Sales rose 38.68% to Rs 194.28 crore in the quarter ended September 2016 as against Rs 140.09 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales194.28140.09 39 OPM %50.9660.60 - PBDT115.7493.00 24 PBT105.1282.46 27 NP70.8255.89 27

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3i Infotech reports standalone net profit of Rs 14.25 crore in the September 2016 quarter
Oct 21,2016

Net profit of 3i Infotech reported to Rs 14.25 crore in the quarter ended September 2016 as against net loss of Rs 110.60 crore during the previous quarter ended September 2015. Sales declined 33.48% to Rs 55.93 crore in the quarter ended September 2016 as against Rs 84.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales55.9384.08 -33 OPM %39.53-23.47 - PBDT15.98-66.13 LP PBT14.44-118.01 LP NP14.25-110.60 LP

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Mindtree standalone net profit declines 22.17% in the September 2016 quarter
Oct 21,2016

Net profit of Mindtree declined 22.17% to Rs 114.10 crore in the quarter ended September 2016 as against Rs 146.60 crore during the previous quarter ended September 2015. Sales rose 10.60% to Rs 1177.40 crore in the quarter ended September 2016 as against Rs 1064.60 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1177.401064.60 11 OPM %14.3219.30 - PBDT180.30223.80 -19 PBT147.20192.30 -23 NP114.10146.60 -22

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Optimus Finance reports standalone net profit of Rs 0.19 crore in the September 2016 quarter
Oct 21,2016

Net profit of Optimus Finance reported to Rs 0.19 crore in the quarter ended September 2016 as against net loss of Rs 0.04 crore during the previous quarter ended September 2015. Sales rose 1340.00% to Rs 1.44 crore in the quarter ended September 2016 as against Rs 0.10 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1.440.10 1340 OPM %14.5810.00 - PBDT0.190.01 1800 PBT0.190.01 1800 NP0.19-0.04 LP

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Wipro consolidated net profit declines 7.61% in the September 2016 quarter
Oct 21,2016

Net profit of Wipro declined 7.61% to Rs 2070.40 crore in the quarter ended September 2016 as against Rs 2241.00 crore during the previous quarter ended September 2015. Sales rose 10.58% to Rs 13896.80 crore in the quarter ended September 2016 as against Rs 12566.80 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales13896.8012566.80 11 OPM %20.0422.10 - PBDT3152.803250.70 -3 PBT2668.102897.90 -8 NP2070.402241.00 -8

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Bombay Wire Ropes reports standalone net loss of Rs 0.05 crore in the September 2016 quarter
Oct 21,2016

Net Loss of Bombay Wire Ropes reported to Rs 0.05 crore in the quarter ended September 2016 as against net loss of Rs 0.05 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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NABARD sanctions Rs 19702 crore loan to NWDA for 50 irrigation projects under Long Term Irrigation Fund (LTIF)
Oct 21,2016

As a sequel to the path breaking initiative announced by Hon ble Union Finance Minister Shri. Arun Jaitley in his Budget speech 2016-17 to set up Long Term Irrigation Fund (LTIF) in National Bank for Agriculture and Rural Development (NABARD), NABARD has sanctioned a loan of Rs 19,702 crore to National Water Development Agency (NWDA), the agency of Ministry of Water Resources, RD & GR, towards central government share in 50 identified irrigation projects from 11 states. This would help create additional irrigation potential of 39.14 lakh hectares under these projects in 11 states.

NABARD handed over the sanction letter of loan amounting to Rs 19,702 crore and a cheque for Rs 1,500 crore towards first instalment of loan disbursement to NWDA Top officials of the Government of India and Directors of the Board of NABARD were present on the occasion.

Loan released by NABARD to NWDA would be disbursed to the respective State Governments as central share in the projects sanctioned.

Speaking on the occasion, Shri Arun Jaitley said that this development was a part of the vision of Honble Prime Minister to double farmers income by 2022, for which providing assured irrigation to farmers was one of the important prerequisites. The loan towards the central share of assistance to state governments will ensure front loading of resources so that the identified incomplete irrigation projects under Pradhan Mandtri Krishi Sinchai Yojna [PMKSY] are executed in time. He further stated that this unique initiative would help complete not only the irrigation structures but also the Command Area Development works which are central to ensuring full utilization of irrigation potential created. He highlighted that the initiative would bring additional 76 lakh ha area under irrigation and to a great extent mitigate water scarcity and drought situations in project areas. He appreciated the initiative of the Ministry of Water Resources, River Development & Ganga Rejuvenation and NABARD and indicated that Ministry of Finance is committed to support this endeavor. He advised the agencies to undertake very close monitoring of the progress of work to ensure timely completion of projects.

Sushree Uma Bharati, Hon ble Minister of Water Resources, River Development and Ganaga Rejuvenation said that she was commited to ensure that the project works are completed by the state governments as scheduled and exhorted them to complete the required formalities in time. She shared the vision of Honble Prime Minister to ensure Har Khet ko Paani and n++Per drop more cropn++ which the Ministry is endeavoring to translate into reality. She emphasized that the irrigation potential would be enhanced through participation of farmers. She also highlighted a strong monitoring mechanism put in place to ensure that the money is effectively utilized.

Dr Harsh Kumar Bhanwala, Chairman, NABARD said that besides supporting the central share component, NABARD would also be extending 15 year loan support to the willing state governments at reasonable rate of interest to meet their share in the identified irrigation projects. The total fund requirement is expected to be of the order of Rs 78, 535 crore in the next four years up to 2020, with the shares of the central and state governments at Rs 31,342 crore and Rs 46,253 crore, respectively. He said that through LTIF the irrigation potential in the country was expected to go up by 11.50 % in the next four years.

Shri Shashi Shekhar, Secretary, Ministry of Water Resources, River Development and Ganaga Rejuvenation informed that the programme will be implemented in a Mission mode and the ministry was gearing up for very close monitoring of this massive programme.

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