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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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Saboo Sodium Chloro to hold board meeting
Nov 07,2016

Saboo Sodium Chloro will hold a meeting of the Board of Directors of the Company on 14 November 2016 Consider, approve and take on record the Unaudited financial results of the company for the half year ended September 30, 2016.

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Vapi Enterprise to hold board meeting
Nov 07,2016

Vapi Enterprise will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider, approval of financial results of the Company for the quarter ended September 30, 2016 i.e. 2nd Quarter for F.Y.2016-17.

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Starlog Enterprises to hold board meeting
Nov 07,2016

Starlog Enterprises will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Companys Unaudited Financial Results for the quarter/half year ended on September 30, 2016.

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Sat Industries to hold board meeting
Nov 07,2016

Sat Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2016

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Magna Industries & Exports to hold board meeting
Nov 07,2016

Magna Industries & Exports will hold a meeting of the Board of Directors of the Company on 15 November 2016 to consider, approve and take on record the unaudited financial results of the company for the quarter and half year ended September 30, 2016.

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T&I Global to hold board meeting
Nov 07,2016

T&I Global will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the unaudited Financial Results of the Company for the quarter ended September 30, 2016.

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Laffans Petrochemicals to hold board meeting
Nov 07,2016

Laffans Petrochemicals will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider, approve the Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2016.

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Linear Industries to hold board meeting
Nov 07,2016

Linear Industries will hold a meeting of the Board of Directors of the Company on 16 November 2016 The Audited Financial Statement of Company for the period ended October 31, 2016 & EGM

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Innovative Tech Pack to hold board meeting
Nov 07,2016

Innovative Tech Pack will hold a meeting of the Board of Directors of the Company on 14 November 2016 . To consider and approve the standalone Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2016 along with statement of Assets & Liabilities

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Seya Industries to hold board meeting
Nov 07,2016

Seya Industries will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve Un-Audited Financial Statements of the Company for the Quarter and Half Year ended September 30, 2016.

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Indsil Hydro Power & Manganese commences production of Silico Manganese at leased unit
Nov 07,2016

Indsil Hydro Power & Manganese announced that the Company, on 07 November 2016, has commenced production of its leased unit at Garbham, Vizianagaram, Andhra Pradesh. This unit has been leased from its subsidiary, Sree Mahalakshmi Smelters.

The unit will be initially producing Silico Manganese and later on converted to produce high Carbon Ferro Chrome.

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Sagar Tourist Resorts to hold board meeting
Nov 07,2016

Sagar Tourist Resorts will hold a meeting of the Board of Directors of the Company on 14 November 2016 to consider and approve the Un-audited Financial Results for the Second Quarter and Half Year, ended September 30, 2016 for the F.Y. 2016-2017.

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Honda Siel Power hits record high after stellar Q2 earnings
Nov 07,2016

The result was announced on Saturday, 5 November 2016.

Meanwhile, the S&P BSE Sensex was up 240.97 points or 0.88% at 27,515.12.

On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 4,029 shares in the past one quarter. The stock hit a high of Rs 1,750 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,632 so far during the day. The stock had hit a 52-week low of Rs 1,075.75 on 26 February 2016. The stock had outperformed the market over the past one month till 4 November 2016, advancing 13.14% compared with 3.74% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 31.16% as against Sensexs 1.59% fall.

The small-cap company has equity capital of Rs 10.14 crore. Face value per share is Rs 10.

Honda Siel Power Products is a manufacturer of power products and is a subsidiary of Honda Motor Co. Japan.

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SEA requests the Government to initiate Market Intervention Operation to buy groundnut shell at MSP
Nov 07,2016

This year, during the current kharif season, country will be harvesting a bumper groundnut crop of about 55.0 lakh tonnes against 32.3 lakh tonnes last year. The total production of groundnut in shell as per trade estimate would be about 70.0 lakh tonnes for the current oil year against last year 45.0 Lakh tonnes. Government has fixed Minimum Support Price for groundnut in shell at Rs.4,220 per quintal, whereas due to bumper crop, the prices has already fallen below MSP and farmers are forced to sell in distress at Rs.3,700/- to Rs.3,800/- per quintal which is likely to go down further with the full arrival pressure, discouraging and disappointing the groundnut farmers.

To support the groundnut farmers, Solvent Extractors Association of India (SEA) has strongly requested the Government to initiate Market Intervention Operation (MIO) to buy groundnut shell at MSP and also allow immediately the export of groundnut oil in bulk to support the price level.

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Tata Motors gains after Jaguar Land Rover posts decent retail sales in October
Nov 07,2016

The announcement was made during market hours today, 7 November 2016.

Meanwhile, the S&P BSE Sensex was up 209.76 points or 0.77% at 27,483.91.

On BSE, so far 1.49 lakh shares were traded in the counter as against average daily volume of 7.96 lakh shares in the past one quarter. The stock hit a high of Rs 520.90 and a low of Rs 512 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016. The stock had hit a 52-week low of Rs 266 on 11 February 2016. The stock had underperformed the market over the past one month till 4 November 2016, dropping 6.78% compared with the Sensexs 3.74% fall. The scrip had, however, outperformed the market in past one quarter, gaining 2.36% as against the Sensexs 1.59% decline.

The large-cap company has equity capital of Rs 577.44 crore. Face value per share is Rs 2.

Jaguar Land Rovers retail sales rose 11% to 46,325 vehicles in October 2016 over October 2015. The company reported best ever retail sales for any October month. The months performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year on year sales growth in China and Europe.

Jaguar Land Rover delivered solid retail sales growth across the majority of key regions for October, with China up 39%, Europe up 25%, the UK and North America both up 8% but other overseas markets down 22%.

Jaguar recorded its best October ever, with retail sales jumping 93% to 14,402 vehicles in October 2016 over October 2015, reflecting the strong launch of the F-PACE and the introduction of the long-wheel base XFL in China. Land Rovers sales fell 6% to 31,923 vehicles in October 2016 over October 2015, as production of the Defender and Discovery ceased in January 2016 and August 2016 respectively. Sales of the all-new Discovery are expected to commence in Spring 2017.

Tata Motors consolidated net profit declined 57% to Rs 2260.40 crore on 10.1% rise in net sales to Rs 64940.12 crore in Q1 June 2016 over Q1 June 2015. The company will announce its Q2 results on 14 November 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British unit JLR sells premium luxury cars.

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