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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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Deepak Nitrite slips after closure of Hyderabad unit
Oct 07,2016

The announcement was made after market hours yesterday, 6 October 2016.

Meanwhile, the BSE Sensex was down 31.58 points, or 0.11%, to 28,074.63.

On BSE, so far 40,000 shares were traded in the counter, compared with average daily volume of 94,146 shares in the past one quarter. The stock hit a high of Rs 125.95 and a low of Rs 120.60 so far during the day. The stock hit a record high of Rs 134.25 on 9 September 2016. The stock hit a 52-week low of Rs 56.10 on 12 February 2016. The stock had underperformed the market over the past 30 days till 6 October 2016, rising 1.77% compared with 2.84% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 37.87% as against Sensexs 3.61% rise.

The small-cap chemicals maker has equity capital of Rs 23.26 crore. Face value per share is Rs 2.

Deepak Nitrite makes diamino stilbene disulfonic acid (DASDA) at its facility at Hyderabad and the unit for which order has been received, is a processing unit. The companys DASDA production will be affected due to the said order.

The company said it is taking all the necessary effective steps to correct the anomalies pointed out by the authorities in the manufacturing system. Efforts are being put to get the closure notice revoked within a week or so. There will not be any major impact on service to DASDA customers. The week long interruption in production shall not have any major impact on the optical brightening agents production also, as adequate inventories are available, the company added.

Net profit of Deepak Nitrite rose 407.93% to Rs 67.86 crore on 7.80% decline in net sales to Rs 310.13 crore in Q1 June 2016 over Q1 June 2015.

Deepak Nitrite is a multi-division and multi-product company with manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra and at Hyderabad in Andhra Pradesh. The companys portfolio is a wide spectrum of products with diverse applications ranging from agrochemicals, rubber, pharmaceuticals, paper, textile, detergent, colourants, petrochemicals to speciality and fine chemicals.

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Bharti Airtel to hold board meeting
Oct 07,2016

Bharti Airtel will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and take on record the Audited Financial Results for the 2nd Quarter (Q2) and half year ended on September 30, 2016 (Q2).

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Emami to hold board meeting
Oct 07,2016

Emami will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider, approve and take on record the Unaudited Financial Results of the Company for the Second Quarter ended September 30, 2016 (Q2).

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Citizen Infoline to hold board meeting
Oct 07,2016

Citizen Infoline will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider and take on record the Unaudited financial result of the Company for the Quarter ended on September 30, 2016.

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Sybly Industries to hold board meeting
Oct 07,2016

Sybly Industries will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider and approve the Unaudited Financial Results for the Second quarter ended September 30, 2016.

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P C Products India to hold board meeting
Oct 07,2016

P C Products India will hold a meeting of the Board of Directors of the Company on 13 October 2016.

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Cholamandalam Investment & Fin. Co. to hold board meeting
Oct 07,2016

Cholamandalam Investment & Fin. Co. will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider and approve the half-yearly audited financial results / quarterly limited review financial results for the period ended September 30, 2016 (Q2).

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Transcorp International to hold board meeting
Oct 07,2016

Transcorp International will hold a meeting of the Board of Directors of the Company on 25 October 2016 to consider the un-audited financial results for the quarter and six months ended September 30, 2016.

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Dhanlaxmi Bank to hold board meeting
Oct 07,2016

Dhanlaxmi Bank will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider/approve the financial results of the Bank for the quarter and half-year ended September 30, 2016.

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Harmony Capital Services to hold board meeting
Oct 07,2016

Harmony Capital Services will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider, approve and take on record the Un-audited Financial Results for the quarter ended September 30, 2016. And to appoint an Internal Auditor, Company Secretary and Key Managerial Personals of the Company.

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Piccadily Agro Industries to hold board meeting
Oct 07,2016

Piccadily Agro Industries will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider the Allotment of 47169640 Equity Shares as Bonus Shares.

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Idea Cellular procures 349.2 Mhz of spectrum
Oct 07,2016

Idea Cellular announced that the Company has procured 349.2 MHz of spectrum at an aggregate bid value of Rs. 12,798 crore. Idea hasacquired additional 2x74.6 MHz spectrum in FDD technology on 1800 and 2100 bands, and 200 MHz of capacity spectrum in TDD technology on 2300 and 2500 bands. This enables Idea to complete its mobile broadband footprint across all 22 licensed service areas in India and also equips the company with substantial capacity spectrum required for meeting data capacity needs for its ever growing 180 million customer base.

Idea is now well equipped to offer 4G services on its own spectrum across 20 service areas including 9 new service areas of Uttar Pradesh (West), Uttar Pradesh (East), Gujarat, Bihar & Jharkhand, Rajasthan, Mumbai,West Bengal, Assam and Jammu & Kashmir. Additionally, Idea has also procured 3G spectrum in Bihar & Rajasthan extending its capability to offer 3G services to 15 service areas.

Idea in this auction has expanded its spectrum portfolio by over 64%. The company has acquired an additional 35 4G LTE and 2 3G wireless broadband carriers for new coverage and capacity enhancement, primarily in its leadership markets. Idea now owns 64 broadband carriers and intends to use 47 of these carriers on 4G LTE technology covering 94% of its revenue base, and 17 carriers for 3G services. Idea broadband coverage will soon be available in all 22 service areas across the country.

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Regent Enterprises to hold board meeting
Oct 07,2016

Regent Enterprises will hold a meeting of the Board of Directors of the Company on 6 October 2016.

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Sundaram Clayton to hold board meeting
Oct 07,2016

Sundaram Clayton will hold a meeting of the Board of Directors of the Company on 3 November 2016 to consider and approve the unaudited (limited reviewed) financial results for the quarter ended September 30, 2016.

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KS Oils to hold board meeting
Oct 07,2016

KS Oils will hold a meeting of the Board of Directors of the Company on 14 October 2016 to consider, approve and take on record the Annual Audited Financial results for the Year ended March 31, 2016.

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