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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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Board of Kopran to consider Q3 results
Jan 10,2017

Kopran announced that a Meeting of the Board of Directors of the Company will be held on 07 February 2017, inter alia, to consider and approve Unaudited Standalone and Consolidated Financial Results of the Company for the Third Quarter ended on 31 December 2016.

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Yash Trading & Finance to hold board meeting for December quarter results
Jan 10,2017

Yash Trading & Finance announced that a meeting of the Board of Directors of the Company will be held on 20 January 2017, inter alia to consider and approve the Un-audited financial results along with Limited Review Report of the Company for the quarter ended 31 December 2016.

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Board of Geefcee Finance to consider December quarter results
Jan 10,2017

Geefcee Finance announced that a meeting of the Board of Directors of the Company will be held on 31 January 2017 to consider inter alia, Quarterly Financial Results of the company for the Quarter ended 31 December 2016.

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Mahanivesh (India) to announce December quarter results
Jan 10,2017

Mahanivesh (India) announced that a meeting of the Board of Directors of the Company will be held on 31 January 2017 to consider, inter alia, Quarterly Financial Results of the company for the Quarter ended 31 December 2016.

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Gujarat Hotels to hold board meeting for Q3 results
Jan 10,2017

Gujarat Hotels that a Meeting of the Board of Directors of the Company has been convened for 23 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Third Quarter ended 31 December 2016.

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Board of International Travel House to consider Q3 results
Jan 10,2017

International Travel House announced that a Meeting of the Board of Directors of the Company has been convened for 23 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Third Quarter ended 31 December 2016.

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Triveni Glass to announce December quarter results
Jan 10,2017

Triveni Glass announced that Meeting of Board of Directors of the Company will be held on 28 January 2017, to consider and adopt the un-audited financial results of the Company for the quarter ended 31 December 2016.

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Board of Berger Paints India to consider Q3 results
Jan 10,2017

Berger Paints India announced that a Meeting of the Board of Directors of the Company will be held on 10 February 2017 to consider and approve, inter-alia, the quarterly/year-to-date Unaudited Consolidated Financial Results (with Limited Review Report) of the Company for the period ended on 31 December 2016 (Q3).

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Canara Bank to announce Q3 results
Jan 10,2017

Canara Bank announced that the Board Meeting of the Bank will be held on 20 January 2017 to approve, inter-alia the Reviewed Financial Results of the Bank, for the Quarter and Nine Months ended 31 December 2016 (Q3).

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Board of L&T Finance Holdings to consider Q3 results
Jan 10,2017

L&T Finance Holdings announced that a Meeting of the Board of Directors of the Company will be held on 24 January 2017, inter alia, to consider and approve Unaudited Financial Results for the quarter and nine months ended Q3 December 2016 (Q3).

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Initiatives to Increase Non-Fare Revenue and To Promote Ease of Ticketing Through Digital Transactions Launched
Jan 10,2017

Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated the following policy initiatives viz., Policy Initiatives of Increasing Non Fare Revenue like Out of Home Advertisement, Content on demand, Branding of Trains, Non-fare Revenue Policy, ATM Policy and Initiatives promoting ease of ticketing through digital transactions (for reserved as well as unreserved passengers) here today. He also released a documentary film on Jammu Kashmir Railway Network.

Speaking on the occasion, Minister of Railways, Shri Suresh Prabhakar Prabhu said that various steps are being taken towards promoting digital transactions. He also said that new innovative ideas are brainstormed for increasing the non fare revenues of Indian Railways and many policy initiatives in Non Fare Revenue have now been taken.

Minister of State Shri Rajen Gohain said that Non Fare Revenue efforts of Indian Railways will bring in enough revenue. The cashless transaction initiatives will bring in more efficiency.

INITIATIVES TO INCREASE NON-FARE REVENUE

In pursuant of the Budget announcement, for increasing the Non Fare Revenue, Ministry of Railways has announced new policies on various initiatives within the Non-Fare Revenue space. These policies will look into different areas ranging from advertising in trains and other areas such as bridges and other assets, setting up of ATMs at platforms to digital content for passengers.

Salient Features of the Policies:

The policies are based on feedback from the key players in the industry. Some of the key inputs considered in the policies are:

Long Term Contracts-10 years

Single Point of Contact within Indian Railways - Non Fare Revenue Directorate

Credibility of Partner - including a technical and financial capability model

Transparent Process - E- Auction

Better media planning for Railway assets-Allowing zone/train/station wise packages

Key Policies:

1. Non-Fare Revenue Policy:

The objective of the policy is to allow Indian Railways to consider unsolicited proposals of earnings through Non-Fare sources

An NFR Evaluation Committee at Divisional/Zonal level shall examine need, operational and legal feasibility of the project and technical and financial capacity of the proponent

Agencies will selected on the basis of transparent tendering process via E-auction

Right of First Refusal to be offered to the proponent to match the highest bid

Indian Railways shall offer Non-Fare revenue contracts for a tenure of five years

The Non-Fare Revenue Policy shall enable private/public sector participation in conceptualization of an earning scheme

Entire exercise shall be cost-neutral to the Indian Railways

2. Out of Home Advertising Policy:

The objective of the policy is to allow monetisation of Railway Assets by means of advertising

Indian Railways had appointed RITES as consultant who appointed Ernst & Young as Professional Media Market Evaluation Agency (PMMEA)

In addition to the existing identified sites, Indian Railways shall allow advertising at areas hitherto unused, i.e., area along tracks, Road Over Bridges, Level Crossing Gates etc.

Static advertising will not be permitted in the station buildings, platforms, foot over bridges (leading to station area), etc., as it is covered in Rail Display Network

Indian Railways shall allow all forms of advertising, including digital to make the most use of advertising potential.

The advertising rights to be awarded for ten years

The advertising asset package sizes to be offered for bidding for zones/ clusters of zones, separately for Mumbai and Delhi area

The advertising assets to be offered via a transparent E-auction process

More than INR 6,000 Cr is expected to be generated by the end of the contract

3. Train Branding Policy:

The objective of this policy is to augment advertising revenue of Indian Railways by allowing internal and external advertisement

This policy will help in realizing economies of scale and give more marketing flexibility, thereby leading to higher realization of earnings for Indian Railways.

Indian Railways had appointed RITES as consultant who appointed Ernst & Young as Professional Media Market Evaluation Agency (PMMEA)

Advertisement through vinyl wrapping of train exterior (including windows of AC coaches) and inside the coaches shall be allowed

The tenure of the contract shall be 10 years.

The train branding packages sizes shall be offered for bidding in a phased manner (e.g.Rajdhani package, Shatabdi package etc.)

The advertising assets to be offered via a transparent E-auction process

More than INR 2,000 Cr is expected to be generated by the end of the contract

4. Content on Demand and Rail Radio Policy:

The objective of this policy is to allow monetization of entertainment based services on trains and stations

Entertainment services shall be provided through audio (P.A systems) and video systems (personal devices of the passengers)on trains and platforms

Provision of content such as movies, shows, educational programs shall be in both paid and unpaid formats

Indian Railways shall offer Content on Demand services contract for a tenure of ten years

The assets to be offered via a transparent E-auction process

More than INR 6,000 Cr is expected to be generated by the end of the contract

5. ATMs Policy:

The objective of this policy is to allow setting up ATMs at major stations of the Indian Railways

Indian Railways shall offer ATM on Stations contracts for a tenure of ten years

The location of the ATM shall be on end platforms or prominent space in the circulating area of the station

The assets to be offered via a transparent E-auction process

More than INR 2,500 Cr is expected to be generated by the end of the contract

INITIATIVES TO PROMOTE EASE OF TICKETING THROUGH DIGITAL TRANSACTION

Indian Railways carries about 22.3 million passengers every day segmented in reserved and unreserved (non-suburban and suburban) accommodation on trains. Daily revenue from Passenger segment is about Rs.130 crore of which Rs.80 crore is from reserved segment, Rs.42 crore from non-suburban segment and Rs.8 crore from suburban segment.

The percentage of cashless earning during the period April to November 2016 was 58% in the reserved segment, 7% in non-suburban and 4% in sub-urban. In order to promote cashless payment Indian Railways is providing Point Of Sale machines for facilitating payment by cards and promoting ticketing n++Cboth reserved and unreserved n++C through IVRS, Ticket Vending Machines installed at stations, internet and mobile applications and also providing additional cashless payment options through Wallets.

Till 9th January 2017, 2967 POS machines have been provided at around 2084 locations and it is proposed to progressively provide POS machines at all Reservation Centres (3300) starting with A1, A and B category stations (709 stations) and at suburban stations (483 stations). Important Non-suburban stations will also be provided with POS machines. The process is expected to be completed by 31st March 2017. The collection through POS machines at PRS centres is now around 3.5 - 4% of the total daily earnings at PRS.

The percentage of cashless transaction in reserved segment has increased from an average of 58% in 2015-16 to 68% at present. In the unreserved segment it has increased from 6.5% to 8%.

IRCTC Connect App

Indian Railways E-ticketing System caters to over 10 lakhs passengers daily (comprising 58 percent of total reserved passengers) who can book Railways reserved tickets without leaving their

Kennametal India to announce Q2 and HY results
Jan 10,2017

Kennametal India announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 February 2017, to consider, inter alia, the un-audited financial results of the Company for the second quarter and half year ended 31 December 2016.

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Board of Archana Software to consider December quarter results
Jan 10,2017

Archana Software announced that the meeting of the Board of Directors of the Company will be held on 30 January 2017 to consider & adopt inter-alia the Un-audited Financial Results forth quarter 31 December 2016 along-with other agenda if any arise.

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Peoples Investment to announce Q3 and 9M results
Jan 10,2017

Peoples Investment announced that a Meeting of the Board of Directors of the Company is scheduled to be held on 23 January 2017, inter alia, to consider, approve and take on record the unaudited financial results of the Company for the quarter and nine months ended on 31 December 2016.

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Rajshree Sugars & Chemicals December quarter results to be declared
Jan 10,2017

Rajshree Sugars & Chemicals announced that a meeting of the Board of Directors of the Company is scheduled to be held on 02 February 2017 to consider among other things, the unaudited financial results of the Company for the quarter ended 31 December 2016.

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