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Tata Investment Corporation standalone net profit declines 47.49% in the March 2017 quarter
May 25,2017

Net profit of Tata Investment Corporation declined 47.49% to Rs 16.12 crore in the quarter ended March 2017 as against Rs 30.70 crore during the previous quarter ended March 2016. Sales declined 8.67% to Rs 35.83 crore in the quarter ended March 2017 as against Rs 39.23 crore during the previous quarter ended March 2016.

For the full year,net profit declined 0.11% to Rs 202.38 crore in the year ended March 2017 as against Rs 202.61 crore during the previous year ended March 2016. Sales rose 7.68% to Rs 271.27 crore in the year ended March 2017 as against Rs 251.92 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales35.8339.23 -9 271.27251.92 8 OPM %50.3887.28 -88.5192.95 - PBDT18.0734.24 -47 240.19234.33 3 PBT18.0234.21 -47 240.08234.22 3 NP16.1230.70 -47 202.38202.61 0

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Emkay Global Financial Services standalone net profit declines 47.29% in the March 2017 quarter
May 25,2017

Net profit of Emkay Global Financial Services declined 47.29% to Rs 1.46 crore in the quarter ended March 2017 as against Rs 2.77 crore during the previous quarter ended March 2016. Sales rose 18.76% to Rs 27.92 crore in the quarter ended March 2017 as against Rs 23.51 crore during the previous quarter ended March 2016.

For the full year,net profit declined 52.91% to Rs 4.62 crore in the year ended March 2017 as against Rs 9.81 crore during the previous year ended March 2016. Sales rose 1.59% to Rs 93.80 crore in the year ended March 2017 as against Rs 92.33 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales27.9223.51 19 93.8092.33 2 OPM %21.9215.57 -15.2217.20 - PBDT7.774.29 81 14.8716.53 -10 PBT6.453.32 94 10.8412.96 -16 NP1.462.77 -47 4.629.81 -53

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Asian Star Company standalone net profit rises 39.18% in the March 2017 quarter
May 25,2017

Net profit of Asian Star Company rose 39.18% to Rs 15.24 crore in the quarter ended March 2017 as against Rs 10.95 crore during the previous quarter ended March 2016. Sales rose 7.15% to Rs 834.60 crore in the quarter ended March 2017 as against Rs 778.89 crore during the previous quarter ended March 2016.

For the full year,net profit rose 10.76% to Rs 44.48 crore in the year ended March 2017 as against Rs 40.16 crore during the previous year ended March 2016. Sales rose 13.65% to Rs 2696.52 crore in the year ended March 2017 as against Rs 2372.62 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales834.60778.89 7 2696.522372.62 14 OPM %3.523.03 -3.693.72 - PBDT26.2517.68 48 83.1570.90 17 PBT22.0014.10 56 67.4656.68 19 NP15.2410.95 39 44.4840.16 11

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Indbank Merchant Banking Services reports standalone net profit of Rs 1.04 crore in the March 2017 quarter
May 25,2017

Net profit of Indbank Merchant Banking Services reported to Rs 1.04 crore in the quarter ended March 2017 as against net loss of Rs 0.27 crore during the previous quarter ended March 2016. Sales rose 45.96% to Rs 2.35 crore in the quarter ended March 2017 as against Rs 1.61 crore during the previous quarter ended March 2016.

For the full year,net profit rose 92.39% to Rs 5.31 crore in the year ended March 2017 as against Rs 2.76 crore during the previous year ended March 2016. Sales rose 27.96% to Rs 9.20 crore in the year ended March 2017 as against Rs 7.19 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales2.351.61 46 9.207.19 28 OPM %34.89-16.77 -38.2620.17 - PBDT1.160.24 383 6.193.77 64 PBT1.030.11 836 5.663.17 79 NP1.04-0.27 LP 5.312.76 92

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AGC Networks reports standalone net loss of Rs 0.05 crore in the March 2017 quarter
May 25,2017

Net Loss of AGC Networks reported to Rs 0.05 crore in the quarter ended March 2017 as against net loss of Rs 16.78 crore during the previous quarter ended March 2016. Sales declined 26.35% to Rs 55.99 crore in the quarter ended March 2017 as against Rs 76.02 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 14.52 crore in the year ended March 2017 as against net loss of Rs 36.71 crore during the previous year ended March 2016. Sales declined 23.60% to Rs 238.95 crore in the year ended March 2017 as against Rs 312.78 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales55.9976.02 -26 238.95312.78 -24 OPM %4.39-13.59 --2.54-5.07 - PBDT0.43-15.51 LP -21.63-33.12 35 PBT-0.05-16.78 100 -24.02-38.35 37 NP-0.05-16.78 100 -14.52-36.71 60

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Zee Media Corporation consolidated net profit declines 75.93% in the March 2017 quarter
May 25,2017

Net profit of Zee Media Corporation declined 75.93% to Rs 4.47 crore in the quarter ended March 2017 as against Rs 18.57 crore during the previous quarter ended March 2016. Sales rose 17.48% to Rs 159.96 crore in the quarter ended March 2017 as against Rs 136.16 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 19.70 crore in the year ended March 2017 as against net loss of Rs 8.47 crore during the previous year ended March 2016. Sales rose 1.35% to Rs 550.28 crore in the year ended March 2017 as against Rs 542.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales159.96136.16 17 550.28542.96 1 OPM %15.2025.39 -11.8814.50 - PBDT21.0934.58 -39 38.5048.68 -21 PBT11.0924.97 -56 -2.032.11 PL NP4.4718.57 -76 -19.70-8.47 -133

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Dhanvarsha Finvest reports standalone net loss of Rs 0.22 crore in the March 2017 quarter
May 25,2017

Net loss of Dhanvarsha Finvest reported to Rs 0.22 crore in the quarter ended March 2017 as against net profit of Rs 0.13 crore during the previous quarter ended March 2016. Sales declined 86.21% to Rs 0.08 crore in the quarter ended March 2017 as against Rs 0.58 crore during the previous quarter ended March 2016.

For the full year,net profit declined 75.00% to Rs 0.02 crore in the year ended March 2017 as against Rs 0.08 crore during the previous year ended March 2016. Sales declined 43.65% to Rs 1.02 crore in the year ended March 2017 as against Rs 1.81 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.080.58 -86 1.021.81 -44 OPM %-262.5029.31 -3.926.63 - PBDT-0.210.17 PL 0.040.12 -67 PBT-0.220.17 PL 0.030.12 -75 NP-0.220.13 PL 0.020.08 -75

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Zee Media Corporation standalone net profit rises 9.55% in the March 2017 quarter
May 25,2017

Net profit of Zee Media Corporation rose 9.55% to Rs 16.29 crore in the quarter ended March 2017 as against Rs 14.87 crore during the previous quarter ended March 2016. Sales rose 23.29% to Rs 117.27 crore in the quarter ended March 2017 as against Rs 95.12 crore during the previous quarter ended March 2016.

For the full year,net profit rose 72.47% to Rs 38.15 crore in the year ended March 2017 as against Rs 22.12 crore during the previous year ended March 2016. Sales rose 1.68% to Rs 390.07 crore in the year ended March 2017 as against Rs 383.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales117.2795.12 23 390.07383.61 2 OPM %25.9729.52 -20.5515.15 - PBDT32.3827.56 17 80.6059.26 36 PBT25.5822.04 16 54.1732.22 68 NP16.2914.87 10 38.1522.12 72

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Wellesley Corporation reports standalone nil net profit/loss in the March 2017 quarter
May 25,2017

Wellesley Corporation reported no net profit/loss in the quarter ended March 2017 as against net profit of Rs 0.02 crore during the previous quarter ended March 2016. Sales rose 100.00% to Rs 0.02 crore in the quarter ended March 2017 as against Rs 0.01 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.07 crore in the year ended March 2017 as against net loss of Rs 0.07 crore during the previous year ended March 2016. Sales declined 70.59% to Rs 0.10 crore in the year ended March 2017 as against Rs 0.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.020.01 100 0.100.34 -71 OPM %-150.00-100.00 --120.00-32.35 - PBDT-0.03-0.01 -200 -0.10-0.10 0 PBT-0.03-0.01 -200 -0.10-0.10 0 NP00.02 -100 -0.07-0.07 0

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Ekam Leasing And Finance Co reports standalone net loss of Rs 0.15 crore in the March 2017 quarter
May 25,2017

Net loss of Ekam Leasing And Finance Co reported to Rs 0.15 crore in the quarter ended March 2017 as against net profit of Rs 0.14 crore during the previous quarter ended March 2016. Sales declined 66.67% to Rs 0.09 crore in the quarter ended March 2017 as against Rs 0.27 crore during the previous quarter ended March 2016.

For the full year,net profit declined 16.13% to Rs 0.26 crore in the year ended March 2017 as against Rs 0.31 crore during the previous year ended March 2016. Sales rose 2.50% to Rs 1.23 crore in the year ended March 2017 as against Rs 1.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales0.090.27 -67 1.231.20 3 OPM %33.33103.70 -86.1888.33 - PBDT-0.090.09 PL 0.320.39 -18 PBT-0.090.09 PL 0.320.39 -18 NP-0.150.14 PL 0.260.31 -16

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ADCC Infocad standalone net profit rises 36.46% in the March 2017 quarter
May 25,2017

Net profit of ADCC Infocad rose 36.46% to Rs 5.24 crore in the quarter ended March 2017 as against Rs 3.84 crore during the previous quarter ended March 2016. Sales rose 15.38% to Rs 84.87 crore in the quarter ended March 2017 as against Rs 73.56 crore during the previous quarter ended March 2016.

For the full year,net profit rose 44.47% to Rs 10.72 crore in the year ended March 2017 as against Rs 7.42 crore during the previous year ended March 2016. Sales rose 28.36% to Rs 160.52 crore in the year ended March 2017 as against Rs 125.05 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales84.8773.56 15 160.52125.05 28 OPM %20.3420.12 -20.8620.28 - PBDT9.798.31 18 19.4815.10 29 PBT7.956.82 17 15.9112.21 30 NP5.243.84 36 10.727.42 44

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Weizmann Forex standalone net profit rises 110.28% in the March 2017 quarter
May 25,2017

Net profit of Weizmann Forex rose 110.28% to Rs 10.64 crore in the quarter ended March 2017 as against Rs 5.06 crore during the previous quarter ended March 2016. Sales rose 26.10% to Rs 1406.26 crore in the quarter ended March 2017 as against Rs 1115.23 crore during the previous quarter ended March 2016.

For the full year,net profit rose 5.21% to Rs 23.01 crore in the year ended March 2017 as against Rs 21.87 crore during the previous year ended March 2016. Sales rose 25.27% to Rs 5981.40 crore in the year ended March 2017 as against Rs 4774.87 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales1406.261115.23 26 5981.404774.87 25 OPM %1.350.68 -0.800.90 - PBDT18.348.77 109 42.6939.79 7 PBT17.307.49 131 38.1235.09 9 NP10.645.06 110 23.0121.87 5

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Bartronics India reports standalone net loss of Rs 25.33 crore in the March 2017 quarter
May 25,2017

Net Loss of Bartronics India reported to Rs 25.33 crore in the quarter ended March 2017 as against net loss of Rs 5.18 crore during the previous quarter ended March 2016. Sales rose 29.58% to Rs 18.31 crore in the quarter ended March 2017 as against Rs 14.13 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 58.06 crore in the year ended March 2017 as against net loss of Rs 33.18 crore during the previous year ended March 2016. Sales rose 68.97% to Rs 72.59 crore in the year ended March 2017 as against Rs 42.96 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales18.3114.13 30 72.5942.96 69 OPM %31.2948.76 -13.9124.19 - PBDT-23.20-5.90 -293 -48.85-24.23 -102 PBT-24.70-7.42 -233 -54.92-35.39 -55 NP-25.33-5.18 -389 -58.06-33.18 -75

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Tirupati Starch & Chemicals standalone net profit declines 19.11% in the March 2017 quarter
May 25,2017

Net profit of Tirupati Starch & Chemicals declined 19.11% to Rs 3.47 crore in the quarter ended March 2017 as against Rs 4.29 crore during the previous quarter ended March 2016. Sales rose 7.92% to Rs 47.30 crore in the quarter ended March 2017 as against Rs 43.83 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 1.24 crore in the year ended March 2017 as against net loss of Rs 1.51 crore during the previous year ended March 2016. Sales rose 10.70% to Rs 174.68 crore in the year ended March 2017 as against Rs 157.79 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear Endedn++Mar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var. Sales47.3043.83 8 174.68157.79 11 OPM %7.918.67 -4.383.46 - PBDT3.600.12 2900 3.83-0.13 LP PBT2.401.18 103 -0.75-4.62 84 NP3.474.29 -19 1.24-1.51 LP

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Cabinet approves transfer of property of Hotel Janpath, New Delhi to Ministry of Urban Development
May 25,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its In Principle approval to transfer the property of Hotel Janpath, New Delhi to Ministry of Urban Development.

Hotel Janpath is located in a prime central location of the city. The property can be considered for construction of Government offices and similar purposes which would save government funds spent in hiring of government offices.

Details of implementation of the project, land usages, etc. would be taken subsequently by a Committee of Secretaries to be constituted under the chairmanship of Cabinet Secretary.

The building of Hotel Janpath has to undergo major rehabilitation work since the building structure of Hotel Janpath has been found to be unserviceable, in distressed condition and deficit in the context of seismic requirements, according to the inspection report of IIT Roorkee.

Background:

The Government of India has initiated the process of disinvestment of hotels / properties of the India Tourism Development Corporation Ltd. (ITDC). The decision on disinvestment-has been made, keeping in view that running and managing hotels on professional lines is not the work of the Government or its entities.

As part of the disinvestment policy, it has been decided to lease/sub-lease the hotels / properties jointly with the concerned States or return the properties to the States, after fair valuation. The States would then, have the option to upgrade and operate the Motels by involving the private sector or to utilize the properties as per their requirements. States have exercised their options accordingly, in each case going forward with, the option best suited to their needs.

In the first stage of the disinvestment process, it was decided to disinvest three hotels, viz. Hotel Lake View Ashok, Bhopal, Hotel Brahmaputra Ashok, Guwahati and Hotel Bharatpur Ashok. Hotel Janpath, New Delhi is next in the list.

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