Trending Now
News
- All
- Agencies
- Appointment
- Authors
- Automobiles
- Awards
- Banking & Finance
- Book Review
- Budget
- Business
- Business News
- Business Services
- Buy & Sell Classifieds
- Chemicals
- Classifieds
- Classifieds_Bottom_300x250
- Consultants
- CRM
- E-Magazine
- Editorial
- Electrical Equipment
- Entrepreneurs
- Event
- Export
- Extras
- Fashion
- Featured
- Featured on
- Financial Results
- Food and Beverage
- Gallery
- General
- Industries
- Infrastructure
- Insurance
- Interior
- International
- Investments
- Jewelry
- Jobs
- Latest
- Leaders
- Leather Products
- Legal
- Leisure
- Loans
- Manufacturing
- Marketing & Branding
- Media Partner
- MSME News
- National
- New Launches
- News
- Organisations
- Packaging
- People
- Power and Energy
- Professionals
- Real Estate
- Research
- Services
- Services(D)
- SMBS News
- SME Awards
- SME Listing
- SME News
- SME Updates
- Spotlight
- Suppliers
- Technology
- Tenders
- Textile
- Training
- Travel
- Women Achievers
More
Cyient Completes Acquisition of BlomAerofilms Ltd.
The acquisition of Blom Aerofilms Ltd brings complimentary skills to strengthen Cyient’s end to end geospatial solutions in line with its S3 strategy. New...
Pearson invests in an education technology company to advance learning through...
Global learning leader focuses on increasing access to quality affordable education in India
Bangalore, May 22, 2014: Pearson , the World’s leading learning company, has...
Awards
Shriram Automall India Limited bags Two Prestigious Awards At Transportation Leadership Awards, ELSC 2015
New Delhi, Oct 17, 2015: Shriram Automall India Limited (SAMIL) has bagged two prestigious awards at...
Building on ‘Make in India’, CEAMA Projects Electronics Industry to Grow to US $125 Billion by 2017
New Delhi, Dec 13, 2014: CEAMA also felicitated Mr. Soon Kwon, Managing Director, LG Electronics India,...
Intex Honoured with Extraordinaire Awards by Times Now
Bags the Extraordinaire awards for “Brand” and “The Dynamic Young Leader”
New Delhi, December 07, 2016: Intex...
Appointments
Sanjeev Mohanty takes over as CEO & MD at Jabong
New Delhi, December 28, 2015: Mr Sanjeev Mohanty has taken over the reins of India's...
Jabong strengthens leadership with new CEO
New Delhi, November 06, 2015: India’s leading online fashion marketplace, Jabong, has announced that it...
Ashish Singhal of CoinSwitch & Sumit Gupta of CoinDCX Appointed Co-Chairs of IAMAI’s Crypto Council
New Delhi, November 06, 2021: The Blockchain and Crypto Assets Council (BACC), a part of IAMAI whose...
New Launches
NETGEAR to Accelerate Wi-Fi 6 Implementation in India with the launch of Nighthawk RAX50
~ The launch aims to accelerate greater Wi-Fi 6 adoption with greater flexibility ~
New Delhi, December 28, 2020: With the broadest range of Wi-Fi...
Samsung expands frontiers with the launch of Galaxy Note5 Dual SIM
An ultimate productivity enhancer for frequent travellers and multi-taskers
New Delhi, January 21, 2016: Samsung Electronics today announced the launch of the Dual SIM edition...
Mr. Right Launches ‘Elite Fleet’ Pilot Program with Mobile App for Home Service Professionals
New Delhi, May 15, 2015In what can be a game changer in standardizing the unstructured and haphazard local home services marketplace, Mr. Right, a...
Banking & Finance
Global Space to provide Self-Service Kiosk to India`s Leading Bank
New Delhi, January 03, 2017: Solution GlobalSpace provided them with the solution of self-service or SPEED BANKING KIOSK. Immersed in digital technology this KIOSK was...
Tube Investments Of India Ltd Standalone operating Pbtup By 8%
Chennai, May 12, 2018: The Board of Directors of Tube
Investments of India Limited (TII) met today and approvedthe financial
results for the quarterand yearended 31stMarch2018. The Board has
recommended a final dividend of Rs. 0.50 per share for the year ended
31st March 2018. The Board had declared an interim dividend of Rs. 1.25
per share which was paid to the shareholders in February 2018.
STANDALONE RESULTS
For the year 2017-18, TII’s Revenuewas higher by 12%at Rs. 4598 Cr. as
against Rs. 4109 Cr. (net of excise duty) in the previous year. The
profit before tax and exceptional items for the year was at Rs. 218 Cr.
as against Rs. 202 Cr. in the previous year, registering a growth of 8%.
Despite slowdown in Bi-cycles sales, strong growth in Auto sector helped
the Company.
TII’sRevenue for the quarterwasat Rs. 1116Cr. as againstRs. 1090Cr.
(net of excise duty)in the correspondingquarterof the previous year. The
profit before tax and exceptional items for the quarter was atRs. 49Cr. as
againstRs. 42Cr. in the corresponding quarter of the previous year,
registering a growth of 18%.
The results have considered an impairment provision of Rs. 25.25 Cr.
pertaining to its Joint ventures, considering the current performance
and future outlook.
REVIEW OF BUSINESSES
ENGINEERING
Indomestic tubes, we continue to improve our market share through better
quality and service. The sales of Large Diameter Tubesrecorded a growth
of 70% through better efficiency and throughput.Engineering division has
registered revenue growth of 24% (net of excise duty) during the year
and Profit before interest and tax for the year was Rs. 175 Cr. as
against Rs. 146 Cr. in the previous year, a growth of 20%.
This division has registered revenue growth of 27% (net of excise duty)
during the quarter, aided by growth in domestic sales of Tubes. Profit
before interest and tax for the quarter was Rs. 46 Cr. as against Rs. 25
Cr. in the corresponding quarter of the previous year.
CYCLES AND ACCESSORIES
The Market condition of the Bicycles segment continues to be difficult.
Trade volumes declined by 10%. The division’s sales in Institution
segment have offset, to some extent, the drop in trade segment. Premium
Cycles Segment grew by 29%. This division continues to pursue aggressive
cost reduction measures to mitigate the drop in volumes. The revenueof
this segment droppedby3% (net of excise duty) during the year. Profit
before interest and tax for the year was Rs. 0.33 Cr. as against Rs. 36
Cr. in the previous year.
This division has registered a revenue dropof 40% (net of excise duty)
during the quarter.Lossbefore interest and tax for the quarter
wasRs.20Cr. as against the profit ofRs. 6Cr. in the corresponding
quarterofthe previous year.
METAL FORMED PRODUCTS
Revenue of this division, with a product range of doorframes, chains and
fine banking products catering to Auto sector, registered a growth of
11% (net of excise duty) during the year and Profit before interest and
tax for the year was Rs. 102 Cr. as against Rs. 88 Cr. in the previous
year, a growth of 16%.
This division has registered revenue growth of 18% (net of excise
duty)during the quarter compared with corresponding quarter in the
previous year. Profit before interest and tax for the quarter wasRs.
28Cr. as againstRs. 20Cr. in the correspondingquarterof the previous
year.
CONSOLIDATED RESULTS
For the year 2017-18, TII has recorded revenue of Rs. 5027 Cr. as
against Rs. 4493 Cr. (net of excise duty) in the previous year,
registering a growth of 12%. TII achieved consolidated Profit aftertax
of Rs. 156 Cr. as against Rs. 174 Cr. in the Previous Year.
Shanthi Gears Ltd., a subsidiary company in the industrial gears
business, in which the Company holds 70.12% stake, registered a revenue
growth of 16% (net of excise duty) for the year compared with the
previous year. The revenue for the year was Rs. 214 Cr. as against Rs.
184 Cr. in the previous year. Profitafter tax for the year was at Rs.
29 Cr. as against Rs. 23 Cr.in the previous year, registering a growth
of 27%.
Corporate Comm India(CCI newswire)
Max Life Records Strong Profitable Growth – Value of New Business (VNB) up 42%...
Individual APE up by 26% to Rs. 1,405 crore
Assets Under Management up by 17% to Rs. 56,070 crore
Sum Assured in Force...
MySIPonline Quakes the Market by Sparking “Be an Intelligent Investor” Campaign
New Delhi, January 11, 2019: The mutual fund market is an ocean filled with opportunities. However, the tools to catch a big fish are...
Post-Budget Expectation – Tamaal Roy, CEO, Biomatiques Identification Solutions Pvt. Ltd.
New Delhi, February 04, 2017: "The Union Budget 2017 is a significant move to push digital payments. The biggest highlight from the technology perspective is...
Market
SME News
“Women in Management Positions: Continental Executive Board Sets Target for 2025”
Hanover, March 21, 2019: Continental aims to increase the proportion of women in the first two management levels worldwide to 25 percent by 2025,...
Leather Products
Training
Greycells Education FY’ 14-15 consolidated PAT grows from Rs. 57.G8 lakhs...
Mumbai, May 16, 2015: Greycells Education Ltd., India's leading education company providing vocational training in India and Dubai, announced its audited standalone and consolidated...
Lasa & ICT explore Favipiravir therapy to fight COVID 19
Chennai, March 18, 2020: API major, Lasa Supergenerics Ltd In collaboration with the Institute of Chemical Technology (ICT) recently announced commencement for the Development of...
Budget
Union Budget 2020 reaction from Mr. Rajan Sharma, Founder & CEO,...
New Delhi, February 01, 2020: “This is a very strong Budget in terms of focus on fundamentals. It has focused on agriculture, simplifying tax...
Export
India’s Foreign Trade: December 2017
MERCHANDISE TRADE
New Delhi, January 19, 2018: EXPORTS (including re-exports)
Exports during December 2017 have exhibited positive growth of 12.36 per cent in dollar...
GST Council Meet LIVE: Eating Out to Get Cheaper; Relief for...
New Delhi, October 08, 2017: Eating out is set to become cheaper with the GST council in-principle agreeing to reduce the GST rate from...
Loans
RetailLending.com – The online platform aims to help its customers secure...
Bangalore February 7, 2014:- With a vision to be recognized as the leading advisory and solutions provider for home loans in India, RetailLending.com is...
Jewellery
LATEST ARTICLES
BIWIN launches Gen4 High-Performance Acer MA 200 mini-SSD
Acer MA200 PCIe SSD redefines portable gaming and ultra-thin laptops with its storage excellence.
New Delhi, April 23, 2024: BIWIN Storage Technology (BIWIN), one of the leaders in the global manufacture of flash storage devices,...
Suzuki Motorcycle India reaches 8-million-unit milestone in cumulative two-wheeler production
Celebrating this achievement, SMIPL announces special sales & service offers for its customers.
Gurgaon, April 22, 2024: Creating another milestone, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today...
Samsung Launches 2024 Crystal 4K Vivid, Crystal 4K Vision Pro & Crystal 4K Vivid...
The 2024 Crystal 4K TV series comes with 4K Upscaling, Crystal Processor 4K and SolarCell Remote
Gurugram, April 15, 2024: Samsung, India’s largest consumer electronics brand, today launched the Crystal 4K Vivid, Crystal 4K Vision Pro...
Secureye felicitates winners of Secondary Partners Scheme in Odisha
Secureye strengthened partnership with its associates at this well-attended event held in Puri, Odisha.
Puri, April 13, 2024: Secureye, a globally recognized leader in the security surveillance industry, hosted a motivating Secondary Partners Meet in...
Myntra gears up for summer with a fashion fiesta: Unveiling the Spring Summer 2024...
The new season’s collection promises a vibrant fashion adventure, brimming with over 170,000 trendy styles across 2500+ renowned brands, including powerhouses like Nike, Calvin Klein, Mango, and H&M showcasing their latest collections
Myntra has also introduced ...
Goibibo Adds Star Power to Its Roaster of Brand Ambassadors with Dynamic Duo Kalidas-Jayaram
Gurugram, April 02, 2024: Goibibo, one of India's beloved travel brands, onboards the iconic father-son duo Jayaram and Kalidas as its brand ambassadors. This announcement furthers Goibibo's localised approach to brand communication and product...
Manappuram Finance Ltd Unveils Innovative ‘Make Life Easy With Doorstep Gold Loan’ Campaign to...
Thrissur, April 01, 2024: Manappuram Finance Ltd, a pioneering leader in loan against gold services, proudly announces the launch of its ground-breaking advertising campaign, 'Make Life Easy With Doorstep Gold Loan', showcasing its innovative and...
Bank of Baroda wins the Co-brandingRights for Three Metro Stations in Delhi
Delhi Metro Rail Corporation (DMRC) awards the naming rights for Inderlok, South Extension& Rajouri Garden metro stations to Bank of Baroda
Delhi, March 29, 2024: Bank of Baroda (Bank), one of India’s leading public sector banks,...
PhonePe Users Can Now Make UPI Payments in UAE via NEOPAY Terminals
National, March 28, 2024: PhonePe App users traveling to the UAE can now make payments using UPI at Mashreq's NEOPAY terminals, available across a wide array of retail stores, dining outlets, as well as...
Razorpay Awarded ‘Best Fintech Company’ at Business Today & KPMG’s Awards 2024; Acknowledged for...
Bangalore, March 27, 2024: Razorpay, India's Leading Omnichannel Payments, and Business Banking Platform, was awarded the 'Best Fintech Company' in the Payments Category at the 28th Edition of the Business Today & KPMG's Best...