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The sales slipped to Rs. 1206.58 millions for the December 2019 quarter as against Rs. 1457.95 millions during the year-ago period.The Company to register a -59.83% fall in the net profit for the quarter ended December 2019.A decline of 34.63 millions was observed in the OP in the quarter ended December 2019 from 56.64 millions on QoQ basis. (Rs. in Million) Quarter ended Year to Date Year ended 201912 201812 % Var 201912 201812 % Var 201903 201803 % Var Sales 1206.58 1457.95 -17.24 3552.70 4187.10 -15.15 5692.38 4563.97 24.72 Other Income 13.91 2.79 398.57 17.72 5.47 223.95 9.57 115.35 -91.70 PBIDT 34.63 56.64 -38.86 114.21 147.27 -22.45 201.11 242.14 -16.94 Interest 18.10 27.44 -34.04 59.78 52.14 14.65 76.21 38.15 99.76 PBDT 16.53 29.20 -43.39 54.43 95.13 -42.78 124.89 203.99 -38.78 Depreciation 9.57 9.16 4.48 28.04 27.19 3.13 37.38 36.12 3.49 PBT 6.96 20.04 -65.27 26.39 67.94 -61.16 87.51 167.87 -47.87 TAX 0.52 4.01 -87.03 4.40 13.47 -67.33 22.52 39.22 -42.58 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 2.88 3.30 -12.73 PAT 6.44 16.03 -59.83 21.99 54.47 -59.63 64.99 128.64 -49.48 Equity 63.99 63.99 0.00 63.99 63.99 0.00 63.99 63.99 0.00 PBIDTM(%) 2.87 3.88 -26.12 3.21 3.52 -8.60 3.53 5.31 -33.41
The company witnessed a 22.78% growth in the revenue at Rs. 1505.27 millions for the quarter ended March 2019 as compared to Rs. 1225.95 millions during the year-ago period.The company reported a drastic decline of -86.84% in the quarter ended March 2019 to Rs. 10.50 millions from Rs. 79.77 millions .Operating Profit reported a sharp decline to 53.84 millions from 125.28 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201903 201803 % Var 201903 201803 % Var 201903 201803 % Var Sales 1505.27 1225.95 22.78 5692.38 4563.97 24.72 5692.38 4563.97 24.72 Other Income 4.10 94.77 -95.67 9.57 115.35 -91.70 9.57 115.35 -91.70 PBIDT 53.84 125.28 -57.02 201.11 242.14 -16.94 201.11 242.14 -16.94 Interest 24.07 9.96 141.67 76.21 38.15 99.76 76.21 38.15 99.76 PBDT 29.77 115.32 -74.18 124.89 203.99 -38.78 124.89 203.99 -38.78 Depreciation 10.20 8.55 19.30 37.38 36.12 3.49 37.38 36.12 3.49 PBT 19.57 106.77 -81.67 87.51 167.87 -47.87 87.51 167.87 -47.87 TAX 9.06 27.00 -66.44 22.52 39.22 -42.58 22.52 39.22 -42.58 Deferred Tax 2.88 3.30 -12.73 2.88 3.30 -12.73 2.88 3.30 -12.73 PAT 10.50 79.77 -86.84 64.99 128.64 -49.48 64.99 128.64 -49.48 Equity 63.99 63.99 0.00 63.99 63.99 0.00 63.99 63.99 0.00 PBIDTM(%) 3.58 10.22 -65.00 3.53 5.31 -33.41 3.53 5.31 -33.41
The sales surged to Rs. 1439.35 millions, up 33.12% for the September 2018 quarter as against Rs. 1081.24 millions during the corresponding quarter previous year.Modest increase of 21.02% in the Net Profit was reported from. 15.65 millions to Rs. 18.94 millions.OP of the company witnessed a marginal growth to 47.75 millions from 37.87 millions in the same quarter last year. (Rs. in Million) Quarter ended Year to Date Year ended 201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 1439.35 1081.24 33.12 2729.15 2145.30 27.22 4563.97 3214.62 41.98 Other Income 0.49 7.43 -93.41 2.68 13.30 -79.85 115.35 89.62 28.71 PBIDT 47.75 37.87 26.09 90.63 73.71 22.95 242.14 198.79 21.81 Interest 14.74 9.39 56.98 24.70 18.99 30.07 38.15 59.67 -36.07 PBDT 33.01 28.48 15.91 65.93 54.72 20.49 203.99 139.12 46.63 Depreciation 9.34 8.91 4.83 18.03 17.55 2.74 36.12 34.36 5.12 PBT 23.67 19.57 20.95 47.90 37.17 28.87 167.87 104.76 60.24 TAX 4.73 3.91 20.97 9.45 7.43 27.19 39.22 2.88 1261.81 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 3.30 2.10 57.14 PAT 18.94 15.65 21.02 38.45 29.73 29.33 128.64 101.88 26.27 Equity 63.99 63.99 0.00 63.99 63.99 0.00 63.99 63.99 0.00 PBIDTM(%) 3.32 3.50 -5.28 3.32 3.44 -3.35 5.31 6.18 -14.20
The June 2018 quarter revenue stood at Rs. 1289.80 millions, up 21.21% as compared to Rs. 1064.06 millions during the corresponding quarter last year.The company has announced a 38.57% increase in its profits to Rs . 19.51 millions for the quarter ended June 2018 compared to Rs. 14.08 millions in the corresponding quarter in the previous year.Operating Profit saw a handsome growth to 42.88 millions from 35.84 millions in the quarter ended June 2018. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 1289.80 1064.06 21.21 1289.80 1064.06 21.21 4563.97 3214.62 41.98 Other Income 2.19 5.87 -62.69 2.19 5.87 -62.69 115.35 89.62 28.71 PBIDT 42.88 35.84 19.64 42.88 35.84 19.64 242.14 198.79 21.81 Interest 9.96 9.60 3.75 9.96 9.60 3.75 38.15 59.67 -36.07 PBDT 32.92 26.24 25.46 32.92 26.24 25.46 203.99 139.12 46.63 Depreciation 8.69 8.64 0.58 8.69 8.64 0.58 36.12 34.36 5.12 PBT 24.23 17.60 37.67 24.23 17.60 37.67 167.87 104.76 60.24 TAX 4.72 3.52 34.09 4.72 3.52 34.09 39.22 2.88 1261.81 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 3.30 2.10 57.14 PAT 19.51 14.08 38.57 19.51 14.08 38.57 128.64 101.88 26.27 Equity 63.99 63.99 0.00 63.99 63.99 0.00 63.99 63.99 0.00 PBIDTM(%) 3.32 3.37 -1.30 3.32 3.37 -1.30 5.31 6.18 -14.20
A decent increase of about 55.89% in the turnover to Rs. 1192.72 millions was observed for the quarter ended December 2017. The turnover stood at Rs. 765.09 millions during the similar quarter previous year.Profit for the quarter ended December 2017 rises by 55.11% to Rs. 19.14 millions from Rs. 12.34 millions.Operating profit for the quarter ended December 2017 rose to 43.07 millions as compared to 35.95 millions of corresponding quarter ended December 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201712 201612 % Var 201712 201612 % Var 201703 201603 % Var Sales 1192.72 765.09 55.89 3338.02 2273.42 46.83 3214.62 3136.01 2.51 Other Income 7.21 7.64 -5.63 20.51 24.99 -17.93 89.27 109.03 -18.12 PBIDT 43.07 35.95 19.81 116.78 111.55 4.69 155.87 173.81 -10.32 Interest 9.12 14.44 -36.84 28.11 43.46 -35.32 59.37 76.15 -22.04 PBDT 33.95 24.24 40.06 88.67 67.78 30.82 85.65 75.37 13.64 Depreciation 10.02 8.81 13.73 27.57 25.41 8.50 34.36 50.58 -32.07 PBT 23.93 15.43 55.09 61.10 42.37 44.21 51.29 24.79 106.90 TAX 4.79 3.09 55.02 12.22 6.92 76.59 2.88 4.60 -37.39 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 2.10 1.02 105.88 PAT 19.14 12.34 55.11 48.87 35.45 37.86 48.41 20.19 139.77 Equity 63.99 127.98 -50.00 63.99 127.98 -50.00 63.99 127.98 -50.00 PBIDTM(%) 3.61 4.70 -23.15 3.50 4.91 -28.70 4.85 5.54 -12.51
Bhagyanagar India is currently trading at Rs. 40.85, up by 2.15 points or 5.56% from its previous closing of Rs. 38.70 on the BSE.The scrip opened at Rs. 38.70 and has touched a high and low of Rs. 42.25 and Rs. 38.70 respectively. So far 7538 shares were traded on the counter.The BSE group `B` stock of face value Rs. 2 has touched a 52 week high of Rs. 57.90 on 05-Dec-2017 and a 52 week low of Rs. 20.10 on 10-Aug-2017.Last one week high and low of the scrip stood at Rs. 42.65 and Rs. 35.30 respectively. The current market cap of the company is Rs. 130.70 crore.The promoters holding in the company stood at 73.05%, while Institutions and Non-Institutions held 1.13% and 25.82% respectively.The company has acquired 45,000 equity shares at a face value of Rs 10 each which constitutes 100% of the paid up capital of Aanvik MercantileBhagyanagar India has entered into share purchase agreement on February 6, 2018 to acquire Aanvik Mercantile as wholly owned subsidiary. The company has acquired 45,000 equity shares at a face value of Rs 10 each amounting to Rs 4,50,000 which constitutes 100% of the paid up capital of Aanvik Mercantile.Bhagyanagar India is engaged in the manufacture of copper and other copper products and alloys. The company has diverse business streams, such as real estate and infrastructure, and non-conventional energy, including wind and solar.
A decent increase of about 39.05% in the sales to Rs. 1064.06 millions was observed for the quarter ended June 2017. The sales figure stood at Rs. 765.24 millions during the year-ago period.The Company`s Net profit for the June 2017 quarter have declined marginally to Rs. 14.08 millions as against Rs. 14.84 millions reported during the corresponding quarter ended.Operating profit for the quarter ended June 2017 decreased to 35.84 millions as compared to 42.21 millions of corresponding quarter ended June 2016. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 1064.06 765.24 39.05 1064.06 765.24 39.05 3214.62 3136.01 2.51 Other Income 5.87 9.98 -41.18 5.87 9.98 -41.18 89.27 109.03 -18.12 PBIDT 35.84 42.21 -15.09 35.84 42.21 -15.09 155.87 173.81 -10.32 Interest 9.60 16.58 -42.10 9.60 16.58 -42.10 59.37 76.15 -22.04 PBDT 26.24 25.63 2.38 26.24 25.63 2.38 85.65 75.37 13.64 Depreciation 8.64 8.44 2.37 8.64 8.44 2.37 34.36 50.58 -32.07 PBT 17.60 17.19 2.39 17.60 17.19 2.39 51.29 24.79 106.90 TAX 3.52 2.35 49.79 3.52 2.35 49.79 2.88 4.60 -37.39 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 2.10 1.02 105.88 PAT 14.08 14.84 -5.12 14.08 14.84 -5.12 48.41 20.19 139.77 Equity 63.99 127.98 -50.00 63.99 127.98 -50.00 63.99 127.98 -50.00 PBIDTM(%) 3.37 5.52 -38.94 3.37 5.52 -38.94 4.85 5.54 -12.51
Bhagyanagar India has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 25, 2016 to September 30, 2016 for the purpose of 31st Annual General Meeting (AGM) of the Company to be held on September 30, 2016.The above information is a part of company’s filings submitted to BSE.
Bhagyanagar India has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Bhagyanagar India has informed about the details of Voting results at the Court Convened Meeting of the Company held on June 11, 2016, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Bhagyanagar India has informed that a meeting of the Board of Directors of the Company will be held on May 06, 2016, to consider and approve Notice of the Postal Ballot and e-voting for the consent and approval of shareholders for Scheme of Arrangement between the Company, Surana Telecom and Power and Bhagyanagar Properties.The above information is a part of company’s filings submitted to BSE.
With reference to the earlier letter dated October 12, 2015 regarding outcome of board meeting, Bhagyanagar India has now informed that on effectiveness of the scheme of arrangement, the existing shareholders of Bhagyanagar India for every 6 equity shares will continue to hold 3 equity shares of Rs 2 each of Bhagyanagar India and will get 4 equity shares of Re 1 each of Surana Telecom and Power and 3 equity shares of Rs 2 each of Bhagyanagar Properties. As part of the scheme of arrangement, the existing paid up share capital of Bhagyanagar India is proposed to be reduced to 50% of 6,39,90,000 equity shares of Rs 2 each (i.e., 3,19,95,000 equity shares of Rs 2 each), without affecting overall holding levels of Promoters and Public.The above information is a part of company’s filings submitted to BSE.