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The total revenue surged to Rs. 635.00 millions, up 198.82% for the December 2017 quarter as against Rs. 212.50 millions during the year-ago period.The Net Loss for the quarter ended December 2017 is Rs. -270.16 millions as compared to Net Loss of Rs. -428.70 millions of corresponding quarter ended December 2016 Operating profit Margin for the quarter ended December 2017 improved to -16.25% as compared to -213.90% 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 635.00 212.50 198.82 1505.25 1006.58 49.54 1433.80 1091.50 31.36 Other Income 8.30 4.80 72.92 110.60 25.64 331.36 57.60 48.90 17.79 PBIDT -16.25 -213.90 -92.40 -361.96 -578.79 -37.46 -1481.20 -833.00 77.82 Interest 248.95 195.20 27.54 679.57 578.74 17.42 948.50 661.10 43.47 PBDT -265.20 -409.10 -35.17 -1041.53 -1157.53 -10.02 -2429.70 -1494.10 62.62 Depreciation 4.96 19.60 -74.69 54.42 59.44 -8.45 126.00 245.00 -48.57 PBT -270.16 -428.70 -36.98 -1095.95 -1216.97 -9.94 -2555.70 -1739.10 46.96 TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT -270.16 -428.70 -36.98 -1095.95 -1216.97 -9.94 -2555.70 -1739.10 46.96 Equity 672.70 672.70 0.00 672.70 672.70 0.00 672.70 672.70 0.00 PBIDTM(%) -2.56 -100.66 -97.46 -24.05 -57.50 -58.18 -103.31 -76.32 35.36
Hindustan Organic Chemicals is locked at upper circuit limit at Rs. 31.25, up by 1.45 points or 4.87% from its previous closing of Rs. 29.80 on the BSE.The scrip opened at Rs. 31.25 and has touched a high and low of Rs. 31.25 and Rs. 31.25 respectively. So far 24,000 shares were traded on the counter.The BSE group `T` stock of face value Rs. 10 has touched a 52 week high of Rs. 35.40 on 25-Apr-2017 and a 52 week low of Rs. 14.70 on 27-May-2016.Last one week high and low of the scrip stood at Rs. 31.25 and Rs. 28.30 respectively. The current market cap of the company is Rs. 209.92 crore.The promoters holding in the company stood at 58.78%, while Institutions and Non-Institutions held 0.02% and 41.21% respectively.The Cabinet Committee on Economic Affairs (CCEA) has approved a restructuring plan for Hindustan Organic Chemicals (HOCL), a loss making and sick Central Public Sector Enterprise (CPSE) under the Department of Chemicals & Petrochemicals. The restructuring plan involves closing down the operations of all the non-viable plants at Rasayani unit of HOCL except Di-Nitrogen Tetroxide (N2O4) plant which is to be transferred to ISRO on ‘as is where is’ basis, with about 20 acres of land and employees associated with the plant. Financial implications of the plan is Rs 1,008.67 crore (cash) which is to be met partly from sale of 442 acres HOCL land at Rasayani to Bharat Petroleum Corporation (Rs 618.80 crore) and the balance (Rs 365.26 crore) through bridge loan from the government. The funds will be used to liquidate the various liabilities of the company, including payment of outstanding salary and statutory dues of employees and repayment of Government guaranteed bonds of Rs 250 crore due for redemption in Aug-Sept 2017. The company, having units at Rasayani (Maharashtra) and Kochi (Kerala), has been making continuous cash losses since 2011-12 resulting in acute shortage of working capital. Most of its plants have remained shut down during the last few years. It could not pay regular salary and statutory dues to the employees since February, 2015.
Hindustan Organic Chemicals is currently trading at Rs. 24.75, up by 1.15 points or 4.87% from its previous closing of Rs. 23.60 on the BSE.The scrip opened at Rs. 24.75 and has touched a high and low of Rs. 24.75 and Rs. 24.75 respectively. So far 6913 shares were traded on the counter.The BSE group `T` stock of face value Rs. 10 has touched a 52 week high of Rs. 30.95 on 13-Jan-2017 and a 52 week low of Rs. 12.30 on 29-Feb-2016.Last one week high and low of the scrip stood at Rs. 25.00 and Rs. 23.00 respectively. The current market cap of the company is Rs. 166.25 crore.The promoters holding in the company stood at 58.78%, while institutions and non-institutions held 0.02% and 41.21% respectively.Hindustan Organic Chemicals has reportedly sought shareholders` nod to sell 442 acres of land at Maharashtra to BPCL at Rs 1.4 crore per acre. Further, the company has also sought approval to divest its 56.43% stake in Hindustan Fluorocarbons.Hindustan Organic Chemicals was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs.
Hindustan Organic Chemicals is currently trading at its upper circuit limit of Rs. 25.55, up by 1.20 points or 4.93% from its previous closing of Rs. 24.35 on the BSE.The scrip opened at Rs. 25.55 and has touched a high and low of Rs. 25.55 and Rs. 25.55 respectively. So far 19038 shares were traded on the counter.The BSE group `T` stock of face value Rs. 10 has touched a 52 week high of Rs. 30.95 on 13-Jan-2017 and a 52 week low of Rs. 12.20 on 17-Feb-2016.Last one week high and low of the scrip stood at Rs. 25.55 and Rs. 23.00 respectively. The current market cap of the company is Rs. 171.63 crore.The promoters holding in the company stood at 58.78%, while institutions and non-institutions held 0.02% and 41.21% respectively.Hindustan Organic Chemicals is planning to consider sale of land at Rasayani in Maharashtra and divestment in subsidiary Hindustan Fluorocarbons. In this regard, the company’s board will meet on February 8, 2017. The company’s board will consider sale of 442 acre of land to BPCL and 20 acre of land along with some plant and machinery to ISRO. Besides, it will also consider sale of plant and machinery for manufacturing concentrated nitric acid and di-nitro tetroxide. Hindustan Organic Chemicals was set up by the Government of India in 1960 with the objective of attaining self-reliance in basic organic chemicals needs.
Hindustan Organic Chemicals has informed about Standalone Limited Review for the period ended December 31, 2016.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has submitted a copy of Proceedings of Extra Ordinary General Meeting of the Company held on November 30, 2016.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 22, 2016 to September 29, 2016 for the purpose of 55th Annual General Meeting (AGM) of the Company to be held on September 29, 2016.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has informed that the 55th Annual General Meeting (AGM) of the Company will be held on September 29, 2016.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has informed about SEBI Order in the matter of Sharepro Services (I).The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has informed about HOCL Announcement to the SEs Reg. Cos present status - in compliance with Regulation 51 of the LR of the SEs.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has re-submitted a copy of Corrected Audited Financial Results for the period ended March 31, 2016. Subsequent to the publishing of Financial Results for the year ended March 31, 2016, while auditing a compilation error was noticed which has been rectified.The above information is a part of company’s filings submitted to BSE.
Hindustan Organic Chemicals has informed about change in R & T Agents of the Company.The above information is a part of company’s filings submitted to BSE.