Consolidated Finvest & Holdings Limited
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BSE Code:
500226
NSE Code:
CONSOFINVT
Business Profile
Business Profile
Consolidated Finvest and Holdings (JINPHOFI), a part of the B.C. Jindal group, is a non banking finance company. It was formed when restructuring the erstwhile Jindal Photo. The photographic films business of Jindal Photo was demerged to its wholly-owned subsidiary Consolidated Photo Products w.e.f. Apr. 01, 2004, which was renamed as Jindal Photo. The resulting company was then renamed as Consolidated Finvest and Holdings. Other group companies include Jindal Polyfilms, Jindal Photo, Jindal (India), Rexor, Jindal Thermal Power, Soyuz Trading Company, Rishi Trading Company, and Consolidated Photo & Finvest.
The company focuses on maximizing returns from its investment portfolio. It holds investments in all companies under the B.C. Jindal group as well as mutual funds and other quoted securities. Its income is primarily from the sale of investments, dividend and interest. Jindal Photo Investments, Jindal Meadows and Jesmin Investment are subsidiary companies.
The registered office is located at 19th Km, Hapur-Bulandshahr Road, P.O. Gulaothi, Bulandshahr-245408, Uttar Pradesh.
Financials
Consolidated Finvest and Holdings registered a steep drop of 63.25% in net profit of Rs 4.3 million for the quarter ended December 2007 from a profit of Rs 11.7 million for the quarter ended December 2006.
Net sales declined 43.59% to Rs 8.8 million for the quarter ended December 2007 from Rs 15.6 million for the quarter ended December 2006.
Total income was Rs 9.1 million for the quarter ended December 2007.
The earnings per share (EPS) of the company stood at Rs 0.13 for the quarter ended December 2007.
Future Plans
The company plans to carry on business as an investment company and for that purpose it plans to invest in acquiring, subscribing for and holding shares, bond, units, stock, securities, debentures and/or mutual funds.