A SAFE BOTTOMLINE
Article Abstract:
The Aditya Birla group company, Hindalco Industries Ltd (HIL) posted a net profit of Rs4,962.10 million in 1997-98. It has an installed capacity of 2.42 lakh tonnes of aluminium. To safeguard its profit margins, HIL has shifted focus to value added products. HIL plans to expand its downstream processing facilities for manufacturing foils, extruded products and rolled products. It proposes to takeover companies which manufacture downstream products. HIL has set up a 5,000 tonnes per annum (tpa) foil manufacturing plant at Silvassa during 1997-98. It has increased the capacity of its extrusion unit from 10,400 tpa to 13,700 tpa. It proposes to commission an aluminium wheel plant at Silvassa in 1999-2000 AD. HIL plans to takeover India foils, a Williamson Magor group company which manufactures aluminium foils. It plans to enter the roller product segment by acquiring a unit located in western India. HIL proposes to set up a greenfield project, Aditya Aluminium with a capacity of 250,000 tpa. (tsm) ------------------------------------------------------------ Financial Performance of Hindalco Industries Ltd (Rs in million) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net Sales 14,660.70 11,651.30 ------------------------------------------------------------ Operating Profit 7,334.50 6,016.90 ------------------------------------------------------------ Net profit 4,962.10 3,876.00 ------------------------------------------------------------ Total Assets 40,166.00 34,052.80 ------------------------------------------------------------ Net worth 27,423.70 22,891.60 ------------------------------------------------------------ Earnings per share (Rs) 66.63 52.05 ------------------------------------------------------------
Comment:
Posts a net profit of Rs4,962.10 million in 1997-98
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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GROWING ALL ALONG --MAHINDRA & MAHINDRA
Article Abstract:
Mahindra & Mahindra (M&M) is engaged in the manufacture of utility vehicles and tractors. It has a market share of 27 percent in tractors. The tractor segment is likely to face competition due to capacity additions and decline in demand. M&M's installed capacity was increased to 77,000 units in 1997-98 from 57,500 units. It makes tractors in the range of 25 HP to 50 HP. In August 1998, it bought 51 percent stake in Gujarat Tractors, which has a capacity of 20,000 tractors per annum in 20- 80 HP range. Its tractor sales increased to 50,569 units in the third quarter ended December 31, 1998 against 49,461 units in the same period in 1997. M&M's sales has increased by 3.7 percent in third quarter ended December 31, 1998. Its operating profit too increased by 3.4 percent in the third quarter ended December 31, 1998 maintaining operating profit margin at 16.3 percent. (rk)(psr)
Comment:
Mahindra & Mahindra (M&M) is engaged in the manufacture of utility vehicles and tractors.
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
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