DCM SHRIRAM CONSOLIDATED LTD

Article Abstract:

DCM Shriram Consolidated Ltd of New Delhi has declared its audited financial results for the year ended March 31, 1998. It has recommended a dividend of 40 percent for 1997-98, which includes an interim dividend of 15 percent paid in February 1998. Its earning per share was Rs15.96 (Rs14.06 in 1996-97). It has a paid-up equity share capital of Rs16.75 crore now. (khr) ------------------------------------------------------------ Audited financial results of DCM Shriram Consolidated Ltd ------------------------------------------------------------ Particulars Year ended March 31 (Rs in crore) 1998 1997 ------------------------------------------------------------ Net sales 642.69 556.76 ------------------------------------------------------------ Other income 7.82 4.63 ------------------------------------------------------------ Expenditure 550.10 469.05 ------------------------------------------------------------ Interest 46.06 42.92 ------------------------------------------------------------ Post-interest 54.35 49.42 gross profit ------------------------------------------------------------ Depreciation 27.62 24.88 ------------------------------------------------------------ Tax - 1.29 ------------------------------------------------------------ Net profit 23.97 48.81 ------------------------------------------------------------ Equity 16.75 16.75 ------------------------------------------------------------ Reserves 251.55 235.77 ------------------------------------------------------------ EPS (Rs) 15.96* 14.06 ------------------------------------------------------------ * Annualised ------------------------------------------------------------

Comment:

Reports decrease in net profit to Rs23.97 crore for year ended 3/31/98 from Rs48.81 crore in 1997

Diversified Companies, DCM Shriram Consolidated Ltd.

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SHRIRAM HONDA POWER EQUIPMENT LIMITED: AUDITED FINANCIAL RESULTS

Article Abstract:

Shriram Honda Power Equipment Limited of New Delhi has declared a dividend of 40 percent for 1997-98. (rk) --------------------------------------------------------- Audited Financial Results: Shriram Honda Power Equipment Limited (Rs in lakh) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 15367 14995 --------------------------------------------------------- Other income 384 417 --------------------------------------------------------- Total expenditure 12817 12369 --------------------------------------------------------- Interest 124 160 --------------------------------------------------------- Gross profit 2810 2883 --------------------------------------------------------- Depreciation 411 361 --------------------------------------------------------- Taxation 450 630 --------------------------------------------------------- Net profit 1946 1889 --------------------------------------------------------- Equity 1014 1014 --------------------------------------------------------- Reserves 5588 4088 ---------------------------------------------------------

Comment:

Reports increase in net profit to Rs1946 lakh in 1997-98 from Rs1889 lakh in 1996-97

Power Driven Hand Tools, Power-Driven Handtool Manufacturing, Hand tools, Power tools

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SHRIRAM HONDA TO CHANGE NAME TO HONDA SIEL POWER PRODUCTS

Article Abstract:

Shriram Honda Power Equipment Ltd (SHPEL), a portable genset producer, plans to rename itself as Honda Siel Power Products Ltd. SHPEL's decision follows a rise in the Honda Motor Company's (HMC) stake in the company to 66.66 percent from 56.66 percent. The new name is expected to indicate a change in ownership. HMC will now be nominating six directors to the board of SHPEL while Siel will be nominating four directors. One of the nominee will be the chairman of the company. During 1997-98, SHPEL raised its production capacity to 175,000 units per annum from 125,000 per annum. (ag)

Comment:

Plans to rename itself as Honda Siel Power Products to indicate a change in ownership

Motor and Generator Manufacturing, Organizational nomenclature, Electrical Generators, Electric generators

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