ELECTROSTEEL CASTINGS LIMITED
Article Abstract:
Electrosteel Castings Limited has announced a dividend of 100 percent for the year ended March 31, 1998. The company had earlier projected sales of Rs186.79 crore and net profit of Rs51.69 crore for the year. (gsh) --------------------------------------------------------- Audited Financial Results: Electrosteel Castings Limited (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Gross Sales 332.23 313.02 --------------------------------------------------------- Less-Excise duty 40.56 35.51 --------------------------------------------------------- Net Sales 291.67 277.51 --------------------------------------------------------- Other Income 9.14 9.82 --------------------------------------------------------- Total Expenditure 223.11 223.63 --------------------------------------------------------- Interest 20.18 20.85 --------------------------------------------------------- Gross Profit 57.52 42.85 --------------------------------------------------------- Depreciation 10.02 7.16 --------------------------------------------------------- Taxation 9.25 7.50 --------------------------------------------------------- Net Profit 38.25 28.19 --------------------------------------------------------- Paid-up equity capital 8.06 8.06 --------------------------------------------------------- Reserves 116.68 87.28 ---------------------------------------------------------
Comment:
Reports increase in net profit to Rs38.25 crore for year ending 3/31/98 versus Rs28.19 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ELECTROSTEEL CASTINGS (ECL): WORTH WORKING AT
Article Abstract:
Electrosteel Castings Ltd (ECL) manufactures cast iron (CI) spun pipes and ductile iron (DI) pipes. ECL has commissioned a mini blast furnace at the Khardah unit at an outlay of Rs8 crore which has helped it produce DI pipes easily by using light metal. ECL is able to save around Rs500 per tonne on the processing cost. ECL has shifted its Rs55 crore project to set up a pig iron plant from Elavur in Tamil Nadu to Kolhapur in Maharashtra. This will lead to cost savings and will enable ECL to control the quality of pig iron thereby improving the quality of the final product. ECL will also be able to use to Mumbai Port for its exports to the South East Asian countries. ECL is projected to post a turnover of Rs388 crore and a net profit of Rs37 crore for 1997- 98. As on June 1998, ECL was being traded at Rs189. (tsm)
Comment:
Is projected to post a turnover of Rs388 crore and a net profit of Rs37 crore for 1997-98
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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ELECTROSTEEL CASTINGS LIMITED: FINANCIAL RESULTS
Article Abstract:
Electrosteel Castings Ltd of Calcutta has announced its unaudited financial results for the quarter ended December 31, 1998. (khr)
Comment:
Electrosteel Castings Ltd of Calcutta has announced its unaudited financial results for the quarter ended December 31, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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