GILADA FINANCE & INVESTMENTS LTD
Article Abstract:
Gilada Finance & Investments Ltd of Bangalore has declared its audited financial results for the year ended March 31, 1998. (ag) ------------------------------------------------------------ Audited Financial Performance of Gilada Finance & Investments Ltd (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Income from operations 99.10 51.87 ------------------------------------------------------------ Total expenditure 24.73 23.48 ------------------------------------------------------------ Interest 8.51 3.61 ------------------------------------------------------------ Gross profit 65.86 24.78 ------------------------------------------------------------ Depreciation 27.84 2.35 ------------------------------------------------------------ Profit before tax 38.02 22.43 ------------------------------------------------------------ Provision for tax 6.52 9.98 ------------------------------------------------------------ Net Profit 31.50 12.45 ------------------------------------------------------------ Equity Capital 351.23 315.23 ------------------------------------------------------------ Reserves 27.28 15.10 ------------------------------------------------------------ Earning per share 0.90 0.35 ------------------------------------------------------------ Dividend (%) 5.00 NIL ------------------------------------------------------------ Book value per share 10.33 10.06 ------------------------------------------------------------
Comment:
Posts increase in net profit to Rs31.50 lakh for year ended 3/31/98 vs net profit of Rs12.45 lakh in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SUNDARAM FIN BEATS NBFC CRISIS WITH ] NET
Article Abstract:
The net profit of the non-banking finance company (NBFC), Sundaram Finance Ltd (SFL) of the TVS Group increased by 11.5 percent to Rs76.59 crore in 1997-98 (Rs68.67 crore in 1996-97). SFL has been unaffected by the slowdown in the NBFC sector. SFL declared a 55 percent tax free dividend for 1997-98 (45 percent). Gross income increased by 9.15 percent to Rs458.45 crore (Rs420.07 crore). Its interest charges declined to Rs216.96 crore (Rs227.55 crore) while depreciation increased to Rs91.80 crore (Rs81.86 crore). Disbursements declined to Rs956 crore (Rs1,041 crore). SFL's cumulative receivables under hire purchase increased to Rs2,102 crore in 1997-98 (Rs2,010 crore). (khr)
Comment:
Posts net profit of Rs76.59 crore in 1997-98 vs Rs68.67 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SUNDARAM BRAKE H1 NET UP TO Rs2.26 CRORE
Article Abstract:
The net profit of Sundaram Brake Linings Ltd has increased to Rs2.26 crore in the first half of 1998-99 (Rs2.08 crore in the first half of 1997-98). Its total turnover increased to Rs31.76 crore (Rs30.52 crore). It has incurred interest charges of Rs1.84 crore (Rs2.10 crore). Its provision for depreciation was at Rs1.24 crore (Rs1.10 crore) and provision for tax was at Rs23 lakh (Rs22 lakh). It has a paid up capital of Rs2.71 crore. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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