INDIAN PETROCHEMICALS CORPORATION LIMITED
Article Abstract:
Indian Petrochemicals Corporation Ltd of Gujarat has declared its audited financial results for the year ended March 31, 1998. (khr) --------------------------------------------------------- Audited Financial Results of Indian Petrochemicals Corporation Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Net sales 2982.90 2785.46 --------------------------------------------------------- Other income 112.00 77.76 --------------------------------------------------------- Total expenditure 2325.60 1917.57 --------------------------------------------------------- Interest 259.57 204.17 --------------------------------------------------------- Gross profit 509.73 741.48 --------------------------------------------------------- Depreciation 237.35 148.34 --------------------------------------------------------- Tax 28.69 82.94 --------------------------------------------------------- Net profit 243.69 510.20 --------------------------------------------------------- Equity share capital 249.05 249.02 --------------------------------------------------------- Reserves 2779.21 2644.31 --------------------------------------------------------- Earnings per share (Rs) 9.82 20.56 ---------------------------------------------------------
Comment:
Records decrease in net profit to Rs243.69 crore in year ending 3/31/98 from Rs510.20 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SPCL NON-CONVERTIBLE DEBENTURE
Article Abstract:
Credit Analysis and Research Ltd has downgraded the AA+ rating given to the Rs75 crore fixed deposit and the Rs147 crore non- convertible debenture programme of Southern Petrochemicals Corporation Ltd. The decline in operating profit margins and fall in volumes and realisations of the company's pharma and heavy chemicals division has been factored in the downgrade. (khr)
Comment:
Credit Analysis and Research Ltd has downgraded the AA+ rating given to the Rs75 crore fixed deposit and the Rs147 crore non- convertible debenture programme of Southern Petrochemicals Corporation Ltd.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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NOVA PETROCHEMICALS LTD
Article Abstract:
Nova Petrochemicals Ltd of Ahmedabad has announced its unaudited financial results for the quarter ended December 31, 1998. (rk)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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