MUKUNDA INDUSTRIAL FINANCE LIMITED
Article Abstract:
Mukunda Industrial Finance Limited (MIFL), Bangalore, posted a net profit of Rs48.57 lakh in 1997-98. MIFL had projected a net profit of Rs579.44 crore for 1997-98. (gsh) ------------------------------------------------------------ Unaudited Financial Results of Mukunda Industrial Finance Limited (Rs in lakh) ------------------------------------------------------------ Particulars 2H 1997-98 2H 1996-97 1997-98 ------------------------------------------------------------ Gross Income 259.92 222.39 509.29 ------------------------------------------------------------ Total Expenditure 60.46 42.29 107.92 ------------------------------------------------------------ Interest 79.42 66.28 145.11 ------------------------------------------------------------ Gross Profit 120.04 133.82 256.26 ------------------------------------------------------------ Depreciation 93.80 84.46 182.69 ------------------------------------------------------------ Pre-Tax profit 26.24 29.36 73.57 ------------------------------------------------------------ Net Profit 26.24 29.36 48.57 ------------------------------------------------------------ Paid-up equity 520.61 520.50 521.42 ------------------------------------------------------------
Comment:
Posts net profit of Rs48.57 lakh in 1997-98, & projects net profit of Rs579.44 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ESCORTS FINANCE INCOME RISES, BUT PROFITS DOWN
Article Abstract:
The total income of Escorts Finance Ltd, a part of the Rs4,000 crore Escorts group, increased by 26 percent to Rs148.6 crore in 1997-98 (Rs117.58 crore in 1996-97). Its operating profit decreased by 17 percent to Rs19.05 crore (Rs23.02 crore). Its interest cost increased to Rs74.39 crore (Rs51.05 crore). It has recommended a 10 percent dividend for 1997-98. It plans to make a 1:1 rights issue to enhance its capital base and increase its capital adequacy ratio. (khr)
Comment:
Reports increase in total income by 26% to Rs148.6 crore in 1997-98, as against Rs117.58 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KOTAK MAHINDRA NET DROPS 29%
Article Abstract:
Kotak Mahindra Finance Ltd, a non banking finance company, has registered a 29 percent decline in its net profit at Rs21.1 crore for the year ended March 31, 1998 (Rs30.1 crore in 1996-97). Its tax provision for 1997-98 was higher at Rs18 crore (Rs3.8 crore). Its gross profit has increased by 15 percent to Rs39.1 crore (Rs33.9 crore). It has maintained a dividend of 18 percent for 1997-98. Its net worth is Rs324 crore and the company has a gearing of 2.3 times. (rk)
Comment:
Posts 29% decline in net profit at Rs21.1 crore for year ended 3/31/98 compared to Rs30.1 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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