POLICY CHANGES, COST CUTTING AND VOLUMES MAKE THEIR MARK: RAYMOND LTD
Article Abstract:
Raymond Ltd of the Singhania group has diversified into cement, textiles and steel. Its output in the textiles division increased by 24 percent, while sales of cement increased by 5.5 percent in 1997-98. The steel division also grew by 30.6 percent but lower realisations depressed its margins. The company is hiving of the steel division into a separate joint venture from July 1998. Its scrip is now quoted at Rs130 per share. (khr) ------------------------------------------------------------ Financial results of Raymond Ltd ------------------------------------------------------------ Particulars Year ended March (Rs in crore) 1998 1997 ------------------------------------------------------------ Net sales 1,192.95 977.77 ------------------------------------------------------------ Expenditure 988.63 833.11 ------------------------------------------------------------ Interest 101.75 83.91 ------------------------------------------------------------ Gross profit 134.90 76.40 ------------------------------------------------------------ Depreciation 84.59 65.77 ------------------------------------------------------------ Tax 5.29 1.18 ------------------------------------------------------------ Net profit 45.02 9.44 ------------------------------------------------------------ Equity 75.09 75.09 ------------------------------------------------------------ Reserves 649.76 616.37 ------------------------------------------------------------
Comment:
Posts net profit of Rs9.44 crore in 1998 vs Rs45.02 crore in 1997
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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POLICY CHANGES, COST CUTTING AND VOLUMES MAKE THEIR MARK: VIDEOCON INTERNATIONAL
Article Abstract:
Videocon International (VI) has a 32 percent share in colour televisions and a 17 percent share in black and white televisions. Its manufacturing units are spread over 6 States, which has helped it rationalise tax exposure. It has 5,000 dealers and 125 service centres which help it prevent loss in the market share. Its turnover increased in 1997-98 due to the merger of Videocon Narmada Electronics with itself. (khr) ------------------------------------------------------------ Financial results of Videocon International ------------------------------------------------------------ Particulars Year ended March (Rs in crore) 1998 1997 ------------------------------------------------------------ Net sales 2,108.10 1,715.13 ------------------------------------------------------------ Expenditure 1,779.24 1,546.77 ------------------------------------------------------------ Interest 128.01 58.02 ------------------------------------------------------------ Gross profit 70.00 24.99 ------------------------------------------------------------ Net profit 125.04 82.13 ------------------------------------------------------------ Equity 51.67 51.67 ------------------------------------------------------------ Reserves 998.00 873.90 ------------------------------------------------------------
Comment:
Posts net profit of Rs82.13 croe in 1998 vs Rs125.04 crore in 1997
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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