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IVP - ENCOURAGING PERFORMANCE

Article Abstract:

IVP of Mumbai manufactures vanaspati, vegetable oils, plasticisers and foundry chemicals. The company recorded 25 percent growth in net profit to Rs8.35 crore on stagnant sales of Rs290.66 crore in 1997-98. The interest burden declined by more than Rs1 crore to Rs4.78 crore resulting in a three percent growth in Return on Average Networth to 25.14 percent from 22.27 percent. In the first quarter of 1998-99, the sales turnover of IVP went up by more than 100 percent to Rs138.84 crore with 50 percent growth in net profit to Rs2.93 crore. By the end of 1998-99, the company's net profit is expected to be Rs10 crore. The scrip is currently being traded at Rs36 on the bourses discounting the earning per share by 4.5 times. (gsh) --------------------------------------------------------- Financial Results: IVP (Rs in crore) --------------------------------------------------------- Particulars 1Q ended 1Q ended June, 1998 June, 1997 --------------------------------------------------------- Sales 138.84 65.11 --------------------------------------------------------- Gross Profit 6.21 4.44 --------------------------------------------------------- Depreciation 0.32 0.27 --------------------------------------------------------- Interest 1.43 1.20 --------------------------------------------------------- Taxation 1.53 1.01 --------------------------------------------------------- Net Profit 2.93 1.94 --------------------------------------------------------- Equity 10.33 10.33 ---------------------------------------------------------

Comment:

Records 25% growth in net profit to Rs8.35 crore on stagnant sales of Rs290.66 crore in 1997-98

Publisher: Boom Trading & Investments
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
Fats and Oils Refining and Blending, Vanaspati, IVP Ltd.

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KIRLOSKAR OIL ENGINES

Article Abstract:

The sales of Kirloskar Oil Engines of Pune had increased to Rs616.30 crore from Rs613.90 crore in 1996-97. Its net profit had declined from Rs53.34 crore to Rs48.04 crore. Its net profit increased to Rs159.68 crore on sales of Rs631.75 crore in 1997- 98. Its operational income increased to Rs190.35 crore from Rs73.08 crore. Its equity was Rs19.02 crore. Its book value was Rs105.9. Its earning per share was Rs84.04. It makes engines, bimetal strips, camshafts, air compressors and genarator sets among others. (rk)

Comment:

Firm's sales increases to Rs616.30 crore from Rs613.90 crore in 1996-97

Publisher: Boom Trading & Investments
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
Engine, Turbine, and Power Transmission Equipment Manufacturing, Engines & Turbines, Kirloskar Oil Engines

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Subjects list: India, Article
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