LEVERAGING ON THE CORE

Article Abstract:

The TVS group of companies have been able to operate profitably in 1997-98 by concentrating on their core businesses of auto components, hire purchase finance, two-wheelers and electronics. (khr) --------------------------------------------------------- Financial Performance of the TVS group in 1997-98 --------------------------------------------------------- Company (Rs in crore) Turnover Net Profit --------------------------------------------------------- Sundram Fasteners 326.18 25.53 --------------------------------------------------------- Sundaram Finance 458.44 76.58 --------------------------------------------------------- TVS-Suzuki 1018.62 68.76 --------------------------------------------------------- Lucas-TVS 720.00 66.00 --------------------------------------------------------- Brakes India 407.72 16.20 --------------------------------------------------------- Sundaram Brake Linings 59.59 3.62 --------------------------------------------------------- TVS Electronics 13.02 3.01 --------------------------------------------------------- Wheels India 277.43 11.05 --------------------------------------------------------- TVS Srichakra 134.65 7.45 --------------------------------------------------------- Sundaram Clayton (10 months) 130.00 9.75 --------------------------------------------------------- Lakshmi Auto 32.85 8.25 --------------------------------------------------------- Harita Grammer 50.29 2.93 --------------------------------------------------------- Impal 168.64 5.51 --------------------------------------------------------- TV Sundaram Iyengar & Sons 1360.00 NA ---------------------------------------------------------

Comment:

Have been able to operate profitably in 1997-98 by concentrating on core businesses of auto components, etc

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automotive parts, Article, TVS Group

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STEPPING IN THE RIGHT DIRECTION

Article Abstract:

ITC-Agrotech (IA) is engaged in edible oils and related food products business. Conagra of USA and a South African company hold 51.4 percent equity in IA. The ITC group has 17 percent stake in IA. IA recorded sales of Rs110 crore and a loss of Rs50 lakh in the first quarter of 1998-99. In the second quarter, it posted sales of Rs284.7 crore and a net profit of Rs7.1 crore. Its operating margin increased by 1.5 percent in the second quarter of 1998-99. Its sales increased by 30 percent in the first half of 1998-99 compared to those in the corresponding period of 1997-98. (rk)

Shortening & Cooking Oils, Fats and Oils Refining and Blending, Edible fats and oils, ITC Agro-Tech Ltd

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