VIKRANT TYRES LIMITED: THE TURNAROUND OF VIKRANT IS JUST THE BEGINNING
Article Abstract:
Vikrant Tyres Limited of Mysore has reported a 14 percent rise in its exports during 1997-98. (ag) ------------------------------------------------------------ Audited Financial Performance of Vikrant Tyres Limited (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales & other income 375.76 360.50 ------------------------------------------------------------ Total expenditure 333.38 333.91 ------------------------------------------------------------ Operating profit 42.38 26.59 ------------------------------------------------------------ Interest 18.97 23.92 ------------------------------------------------------------ Gross profit before depreciation & tax 23.41 2.67 ------------------------------------------------------------ Depreciation 3.99 4.34 ------------------------------------------------------------ Prior period adjustments 1.29 3.68 ------------------------------------------------------------ Profit/(loss) before tax 18.13 (5.35) ------------------------------------------------------------ Provision for tax 1.67 - ------------------------------------------------------------ Net profit/(loss) 16.46 (5.35) ------------------------------------------------------------ Equity capital 25.63 16.63 ------------------------------------------------------------ Reserves excluding revaluation reserve 81.68 17.22 ------------------------------------------------------------
Comment:
Posts net profit of Rs16.46 crore in 1997-98 vs net loss of Rs5.35 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
VIKRANT TYRES LIMITED
Article Abstract:
Vikrant Tyres Ltd of Mysore has declared its unaudited financial results for the quarter ended June 30, 1998. (khr) --------------------------------------------------------- Unaudited Financial Results of Vikrant Tyres Ltd --------------------------------------------------------- Particulars Quarter ended Year ended (Rs in crore) 30.6. 1998 31.3. 1998 * --------------------------------------------------------- Net sales 102.08 369.82 --------------------------------------------------------- Other income 0.97 5.94 --------------------------------------------------------- Total expenditure 91.39 333.38 --------------------------------------------------------- Interest 4.05 18.97 --------------------------------------------------------- Gross profit after interest 7.61 23.41 --------------------------------------------------------- Depreciation 1.05 3.99 --------------------------------------------------------- Tax 0.69 1.67 --------------------------------------------------------- Net profit 5.87 16.46 --------------------------------------------------------- Equity share capital 25.63 25.63 --------------------------------------------------------- Reserves - 81.68 --------------------------------------------------------- * Audited ---------------------------------------------------------
Comment:
Posts net sales of Rs369.82 crore for FY1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: LARSEN & TOUBRO LIMITED. THE SLIP IS BEGINNING TO SHOW: LARSEN & TOUBRO
- Abstracts: MIRC ELECTRONICS LIMITED BHARAT ELECTRONICS LIMITED RIDING THE BOOM - MIRC ELECTRONICS
- Abstracts: CADILA SET TO LAUNCH DESI VIAGRA BY '99 ZYDUS CADILA RELEASES NEW DRUG. CADILA PROMOTERS MAKE OPEN OFFER FOR 47% OF CASIL HEALTH