ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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escalation .in costs of labour and material.
TCI Wheels on Rent TRANSPORT CORPORATION OF INDIA has fared very well during 1988 and is back on the dividend list, after absence of a year, with a 10 per cent distribution. Gross profit has expanded from previous year's Rs 2.99 crore to Rs 6.67 crore while turnover has increased from Rs 97.05 crore to Rs 112 crore. These figures show a fair widening of profit margins. Although necessary provisions have taken away more, net profit is higher at Rs 142 lakh (Rs 94 lakh) providing a 2.33 times cover to the recommended dividend. The transport division showed excellent performance in spite of unprecedented drought in major parts of the country. The shipping division too performed very well. Production and sales of Bhoruka Textiles were higher than the previous year, but profitability was affected due to power cut in Karnataka and high cost of captive energy used in the unit. The performance of Bangalore Wire Rod Mill also continued to be affected due to power cut averaging at 55 per cent and non-availability of sufficient quantity of billets for rolling. There was no productive activity at Mukesh Textile Mills during this year also.

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