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

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ETERNIT EVEREST-Low Margins

EPW Research Foundation KALYANI STEELS Out of Recession KALYANI STEELS has performed satisfactorily in 1993-94 with net sales going up by 5 per cent (Rs 5.7 crore) and net profit rising by 6 per cent, though operating profit fell by 24 per cent. Other income rose by 58 per cent (Rs 5.14 crore) and nil taxation and a 71 per cent fall in interest charges helped in holding up margins. A 106 per cent (Rs 9.55 crore) fall in non- operating surplus and a 15 per cent (Rs 62 lakh) increase in depreciation were detrimental to the company's bottomline. A dividend of 40 per cent was declared for the year.

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