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

BASF Takes Indian Knowhow

February 3, 1968 cent rate of growth in its turnover despite the economic recession, but margins continued to shrink owing to higher operating expenses and interest charges. Sales expanded from Rs 44.46 crores to Rs 54 crores, but gross profits were only a shade better at Rs 2.55 crores. With depreciation taking more at Rs 53 lakhs (Rs 39 lakhs) and taxes less at Rs 1.09 crores (Rs 1.26 crores), net earnings were barely Rs 2 lakhs higher at Rs 93 lakhs. Dividend of 15 per cent has been maintained on the enlarged capital; cover of earnings over dividend has slipped from 1.8 times to 1.4 times.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top