ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Lower Sales, Higher Margin

Lower Sales, Higher Margin Hansavivek MODI INDUSTRIES has shown improved results for 1983-84 in spite of poor power supply position, demand recession and poor sales realisation. Gross profit amounted to Rs 3.26 crore against Rs 2.76 crore in previous year even though sales were slightly lower at Rs 89.17 crore against Rs 90.0 2 crore, reflecting enhancement of margins. With depreciation claiming more, however, net profit declined from Rs 135 lakh to Rs 76 lakh. Dividend has been slashed from 18 per cent to 10 per cent and is covered 3.27 times against 3.33 times previously. Directors say that working in current year is satisfactory and they expect better performance.

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