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

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Low Profits on Electricals

WEST COAST PAPER MILLS has suffered Low Profits on Electricals a sharp setback in its working during 1985-86. Although turnover was only Hansavivek marginally lower at Rs 62.22 crore against VOLTAS has registered a fair recovery in its performance during 1985-86 with a gross profit rising from previous year's Rs 2.44 crore to Rs 6.52 crore following increase in turnover from Rs 252 crore to Rs 273 crore. These figures show considerable improvement in profit margins. Net profit is Rs 3.12 crore against Rs 1.21 crore in the previous year. The directors have barely maintained dividend at 10 per cent which is covered 176 times by earnings as against 1.34 times previously. In view of the large tax claims made on the company the liability for which remains undetermined, the directors have, as a measure of caution, provided Rs 2 crore for contingencies in the accounts.

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