HDC-Special Steels Project

Higher Profitability CARBORUNDUM UNIVERSAL has fared well during 1987-88, Turnover, profits and margins are all considerably higher than in the previous year. The directors have stepped up dividend from 18 per cent to 25 per cent. The company has shown a gross profit of Rs 11.52 crore against Rs 7.75 crore previously following a turnover of Rs 54.10 crore against Rs 46.48 crore. Net profit is higher at Rs 5.72 crore (Rs 3.72 crore) even though provisions for depreciation and taxation have taken away more. The enhanced distribution is covered 3.87 times by earnings as against 3.47 times.