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

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SANDVIK ASIA-Margins under Pressure

Higher Return on Equity CROMPTON GREAVES has reported improved performance for the year ended March 31,1990. There was a rise in sales (net of excise duty) from Rs 285.63 crore during the nine-month period ended March 31,1989 to Rs 457.48 crore during the twelve-month period ended March 31, 1990, This represented an improvement of 20 per cent on an annualized basis. The company earned a net profit of Rs 15.90 crore during the year as against Rs 10.35 crore in the preceding 9-month period.

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