Machines for All

Machines for All Kumaran Pola GREAVES COTTON achieved a new peak in net sales during the year ended March 31, 1990 at Rs 212.16 crore representing an increase of 11 per cent on an- nualised basis over Rs 142.78 crore during the 9-month period ended March 31,1989. The other income of the company also showed a similar increase by 11 per cent from Rs 2.97 crore to Rs 4.40 crore. The pressure of costs remained high with the expenses to sales ratio being 0.96:1 in 1989-90 as compared to 0.95:1 in the preceding year. The raw material costs increased by 16 per cent and employees costs by 5 per cent on an annualised basis during the year. Other expenses and adjustments in respect of purchase of finished goods, etc, spurted by 13 per cent.