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

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RAYMOND SYNTHETICS-Recession Overcome

EPW Research Foundation INDIAN RAYON AND INDUSTRIES New Projects THE Aditya Birla group blue chip Indian Rayon and Industries has shown excellent performance for 1993-94 with net sales going up by 51 per cent. Operating profit and net profit also rose by 70 per cent and 135 per cent, respectively. There has been a considerable increase in other income and non-operating surplus by 158 per cent and 166 percent, respectively. The company has declared a dividend of 55 per cent for the year as against 50 per cent for the previous year. On the international from the company's exports went up by 52 percent and its imports by 37 per cent. The company's debt-equity ratio has come down sharply.

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