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

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GUJARAT STEEL TUBES-Out of the Red

GUJARAT STEEL TUBES-Out of the Red

EPW Research Foundation GLOBAL TELE-SYSTEMS is engaged in the distribution and servicing of telecommunication products and has a market share of 20 per cent. The company has distribution and service tie-ups with Tata Keltron, Escorts, India Telecom and Rajasthan Communications. On the international front it has tie-ups with Murata of Japan, and Atlas V-Band Corporation, and AT&T of the US. Net sales were Rs 125.18 crore in 1993-94 against Rs 65.01 crore in the previous year, operating profit was Rs 8.79 crore (Rs 3.89 crore) and net profit Rs 5.07 crore (Rs 2.04 crore). Taxation was up by Rs 61 lakh and interest charges by Rs LI5 crore. Short-term bank borrowings fell by 51 percent. Imports were up by Rs 3.8 crore. A 20 percent dividend was declared against 17 percent in the previous year. Debt-equity ratio shot up by 192 percentage points for the year.

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