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

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MYSORE CEMENTS-Power Shortages

Power Shortages Mysore Cements, a part of the S K Birla Group, hat registered mixed performance for 1993-94 with an increase in sales by 8 per cent; operating profit fell by 16 per cent, and gross profit by 8 per cent, and net profit rose by 26 per cent. The rise in margins was due to the fall in interest charges by 15 per cent, depreciation by 25 percent, and nil taxation. Other income fell by 12 per cent, while non-operating rose by 3 per cent. Exports were up by Rs 78 lakh, while imports fell by 8 per cent for the year. A dividend of 20 per cent was declared for the year. Debt-equity ratio fell by 34 percentage points, short-term bank borrowings fell by 1 percentage point for the year. While sales to total assets remained steady, sales to gross fixed assets rose by 1 percentage point for the year. Consumption of raw material felt for the year. Earning per share fell by Rs 2 per cent for the year. Remuneration to employees rose from 17 per cent in

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