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

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GLAXO INDIA-Major Restructuring

EPW Research Foundation PHILIPS INDIA Strategy for Growth PHILIPS INDIA'S (PIL) performance in the financial year ended December 4995 was marked by a 48 per cent fall in net profits in spite of a 33 per cent increase in turnover. Interest cost moved up by 74 per cent from Rs 16 crore to Rs 28 crore. A 20 per cent increase in provision for depreciation was more than nullified by a 58 per cent decline in tax provision.

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