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

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INDIAN RAYON AND INDUSTRIES-Higher Sales

EPW Research Foundation INDIAN RAYON AND INDUSTRIES Higher Sales INDIAN RAYON AND INDUSTRIES, a Kumaramangalam Birla group company, closed the year ended March 1996 with a sales turnover of Rs 1,211 crore, up by 30 per cent from Rs 929 crore recorded in the previous year. Other income moved up by 46 per cent. Interest costs were up by 38 per cent Provision for depreciation and tax moved up by 47 per cent and 1 per cent, respectively. The company ended with a net profit of Rs 185 crore, up by 41 per cent from Rs 131 crore recorded In the previous year. The company has hiked dividend payment from 57.50 per cent to 62.50 per cent for the year under review.

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