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

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Management Tightening Yields Results

Hansavivek RALLIS INDIA's accounts for 1978-79 include assets, liabilities, and profits of Ralli Chemicals (the former wholly owned subsidiary which, has since beep amalgamated with, it with effect from September. 1, 1978) and are, therefore, not strictly comparable with those of the previous year. But the profit figures reflect a substantial improvement. Although net sales have risen modestly from Rs 140,05 crores to Rs 150.33 crores, gross profit has doubled from Rs 2.42 crores to Rs 4.88 crores, demonstrating a strong upsurge of gross margins. Net profit, however, is about equal to last year's because tax liability has taken away as much as Rs 3.36 crores against nil previously. The maintained divident of IS per cent is covered 2.54 times against 258 times. The management attributes these results to the continued improvement in trading conditions, restricted use of working capital and increased levels of production, Other steps have been taken to further improve the company's profitability and achieve sustained growth in the future.

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