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

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PAPER PRODUCTS-Upgrading Resources

Rs 265,46 crore against Rs 225.89 crore and gross profit Rs 24.38 crore against Rs 17.18 crore. Although both depreciation and taxation have taken away more than in the previous year, net profit has jumped from Rs 2.73 crore to Rs 4.29 crore. The enhanced distribution is covered 1.65 times by earnings as against 1.31 times previously. The company has developed and launched a high performance truck tyre and a car tyre in the premium category. The company was able to maintain its market share of 20.4 per cent in truck tyres and was also able to step up its non-truck tyre sales, A specially-designed low weight tyre has also been developed, which is ideally suitable for North American markets. During the year, the company's exports of tyres increased from Rs 11.35 crore to Rs 18.43 crore as against the country's total tyre exports of Rs 59 crore and was awarded the Top Exporter of India' award in the automobile tyre panel by the AIRA and Capexil.

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