Beginning of a Turn-Around

Beginning of a Turn-Around?
Kumaran Pola HINDUSTAN MOTORS achieved a 36 per cent growth in net sales to Rs 565.01 crore during the year ended March 31, 1990. The other income earned by the company declined from Rs 13.18 crore to Rs 7.89 crore. Although there were increases in certain categories of expenses, the company was able to bring down the expenses to sales ratio from 0.97:1 in the explanation for the 39 per cent increase