ARVIND MILLS-Speeding Ahead

EPW Research Foundation ARVIND MILLS Speeding Ahead ARVIND MILLS, the Ahmedabad-based Sanjay Lalbhai group flagship company, closed the year ended March 1995 with a sales turnover of Rs 584 crore, up by 47 per cent from Rs 396 crore in the previous year. Other income moved up by 85 per cent. Interest costs moved up by a whopping 523 per cent. Provision for depreciation was down by 36 per cent and aided by a zero tax provision, the company closed the financial year with a net profit of Rs 106 crore, up by 45 per cent from Rs 73 crore in the previous year.