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

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UPCOM CABLES-Rise in Interest Cost

EPW Research Foundation USHA MARTIN INDUSTRIES Expansion and Modernisation USHA MARTIN INDUSTRIES, a part of the Jhawar group, saw an encouraging performance in 1995-96 when it earned a 26.2 per cent higher net profit over the previous year. A leader in wire and wire ropes, the company achieved a 20.1 per cent rise in net sales and a 14.9 per cent increase in value of production during the same period. At a time when the economy suffered from an acute liquidity crunch, the company managed to keep its interest cost (up 10.5 per cent) under control A lower increase in depreciation (up a mere 4 per cent) helped the company post a favourable increase in its bottomline.

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