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Tuesday, October 26, 1999
Kalyani Brakes record marginal profit rise
EXPRESS NEWS SERVICE
PUNE, Oct 25: Kalyani Brakes Ltd has recorded a marginal increase in its net sales for the quarter ended on September 30, 1999 from Rs. 29.8 crore in the corresponding period last year to Rs. 36.7 crore this year.The net profits of the company also increased marginally from Rs. 1.09 crore for the corresponding period last year to Rs. 1.98 crore this quarter. Other income dropped to Rs. 60.13 lakh for this quarter as against Rs. 74.3 lakh while total expenditure increased to Rs. 33.6 crore this quarter as compared to Rs. 27.7 crore for the corresponding period last year. Depreciation increased to Rs. 1.25 crore as against Rs.1.20 crore for the same quarter in the previous year. Gross profit after interest but before depreciation and taxation rose to Rs. 3.4 crore this quarter as compared to Rs 2.3 crore for the corresponding period in the previous year. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.

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