Indian Rayon's net at 16.4 cr.

Indian Rayon and Industries, the Aditya Birla group company, has announced a net profit of Rs. 16.4 crores for the second quarter ended September 30, 2000 against Rs. 10.21 crores in the same period of the previous year. The turnover was higher at Rs. 392.28 crores against Rs. 280.04 crores. Other income amounted to Rs. 6.75 crores (Rs. 13.49 crores) giving a total income of Rs. 370.18 crores (Rs. 266.07 crores).

After providing Rs. 20.18 crores (Rs. 15.01 crores) for interest, the gross profit was Rs. 38.55 crores against Rs. 29.92 crores. The company also provided Rs. 2.29 crores for royalty paid to its wholly owned subsidiary Aditya Vikram Global Trading House for the technology and provided Rs. 17.64 crores (Rs. 19.71 crores) for depreciation. It provided Rs. 2.22 crores (nil) for tax. Exports were Rs. 92 crores (Rs. 70 crores).

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Section  : Business
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