 |
Electrosteel’s turnover increased 10.29
percent from Rs 656.86 cr in 2002-03 to Rs
724.45 cr in 2003-04. |
|
Profit after tax declined
from Rs 97.46 cr to Rs 73.68 cr during the
period mainly due to expiry of exemption
U/s 801A of Income Tax act, reduction of
benefits U/s 80 HHC of the Act and the element
of large long term capital gains in the composition
of profits in the preceding year. |
|
The company rationalised
its interest outflow from Rs 14.31 cr to
Rs 5.03 cr in 2003-04. |
|
Increased provision for
income tax from Rs 20.67 cr to Rs 34.83 cr
in 2003-04. |
