Friday, Apr 29, 2005
Friday, Apr 29, 2005 |
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Special Correspondent
KOLKATA: The results of the demerged Eveready Industries India Ltd (EIIL) show a post-tax profit of Rs. 46.30 crores against a loss of Rs. 40 lakhs in 2003-04. Net sales were lower at Rs. 745.70 crores against Rs. 968.20 crores. Total income stood at Rs. 680.90 crores, including an inflow of Rs. 25.90 crores from a real estate deal at Guindy in Chennai. The company Vice-Chairman and Managing Director, Deepak Khaitan, said the audited accounts for the year ended March 31, 2005 reflect the state of affairs of the demerged company "As such the results are not comparable," he said. After getting its brand valued at Rs. 660 crores by Ernst & Young, the company was planning a valuation by an overseas agency, he said. The company has decided to effect a 50 paise price increase in dry cells from May 1 passing on some of the input cost hikes.
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