T chips/flakes, core spun yarn and geo textiles, reported sales income of Rs 67.1 crore (Rs 56.6 crore), up 18.6 per cent during FY96-97. Total expenditure increased by 28.8 per cent to Rs 54.9 crore (Rs 42.6 crore). Interest cost rose by 13.2 per cent to Rs 3.1 crore from Rs 2.7 crore. Gross profit slumped by 19 per cent to Rs 9.2 crore (Rs 11.3 crore). Rise in depreciation to Rs 2.8 crore (Rs 1.8 crore) and tax provision to Rs 80 lakh from zero in the previous year pulled down the net profit which dropped by 41.8 per cent to Rs 5.6 crore from Rs 9.5 crore.
