Gross profits (after interest but before depreciation and taxation) was Rs 56.28 crore, indicating a 32.20 per cent decline over Rs 83.01 crore posted in the corresponding period last fiscal.
It appears that the sanction of only a small increase of 8 paise per unit against its demand for 24 paise per unit in fuel surcharge asked by the CESC management and the delay in finalising the tariff revision has affected the company's performance.
A tariff revision approved by the state government has come into effect from November 20, 1996, while the fuel surcharge is still under discussion. Net sales at Rs 648.55 crore showed a 12.63 per cent rise over Rs 575.81 crore previously.
ing period 1995-96. Total turnover was pegged at Rs 672.60 crore(Rs 598.01 crore) on a paid equity share capital of Rs 52.16 crore.
