1,335 Firms Notch Up 26.2% Sales Growth

Other income of these companies went up by 6.1 per cent.

Total expenditure incurred by these companies increased by 24.9 per cent amounting to Rs 1,38,556 crore in 1995-96 as compared with Rs 1,10,977 crore in the previous year. The cost of production incurred by these companies increased at a lower rate compared with that of sales resulting in a 28.2 per cent rise in gross profits.

The depreciation provision made by these companies reported a significant rise of 31.8 per cent.

Interest payments rose by 36.2 per cent. As a result, the interest-sales ratio was reported to be higher in 1995-96 than in the previous year.

Paid up capital of these companies, increased by 12.5 per cent in 1995-96.