Murugappa Group registered a growth of 12 per cent in turnover at Rs 36,893 crores during 2018-19 (last year Rs 33,079 crore).
Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) posted a growth of 12 per cent, at Rs 5,190 crore (last year Rs 4,618 crore). Profit after Tax was Rs 2,880 crore (last year Rs 2,432 crore) registering a growth of 18 per cent.
A: Company-wise Performance:
Figures in Rupees Crores
B: Market Capitalisation
Market Capitalisation of the listed companies of the group aggregates to Rs 66,000 crore as of March 31, 2019.
C: Major Initiatives
4. Carborundum Universal has initiated the capacity expansion of coated maker plant at Sriperumbudur.
5. Tube Investments has commissioned new plants for Tubes at Rajpura and undertaken capacity expansion in Metal Forming business.
6. EID Parry has successfully commissioned back-end refinery at Haliyal.
8. TI Financial Holdings Limited rechristened as Cholamandalam Financial Holdings Limited.
D: Capital Expenditure
Aggregate capital expenditure programmes towards expansion/debottlenecking/modernising/digital infrastructure facilities across group companies were over Rs 750 crore during the year.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)