In The Red

Sales turnover during the year ended September 1996 increased by 8.1 per cent to Rs 464.9 crore (Rs 430.2 crore). The reduction in import duty on caustic soda in the last Budget also affected the profitability of the company. During the year, the company has reported a net loss of Rs 5.2 crore compared to net profit of Rs 4.1 crore in the previous year. However, the profitability during the year under review, from the manufacturing activity has shown improvement when compared to the previous year. This is because the previous year