Bizbits

GSFC net profit drops 8.7%MUMBAI: Gujarat State Fertilizers & Chemicals (GSFC) has announced a 8.7 per cent drop in net profit during 19...

GSFC net profit drops 8.7%

MUMBAI: Gujarat State Fertilizers & Chemicals (GSFC) has announced a 8.7 per cent drop in net profit during 1997-98, even as other income was higher by Rs 20 crore over the previous fiscal. Net profit declined to Rs 169.95 crore, from Rs 186.15 crore in the previous fiscal. The company’s sales turnover, however, increased to Rs 1,999.31 crore from Rs 1,893.07 crore in 1996-97. GSFC has maintained its dividend payout at Rs 4.50 per share. Other income shot up from Rs 48.68 crore to Rs 68.68 crore during the period. Profit before tax stood at Rs 188.72 crore, against Rs 216.97 crore in the previous year. The company’s EPS declined to Rs 21.30 (Rs 26.70).

IOC profit up

MUMBAI: Indian Oil Corporation Ltd (IOC), a Fortune 500 company, has reported a 21 per cent jump in net profit to Rs 1,706 crore against Rs 1,408 crore in 1996-97. During 1997-98, sales turnover recorded a 6.8% jump to Rs 59,176 crore from Rs 55,.388 crore last year. It declared a higher dividend ofRs 5 per share against Rs 4 paid last. This year’s dividend outgo will be Rs 194.67 crore. The EPS has improved to Rs 43.83 from Rs 36.17. The refineries of IOC – at Guwahati, Barauni, Gujarat, Haldia, Mathura and Digboi – collectively achieved 100% capacity utilisation.

‘I respect all religions’: CJI Gavai on posts over his comments in Khajuraho case

India48 min ago

CJI B R Gavai clarifies his remarks on Lord Vishnu idol restoration in Khajuraho, emphasizing his respect for all religions. During a hearing, he dismisses a plea for reconstruction and advises the petitioner to pray and meditate instead of reacting on social media. Solicitor General Tushar Mehta defends CJI Gavai, highlighting his devotion and respect.

View all shorts

Live Blog