Tata-Yodogawa's profits for 1997-98 stood at Rs 7.08 crore, against Rs 5.4 crore in 1996-97, after providing for Rs 4.3 crore for depreciation.The company has despatched 8600 tonne of finished rolls, maintaining its leadership in the roll industry. Tata-Yodogawa has recorded a production of Rs 9,109 crore.

Torrent Cables incurs Rs 12 cr net loss

Torrent Cables Ltd has incurred a net loss of Rs 11.86 crore in 1997-98, against a net profit of Rs 15.50 lakh in 1996-97. As per the audited results, the net loss is after adjustment of transfer of general reserve, short provisions of taxation and balance of profit aggregating to Rs 6.82 crore.

The company's sales also nosedived to Rs 60.06 crore from Rs 102.46crore in the previous year. The company attributed the dismal performance to slack market conditions, stiff competition, slump in cable prices and escalation of major raw materials prices.

Falcon Tyres turnover up 14 per cent

Falcon Tyres Ltd has registered a 14 per cent growth in turnover at Rs 98 crore for the year to March 31, 1998. Its profit before tax grew 46 per cent to Rs 4.95 crore during the period.

Profit after tax increased to Rs 2.56 crore, against Rs 2.12 crore in 1996-97. The earning per share has increased to Rs 8.19. Dividend per share has been stepped up to Rs 2.20 per share against Rs 2 declared in the previous year.

The production of two/three-wheeler tyres touched 3 lakh per month in 1997-98. It is now proposed to be increased to 350,000 tyres by the end of 1998-99. It will also take up marketing of cycle tyres and tubes shortly, according to a company release on Monday.