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Milestones <strong>2003</strong>-04<br />
1<br />
An 8 per cent increase in the<br />
turnover from Rs. 1726.39<br />
crores in 2002-03 to<br />
Rs. 1861.05 crores in <strong>2003</strong>-<br />
04. After discounting the<br />
de-growth in the Digital<br />
segment and the revenues<br />
from the Industrial<br />
Electronics, Capacitor and<br />
Informatics Divisions, whose<br />
operations were suspended<br />
last year, the effective growth<br />
is 13 per cent.<br />
3 5 7<br />
A 151 per cent increase in the<br />
profit after tax from<br />
Rs. 28.17 crores in 2002-03 to<br />
Rs. 70.83 crores in <strong>2003</strong>-04.<br />
A reduction in borrowings by<br />
27 per cent, from Rs. 459<br />
crores in 2002-03 to Rs. 334<br />
crores in <strong>2003</strong>-04.<br />
Long term debt rating of<br />
A+(Ind), assigned by FITCH<br />
Ratings India; indicating<br />
adequate credit quality and<br />
timely repayment capacity.<br />
A 170 per cent increase in A significant reduction in the<br />
Profit before Exceptional interest liability by 40 per<br />
Items and Tax from Rs. 31 cent, from Rs. 64.43 crores in<br />
crores in 2002-03 to Rs. 83.69 2002-03 to Rs. 38.48 crores in<br />
crores in <strong>2003</strong>-04.<br />
<strong>2003</strong>-04.<br />
2 4<br />
Upgradation of CG’s credit<br />
rating from F1 to F1+ by<br />
FITCH Ratings India, in respect<br />
of its <strong>com</strong>mercial paper/short<br />
term debt programme. This<br />
rating is the highest credit<br />
rating that can be assigned to<br />
this category of instrument.<br />
6<br />
An increase in the EBIDTA<br />
return on capital employed:<br />
from 22.7 per cent in 2002-03<br />
to 27 per cent in <strong>2003</strong>-04.<br />
8<br />
4
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