Amara Raja Net Rises To Rs 3.8 Cr In June-quarter

Chennai, July 30: | Updated: Jul 31 2002, 05:30am hrs
Amara Raja Batteries Ltd (ARBL) on Tuesday reported a net profit of Rs 3.8 crore for the quarter ended June 2002 compared to Rs 3.2 crore it posted in the same quarter last year.

The net sales of the company stood at Rs 37.1 crore compared to Rs 23.3 crore for the same period.

The company’s interest burden was lower at Rs 7.4 lakhs, down from Rs 10.5 lakh during the period. The depreciation during the quarter stood at Rs 2.75 crore (1.95 crore).

During the quarter under review, the company has tied up with two new original equipment manufacturers, Palio and Honda Accord for the supply of Amaron ‘Hi-life’ batteries.

Amara Raja has also entered into a private label agreement with Lucas Indian Services during the period.

“We have maintained our leadership in industrial VRLA batteries and automotive battery business and growing ahead of the market. Together with our alliance partner, we are actively exploring export markets for further growth”, Ramachandra N Galla, chairman and managing director, ARBL said in a press release.