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Update at 1110 hrs (IST)


Corporate
Amara Raja Batteries net up at Rs 42.55 cr

MUMBAI: Amara Raja Batteries Ltd informed the BSE on Friday that its net profit for the first quarter ended June 30, 2009 has increased by 185 per cent to Rs 42.57 crore as compared with Rs 14.92 crore in the corresponding quarter of last fiscal. Net sa les stood at Rs 306.37 crore for the quarter ended June 30, 2009 against Rs 313.97 crore during last year period.

The company’s Managing Director, Mr Jayadev Galla said: “Revived profits outlook in the customer segments has enabled us to grow this quarter. The growth in profit during the quarter was aided by improved efficiencies, cost control, moderation of input c osts coupled with appreciation in the Indian rupee.

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