Amar Raja Batteries has recorded a 21 per cent increase in turnover to touch an all time high of Rs 1.88 billion during the fiscal ended March 31 last as against Rs 1.55 billion in the previous fiscal. According to figures released by the company, the net profit however came down to Rs 182 million from Rs 205.3 million in the 2000-01 fiscal mainly on account of providing for deferred tax of Rs 45.4 million The board of directors has recommended a dividend of 35 per cent, same as that of the previous year. Commenting on the results, Ramachandra N Galla, chairman and managing director of the company said that it was significant that in a year beset with challenges, the company managed to buck the trend and register a 21 per cent growth.
NSTL
