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IMPAL net up

CHENNAI: India Motor Parts & Accessories Ltd (IMPAL) has reported a turnover of Rs 46.87 crore for the quarter ended June 30, 2001, as against Rs 49.27 crore in the corresponding quarter of last year.

`Other income' was Rs 58.77 lakh, as against Rs 26.09 lakh previously.

The company's net profit was marginally higher at Rs 1.96 crore, up from Rs 1.88 crore previously.

Cost of sales, establishment charges and other administrative expenses amounted to, Rs 40.94 crore, Rs 1.31 crore and Rs 1.99 crore, respectively, as against Rs 43.04 crore, Rs 1.28 crore and Rs 2.04 crore in the same period last year.

Interest charges rose to Rs 10.76 lakh, as against Rs 1.77 lakh previously. Depreciation was also higher at Rs 20.30 lakh as against Rs 17.05 lakh previously.

In the year 2000-01, Impal's turnover had amounted to Rs 178.93 crore and net profit, Rs 6.37 crore. -- Our Bureau