BPL Limited, the flagship company of BPL Group, has posted a 7% drop in net profit for the second quarter ended 30th September 2000. The turnover for 2QFY01 includes turnover from sales of audios of Rs 253 m and dry cell batteries of Rs 228 m, which are now being sold by BPL's associate companies. The continuous rupee depreciation has had severe impact on margins.
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The company is expected to post a sharp drop in turnover for FY01 given the intensity of competition as well as rising component costs.
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