Amara Raja Batteries Q1 Results Out: Everything’s UP!

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Amara Raja Batteries Q1 Results

Amara Raja Batteries results on August 12th reported a 45.55 percent increase in consolidated profit after tax at 192.14 crores in the first quarter that ended June 30th, 2023.

The company posted a consolidated profit after tax of Rs 132.01 crore in the same quarter last fiscal Amara Raja Batteries Ltd (ABRL) said in a regulatory filing.

The Earnings Per Share (EPS) for Q1 of FY24 is Rs 11.27. 

Visible trends last year

  • The consolidated revenue from operations was Rs 2 795,51 crores against 2620 53 crores in the year-back period. 
  • Total expenses were higher at Rs 2,560 69 crores compared to Rs 2.460 crores in the fiscal year. 

Amara Raja Batteries have reported significant growth in profits and revenue quarter on quarter which is a testimony to the customer’s trust in the product quality and reliability. 

Management Views about Amara Raja Batteries Ltd.

“Our revenue and profit numbers are a testament to our sustained growth story,” says Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries. We will expand our product line, target newer markets, and strengthen our international operations.”

“In the New Energy segment, we’ve seen healthy growth from chargers, as well as increased interest in cells and battery packs.” “We are moving quickly with our Gigafactory and advanced energy research and innovation Centre work,” says Vikramaditya Gourineni, Executive Director of New Energy Business.

“We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament to the customer’s trust in our product’s quality and reliability,” stated Jayadev Galla, Chairman & Managing Director of ARBL. With our rapid progress in Li-ion activities, we are well positioned for a bright future.”

Insights about Amara Raja Batteries

Amara Raja Batteries Limited (ARBL) is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. 

The Amara Raja Group is known for its automotive battery brand Amaron, the second largest-selling automotive battery brand in India after Exide Industries. Amara Raja Group employs a workforce of more than 15,216 employees.

The current Amara Raja share price is Rs 617.90, Rs.

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