4 Nov 2022 , 11:47 AM
The company reported revenue from operations of Rs2,699.46 crore in Q2FY23 as against Rs2,264.19 crore of corresponding year, registering a growth of 19% yoy. Further, the company has announced an interim dividend of Rs2.90 per equity share of face value of Rs1 each. The Earnings per Share (EPS) for Q2 of FY 23 was at Rs11.84.
The company witnessed robust demand in the automotive sector from the aftermarket as well as OEM segments. Exports showed very healthy growth in Middle East and South East Asian markets. Industrial battery volumes continued their upswing, especially in the telecom segment driven by 5G rollout preparations in India.
Harshavardhana Gourineni, Executive Director — Automotive & Industrial Business said “We have rebounded from the cost pressures of the previous quarters and have grown the business across verticals. We are optimistic that the economic drivers will remain stable in the near future.”
On Friday early morning trade, Amara Raja Batteries Ltd is currently trading at Rs543.85 per share up by Rs24.05 or 4.63% from its previous closing of Rs519.80 per share on the BSE.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.