iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Amara Raja Batteries reports 39% yoy increase in revenues during Q1FY23; Stock soars 2%

8 Aug 2022 , 01:27 PM

Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major has reported profit before tax of Rs176.96 crore for Q1 of FY 23 which is a growth of 33% over Q4 of FY22. The revenue stood at Rs2,620 crore as against revenue of Q1FY22 of Rs1885.86 crore.
The Earnings per Share (EPS) for Q1 of FY23 was at Rs7.70.
The company witnessed strong demand in the automotive sector from the aftermarket as well as four-Wheeler and two-Wheeler OEM segments. Industrial battery volumes have shown a healthy growth in the UPS and telecom segments.
Jayadev Galla, Chairman & Managing Director of the Company, commented, “It is notable that even in the face of global uncertainties we have managed not only to outperform financially but also to launch new marketing and distribution initiatives to further strengthen our brands.”
Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries adds “The company is witnessing some continued pressure to the margins due to increase in power and other input costs, however programs are in place to recover these costs during the balance of the year, including our captive solar generation.”
At around 1:27 PM, Amara Raja Batteries was trading at Rs513.70 per share up by Rs8.95 or 1.77% from its previous closing of Rs504.75 per share on the BSE.

Related Tags

  • Amara Raja Batteries Ltd
  • Amara Raja Batteries Ltd shares
  • Amara Raja Batteries Ltd stocks
  • financial results
  • news
  • Q1FY23
  • results
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.