Mumbai, May 20, 2022: Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT), today, reported profit before tax of Rs.132.49 Crores for Q4 of FY 22 as compared to Rs 258.79 crores during Q4 FY 21. The Revenue for Q4 of FY 22 stood at Rs 2,180.70 crores as compared to Rs 2,102.70 crores during Q4 of FY 21. The Earnings per Share (EPS) for Q4 of FY 22 was at Rs 5.77.
The Board of the Directors recommended a final dividend of Rs 0.50/- per equity share (representing 50%) on face value of Re. 1/- each for the financial year 2021-22. This dividend is in addition to the interim dividend of Rs. 4 per equity share (representing 400%) declared by the board on November 12th, 2021.
The company saw a robust demand in automotive sector from the replacement and export markets, though OEM sluggishness continued due to their manufacturing constraints. Industrial battery volumes have shown a healthy growth, especially in the UPS, telecom and export segments.
Mr. Jayadev Galla, Chairman & Managing Director of the Company, said “We are steadfast in our long-term strategy of Energy and Mobility leadership, and are building upon our strength to expand our global footprint for the lead-acid battery business, while at the same time making very good progress in the viable new energy technologies space.”
Addressing the recent challenges, Harshavardhana Gourineni, Executive Director – Lead Acid Business, says “We have successfully overcome the temporary hurdles in supply chain in the past year, and are well set to make the most of new opportunities.”
Commenting on the future focus of the company, Vikramadithya Gourineni, Executive Director – New Energy Business, added “After making a series of strategic investments to accelerate the development of cell chemistry and pack solutions, we are fast-tracking the establishment of a greenfield customer qualification plant for the manufacturing of Lithium Cells."
About Amara Raja Batteries Limited
Amara Raja Batteries Limited is an Energy and Mobility enterprise and one of the largest manufacturers of energy storage products for both industrial and automotive applications in the Indian battery industry. In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways and to the Power, Oil & Gas, among other industry segments. Amara Raja’s industrial battery brands comprise PowerStack®, AmaronVolt® and Quanta®. The Company is a leading manufacturer of automotive batteries under the brands Amaron® and PowerzoneTM, which are distributed through a large Pan-India sales & service retail network.
The Company supplies automotive batteries under OE relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors. The Company’s Industrial and Automotive Batteries are exported to countries in the Indian Ocean Rim.
Company :-Adfactors PR
User :- Abhishek Verma