Amara Raja Batteries reports 21% increase in Revenue from Operations in Q3 of FY22

cityairnews Feb 11, 2022 07:15 0

Tirupati, February 10, 2022: Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major, today, reported profit before tax of Rs.197.05 Crores for Q3 of FY 22 as compared to Rs 259.90 crores during Q3 FY 21. The Revenue for Q3 of FY 22 stood at Rs 2,365.07 crores as compared to Rs 1,960.12 crores during Q3 of FY 21. The Earnings per Share (EPS) for Q3 of FY 22 was at Rs 8.47.

For the quarter ended December 31, 2021

Particulars	Quarter Ended (Rs. in crores)
	December 31, 2021	December 31, 2020
Net Revenue from operations	2,365.07	1,960.12
Profit Before Tax	197.05	259.90

Revenue growth in the current quarter is aided by the increase in Aftermarket volumes across all product segments. The slowdown in the OEM production has resulted in lower volumes in both 2W and 4W batteries. Supply chain constraints are impacting the export volumes.

Industrial Volumes are stable across all segments and exports registered impressive growth. Demand signals from Telecom and UPS are robust.

Easing of the Covid restrictions should provide further opportunities to improve our capacity utilization. Margins are under pressure due to higher input costs. While some of these costs are recovered through price changes, focus is to improve internal process efficiencies thereby improving the operating margins.

Mr. Jayadev Galla, Chairman & Managing Director of the Company, said

“In line with our Energy and Mobility Strategy, we have initiated steps on value maximization of the lead acid business, pursuing opportunities in expanding our manufacturing foot print, and also making vital investments in technology partnerships, in the New Energy space”