Amara Raja Batteries reports 17% increase in Revenue from Operations in Q2 of FY22

Mr. Jayadev Galla, Vice Chairman & Managing Director and CEO, Amara Raja Batteries Limited

Tirupati, November 12, 2021 (GPN):
Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT), today, reported profit before tax of Rs.193.22 Crores for Q2 of FY 22 as compared to Rs 270.96 crores during Q2 FY 21. The Revenue for Q2 of FY 22 stood at Rs 2,264.19 crores as compared to Rs 1,935.82 crores during Q2 of FY 21. The Earnings per Share (EPS) for Q2 of FY 22 was at Rs 8.44.
For the quarter ended September 30, 2021

Particulars Quarter Ended (Rs. in crores)
September 30, 2021 September 30, 2020
Net Revenue from operations 2,264.19 1,935.82 Profit Before Tax 193.22 270.96
Automotive Revenues in the current quarter have grown on the back of robust demand from Aftermarket across all product segments. Industrial volume growth was stable across all segments particularly the UPS business registered higher volume growth. Though Challenges around supply chain are still persisting in select export markets and the increased raw material prices are affecting the margins.

Mr. Jayadev Galla, Chairman, Managing Director & CEO of the Company, said
“The demand signals are positive across all product segments but the increased input material costs are driving the margins negatively. We will continue to focus on cost optimization and work towards improving
the operating margins.

We are working on our new energy strategy to participate in the emerging opportunities in the new chemistries and have started our Lithium battery pack supplies for three wheeler application.”

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.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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