Amara Raja Batteries reports 99.61% jump in profit before tax in Q1 of FY22;
Amara Raja Batteries reports 99.61% jump in profit before tax in Q1 of FY22;
Founder-Chairman Dr. Ramachandra N
Galla retires today after 36 years of service;
Mumbai, August 14, 2021: Amara
Raja Batteries Limited, India’s leading Industrial and Automotive Battery major
(BSE: 500008 & NSE Code: AMARAJABAT), today, reported profit before
tax of Rs.167.04 Crores (Rs 83.68 crores) for Q1 of FY 2021-22. The Revenue for
Q1 of FY 22 stood at Rs 1,885.86 crores as compared to Rs.1,151.04 crores
during Q1 of FY 21. The Earnings per Share (EPS) for Q1 of FY 22 was at Rs 7.26.
For the quarter ended June 30, 2021
Rs. in Crores
|
Particulars |
Quarter
ended |
|
|
|
June
30, 2021 |
June
30, 2020 |
|
Net Revenue from operations |
1,885.86 |
1,151.04 |
|
Profit Before Tax |
167.04 |
83.68 |
Even as the current quarter was
impacted by lockdowns due to pandemic, the aftermarket demand across product
segments in both automotive and industrial segments remained strong. The
Automotive Business revenue grew on the back of a very strong growth in Exports
and OEMs compared to last year. In the industrial business both Telecom and UPS
applications have registered strong YoY growth.
Mr. Jayadev Galla, Vice Chairman
& Managing Director and CEO, Amara Raja Batteries Limited, said
“While the uncertainties due to second
wave of Covid and the resultant lockdowns are creating unpredictability in the
product off take, we are focused on ensuring the product availability across
all market segments by calibrating manufacturing operations and supply chain
dynamically.”
Mr Jayadev Galla further explained “Even
as we prepare ourselves for the future opportunities in both the energy storage
and e-mobility applications, we remain focused on maximising the value of the
lead acid business by selective investments in expanding product portfolio and
the geographies we serve.”
Meanwhile,
August 14 holds special significance for Amara Raja Batteries Ltd, as the
Founder-Chairman, Dr. Ramachandra N Galla is retiring today after 36 years of
peerless service.
While
handing over the baton, Dr. Ramachandra
N Galla, Founder-Chairman, said: “As
I prepare to demit charge and transfer all organizational responsibilities to
our Vice Chairman & MD-CEO Jayadev Galla, I want to reassure all
shareholders and other stakeholders that the Company is in absolutely safe and
in efficient hands. I also wish to place on record my gratitude to all
stakeholders who have stood by the Company through thick and thin, particularly
during the challenging moments of the ongoing pandemic. Needless to mention,
moving forward, I would continue to be available in case any guidance or
counsel is required from my end.”
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.
Safe Harbor
