Amara Raja Batteries Limited reports 9% growth in Revenue sequentially for the quarter ended December 31, 2017
Posted on: 12/Feb/2018 11:51:44 AM
Amara Raja Batteries Limited, India�s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT) today reported net revenue (excluding other income) of Rs. 1,553 crore in Q3 FY18 and Profit before Tax (PBT) of Rs. 198 crore.
The Automotive battery business has clocked healthy volume growth across the OE and aftermarket segments. AMARON and POWER ZONE brands continue to grow on the back of channel expansion initiatives and strong consumer preference. Exports to South East Asia and Middle East countries has also increased significantly on Year on Year basis.
The Industrial battery business recorded significant growth in UPS segment. Volumes in Telecom segment have seen a jump over previous quarter even as overall demand in Telecom continues to be subdued.
Commenting on the Q3 performance, Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said, �Since current capacity utilizations are nearing peak in most product lines, investments in capacity expansion is helping us meet the growing demand. We continue to focus on building capabilities to address emerging and future opportunities in energy storage and EV space.�
S. Vijayanand, CEO, Amara Raja Batteries Limited commented that �The robust growth numbers reported from Auto sector augurs well for the company and we have been able to strengthen our position both in OE and replacement market segment. The continued escalation of lead prices is a cause for concern and is partially offset by pricing actions.�
