Amara Raja Batteries Q3FY20 result reported a revenue of Rs. 1747.81 crores 

Amara Raja Batteries Q3FY20 result reported a revenue of Rs. 1747.81 crores 

 

 

Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major today reported a revenue of Rs. 1747.81 crores in Q3 FY 20 (Rs. 1694.66 crores) with a growth of 3 % and profit after tax (PAT) of Rs. 164.41 crores (Rs. 130.89 crores). The Earnings Per Share (EPS) for Q3 FY 20 was at Rs. 9.63

For the quarter ended December 31, 2019

OE and Telecom sectors continue to experience demand slow down. However, the replacement demand
for AMARON, POWER ZONE and QUANTA batteries across market segments helped the company
achieve healthy volume growth. Exports to countries in the Indian Ocean Rim geography continue to
gain traction.
Commenting on the Q3 performance, S. Vijayanand, CEO, Amara Raja Batteries Limited
commented, “Our focus on operational excellence and cost efficiency is helping us stay competitive
under difficult economic conditions. The planned investments in capacity enhancement and technology
upgradation are progressing as per schedule.”

Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said,
“The automotive sector is facing challenges of demand uncertainty due to social, regulatory and
technological changes. The coming months will provide clarity on the medium and long term growth
trajectory of this sector. We are closely tracking the emerging opportunities and will continue to
leverage our strengths to tap into these opportunities at the right time.”

 

ITC Financial Results for the Quarter ended 31st December, 2019 Post tax profit up 29%

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