The company’s standalone profit before tax increased to ₹323.97 crore from ₹308.73 crore on-year.
04 Nov 2024 | 5874 Views | By Autocar Professional Bureau
Amara Raja Energy & Mobility Ltd., a comprehensive solutions provider in the Energy and Mobility sectors, reported an 11.6% increase in revenue for the second quarter of FY25 compared to the previous year. The company announced a profit before tax of ₹323.97 crore for Q2 FY25, reflecting a growth rate ...
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Amara Raja Energy & Mobility Ltd., a comprehensive solutions provider in the Energy and Mobility sectors, reported an 11.6% increase in revenue for the second quarter of FY25 compared to the previous year. The company announced a profit before tax of ₹323.97 crore for Q2 FY25, reflecting a growth rate of 4.9% over the same quarter in FY24. The earnings per share (EPS) for this quarter stands at ₹13.15.
On a standalone basis, revenue from operations rose to ₹3,135.83 crore from ₹2,811.14 crore year-on-year, while profit before tax increased to ₹323.97 crore from ₹308.73 crore year-on-year. The company attributed the revenue growth is attributed to healthy year-on-year volumes in the automotive aftermarket and export markets.
Harshavardhana Gourineni, Executive Director of Automotive & Industrial, said, “The revenue and profit numbers showcase our consistent performance across verticals. We have witnessed good traction from the new geographies that we expanded into last quarter, spearheaded by our new range of indigenously designed AGM batteries.” He added that the company is looking at growing bigger in the coming months and will continue to build its product range, cater to newer segments, and strengthen its global presence.
Vikramadithya Gourineni, Executive Director of New Energy Business, added that the company has strengthened its customer alliances in the last quarter, which gives it the confidence in steps taken so far. Amar Raja is on track with the construction of the new cell manufacturing plant, along with expanding the battery pack facility that has been inaugurated recently.
Jayadev Galla, Chairman & Managing Director of ARE&M said, “We are taking rapid strides in the Li-ion battery and chargers segment and have made new additions to our advanced lead-acid battery portfolio, promising a growth-oriented future.”