Amara Raja Batteries nets Rs. 100-cr in Q2; to set up tubular battery unit.

Amara Raja Batteries has posted a net profit of Rs. 100.30 crore for the second quarter ended September 30 as against Rs. 94.58 crore for the same period last year.

The company registered strong numbers based on volume growth. The company has registered higher income of Rs. 1,060 crore for the second quarter, up 32 per cent as against Rs. 805 crore for the corresponding quarter last year.

The company's board, which met at Chongqing in China, approved the setting up of a tubular battery plant.

Jaydev Galla, Vice-Chairman and Managing Director, said, '{The continuing growth momentum of the company is reflected by the highest revenue and profit for a quarter. The Greenfield expansion project for four-wheeler automotive batteries and the project for addition of two lines of expanding two-wheeler batteries capacity are progressing well. The proposed project for tubular battery manufacturing facility, approved at the board meeting will support to accelerate the growth momentum and secure us additional market share in the near future,' Galla said.

The automotive battery business continued to maintain its growth trend in four wheeler batteries backed by improved sales in aftermarket segment in both of the preferred brands Amaron and Powerzone. The continuing volume growth in two-wheeler battery brands has been a significant contributing factor to the business.


HBL