Highlights:

• Amara Raja Batteries reports 99.61% jump in profit before tax in Q1 of FY22.
• Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major 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
• 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.”

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