Conference Call with Amara Raja Batteries Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Amara Raja Batteries announced Q1FY24 results: Revenue from operations of Rs 2,769.94 crore in Q1FY24 compared to Rs 2,620.00 crore in Q1FY23 Profit before tax of Rs 258.36 crore in Q1FY24 comapred to Rs 176.96 crore in Q1FY23, up 46% YoY. The Earnings Per Share (EPS) for Q1FY24 is at Rs 11.27. Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries says, “Our revenue and profit numbers are a testament to our sustained growth story. We will continue to build our product range, cater to newer segments, and strengthen our International operations.” Speaking about the results, Jayadev Galla, Chairman & Managing Director of ARBL said, “We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament of the customer’s trust in our product’s quality and reliability. With our rapid movement in the Li-ion initiatives, we are poised for a strong future.” Result PDF