Amara Raja maintains growth momentum

Amaron-JaydevGalla-picAmara Raja Batteries Ltd. has reported net sales (excluding other income) of Rs. 1,025 crores in Q1 FY15 (Rs. 887 crores) – a 16 per cent growth and profit after tax (PAT) of Rs. 106 crores (Rs. 98 crores) – a 8 per cent growth.

The Automotive Battery Business continued to maintain the growth momentum in Four wheeler batteries backed by improved aftermarket sales arising out of strong preference for our brands Amaron and PowerZoneTM. The significant volume growth in Two wheeler batteries (Amaron ProbikeRider) has added to the performance of the business unit. The capacity expansion undertaken by the Company is in advanced stages of completion which would enable the Company, to meet future demand and enhance the market share.

Commenting on the Q1 performance, Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries, said: “We are delighted to report the highest revenue and profit for a quarter. The green field expansion of automotive battery facility would accelerate the growth momentum and enhance market share”.