Amara Raja Batteries posts 41% rise in Q4 net profit; revenue up 11%

Amara Raja Batteries, a leading industrial and automotive battery major in India, has posted a 41 per cent rise in net profit during the January to March quarter of 2022-23 to Rs 139 crore. This is compared to Rs 99 crore during the same period of the previous financial year.

During the period under review, the company’s revenue from operations also saw an increase of 11 per cent to Rs 2,429 crore, from Rs 2,181 crore during Q4 FY22. During the entire financial year 2022-23, its net profit zoomed by 35 per cent to Rs 695 crore compared to Rs 513 crore in 2021-22. For the entire year, revenue from operations also increased by 19 per cent from Rs 8,775 crore in 2021-22 to Rs 10,48- crore in FY23.