Amara Raja posts Rs 293 crore profit for Q2 FY2024

Amara Raja Energy & Mobility (ARE&M), formerly known as Amara Raja Batteries has reported its financial results for Q2 FY2024 with revenue of Rs 2,810 crore, up 4 percent YoY, as against Rs 2,699 crore a year ago. The net profit came at Rs 293 crore, up 6 percent YoY, as against Rs 276 crore last year.

Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said, “Our automotive and industrial businesses witnessed consistent performance. As a company, we are proceeding with renewed vigour by building our product range, penetrating new geographies, establishing new customer partnerships, and driving operational excellence.”