Amara Raja posts Rs 313 crore net profit for Q3 FY2024
Amara Raja Energy & Mobility, formerly known as Amara Raja Batteries, a comprehensive solutions provider in the Energy & Mobility space reported its financial results for Q3 FY2024.
The revenue came at Rs 2,881 crore, up 9.25 percent and net profit of Rs 313 crore, up 3.64 percent YoY.
In the automotive battery business, the company saw a smart uptick in both domestic and export businesses with volume growth in the OEM and aftermarket segments. The boom in the telecom sector acted as the major driver for the industrial battery volumes which witnessed strong growth.
