InvestorQ : How did you find the latest quarterly results of Amara Raja Batteries for the quarter ended Dec-20?
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How did you find the latest quarterly results of Amara Raja Batteries for the quarter ended Dec-20?

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10 months ago
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For the Dec-20 quarter, Amara Raja Batteries which is based out of the state of Andhra Pradesh has reported 18% growth in PAT at Rs.193.70 core. This growth was largely driven by better inventory management. In terms of top line, Amara Raja Batteries reported 12.18% growth in gross revenues for the Dec-20 quarter at Rs.1,961 crore.

Amara Raja is into the manufacture of lead and acid storage batteries essentially cater to the automobile segment. The growth reflects the sharp turnaround in demand in the automobile sector in recent months. That has boosted the original equipment manufacturer or OEM segment demand. This is a consequence of normal activity returning to large swathes of India which also resulted in replacement demand for batteries.

Operating profits were up by just 9.92% at Rs.228 crore and this was due to the impact of the 3-fold rise in other income. OPM tapered marginally from 11.86% in Dec-19 quarter to 11.62%. However PAT got a boost from higher other income as a result of which, the PAT margins expanded in a small way from 9.39% to 9.88% in the Dec-20 quarter.

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