20 Jul 2019 | 7:23 AM

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Amara Raja Batt. Q3 net profit down 2.65% at Rs 130.89 cr
  Amara Raja Batteries Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 130.89 crore for the quarter ended December 31 2018 as compared to Rs 134.45 crore in the same period last year registering a year-on-year decline of 2.65 per cent.


Net revenue of the company rose moderately by 9.09 per cent at Rs 1694.66 crore in October-December quarter of this fiscal as against Rs 1553.46 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 9.91 per cent to Rs 1441.89 crore from Rs 1311.88 crore in year ago period.


Other Income dipped by 25.42 per cent at Rs 12.50 crore versus (Dec`17 Rs 16.76 crore).


Operating Profit surged by 4.63 per cent to Rs 252.77 crore as against Rs 241.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.05 per cent in December quarter.


Interest grew by 58.41 per cent y-o-y to Rs 1.79 crore while Taxation increased by 4.51 per cent at Rs 66.91 crore (Dec`17 Rs 64.02 crore).