23 Jul 2019 | 3:35 PM

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COMPANYNEWS
Amara Raja Batt. Q4 net profit up 8.69% at Rs 119.34 cr
  Amara Raja Batteries Ltd. | 23 Jul 2019 | 02:51 PM
Published on 05-15-2019
The company reported standalone net profit of Rs 119.34 crore for the quarter ended March 31 2019 as compared to Rs 109.80 crore in the same period last year registering a year-on-year growth of 8.69 per cent.


Net revenue of the company declined by 0.89 per cent at Rs 1566.73 crore in January-March quarter of this fiscal as against Rs 1580.74 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 3.31 per cent to Rs 1324.63 crore from Rs 1370.01 crore in year ago period.


Other Income dipped by 73.33 per cent at Rs 6.32 crore versus (Mar`18 Rs 23.70 crore).


Operating Profit surged by 14.89 per cent to Rs 242.10 crore as against Rs 210.73 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 15.90 per cent in March quarter.


Interest grew by 41.22 per cent y-o-y to Rs 1.85 crore while Taxation decreased by 8.65 per cent at Rs 58.91 crore (Mar`18 Rs 64.49 crore).