Amara Raja to set up tubular battery unit, Q2 revenue and sales up
Automotive battery business continues to grow for four-wheeler batteries based on improved sales in aftermarket segment for Amaron and PowerZone. Volume growth in two-wheeler batteries for both brands has been a significant contributor. Through Q3 ( 2014 July-Sept), OEM production in four-wheelers reversed downward trend through moderate growth. Two-wheeler production grew at a healthy pace initiating higher volume of batteries in the OEM sector.
For the quarter ended September 30, 2014
Rs. in crore
|Particulars||Unaudited financials for the quarter ended||Audited financials for the year ended|
|Sept 30, 2014||Sept 30, 2013||March 31, 2014|
|Net Sales (excluding other income)||1,060||805||3,437|
|Profit Before Tax (PBT)||154||134||537|
|Profit After Tax (PAT)||100||95||367|
Amara growth in aftermarket brands and OEM beyond industry growth helped gain market share in four and two-wheeler segments. Demand for HUPS battery remained strong being met by trading in tubular batteries under private label program. Industrial battery business reported double digit volume and revenue growth facilitated by product mix and strong demand for Amara products. Telecom sector demand remained robust. Demand for UPS batteries was moderate. Amara has progressively been
providing total solutions to customers to further strategic alliances.
Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited expressed delight at continued growth momentum reflected through highest revenue and profit for a quarter. Green field expansion project of four-wheeler automotive batteries facility, addition of two lines for two-wheeler battery production capacity are progressing well. Tubular battery manufacturing facility is approved, and will accelerate growth momentum and help in securing additional market share in the near future.
S V Raghavendra, Chief Financial Officer says Amara has reported healthy sequential quarterly growth and its financial position is robust to support further growth opportunities. Amara is well equipped to reap the benefits of evolving government policies and resulting opportunities.