Amara Raja Batteries reports 3.7% increase in Revenue from Operations in Q4 of FY22

Mumbai, India: Amara Raja Batteries Limited today reported profit before tax of Rs.132.49 Crores for Q4 of FY 22 as compared to Rs 258.79 crores during Q4 FY 21. The Revenue for Q4 of FY 22 stood at Rs 2,180.70 crores as compared to Rs 2,102.70 crores during Q4 of FY 21. The Earnings per Share (EPS) for Q4 of FY 22 was at Rs 5.77.

For the quarter ended March 31, 2022

The Board of Directors recommended a final dividend of Rs 0.50/- per equity share (representing 50%) on the face value of Re. 1/- each for the financial year 2021-22. This dividend is in addition to the interim dividend of Rs. 4 per equity share (representing 400%) declared by the board on November 12th, 2021.

The company saw robust demand in the automotive sector from the replacement and export markets, though OEM sluggishness continued due to their manufacturing constraints. Industrial battery volumes have shown healthy growth, especially in the UPS, telecom, and export segments.

Mr. Jayadev Galla, Chairman & Managing Director of the Company, said “We are steadfast in our long-term strategy of Energy and Mobility leadership, and are building upon our strength to expand our global footprint for the lead-acid battery business, while at the same time making very good progress in the viable new energy technologies space.”

Addressing the recent challenges, Harshavardhana Gourineni, Executive Director – Lead Acid Business, says “We have successfully overcome the temporary hurdles in the supply chain in the past year, and are well set to make the most of new opportunities.”

Commenting on the future focus of the company, Vikramaditya Gourineni, Executive Director – New Energy Business, added “After making a series of strategic investments to accelerate the development of cell chemistry and pack solutions, we are fast-tracking the establishment of a greenfield customer qualification plant for the manufacturing of Lithium Cells.”