Amara Raja Batteries’ This fall internet rises 38% to Rs 189 crore on sturdy gross sales

Amara Raja Batteries’ This fall internet rises 38% to Rs 189 crore on sturdy gross sales

Amara Raja Batteries on Saturday mentioned its consolidated internet revenue after tax rose by 38 per cent to Rs 189 crore for the fourth quarter ended March 2021 on the again of strong gross sales throughout enterprise verticals.

The corporate had reported a internet revenue after tax of Rs 137 crore for the January-March quarter of 2019-20.

Internet income from operations stood at Rs 2,103 crore as towards Rs 1,581 crore within the fourth quarter of 2019-20, Amara Raja Batteries mentioned in a press release.

For your entire 2020-21 fiscal, the corporate posted a internet revenue after tax of Rs 647 crore as in comparison with Rs 661 crore in FY20.

Internet income from operations for the final fiscal rose to Rs 7,150 crore as towards Rs 6,839 crore in 2019-20.

“The final quarter of FY21 witnessed robust development throughout all segments. Our staff and enterprise companions have responded to the challenges with higher resilience and agility,” Amara Raja Batteries Vice Chairman and Managing Director Jayadev Galla mentioned.

Whereas the second wave of COVID-19 and the resultant lockdowns at present being enforced are creating unpredictability within the product offtake, the corporate is working to make sure product availability throughout all markets is taken care of by dynamically managing the provision chain, he added.

Galla famous that the corporate’s capability augmentation initiatives are being carried out as per schedule in anticipation of robust revival of financial exercise within the nation within the close to time period.

“Whereas the short-term challenges posed by the second wave of COVID are being addressed with agile organisational processes, we stay centered on making ready ourselves for the longer term alternatives in each the vitality storage and mobility vitality software, by collaborating in superior cell applied sciences and creating sustainable merchandise,” he added.

The corporate’s board has beneficial a last dividend of Rs 6 per share of face worth Re 1 every for the monetary yr 2020-21.

(Solely the headline and film of this report might have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

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