Amara Raja Energy & Mobility Ltd

Amara Raja Energy & Mobility will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

During the quarter, profit before tax stood at Rs 422.16 crore, up 27.65% from Rs 330.72 crore posted in Q3 FY24. Total expenses grew 11.94% YoY to Rs 2,882.18 crore in the December 2024 quarter. The cost of materials consumed stood at Rs 1,865.88 crore (up 2.67% YoY), and employee benefits expenses were at Rs 191.22 crore (up 5.51% YoY) during the period under review. Operating margins for the quarter were adversely impacted due to the Fuel and Power Purchase Cost Adjustment (FPPCA) recovery approved by the Andhra Pradesh Electricity Regulatory Commission. The FPPCA charges, which account for fluctuations in fuel and power procurement costs by distribution companies, led to higher electricity expenses, thereby increasing the company's operational costs. On a 9-month basis, the net profit surged 21.87% to Rs 277.70 crore on 11.43% rise in revenue from operations to Rs 9,431.04 crore in 9M FY25 over 9M FY24. The revenue growth was aided by healthy volumes registered in automotive after-market, UPS, and exports. Harshavardhana Gourineni, executive director, Automotive & Industrial Batteries, said, 'Our Q3 results demonstrate the strength of our core business and our ability to consistently deliver value to our customers. We continue to expand in European markets and have introduced Amaron in 7 new countries and are witnessing strong demand for our products across both automotive and industrial segments. Amara Raja will continue to strive for operational excellence and sustained market leadership.' Vikramadithya Gourineni, executive director, New Energy Business, said, 'We are continuing to build out the next phase of our Giga Corridor investments, which include the research and engineering center as well as our customer qualification plant, both of which should be operational in the next couple of quarters. We are already operating two-pack facilities in Tirupati and Telangana. We will be commencing construction on our first giga-scale cell manufacturing plant soon. There are some headwinds in the sector, but our efforts to secure new accounts and continue our technology commercialization remain intact.' Jayadev Galla, chairman & managing director of ARE&M, said, 'Amara Raja continues to take firm strides towards sustainable and profitable growth. We are delighted that the company has secured top ranks in the Dow Jones Sustainability Index (DJSI) CSA score. Our traditional lead-acid battery business continues to deliver strong results in both India and international markets. The business traction is positive across segments, which reflects our commitment to winning and retaining customers' trust through a focus on product and service quality. We continue to make rapid progress in the Li-ion battery and chargers segment and are confident that we will be among the first companies to introduce an indigenously manufactured Liion cell in India.' The company's board increased the investment limit in its wholly owned subsidiary, ARCS, to Rs 500 crore from Rs 700 crore for the battery recycling plant setup. It also approved up to Rs 50 crore investments in ARPS for operational and manufacturing needs. Amara Raja Energy & Mobility (formerly known as Amara Raja Batteries) is an Energy & Mobility enterprise and one of the largest manufacturers of energy storage products for both industrial and automotive applications in the Indian battery industry. The company's industrial battery brands comprise PowerStack, AmaronVolt, and Quanta. The company is a leading manufacturer of automotive batteries under the brands Amaron and PowerzoneTM, which are distributed through a large pan-India sales & service retail network. Shares of Amara Raja Energy & Mobility declined 3.10% to Rs 1,035.95 on the BSE.Powered by Capital Market - Live

Net profit of Amara Raja Energy & Mobility rose 11.38% to Rs 298.37 crore in the quarter ended December 2024 as against Rs 267.89 crore during the previous quarter ended December 2023. Sales rose 7.48% to Rs 3272.47 crore in the quarter ended December 2024 as against Rs 3044.59 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3272.473044.59 7 OPM %12.4014.96 - PBDT429.23471.95 -9 PBT297.70349.70 -15 NP298.37267.89 11 Powered by Capital Market - Live

Amara Raja Energy & Mobility rose 3.48%, Exide Industries gained 1.88%, and JBM Auto increased by 0.85% following the Finance Minister's announcement that the government aims to enhance domestic value addition and build a stronger ecosystem for solar PV cells, EV batteries, motors, and controllers. Finance Minister Nirmala Sitharaman is presenting her eighth consecutive Union Budget today in the Lok Sabha. Powered by Capital Market - Live

Amara Raja Energy & Mobility will hold a meeting of the Board of Directors of the Company on 8 February 2025.Powered by Capital Market - Live

Hyundai Motor India (HMIL)  will equip its domestic product line-up with AMARON's Made-in-India AGM (Absorbent Glass Mat) battery technology. It will be used as an SLI (Starting, Lighting and Ignition) battery and will be procured under HMIL's existing procurement agreement with Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the energy and mobility space. HMIL aims to equip its models with the indigenously manufactured AGM batteries in Q4 of FY 2024-2025, making it the first auto OEM in India to use localized AGM technology. The move is in-line with HMIL's dedicated efforts towards localization and introducing locally sourced innovative technologies for Indian customers. The Made-in-India AMARON AGM batteries have successfully outperformed conventional CMF (Complete Maintenance Free) batteries by about 150% in rigorous real-world durability tests. With a wider operational temperature and longer life span, AGM batteries are an apt fit for dynamic Indian driving conditions. Powered by Capital Market - Live

Net profit of Amara Raja Energy & Mobility rose 4.10% to Rs 235.61 crore in the quarter ended September 2024 as against Rs 226.32 crore during the previous quarter ended September 2023. Sales rose 9.85% to Rs 3250.73 crore in the quarter ended September 2024 as against Rs 2959.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3250.732959.34 10 OPM %13.3113.60 - PBDT444.54425.50 4 PBT317.07309.80 2 NP235.61226.32 4 Powered by Capital Market - Live

Amara Raja Energy & Mobility announced that the Board of Directors of the Company at its meeting held on 4 November 2024, inter alia, have recommended the interim dividend of Rs 5.3 per equity Share (i.e. 530%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Amara Raja Energy & Mobility will hold a meeting of the Board of Directors of the Company on 4 November 2024.Powered by Capital Market - Live