Amara Raja Batteries Q4 profit decreases 47.8% at Rs 98.85 cr, revenue up 3.7%

Amara Raja Batteries Ltd reported Friday a 47.80 percent decline in consolidated net profit to Rs 98.85 crore in the fourth quarter ending March 2022.

The company had posted a net profit of Rs 189.38 crore in the period from January to March a year ago, said Amara Raja Batteries Ltd in a regulatory application.

However, its operating income was 3.72 percent at Rs 2,180.96 crore in the quarter, compared to Rs 2,102.61 crore in the same period last year.

Total expenditure was at Rs 2,064.13 crore in the March quarter of FY 2022.

“We are firm in our long-term strategy of energy and mobility leadership, and build on 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 space for new energy technologies, ”Amara Raja Batteries CMD Jayadev Galla said.

The board of directors of the company recommended a definitive dividend of 50 paise per share (representing 50 percent) on the nominal value of Re 1 each for the fiscal year 2021-22.

“This dividend is in addition to the interim dividend of Rs 4 per share (representing 400 percent) declared by the Board of Directors on November 12, 2021,” it said.

Shares of Amara Raja Batteries Ltd on Friday closed up 3.01 percent at Rs 529.10 a share on BSE.

(Only the headline and image of this report may have been re-edited by Business Standard staff; the rest of the content will be automatically generated from a syndicated feed.)

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