Amara Raja Energy & Mobility Q4 FY24 PBT at INR 305.34 cr – ET Auto

baua


The company reported for the Q4 of FY24 a revenue of INR 2,796.73 crore and profit before tax (PBT) of INR 305.34 crore.

New Delhi:Amara Raja Energy and Mobility Limited (ARE&M), previously Amara Raja Batteries, a comprehensive solutions provider in the Energy & Mobility space, has reported profit before tax of INR 1,211.03 crore for the financial year 2023-24.

The revenue for FY24 stood at INR 11,260.30 crore compared to INR10,389.71 crore during FY23. The earnings per share (EPS) for FY24 was at INR 49.49.

The company reported for the Q4 of FY24 a revenue of INR 2,796.73 crore and profit before tax (PBT) of INR 305.34 crore. The quarter and year ended March 31, 2024.

Particulars Quarter ended Year ended
March 31,

2024

March 31,

2023

March 31,

2024

March 31,

2023

Revenue from operations 2,796.73 2,433.01 11,260.3 10,389.71
Profit before Tax 305.34 196.45 1,211.03 997.04

(INR in crores)

Amara Raja Energy & Mobility Ltd recorded an impressive revenue growth in financial year 2023-24 with both Lead Acid Battery business and New Energy Business growing substantially. The consolidated revenue growth stood at 13%. In the Lead Acid Battery business strong volume growth momentum continued in both automotive and industrial applications across all customer segments.

Jayadev Galla, Chairman & Managing Director, said, “Our business across segments has performed considerably well. In the last financial year we made the big move of changing the company’s name to “Amara Raja Energy & Mobility” to reflect our vision to be leading India’s energy transition, especially in energy storage and mobility spaces. Today, we have a wide array of products and solutions that cater to every type of automotive and industrial application.”

Harshavardhana Gourineni, Executive Director – Automotive & Industrial Batteries, said, “We observed robust and sustained growth in both the industrial and the automotive applications, that resulted in overall revenue growth of 10%. This was accomplished in part by launching new product ranges and brands in the automotive aftermarket and data centre segments. In the last financial year we strengthened our global presence by entering the North American and European markets, placing our products in over 50 countries.”

Vikramadithya Gourineni, Executive Director – New Energy Business, said, “The Giga Corridor project in Telangana is progressing smoothly, and we are all set to begin commercial production at our pack facility. New Energy Business clocked 110% growth over the previous year, further cementing our leadership position with our customers.”

  • Published On May 29, 2024 at 10:46 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETAuto App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App


By: HT Auto Desk | Updated on: 24 Jun 2024, 06:29 AM The new Skoda…

By: HT Auto Desk | Updated on: 24 Jun 2024, 06:24 AM The India-spec fourth-generation…

The Pike’s Peak International Hill Climb is in progress, and several EVs which set out…