Amara Raja Batteries

This new facility in Telangana by Amara Raja plans to create employment opportunities for nearly 4,500 people and a similar number of indirect jobs

Amara Raja Batteries on Wednesday said its consolidated net profit increased by 53 per cent to Rs 222 crore for the third quarter ended December 2022. The company had reported a net profit of Rs 145 crore in the October-December period of last fiscal. Total income rose to Rs 2,664 crore in the third quarter as against Rs 2,385 crore in the year-ago period, the company said in a regulatory filing. Shares of the company declined by 1.14 per cent to Rs 566 apiece on the BSE.

Unit will house Amara Raja E-hub, an advanced energy research and innovation centre to meet firm's development needs and offer facilities to other players in the energy and mobility space

Amara Raja Batteries Ltd on Thursday reported a 39.42 per cent rise in consolidated profit after tax to Rs 201.22 crore in the second quarter ended September 30, driven by higher sales. The company had posted a consolidated profit after tax of Rs 144.32 crore in the same period last fiscal, Amara Raja Batteries said in a regulatory filing. The consolidated revenue from operations stood at Rs 2,700.47 crore against Rs 2,264.15 crore in the year-ago period. Its total expenses were higher at Rs 2,449.11 crore compared to Rs 2,097.17 crore a year ago, the filing said. The Board of Directors at its meeting held on Thursday also approved an interim dividend of Rs 2.90 per equity share of the face value of Re 1 each, it added.

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In Q4, Ebitda declined by 31 per cent year on year to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation

Amara Raja Batteries on Thursday said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 193.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations, however, rose to Rs 2,365.87 crore in the period under review as against Rs 1,960.43 crore in the December quarter of last fiscal, Amara Raja Batteries said in a regulatory filing.

According to Nandish Shah of HDFC Securities, the stock has broken out on the daily chart with higher volumes to close at highest level since December 10.

The initial investment will give the company a key foothold in the thriving European EV ecosystem

In past four trading days, the S&P BSE Sensex has tanked 4 per cent or 2,412 points on concerns about European Covid-19 curbs and on risk of the US Federal Reserve speeding up stimulus withdrawal.

The broader trend for the Nifty remains bullish, with short-term support and resistance at 17,254-17,438 for the NSE index

Amara Raja Batteries plans to invest about $ 1 bn in the next five to seven years towards capex to be spent for both organic and inorganic growth, a senior official of the company said on Monday

Amara Raja Batteries invests $5 mn; existing investors Exfinity Ventures and Sequoia Capital India's Surge Programme, alongside a clutch of new investors also participate

Advanced battery-tech start-up, Log 9 Materials on Monday said it has raised USD 8.5 million (around Rs 63 crore) in a funding round led by Amara Raja Batteries. The company has also entered into an equity partnership and collaboration with Amara Raja Batteries Ltd (ARBL), a leading manufacturer of industrial and automotive batteries, Log 9 Materials said in a statement. ARBL was the anchor investor in this funding round, making an investment of USD 5 million (Rs 37 crore). Existing investors, including Exfinity Ventures and Sequoia Capital India's Surge Programme, alongside a clutch of new investors were also a part of the Series A+ funding round, it added. "The new investors have, along with the existing investors, invested around USD 8.5 million in the ongoing USD 10-12 million series A+ round," the company said. The fresh funds raised will be utilised to expand production capacity and business development efforts of Log 9's latest innovation -- Rapid Charging Battery technolog

Nomura believes that if new players' vehicles sell well, multiples of incumbent OEMs like Hero MotoCorp and Bajaj Auto may de-rate

Meanwhile, the company said that its Founder Chairman Ramachandra Galla, who steered the company for 36 years, has expressed his decision not to seek reappointment.

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services."The company is well poised to build on its strengths and create multiple new growth engines in new energy space," said Vice Chairman Jayadev Galla who is poised to become the new Chairman as Founder Chairman Ramachandra Galla has decided not to seek reappointment after 36 years at the helm.The company's board of directors has also inducted gen-next leaders Harshavardhana Gourineni and Vikramadithya Gourineni as executive directors to actively drive the transition to 'Energy & Mobility' initiative.S Vijayanand, with his proven track record of performance, will take charge as ...

The decline was mainly on account of nearly 30 million equity shares of the battery maker changing hands.