Amara Raja Batteries Limited

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 Friday said it intends to invest Rs 9,500 crore over the next 10 years in Telangana on setting up research and manufacturing facilities for lithium-ion battery-making in the state. The company on Friday signed a memorandum of understanding (MoU) with the Telangana government to set up research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Amara Raja Batteries said in a regulatory filing. "Over the next 10 years, the company intends to invest over Rs 9500 crore, after necessary approvals," it added. The initial facilities would include an energy research and innovation center in Hyderabad, dubbed the Amara Raja E-hub. It will be equipped with advanced laboratories and testing infrastructure for material research, prototyping, product life cycle analysis and proof of concept demonstration, the company said. "This will cater to the development needs of the Amara Raja as well as to provide a range of facilities open to

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

The company's net profit jumped 43 per cent YoY, and it witnessed robust demand in the automotive sector from the aftermarket as well as OEM segments.

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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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The $1.3-billion group will be investing around Rs 7,000 crore on lithium-ion, while continuing its focus on traditional lead acid batteries

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Getting into lithium ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd is looking at acquisitions overseas to expand its lead acid battery business, said soruces

Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022.

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Amara Raja Batteries Ltd on Friday reported a 28 per cent decline in consolidated net profit to Rs 144.32 crore in the second quarter ended September 30, 2021, impacted by a rise in input costs. The company had posted a consolidated net profit of Rs 201.27 crore in the same period last fiscal, Amara Raja Batteries Ltd said in a regulatory filing. Its consolidated revenue from operations during July-September 2021 stood at Rs 2,264.15 crore as against Rs 1,935.52 crore in the year-ago period, it added. Total expenses stood at Rs 2,097.17 crore, higher as compared with Rs 1,676.03 crore a year ago. The cost of materials consumed was also higher at Rs 1,484.82 crore, against Rs 1,119.75 crore in the year-ago period. Commenting on the performance, Amara Raja Batteries Chairman, Managing Director & CEO Jayadev Galla said, "The demand signals are positive across all product segments but the increased input material costs are driving the margins negatively." He further said, "We will ..

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Amara Raja Batteries Ltd (ARBL) on Saturday reported profit before tax of Rs 167 crore in Q1 FY22, nearly double from Rs 84 crore in the same period of previous fiscal.Revenue stood at Rs 1,886 crore as compared to Rs 1,151 crore in the same period. Earnings per share for Q1 FY 22 work out to Rs 7.26.Even as the current quarter was impacted by lockdowns due to pandemic, the aftermarket demand across product segments in both automotive and industrial segments remained strong.The company said automotive business revenue grew on the back of strong growth in exports and OEMs compared to last year. In the industrial business, both telecom and UPS applications registered strong YoY growth."While the uncertainties due to second wave of Covid and the resultant lockdowns are creating unpredictability in the product off take, we are focused on ensuring the product availability across all market segments by calibrating manufacturing operations and supply chain dynamically," said Jayadev Galla, ..

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Amara Raja Batteries has been trading with a corrective bias for the last eight months and recently tested the major support zone around Rs 690 levels

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The announcements by Amara Raja comes amid the thrust India's policy makers have been giving to electric mobility in its endeavour to reduce carbon emissions and reduce oil import bill.