Amara Raja Batteries Ltd Q1FY21 consolidated net profit declines to Rs. 62.49 crore


AMARA RAJA BATTERIES LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) – QoQ Comparison

The company has reported total income of Rs.1160.01 crores during the period ended June 30, 2020 as compared to Rs.1595.50 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.62.49 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.137.30 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.3.66 for the period ended June 30, 2020 as compared to Rs.8.04 for the period ended March 31, 2020.

Total Income ₹ 1160.01 crs ₹ 1595.50 crs Down Tick -27.29%
Net Profit ₹ 62.49 crs ₹ 137.30 crs Down Tick -54.49%
EPS ₹ 3.66 ₹ 8.04 Down Tick -54.48%

Financial Results (Q1 FY 2020-21) – YoY Comparison

The company has reported total income of Rs.1160.01 crores during the period ended June 30, 2020 as compared to Rs.1825.18 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.62.49 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.140.73 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.3.66 for the period ended June 30, 2020 as compared to Rs.8.24 for the period ended June 30, 2019.

Total Income ₹ 1160.01 crs ₹ 1825.18 crs Down Tick -36.44%
Net Profit ₹ 62.49 crs ₹ 140.73 crs Down Tick -55.6%
EPS ₹ 3.66 ₹ 8.24 Down Tick -55.58%

Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said, “This quarter’s performance holds special place in our hearts and consciousness, not due to the numbers, but due to unflinching commitment and commendable spirit shown by employees, partners and all stakeholders towards the organisation. The leadership here has been duly sensitive towards the health and safety of all our people. We have initiated several measures that’s helping us project responsible growth, including health screening and innovative business performance linked pay(BPLP) which ensures employee health and motivation remains strong throughout the crisis.”

Commenting on the Q1 performance, S. Vijayanand, CEO, Amara Raja Batteries Limited said, “Even as the COVID19 pandemic disrupted the business operations and normal life in the society, we focused on executing our strategic initiatives in product development, digital transformation and capacity expansion. We are continuing to strengthen our internal policies and looking at newer operating models to maximize the utilisation of resources while ensuring utmost caution in the new normal.”

Shares of AMARA RAJA BATTERIES LTD. was last trading in BSE at Rs.719.8 as compared to the previous close of Rs. 721.3. The total number of shares traded during the day was 12745 in over 635 trades.

The stock hit an intraday high of Rs. 727.35 and intraday low of 713.9. The net turnover during the day was Rs. 9165683.



Related posts

Leave a Comment