Amara Raja Energy Q1 profit up 26% to ₹249 crore – CNBC TV18

Amara Raja Energy Q1 profit up 26% to ₹249 crore – CNBC TV18

[ad_1]

Amara Raja Energy & Mobility (ARE&M) has posted about 26% rise in consolidated net profit at 249.12 crore for the June quarter FY25. It had reported a net profit of 198.31 crore for the April-June period of 2023-24, the company said in an exchange filing on Saturday. Revenue from operations rose to 3,263.05 crore from 2,796.27 crore in the year-ago quarter.

Revenue growth was aided by year-on-year healthy volumes registered in the automotive after-market, OEMs (original equipment manufacturers), and export markets, the company said in a statement.


“In the quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM (Absorbed Glass Mat) batteries. We are betting big on growing this space in the coming months,” Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said.

The company will continue to build its product range, cater to newer segments, and strengthen its global presence, he added.

ARE&M is into energy storage solutions, lithium-ion cell manufacturing, EV chargers, automotive and industrial lubricants, among others.

[ad_2]

Source link

Back To Top
Translate »