Amara Raja Batteries’ Q4 net profit up 42%

Amara Raja Batteries Ltd today reported 41.76 per cent increase in its net profit for the fourth quarter ended March 31,2012,at Rs 58.28 crore.

Written by Agencies | Mumbai | Published:May 28, 2012 9:45 pm

Amara Raja Batteries Ltd today reported 41.76 per cent increase in its net profit for the fourth quarter ended March 31,2012,at Rs 58.28 crore.

The company has posted a profit of Rs 41.11 crore in the year-ago period,it said in filing to the BSE.

The company’s net sales for the quarter rose by 33.92 per cent to Rs 670.64 crore from Rs 500.75 crore in the same period of previous fiscal.

“The surge in top line and bottom line during the fourth quarter was due to volume growth,better price realisation and softening of lead price,” the company said in a separate statement.

For 2011-12 fiscal,the company’s net profit increased 45.22 per cent to Rs 215.06 crore against Rs 148.09 crore in 2010-11.

Its net sales increased 34.42 per cent to Rs 2,367.35 crore in 2011-12 from Rs 1,761.05 crore in 2010-11.

Commenting on the results the company’s Managing Director Jayadev Galla said,”Despite uncertainty in the telecom sector and slowdown in the automobile industry,both our industrial and automotive battery units have reported double digit growth and gained market shares.”

The continuing eurozone crisis,volatile rupee and high inflation are causes for concern in this financial year,he said.

“However,softening of lead prices and our capability to perform with differentiated strategy will help us sustain the growth momentum,” he added.

The company’s scrip closed at Rs 308.40 per share,up 3.75 per cent from the previous close on the BSE.

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