Amara Raja Q3 PAT up 23pc
Amara Raja Batteries Ltd, India's leading Industrial and Automotive Battery major, on Monday reported Net Sales (excluding other income) of Rs.7569 million in Q3 FY13 (Rs.6124 million) - a 24pc growth and Profit After Tax (PAT) at Rs.809 million (Rs.659 million) - a 23pc growth.
Net Revenue for 9 months period ended December 31, 2012 stands at Rs.21.62 billion (Rs.16.97 billion) - a 27pc growth and PAT for the same period is Rs.2.27 billion (Rs.1.57 billion) - a 44pc growth. 9 months PAT is more than the full year FY12 PAT of Rs.2.15 billion.
Commenting on the Q3 performance, Jayadev Galla, Managing Director, Amara Raja Batteries Limited, said, "I am happy to report double digit growth both in top-line and bottom-line despite slack demand from OE customers in automotive segment, supply challenges for want of capacities in all product lines except 2W batteries, and cost escalations."