The transaction has been conducted for a lumpsum consideration of Rs 167.2 crore subject to adjustment as set out in the business transfer agreement, ARBL said.
This move is expected to allow the company to expand Lithium business in a dedicated manner while setting the ground for larger investments and technical collaborations. . The location for this is yet to be announced, the company said.
According to the company, the profit before tax stood at INR 132.49 crores for Q4 FY 22 as compared to INR 258.79 crores during Q4 FY 21. However, the profit after tax (PAT) was down 49% YoY at INR 132 crore as against INR 259 crore in Q4FY21, a regulatory filing of the company stated.
Ruling YSRCP leader R. K. Roja on Friday said the Amara Raja Batteries Limited (ARBL) case has nothing to do with politics as the issue is with pollution.
The Company reiterated its commitment in complying with all the regulatory requirements and said that it will continue to engage closely with APPCB to resolve any potential issues.
The company said that it is reviewing the orders and will take all necessary steps as may be necessary and available to protect the interests of all stakeholders.
The company reported a net profit of Rs 660.82 crore for the year 2019-20 as against Rs 483.49 crores in FY19.
S Vijayanand will be handling day-to-day operations and expansion projects of Amara Raja Batteries and will be reporting to Jayadev Galla, Vice Chairman and Managing Director.
The Automotive battery business continued to maintain the growth trend. A double digit growth in aftermarket brands, Amaron and PowerZone, led to further increase in market share.
The Automotive battery business continued to maintain the growth trend in all verticals of the business. The company grew in double digits in the aftermarket segment in its brands - Amaron and PowerZone.
In the June quarter, Exide’s revenues grew by 11% year-on-year and margin expanded by 100 basis points. This has helped the company to bridge the revenue growth gap with its arch rival Amara Raja Batteries.
For the entire 2015-16 fiscal, net profit came in at Rs 489.44 crore as against Rs 410.86 crore in the previous year, up 19.12 per cent
Its market share in the segment rose to 30% in 2015 against 25% in 2012.
The company’s revenue grew at 4% annualised rate in the past three fiscals. This is likely to improve considering higher penetration of organised players, improving vehicle volumes, and increasing business from solar energy segment.
Amara Raja Batteries' net sales (excluding other income) witnessed a growth of 16 percent and stood at Rs 1,225 crore for third quarter of fiscal 2016.
The company signed a Memorandum of Understanding for direct investment in Andhra Pradesh in the fields of Electronics, Energy storage, Automobile Components, IT & Telecom Components, Food Processing, Infrastructure and Services
Emkay Global expects Eicher Motors, Ashok Leyland and Maruti Suzuki India to report the highest revenue growth in Q3FY16.
Amara Raja Batteries is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry.
The four wheeler batteries volume grew phenomenally backed by improved sales in replacement battery segment.
the component segment's revenue increased grew by 4 percent in Q1 of FY2016. This is in a quarter where the automaker's revenue year-on-year growth remained almost flat with just 1 percent rise
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Srivishnu Raju Nandyala | 00025063 | prakasharige@gmail.com | Director | 14 Aug,2008 |
| Nagarjun Valluripalli | 00034389 | arjun.valluri@gmail.com | Director | 20 Dec,2005 |
| Galla Ramachandra Naidu | 00133761 | rng@amararaja.co.in | Director | 08 Jul,1985 |
| Galla Jayadev | 00143610 | jg@amararaja.co.in | Director | 01 Sep,2015 |
| Bhairavi Tushar Jani | 00185929 | bhairavi@scagroup.in | Director | 28 Mar,2015 |
| Tharmapuram Ramachandran Narayanaswamy | 01143563 | rahul@resultsmarine.com | Director | 01 Jun,2009 |
| Raphael John Shemanski | 07462586 | raphael.j.shemanski@jci.com | Director | 19 Mar,2016 |
| Trent Moore Nevill | 07699463 | trent.m.nevill@jci.com | Director | 22 Jan,2017 |
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