On August 12th, Amara Raja Batteries Ltd unveiled an impressive surge of 45.55% in their consolidated post-tax profits for the first quarter ending on June 30, 2023, amounting to a total of Rs 192.14 crore.
This marked increase sharply contrasts with the same quarter of the previous fiscal year, wherein the company had reported a consolidated post-tax profit of Rs 132.01 crore.
These significant financial achievements were disclosed through an official regulatory filing by Amara Raja Batteries Ltd (ABRL).
In parallel with this substantial profit growth, the company’s cumulative revenue from its operations also showcased a commendable upward trajectory, reaching Rs 2,795.51 crore.
This notable increase stood in contrast to the figure of Rs 2,620.53 crore recorded during the same period in the previous year. Noteworthy as well, the total expenses incurred during this quarter amounted to Rs 2,560.69 crore, indicating a notable rise from the Rs 2,460 crore documented in the corresponding quarter of the preceding fiscal year.
Emphasizing the utmost significance of these accomplishments, Jayadev Galla, the Chairman & Managing Director of ABRL, attributed this remarkable growth to the unwavering trust that customers place in the quality and reliability of the company’s products.
Galla also highlighted the rapid advancements made by ABRL in their Li-ion initiatives, which have established a robust foundation for a promising and prosperous future.