Amara Raja Q4 profit rises 38% to Rs 189 cr

0

NEW DELHI: on Saturday said its consolidated net profit after tax rose by 38 per cent to Rs 189 crore for the fourth quarter ended March 2021 on the back of robust sales across business verticals.

The company had reported a net profit after tax of Rs 137 crore for the January-March quarter of 2019-20.

Net revenue from operations stood at Rs 2,103 crore as against Rs 1,581 crore in the fourth quarter of 2019-20, Amara Raja Batteries said in a statement.

Loading...

For the entire 2020-21 fiscal, the company posted a net profit after tax of Rs 647 crore as compared to Rs 661 crore in FY20.

Net revenue from operations for the last fiscal rose to Rs 7,150 crore as against Rs 6,839 crore in 2019-20.

“The last quarter of FY21 witnessed strong growth across all segments. Our employees and business partners have responded to the challenges with greater resilience and agility,” Amara Raja Batteries Vice Chairman and Managing Director Jayadev Galla said.

Loading...

While the second wave of COVID-19 and the resultant lockdowns currently being enforced are creating unpredictability in the product offtake, the company is working to ensure product availability across all markets is taken care of by dynamically managing the supply chain, he added.

Galla noted that the company’s capacity augmentation projects are being implemented as per schedule in anticipation of strong revival of economic activity in the country in the near term.

“While the short-term challenges posed by the second wave of COVID are being addressed with agile organisational processes, we remain focused on preparing ourselves for the future opportunities in both the energy storage and mobility energy application, by participating in advanced cell technologies and creating sustainable products,” he added.

Loading...

The company’s board has recommended a final dividend of Rs 6 per share of face value Re 1 each for the financial year 2020-21.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

Loading...

For all the latest Education News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Loading...
Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment