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India’s Amara Raja Batteries Q4 profit jumps on strong auto, 5G demand – EQ Mag

BENGALURU :  India’s Amara Raja Batteries Ltd reported a 41% jump in fourth-quarter profit on Tuesday, powered by strong demand from auto makers and accelerated 5G rollouts in the telecoms space. Consolidated net profit after tax rose to 1.39 billion rupees ($17.00 million) in the quarter, compared with 988.5 million rupees a year ago, the […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ

Amara Raja Batteries Rejigs Board, Will Amend Objects Clause For New Energy Areas

Founder-Chairman Ramachandra Galla to step down. The Board of Directors of Amara Raja Batteries Limited has decided to restructure the composition of its Board. It has approved a proposal to amend the main objects clause of the Memorandum of Association to address new business segments in the electric mobility and new energy. The members of […]

EVE Begins Construction on Its Battery Production Plant in Hungary – EQ Mag

Amara Raja Batteries Q3 PAT spurts 18% to Rs 194 cr

Amara Raja Batteries (ARBL)’s consolidated net profit jumped 17.98% to Rs 193.69 crore on 12.18% rise in revenue from operations at Rs 1,960.43 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) surged 19.93% to Rs 260.40 crore in Q3 December 2020 over Q3 December 2019. Total tax expense for […]

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas – EQ

Amara Raja Batteries manufacturing at near 100 percent capacity utilisation

Exports of automotive batteries and industrial batteries also saw an upsurge Amara Raja Batteries’ manufacturing facilities had reached nearly 100 percent capacity utilisation in order to keep up with the rising demand. The company registered 35 percent Y-o-Y growth in inverters and 40 percent growth in two watt batteries, driven by 110 percent growth in […]

EVE Begins Construction on Its Battery Production Plant in Hungary – EQ Mag