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Amara Raja Q2 PAT up 177 pc

Written by: Staff
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Chennai, Oct 26 (UNI) Industrial and automotive battery major Amara Raja Batteries Limited has recorded revenues of Rs 1340.18 million, PBT of Rs 193.83 million and PAT of Rs 127.11 million for the second quarter of FY 2006-07.

A company release here today said the topline grew by 51 per cent while PAT rose 177 per cent.

Announcing the company's Q2 results, Managing Director Mr Jayadev Galla said, "We have continued to beat the market with 51 per cent growth quarter-on-quarter.

''Our Industrial Battery Division has shown good growth fed by the surging expansion in cellular networks and UPS sectors and also the increasing volumes in the Railways and Power sectors.

''The automotive business growth has come from increasing depth and breadth in OE relationships and aftermarket retail.

''High lead prices are a concern for the battery industry and at Amara Raja, we are continuously working on our operational efficiencies.

Our growth in topline and increased scale of operations should help minimise the impact of high lead prices,'' he added.

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