Amara Raja revenue crosses Rs 10 million mark

Chennai, June 25 (UNI) Amara Raja Batteries Limited has registered a significant growth with gross revenues for 2007-08 scaling to Rs 13,500 million, compared to Rs 7,451 million recorded in the previous fiscal.

For 2007-08, the PBT shot up by 105 per cent to Rs 1,459.38 million and PAT up by 100 per cent to Rs 943.63 million, a company release here said today.

The Board of Directors had recommended a 35 per cent dividend, subject to the approval of shareholders in the ensuing Annual General meeting.

Speaking after the Board meeting, Amara Raja Chairman Ramachandra N Galla said the surging demand in both industrial and automotive segment and lead price inflation, enabled us to achieve the milestone number of Rs 10,000 million in revenues.

''Looking ahead, we believe that prevailing economic trends like uncertain global growth rates, surging price of crude oil, volatile commodity prices and rising inflation in India will have their impact on the Indian economy and hence may impact the company's growth trend. However, the company would continue to grow faster than the industry,'' he added.

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