Amara Raja Batteries Limited, India's leading industrial and automotive battery company, has earned a net profit of Rs. 399 million for the third quarter (Q3) ended December 31, 2009, recording a growth of 113 per cent over Q3 of 2008-09. Net Income for Q3 of 2009-10 stood at 3,674 million (Net Sales: Rs. 3,668 million + other income: Rs 6 million). For the nine months period ended December 31, 2009, the company earned Profit Before Tax (PBT) of Rs.1,986 million and Profit After Tax (PAT) of Rs.1,303 million, resulting in a growth of more than 146 per cent and 148 per cent respectively as compared to the corresponding period ended December 31,2008.
The industrial batteries business has continued to maintain dominant market share in served markets. Telecom industry has witnessed a slowdown in network infrastructure roll out due to improved efficiencies in use of tower infrastructure and telecom equipment despite which the division has performed well. The enhanced medium VRLA capacity and continued improvement in railways and power control off take has enabled the business vertical to post reasonable numbers. The recovery of momentum in telecom network expansion plans and Amara Raja position as preferred vendor status with key customer will determine the performance going forward.
The automotive batteries business continues its growth momentum backed by strong off take by OE customers and commercial vehicle segment. The aftermarket demand continues to be robust, aided by Amara Raja leading brands viz., Amaron, Powerzone and Amaron Probike Rider. With the demand outlook for the automotive industry continues to be encouraging, this business vertical hopes of achieving strong growth in the next few quarters.
Commenting on the performance Jayadev Galla, managing director said, "Amara Raja has yet again posted impressive results for the third consecutive quarter in this difficult year. Our investments are well ahead of time, and the automotive industry recovery and the strength of our business model has enabled us to post good results. The high volatility in lead prices and the sluggish demand in the telecom sector, we are cautiously optimistic of our performance for the next quarter, he added."
Amara Raja Batteries Limited, an Amara Raja- Johnson Controls company with 26 per cent equity from Johnson Controls, is the technology leader and is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry. In India, Amara Raja is the preferred supplier to major telecom service providers, telecom equipment manufacturers, UPS Segments (OEM &Replacement), Indian railways and to power, Oil & Gas among other industry segments. Amara Raja manufactures and sells automotive batteries under the brand name 'Amaron' which is distributed through a large pan-India sale-service retail network.
The company supplies automotive batteries under OE relationships to Ashok Leyland, General motors, Hindustan Motors, Honda, Mahindra & Mahindra, Maruti, Hyundai and Tata Motors. The company is an exclusive supplier to Daimler Chrysler, Ford and Swaraj Mazda. The company's Industrial and Automotive batteries are exported to Asia Pacific, Africa and the Middle East.
The industrial batteries business has continued to maintain dominant market share in served markets. Telecom industry has witnessed a slowdown in network infrastructure roll out due to improved efficiencies in use of tower infrastructure and telecom equipment despite which the division has performed well. The enhanced medium VRLA capacity and continued improvement in railways and power control off take has enabled the business vertical to post reasonable numbers. The recovery of momentum in telecom network expansion plans and Amara Raja position as preferred vendor status with key customer will determine the performance going forward.
The automotive batteries business continues its growth momentum backed by strong off take by OE customers and commercial vehicle segment. The aftermarket demand continues to be robust, aided by Amara Raja leading brands viz., Amaron, Powerzone and Amaron Probike Rider. With the demand outlook for the automotive industry continues to be encouraging, this business vertical hopes of achieving strong growth in the next few quarters.
Commenting on the performance Jayadev Galla, managing director said, "Amara Raja has yet again posted impressive results for the third consecutive quarter in this difficult year. Our investments are well ahead of time, and the automotive industry recovery and the strength of our business model has enabled us to post good results. The high volatility in lead prices and the sluggish demand in the telecom sector, we are cautiously optimistic of our performance for the next quarter, he added."
Amara Raja Batteries Limited, an Amara Raja- Johnson Controls company with 26 per cent equity from Johnson Controls, is the technology leader and is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry. In India, Amara Raja is the preferred supplier to major telecom service providers, telecom equipment manufacturers, UPS Segments (OEM &Replacement), Indian railways and to power, Oil & Gas among other industry segments. Amara Raja manufactures and sells automotive batteries under the brand name 'Amaron' which is distributed through a large pan-India sale-service retail network.
The company supplies automotive batteries under OE relationships to Ashok Leyland, General motors, Hindustan Motors, Honda, Mahindra & Mahindra, Maruti, Hyundai and Tata Motors. The company is an exclusive supplier to Daimler Chrysler, Ford and Swaraj Mazda. The company's Industrial and Automotive batteries are exported to Asia Pacific, Africa and the Middle East.
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