Hyderabad/Tirupati, Aug.3 (NSS): Amara Raja Energy & Mobility Limited (ARE&M) today reported profit before tax of ₹ 328.66 cr for Q1 of FY25 registering a growth rate of 23% over Q1 of FY24. The Earnings Per Share (EPS) for Q1 of FY25 is at ₹ 13.36.
The revenue growth was aided by year-on-year healthy volumes registered in the automotive after-market, OEMs, and export markets.
Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said, “Our revenue and profit numbers are a testament to our sustained growth story. In the last quarter, we have seen good traction from our international operations. We have seen healthy growth from our chargers and battery packs business and have successfully forged partnerships with GIB and Highstar for our cell technology and commercialisation.”
Jayadev Galla, Chairman & Managing Director of ARE&M said, “We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament of our customer’s trust in our product’s quality and reliability. The rapid movement in the Li-ion initiatives and the ongoing new additions to our advanced lead acid battery portfolio promise a very strong future.”
