» Revenue of Rs. 1779 crore
» PAT of Rs. 113 crore
Tirupati – August 11, 2018: Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major (BSE: 500008 & NSE Code: AMARAJABAT) today reported net revenue of Rs. 1779 crore in Q1 FY 19 (Rs 1,497 crores) a growth of 19% and profit after tax of Rs.113 crores (Rs 100 crores), a growth of 13%
For the quarter ended June 30, 2018 (Rs. in crores)
| Particulars | Quarter ended | |
|---|---|---|
| June 30, 2018 | June 30, 2017 | |
| Net Revenue from operations | 1,779 | 1,497 |
| Profit After Tax | 113 | 100 |
The Automotive battery business has achieved strong volume growth across its business segments. Sales to OE customers grew at a rate higher than that of new vehicles. During the year demand for batteries in replacement market saw growth in all vehicles categories, including two wheelers. Both the preferred brands, AMARON and POWERZONE, continued to perform exceptionally well, thereby increasing market share. South-east Asia & Middle-east contributed to phenomenal growth in our international business.
The demand from Telecom segment continues to be under stress owing to overall Telecom scenario prevailing in the market. Barring this all other segments of the Industrial business registered double digit growth.
Commenting on the Q1 performance, Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said,” The economy of the country is poised to grow and provide opportunities for increasing production and consumption. In line with the growth and demand expectations we are expanding capacities and adapting new technologies well in time”.
A company with 26% equity each from the Galla Family and Johnson Controls, Amara Raja Batteries Limited is the technology leader and 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, the UPS sector (OEM & Replacement), Indian Railways and to the Power, Oil & Gas, among other industry segments. Amara Raja’s industrial battery brands comprise PowerStack®, AmaronVoltTM and Quanta®. The Company is a leading manufacturer of automotive batteries under the brands Amaron® and PowerzoneTM, which are distributed through a large pan-India sales & service retail network. The Company supplies automotive batteries under OE relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors.
The Company’s Industrial and Automotive Batteries are exported to countries in the Indian Ocean Rim.
Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 120,000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. We are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms.
Johnson Controls Power Solutions is a world leader working in partnership with our customers to meet increasing market demands for energy storage on a global scale. We create the most advanced battery technologies for virtually every type of vehicle on the planet. Our employees develop, manufacture and distribute the smartest portfolio of lead-acid and lithium-ion technologies in the world. These technologies deliver uniquely sustainable, next-generation performance. We partner with our customers at every link in the supply chain, contributing to the communities we serve and the planet we share
Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 120,000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. We are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms.