Amara Raja Batteries - Result Update - Nirmal Bang

- Results were good and above estimates

- Sales increased 5.6% QoQ and 23.8% YoY to Rs 759.2 cr

- EBITDA increased 3.3% QoQ and 14.8% YoY with margins at 16.0%

- The stock is trading at P/E of 14.96x on trailing EPS

- Outlook Positive

Source : Equity Bulls

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