Amara Raja Batteries Ltd Q2FY21 consolidated PAT at Rs. 201.27 crore

AMARA RAJA BATTERIES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1946.80 crores during the period ended September 30, 2020 as compared to Rs.1160.01 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.201.27 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.62.49 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.11.78 for the period ended September 30, 2020 as compared to Rs.3.66 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1946.80 crs	₹ 1160.01 crs	67.83%
Net Profit	₹ 201.27 crs	₹ 62.49 crs	222.08%
EPS	₹ 11.78	₹ 3.66	221.86%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1946.80 crores during the period ended September 30, 2020 as compared to Rs.1713.26 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.201.27 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.218.61 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.11.78 for the period ended September 30, 2020 as compared to Rs.12.80 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1946.80 crs	₹ 1713.26 crs	13.63%
Net Profit	₹ 201.27 crs	₹ 218.61 crs	-7.93%
EPS	₹ 11.78	₹ 12.80	-7.97%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3106.81 crores during the 6 months period ended September 30, 2020 as compared to Rs.3538.44 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.263.76 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.359.34 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.15.44 for the 6 months period ended September 30, 2020 as compared to Rs.21.04 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 3106.81 crs	₹ 3538.44 crs	-12.2%
Net Profit	₹ 263.76 crs	₹ 359.34 crs	-26.6%
EPS	₹ 15.44	₹21.04	-26.62%

Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said, "The resurfacing of demand from all the key segments of our business helped us perform strongly during the quarter. The revamped planning systems and digital enablement of business processes across various functions are helping the organisation to stay agile and respond to the fast changing business environment. While the economic activity has picked up in the country, the uncertainty of COVID impact continues to keep us on the watch. We are tracking the overall economic trends carefully both in domestic context as well as global context and are geared up to deal with both the opportunities and challenges in equal measure."

Commenting on the Q2 performance, S. Vijayanand, CEO, Amara Raja Batteries Limited said, "We have been operating all our manufacturing facilities near 100% capacity utilisation to keep pace with the demand ramp up. There have been some delays in the capacity expansion programs in the last couple of quarters due to COVID restrictions and we are working in a focused manner to complete these projects which should help us to debottleneck supply constraints in the coming months. It is very heartening to see all the employees and business partners raise to the occasion to put in their best effort to meet the challenges posed by the pandemic."

Shares of AMARA RAJA BATTERIES LTD. was last trading in BSE at Rs.758.55 as compared to the previous close of Rs. 761.2. The total number of shares traded during the day was 46488 in over 2302 trades.

The stock hit an intraday high of Rs. 772.95 and intraday low of 754.1. The net turnover during the day was Rs. 35516243.

Source : Equity Bulls

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