4FY21 Company Update - Amara Raja Batteries - ICICI Direct

Amara Raja Batteries (ARBL) reported steady Q4FY21 results. Net sales rose 33% YoY, 7.3% QoQ to Rs. 2,103 crore. As per management commentary, demand during the quarter was strong across all automotive and industrial segments. Margins were at 15.1% (down 50 bps QoQ) amid 130 bps gross margin contraction and increase in other expenses on percentage of sales basis. PAT grew 39% YoY (down 2% QoQ) to Rs. 189 crore. ARBL declared a total dividend of Rs. 11/share for FY21.

For details, click on the link below: Link to the report

Shares of AMARA RAJA BATTERIES LTD. was last trading in BSE at Rs.733.35 as compared to the previous close of Rs. 783.75. The total number of shares traded during the day was 5225440 in over 66401 trades.

The stock hit an intraday high of Rs. 755.1 and intraday low of 731.55. The net turnover during the day was Rs. 3899458803.

Source : Equity Bulls

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