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Business EconomyPosted at: Feb 8 2025 9:51PM


Amara Raja Energy & Mobilbity Q3FY25 standalone PBT raises 27 pc y-o-y to Rs 422.16 crore

Hyderabad, Feb 8 (UNI) Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, on Saturday reported a 27 per cent year-on-year increase in standalone profit before tax (after exceptional items) to Rs 422.16 crores in Q3 of FY25 as against Rs 330.72 crores in the corresponding period last year.
The company’s standalone revenue from operations during quarter increased 10 per cent Y-o-Y to Rs 3,164.02 crore as against Rs 2,881.73 crore in the corresponding period in previous year, the company said in a release here.
Operating margins for the quarter are adversely impacted due to Fuel and Power Purchase Cost Adjustment (FPPCA) recovery approved by Andhra Pradesh Electricity Regulatory Commission.
The FPPCA charges, which accounts for fluctuations in fuel and power procurement costs by distribution companies, has resulted in higher electricity expenses, thereby increasing operational costs for the company.
The company also reported a healthy growth in its 9-month revenues recording a rise of 11.4 per cent over the corresponding period last year.
The PBT (before exceptional items) rose by 6.4 percent from Rs 905.69 crore to Rs 963.72 crore.
The strong growth in revenues was aided by healthy volumes registered in automotive after-market, UPS, and exports.
Harshavardhana Gourineni, Executive Director, Automotive & Industrial said, “Our Q3 results demonstrate the strength of our core business and our ability to consistently deliver value to our customers. We continue to expand in European markets and have introduced Amaron in 7 new countries and are witnessing strong demand for our products across both automotive and industrial segments. Amara Raja will continue to strive for operational excellence and sustained market leadership.”
Vikramadithya Gourineni, Executive Director, New Energy Business said, “We are continuing to build out the next phase of our Giga Corridor investments, which include the research and engineering center as well as our customer qualification plant, both of which should be operational in the next couple of quarters. We are already operating two-pack facilities in Tirupati (Andhra Pradesh) and Telangana. We will be commencing construction on our first giga-scale cell manufacturing plant soon. There are some headwinds in the sector, but our efforts to secure new accounts and continue our technology commercialization remain intact.”
Speaking about the results Jayadev Galla, Chairman & Managing Director, said, “Amara Raja continues to take firm strides towards sustainable and profitable growth. Our traditional lead acid battery business continues to deliver strong results in both India and international markets. The business traction is positive across segments, which reflects our commitment to winning and retaining customers’ trust through a focus on product and service quality. We continue to make rapid progress in the Li-ion battery and chargers segment and are confident that we will be among the first companies to introduce an indigenously manufactured Li-ion cell in India.”
UNI KNR BD
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