Business Standard

Amara Raja Batteries hits 52-week high on strong Q3 earnings

The board approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries.

Related News

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

“Net sales of the company increased 23% to Rs 757 crore for the quarter, as against Rs 612 crore a year ago,” said in a statement.

Meanwhile, the company engaged in manufacturing of industrial and automotive batteries is planning to invest Rs 440 crore for capacity expansion in the automotive segment.

“The board of directors has approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries,” the company said.

The stock opened at Rs 308 and has seen a combined around 225,000 shares changing hands on the counter in opening deals on both the exchanges.

 

Read more on:   
|
|

Amara Raja Batteries hits 52-week high on strong Q3 earnings

The board approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries.

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

Amara Raja Batteries has rallied 6% to Rs 320, also its 52-week high on BSE, after reporting 23% year-on-year growth in net profit at Rs 81 crore in the quarter ended December 31, 2012 (Q3) on back of the strong growth in volumes of 4-wheeler and 2-wheeler batteries.

“Net sales of the company increased 23% to Rs 757 crore for the quarter, as against Rs 612 crore a year ago,” Amara Raja Batteries said in a statement.

Meanwhile, the company engaged in manufacturing of industrial and automotive batteries is planning to invest Rs 440 crore for capacity expansion in the automotive segment.

“The board of directors has approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and four wheeler batteries,” the company said.

The stock opened at Rs 308 and has seen a combined around 225,000 shares changing hands on the counter in opening deals on both the exchanges.

 

image

Read More

UCO Bank slips on declining net

Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.

Recommended for you

Advertisements

Quick Links

Market News

Mutual funds raise allocations to FMCG stocks amid jittery markets

Exposure to the sector at nine-month high of 5.01%

Rise of about 30% expected in castor oil export this year

1.5 mn tonne castor seed required to meet demand, lower crop size may create shortage

Pulses traders to benefit from Myanmar Commodity Exchange

The exchange offers trading in commodities across segments, with initial focus on pulses and gold

Sebi may issue paper on listing norms for start-ups next week

Capital markets regulator Sebi is likely to put out a discussion paper on the listing norms for start-ups next week. Securities and ...

Incentives for GIFT City: Profit transfer rule eased for bourses

Sebi issues guidelines on this and related matters for global financial services centre, applicable for foreign & domestic exchanges, ...

 

Back to Top