Amara Raja Batteries profit up 33%

Total income up from Rs 2,392.44 crore for FY12 to Rs 3,007.95 crore for FY13

Amara Raja Batteries' profit was up more than a third for the financial year ending March 2013.

The Company, which is involved in the automotive and industrial battery business, posted a net profit of Rs 286.70 crore for the year ended March 31, 2013 as compared to Rs 215.06 crore for the year ended March 31, 2012, according to results declared on the exchange website on Tuesday.

Total income went up from Rs 2,392.44 crore for FY12 to Rs 3,007.95 crore for FY13.

The company has also declared a dividend of Rs 2.52 per share.

“The dividend if approved by the shareholders at the ensuing annual general meeting scheduled to be held on August 14, 2013 shall be paid on or before August 31, 2013,” said the release.

Foreign institutional investors increased their stake during the March quarter. They held 10.10% of the shares in the company at the end of March compared to 6.82% at the end of December. Domestic institutional investors decreased their stake from 17.62% to 15.28% during the same period.