Amara Raja Batteries has rallied 8% to Rs 341, also its 52-week high on BSE after reporting a strong 19% year-on-year (yoy) growth in net profit at Rs 95 crore for the quarter ended September 30, 2013 (Q2) on back of healthy operational performance. The auto parts and equipment maker had posted profit of Rs 70 crore in a year ago quarter.
Net sales grew by 12% at Rs 805 crore on yoy basis.
The EBITDA margins expanded by 133bp sequentially (124bp yoy) to 17.6% driven by substantial decline in the purchase of traded goods owing to decline in trading revenue from the home UPS segment.
The company has undertaken an ambitious capital expenditure plan of Rs 760 crore to ease the capacity constraints across the product segments that it is facing currently, Amara Raja Batteries said in a statement.
Analyst at Angel Broking expect the company to sustain its growth momentum going ahead, led by widening reach, strong product offerings and increasing capacity.
Net sales grew by 12% at Rs 805 crore on yoy basis.
The EBITDA margins expanded by 133bp sequentially (124bp yoy) to 17.6% driven by substantial decline in the purchase of traded goods owing to decline in trading revenue from the home UPS segment.
The company has undertaken an ambitious capital expenditure plan of Rs 760 crore to ease the capacity constraints across the product segments that it is facing currently, Amara Raja Batteries said in a statement.
Analyst at Angel Broking expect the company to sustain its growth momentum going ahead, led by widening reach, strong product offerings and increasing capacity.
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