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Battery maker Amara Raja Energy & Mobility Ltd on Monday reported a 16 per cent increase in consolidated profit after tax at Rs 190.94 crore for the first quarter ended June 30, 2026, on the back of strong sales growth. The company had posted a consolidated profit after tax (PAT) of Rs 164.8 crore in the corresponding quarter of the previous fiscal, Amara Raja Energy & Mobility said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 4,214.54 crore as against Rs 3,401.08 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 3,979.41 crore as compared to Rs 3,190.66 crore in the same period a year ago, the company said. Lead acid batteries and allied products segment clocked revenue of Rs 4,005.24 crore in the first quarter as against Rs 3,279.79 crore in the corresponding period last fiscal. New energy business reported a robust growth in revenue at Rs 209.3 crore, up from Rs 121.29 crore .
Expressing concern over the financial health of the Congress government in Telangana, Jayadev Galla, Chairman of Amara Raja Energy & Mobility on Saturday said if it does not honour the commitments made by the previous BRS regime, then they may have to look elsewhere for its plant's capacity expansion. Galla's comments came at a time when Chief Minister A Revanth Reddy and his team are touring the US trying to hardsell Telangana as an investment destination. Earlier in the day, Amara Raja Group held a groundbreaking ceremony for their Customer Qualification Plant for cell manufacturing and also inaugurated Phase 1 of the battery pack plant of 1.5 GWh in Mahabubnagar district. The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, over a period of 10 years, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana, which has an ultimate capacity up to 16 GWh and a Battery Pack ..
Amara Raja Energy & Mobility (ARE&M) has posted about 26 per cent rise in consolidated net profit at Rs 249.12 crore for June quarter FY25. It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday. Revenue from operations rose to Rs 3,263.05 crore from Rs 2,796.27 crore in the year-ago quarter. Revenue growth was aided by year-on-year healthy volumes registered in the automotive after-market, OEMs (original equipment manufacturers), and export markets, the company said in a statement. "In the quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM (Absorbed Glass Mat) batteries. We are betting big on growing this space in the coming months," Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said. The company will continue to build its product range, cater to newer segments, and ...
Amara Raja Batteries Ltd on Friday said it intends to invest Rs 9,500 crore over the next 10 years in Telangana on setting up research and manufacturing facilities for lithium-ion battery-making in the state. The company on Friday signed a memorandum of understanding (MoU) with the Telangana government to set up research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Amara Raja Batteries said in a regulatory filing. "Over the next 10 years, the company intends to invest over Rs 9500 crore, after necessary approvals," it added. The initial facilities would include an energy research and innovation center in Hyderabad, dubbed the Amara Raja E-hub. It will be equipped with advanced laboratories and testing infrastructure for material research, prototyping, product life cycle analysis and proof of concept demonstration, the company said. "This will cater to the development needs of the Amara Raja as well as to provide a range of facilities open to