Amara Raja Batteries on Sunday posted a 17.90 per cent fall in net profit at Rs 112.32 crore for the quarter ended December 31, due to higher expenses.
The company had posted a net profit of Rs 136.82 crore during the same period a year ago.
It's total income from operations, however, rose by 9.67 per cent to Rs 1,502 crore during the quarter from Rs 1,369.54 crore in the year-ago period, Amara Raja Batteries said in a BSE filing.
The expenses were up 14.46 per cent at Rs 1,344.96 crore as compared to Rs 1,175.03 crore in the corresponding quarter last fiscal.
Amara Raja offers a wide range of products such as batteries, power solutions and electronics, among others.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.