Amara Raja Batteries soars 10% amid heavy volumes on strong Q2 results

The company's net profit jumped 43 per cent YoY, and it witnessed robust demand in the automotive sector from the aftermarket as well as OEM segments.

Shares of Amara Raja Batteries soared 10 per cent to Rs 571.75 on the BSE in Friday’s intra-day trade on the back of heavy volumes after the company reported strong September quarter (Q2FY23) results with profit before tax (PBT) up 43 per cent at Rs 276.52 crore over the previous year quarter. On a sequential basis, PBT rose 56 per cent.

At 09:33 AM, the stock traded 9.7 per cent higher at Rs 570.35, as compared to 0.10 per cent rise in the S&P BSE Sensex. The average trading volumes at the counter surged over 10-fold today. A combined