Amara Raja Batteries soars 6% on good Q3 operational performance

The management said the replacement demand for AMARON, POWER ZONE and QUANTA batteries across market segments helped the company achieve healthy volume growth.

Shares of Amara Raja Batteries rallied 6 per cent to Rs 791 on the BSE on Monday after the company reported a good operational performance in December quarter (Q3FY20). The stock of the auto ancillary company was quoting close to its 52-week high level of Rs 814, touched on Thursday, January 27, 2020.

The company’s earnings before interest, tax, depreciation and amortisation (Ebitda) margins expanded 130 basis points (bps) year-on-year (YoY) to 16.2 per cent, driven by lower raw material costs and impacted by higher-than-expected other costs.

Net revenue from operations during the quarter grew 3 per cent