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Amara Raja Batteries zooms on reporting 39% rise in Q2 consolidated net profit

04 Nov 2022 Evaluate

Amara Raja Batteries is currently trading at Rs. 576.10, up by 56.30 points or 10.83% from its previous closing of Rs. 519.80 on the BSE.

The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 579.75 and Rs. 543.05 respectively. So far 638760 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 713.75 on 10-Nov-2021 and a 52 week low of Rs. 438.15 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 521.85 and Rs. 501.60 respectively. The current market cap of the company is Rs. 9808.05 crore.

The promoters holding in the company stood at 28.06%, while Institutions and Non-Institutions held 28.49% and 43.45% respectively.

Amara Raja Batteries has reported results for second quarter ended September 30, 2022. The company has reported a rise of 40.28% in its net profit at Rs 202.17 crore for the quarter under review as compared to Rs 144.12 crore for the same quarter in the previous year. Total income of the company increased by 18.88% at Rs 2723.13 crore for Q2FY23 as compared Rs 2290.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 39.43% in its net profit at Rs 201.22 crore for the quarter under review as compared to Rs 144.32 crore for the same quarter in the previous year. Total income of the company increased by 18.94% at Rs 2724.44 crore for Q2FY23 as compared Rs 2290.59 crore for the corresponding quarter previous year.


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