Amara Raja Batteries gains on reporting 7% rise in Q1 net profit

Amara Raja Batteries is currently trading at Rs. 924.00, up by 22.10 points or 2.45% from its previous closing of Rs. 901.90 on the BSE.

The scrip opened at Rs. 910.00 and has touched a high and low of Rs. 925.00 and Rs. 910.00 respectively. So far 4,505 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1132.00 on 25-Aug-2015 and a 52 week low of Rs. 773.05 on 18-Jan-2016.

Last one week high and low of the scrip stood at Rs. 946.45 and Rs. 870.00 respectively. The current market cap of the company is Rs. 15,756.60 crore.

The promoters holding in the company stood at 52.06%, while Institutions and Non-Institutions held 28.74% and 19.20% respectively.

The company has reported a rise of 6.82% in its net profit at Rs 130.66 crore for the quarter ended June 30, 2016 as compared to Rs 122.32 crore for the same quarter in the previous year. Total income of the company increased by 16.01% to Rs 1477.99 crore for the quarter under review from Rs 1274.00 crore for the corresponding quarter of the previous year.

Amara Raja Batteries is engaged in manufacturing of industrial and automotive batteries. It was founded in 1985. ARBL was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three-year warranty in industrial and automotive applications.