Now Reading: Amara Raja profit rises 16% to Rs 190.9 crore in Q1 FY27
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Amara Raja profit rises 16% to Rs 190.9 crore in Q1 FY27
Amara Raja Energy & Mobility posted a 16% year-on-year rise in consolidated net profit to Rs 190.9 crore for Q1 FY27, with revenue jumping 24% to Rs 4,215 crore. Sequentially, profit fell…
The Story in Brief
Amara Raja Energy & Mobility posted a 16% year-on-year rise in consolidated net profit to Rs 190.9 crore for Q1 FY27, with revenue jumping 24% to Rs 4,215 crore. Sequentially, profit fell 39% from Q4 FY26, which had benefited from a Rs 181.15 crore exceptional item, while revenue rose 19%.
The lead-acid batteries segment, which drives revenue, grew 22% year-on-year. The new energy business reported a 73% rise in revenue to Rs 209.3 crore but remained loss-making. The company also disclosed that Andhra Pradesh Pollution Control Board revoked closure orders for certain plants for one year.
The Indian Opinion
Exuberance over the headline growth numbers misses the 39% sequential profit drop due to one-time gains in the previous quarter. The new energy business, touted as the future, grew revenue but still made a Rs 22 crore loss. Investors should watch how quickly that segment turns to profit, not just revenue, in coming quarters.
Source: freepressjournal.in
This story was synthesised by AI from the source linked above.
