Amara Raja Energy & Mobility’s Q3 net up 11 pc at ₹298 cr

Amara Raja Energy & Mobility’s consolidated net profit increased 11 percent to ₹298 crore in the third quarter ended December 2024, compared to ₹269 crore in the corresponding quarter of previous financial year. 

The revenue from operations for the Hyderabad-based company increased 10 percent at ₹3,164 crore as against ₹2,881 crore in the same period last year. 

“Our traditional lead acid battery business continues to deliver strong results in both India and international markets. The business traction is positive across segments,’‘ Jayadev Galla, Chairman & Managing Director said in a release. 

“We continue to make rapid progress in the Li-ion battery and chargers segment and are confident that we will be among the first companies to introduce an indigenously manufactured Li-ion cell in India,’‘ he added. 

According to Vikramadithya Gourineni, Executive Director, New Energy Business, Amara Raja, the company was continuing to build out the next phase of its Giga Corridor investments, which include the research and engineering center as well as our customer qualification plant, both of which should be operational in the next couple of quarters. 

“We are already operating two pack facilities in Tirupati and Telangana. We will be commencing construction on our first giga-scale cell manufacturing plant soon. There are some headwinds in the sector, but our efforts to secure new accounts and continue our technology commercialization remain intact,’‘he said. 

Harshavardhana Gourineni, Executive Director, Automotive & Industrial said the company would continue to expand in European markets and had introduced Amaron in 7 new countries.