In the consumer discretionary goods and services (CDGS) industry, Amara Raja Batteries Ltd. is a medium-sized company with a market value of Rs. 8,878.83 crore. In the Indian storage battery market, Amara Raja Batteries Limited (ARBL) is a market leader in manufacturing lead-acid batteries for both industrial and automotive applications. Under the Amaron® and PowerZoneTM brands, the company is a market leading manufacturer of domestic UPS/inverter batteries as well as automobile batteries. The company also announced an interim dividend of 290% for the financial year 2022–2023 along with its Q2 results.
The company, in a stock exchange filing, said that “in accordance with Regulations 30, 42 and 43 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors declared an interim dividend of Rs. 2.90/- per equity share.” (representing 290%) each fully paid for the financial year 2022-23 and the said interim dividend shall be paid on or before December 2, 2022. As per Regulation 42 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, the Board of Directors had fixed Wednesday, November 16, 2022, as the “record date” for the purpose of payment of interim dividend for the financial year 2022-23. Accordingly, the members whose names are professional as on November 16, 2022 At the close of hours (a) appear as beneficial owners as per the particulars furnished by the depository in respect of shares held in electronic form and (b) as members in the register of members shall be entitled to the said interim dividend pay-out. “
On a standalone basis, the company reported net revenue from operations of 2.699.46 crore in Q2FY23, as compared to 2.264.19 crore in Q2FY22 and 2.620.00 in Q1FY23 represents YoY growth of 19.22% and QoQ growth of 3.03%. The company recorded a net profit of 202.17 crore as compared to the quarter ended September 131.45 crore in the quarter ended June and 144.12 crore for the quarter ended September 2021, representing a year-on-year growth of 40.27% and QoQ growth of 53.79%. EPS increased 11.84 as of Q2FY23 7.70 As per Q1FY23 and 8.44 As of Q2FY22.
On a consolidated basis, the company reported net revenue from operations of 2.700.47 crore as compared to 2620.53 crore in Q1FY23 and 2264.15 crore in Q2FY22, representing a year-on-year growth of 19.27% and QoQ growth of 3.05%. Amara Raja Batteries declared net profit of 201.22 crore in Q2FY23, as compared to 132.01 crore in Q1FY23 and 144.32 crore in Q2FY22, representing a year-on-year growth of 39.42% YoY and QoQ growth of 52.42%. eps climbed 11.78 As of Q2FY23 7.73 As per Q1FY23 and 8.45 As of Q2FY22.
Amara Raja Batteries Ltd shares closed today 519.20 each, up 1.14% from the previous close 513.35. In today’s trading session, the stock recorded a total volume of 516,222 shares as compared to the 20-day average volume of 305,997 shares. The stock has fallen 26.15% in last 1 year and on YTD basis till 2022 the stock has fallen 18.63% so far.
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