Amara Raja Energy & Mobility Delivers Strong Q1 FY25 Performance

Amara Raja Energy & Mobility (ARE&M) announced robust financial results for the first quarter ended June 30, 2024. The company reported a 23% year-on-year increase in profit before tax to ₹328.66 crore, translating to an Earnings Per Share (EPS) of ₹13.36.

Revenue from operations surged to ₹3,131.19 crore, a 13% growth compared to the same period last year. This growth trajectory was primarily driven by increased volumes across key segments, including the automotive aftermarket, original equipment manufacturers (OEMs), and export markets.

The company’s strategic focus on expanding its market presence and product portfolio, coupled with the growing demand for energy storage solutions, has positioned ARE&M for sustained growth. The strong performance in Q1 FY25 underscores the company’s ability to capitalise on market opportunities and deliver value to its shareholders.

Mr Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries says, “Our revenue and profit numbers are a testament to our sustained growth story. In the last quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM batteries. We are betting big on growing this space in the coming months. We will continue to build our product range, cater to newer segments, and strengthen our global presence.”

“We have seen healthy growth from our chargers and battery packs business and have successfully forged partnerships with GIB and Highstar for our cell technology and commercialisation. We have also begun to successfully forge customer alliances, which gives us confidence in the steps we have taken so far. The construction of the first phase of our cell manufacturing and advanced energy research and innovation centre is proceeding in a phase-wise manner,” says Executive Director of New Energy Business, Mr Vikramadithya Gourineni.

Commenting on the results, Mr Jayadev Galla, Chairman and Managing Director of ARE&M, said, “We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament to our customer’s trust in our product’s quality and reliability. The rapid movement in the Li-ion initiatives and the ongoing new additions to our advanced lead acid battery portfolio promise a very strong future.”

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