Amara Raja Energy & Mobility Ltd., formerly known as Amara Raja Batteries Ltd., reported a steady performance in Q4FY24 and strong growth in FY24.
Q4FY24 Financial Highlights:
Net Sales: ₹2,797 crore, up 15% YoY (Year-over-Year)
EBITDA: ₹408 crore, with a corresponding margin of 14.6%.
Profit After Tax (PAT): ₹230 crore, a 62% YoY increase
FY24 Financial Highlights:
Revenue: ₹11,260.30 crore (compared to ₹10,389.71 crore in FY23)
Profit Before Tax (PBT): ₹1,211.03 crore
Earnings Per Share (EPS): ₹49.49
Key Points:
Strong Growth in Q4: The company experienced robust growth in revenue and profitability in Q4FY24, primarily driven by increased demand for its products and services.
Consistent Performance in FY24: The company continued to perform well throughout the fiscal year, with notable increases in revenue and profit before tax.
Expansion and Diversification: Amara Raja Energy & Mobility is focused on expanding its product portfolio and diversifying into new areas such as lithium-ion battery technology and electric vehicle charging infrastructure.
Dividend: The Board of Directors approved a final dividend of ₹5.10 per equity share for FY24.
For further information and analysis, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/amara-raja-energy-and-mobility-ltd
Amara Raja Energy & Mobility Ltd. Website (Investor Relations): https://www.amararajaeandm.com/Investors/
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