New Delhi: Amara Raja Energy & Mobility (ARE&M) reported a consolidated net profit of Rs 249.12 crore for the June quarter of FY25, showing a 26 per cent increase. As stated in a filing to the stock exchange on Saturday, the company announced a net profit of Rs 198.31 crore for the April-June quarter of 2023-24.
The revenue generated from activities increased to Rs 3,263.05 crore from Rs 2,796.27 crore in the previous quarter. The company stated that growth in revenue was supported by strong volumes in the automotive after-market, OEMs, and export markets compared to the previous year.
During the quarter, we experienced positive momentum from our global activities. The initiative was led by the demand for our domestically engineered AGM (Absorbed Glass Mat) batteries. Harshavardhana Gourineni, Executive Director of Automotive & Industrial Batteries, expressed confidence in the growth of this sector in the upcoming months. He mentioned that the company will keep expanding its product range, focusing on new segments, and enhancing its worldwide presence.
ARE&M specializes in energy storage solutions, lithium-ion cell production, electric vehicle chargers, automotive lubricants, and industrial lubricants, among other services.
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