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Auto Parts & Equipment company Amara Raja Energy & Mobility announced Q4FY24 & FY24 results:
- Profit before tax of Rs 1,211.03 crore for the FY24.
- The Revenue for FY24 stood at Rs 11,260.30 crore as compared to Rs 10,389.71 crore during FY23.
- The Earnings per Share (EPS) for FY24 was at Rs 49.49.
- The Company reported for the Q4FY24 a revenue of Rs 2,796.73 crore and profit before tax (PBT) of Rs 305.34 crore.
- The consolidated revenue growth stood at 13%.
Jayadev Galla, Chairman & Managing Director, said, “Our business across segments has performed considerably well. In the last FY, we made the big move of changing the company’s name to "Amara Raja Energy & Mobility" to reflect our vision to be leading India’s energy transition, especially in energy storage and mobility spaces. Today, we have a wide array of products and solutions that cater to every type of automotive and industrial application.”
Harshavardhana Gourineni, Executive Director - Automotive & Industrial Batteries, mentioned, "We observed robust and sustained growth in both industrial and automotive applications, that resulted in overall revenue growth of 10%. This was accomplished in part by launching new product ranges and brands in the automotive aftermarket and data center segments. In the last FY, we strengthened our global presence by entering the North American and European markets, placing our products in over 50 countries.”
Vikramadithya Gourineni, Executive Director - New Energy Business, stated, “The Giga Corridor project in Telangana is progressing smoothly, and we are all set to begin commercial production at our pack facility. New Energy Business clocked 110% growth over the previous year, further cementing our leadership position with our customers.”
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