Amara Raja Batteries has soared 19% to Rs 372 after reporting a robust 95% year-on-year (yoy) jump in net profit at Rs 76 crore for the quarter ended June 30, 2012 on back of higher sales. Total operational income grew 32% at Rs 694 crore on y-o-y basis.
Operating margins improved by 500 basis points to 18.07% from 13.10% during the quarter under review.
The company has reported an earning per share (EPS) of Rs 8.91 for the quarter ended June 30, 2012 as compared to Rs 4.57 for the quarter ended June 30, 2011.
The stock opened at Rs 319 and hit a low of Rs 310 on the NSE. A combined 693,203 shares have changed hands on the counter so far on the NSE and BSE.