Higher expenses pare Amara Raja Batteries' Q4 net by 9% to Rs 99 cr

This, despite an 18% y-o-y growth in Q4 income to Rs 1,527 cr

Amara Raja Batteries posted a nine per cent decrease in net profit at Rs 99.19 crore in the fourth quarter of 2016-17, as compared with Rs 109.06 crore in the corresponding quarter the previous financial year.

However, its total income was up 18 per cent to Rs 1,526.99 crore during January-March this year, from Rs 1,296.04 crore in the same quarter a year ago.

The automobile storage battery maker's expenses rose 22 per cent tp Rs 1,378.95 crore during the quarter under review, from Rs 1,132.81 crore a year ago.

The Hyderabad-based company has registered a marginal decline in net profit at