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Share of Amara Raja Batteries plunged 8 per cent to Rs 915 apiece in the intra-day trade on the BSE on Monday after the company reported disappointing operating performance with earnings before interest, taxes, depreciation, and amortization (EBITDA) margin declinig 200 basis points (bps) quarter on quarter (QoQ) and 160 bps YoY to 15.6 per cent in December quarter (Q3FY21) due to higher staff cost.
The company, however, reported a 17.7 per cent YoY growth in profit after tax at Rs 193 crore on 12.1 per cent YoY jump in net sales at Rs 1,960 crore.
The company has also announced capex
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