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Amara Raja Batteries has dipped nearly 5% at Rs 850 on BSE in early morning trade after reporting 7.3% year on year growth in net profit at Rs 102 crore for the third quarter ended December 31, 2014 (Q3). The company had posted a net profit of Rs 95 crore in the same quarter last fiscal.
Net sales of the company rose to Rs 1,060 crore for the third quarter ended December 31, 2014, as against Rs 860 crore in the year-ago period, Amara Raja Batteries said in a filing to the BSE.
Analysts on an average had expected profit of Rs 103 crore on net sales of Rs 1,051 crore for the quarter.
EBITDA or operating profit margin declined 50 bps to 16.88% against 17.42%.
The stock opened at Rs 868 and touched a low of Rs 842 on BSE so far. A combined around 98,000 shares changed hands on the counter till 0933 hours on BSE and NSE. The stock hit a record high of Rs 895 on Tuesday, January 27, 2015.
Net sales of the company rose to Rs 1,060 crore for the third quarter ended December 31, 2014, as against Rs 860 crore in the year-ago period, Amara Raja Batteries said in a filing to the BSE.
Analysts on an average had expected profit of Rs 103 crore on net sales of Rs 1,051 crore for the quarter.
EBITDA or operating profit margin declined 50 bps to 16.88% against 17.42%.
The stock opened at Rs 868 and touched a low of Rs 842 on BSE so far. A combined around 98,000 shares changed hands on the counter till 0933 hours on BSE and NSE. The stock hit a record high of Rs 895 on Tuesday, January 27, 2015.
