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Monday, December 23, 2024 | 10:34 AM ISTEN Hindi

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Amara Raja Batteries fall 5% on poor Q3 earnings

At 11:01 am, the company was trading 3.31% lower at Rs 872.50. It hit an intra-day low of Rs 857.25

Market traders struggle to fully price in GST gains
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SI Reporter New Delhi
Amara Raja Batteries fell as much as 5% at intra-day in an otherwise positive market after the company posted a 17.90% fall in net profit at Rs 112.32 crore for the quarter ended December 31, due to higher expenses. The company had posted a net profit of Rs 136.82 crore during the same period a year ago.
 
Its total income from operations, however, rose by 9.67% to Rs 1,502 crore during the quarter from Rs 1,369.54 crore in the year-ago period, Amara Raja Batteries said in a BSE filing.
 
The expenses were up 14.46% at Rs 1,344.96 crore

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