Amara Raja Batteries up 7%; reports highest-ever net profit in Q2

The company said both automotive and industry battery businesses have recorded healthy volume growth during the quarter barring automotive OE segment.

Shares of Amara Raja Batteries surged 7 per cent to Rs 699 on the BSE on Monday, after the company reported 370 bps improvement in EBITDA (earnings before interest, tax, depreciation and amortisation) margin at 17.2 per cent in the September 2019 quarter (Q2FY20) on account of softer commodity prices. In comparison, the S&P BSE Sensex was down 0.16 per cent at 40,260 points at 09:39 am.

The company, a leading industrial and automotive battery major, reported its highest-ever net profit of Rs 219 crore, up 82 per cent on year-on-year (YoY) basis. Profit before tax (PBT) increased 25