Amara Raja trails Exide on margins

Pricing pressure, product mix saw these at a multi-quarter low

The stock of Amara Raja, the storage battery maker, among other items, is down 2.5 per cent after a below-expectation performance in the June quarter (Q1) across most parameters. Barring the strong revenue growth, up 13 per cent year-on-year to Rs 1,497 crore, the results disappointed, especially on the margin front.
 
Operating profit margin at 12.9 per cent, down 430 basis points (bps) over the year-before quarter, was the lowest in the past nine quarters.
 
The company said these were due to high pricing pressure in the industrial segment and lower operating profit margin in the home uninterrupted