Amara Raja Energy & Mobility Sees 62% Profit Surge in Q4

Amara Raja Energy & Mobility reported a consolidated profit after tax of Rs 230 crore for Q4 ending March 2024, a 62% increase from Rs 142 crore in the same period last year. Revenue rose to Rs 2,908 crore. For the full fiscal year, profit rose to Rs 934 crore, with revenue reaching Rs 11,708 crore.

Amara Raja Energy & Mobility on Tuesday said its consolidated profit after tax rose 62 per cent to Rs 230 crore for the fourth quarter ended March 2024.

The company had reported a profit after tax of Rs 142 crore in the January-March quarter of 2022-23 fiscal.

Revenue from operations rose to Rs 2,908 crore for the fourth quarter as against Rs 2,433 crore in the year-ago period, Amara Raja Energy & Mobility said in a regulatory filing.

For the year ended on March 31, 2024, the company reported a profit after tax of Rs 934 crore as against Rs 731 crore in the 2022-23 financial year.

Revenue from operations for the last fiscal rose to Rs 11,708 crore as compared to Rs 10,392 crore in FY23.

The company said its board has approved a final dividend of Rs 5.10 per share.

Shares of the company on Tuesday settled 2.21 per cent higher at Rs 1,246.45 apiece on the BSE.