29-05-2025
- Automotive
- United News of India
Amara Raja Energy & Mobility's Q4 PBT down to Rs 224 crore
Hyderabad/Tirupati, May 29 (UNI) Amara Raja Energy and Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, on Thursday reported a lowering in its profit before tax (PBT) to Rs 224 crore for the fourth quarter ended March 31,2024, compared with Rs 305 crore in the corresponding quarter of the previous financial year.
The company's revenue from operations during the quarter increased to Rs 2,974 crore against Rs 2,797 crore in the same period in the previous year.
For the full year FY25, Profit before Tax slightly increased to Rs 1,299 crore, compared to Rs 1,211 crore while revenue from operation stood at Rs 12,405 crore as against Rs 11,260 crore in FY24, the company said in a release here.
The Earnings per Share (EPS) for FY25 was at Rs. 52.66.
The company recorded an impressive revenue growth in the last FY, on the back of strong volume growth in both automotive and UPS Applications.
The margins are adversely impacted due to surge in alloy prices and power cost due to regulatory changes in solar power settlements and fuel surcharges.
Speaking on the results, Harshavardhana Gourineni, Executive Director- Automotive and Industrial, said, 'In FY25, we witnessed strong performance across all product categories in the automotive segment, with volumes showing a healthy increase. While the telecom segment experienced a decline, this was effectively offset by robust growth in the UPS business within the industrial segment".
Vikramadithya Gourineni, Executive Director - New Energy Business informed, 'This year we have commenced the construction of Giga Factory-1 at our industrial park in Telangana, while the Customer Qualification Plant (CQP) and R&D facility are fast nearing completion'.
Jayadev Galla, Chairman and Managing Director said, 'The New Energy Business witnessed groundbreaking of Giga Factory this year and continues to grow as per our projections. In another few quarters we will have the R&D facility and Customer Qualification Plant (CQP) operational which will add to our capabilities. The teams are committed to deliver excellence even as the global economic scenario continues to remain uncertain.'
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