English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessEarningsAmara Raja Batteries Q1 profit seen down 9% at Rs 118 cr

    Amara Raja Batteries Q1 profit seen down 9% at Rs 118 cr

    Revenue during the quarter is likely to fall 3 percent to Rs 1,424 crore on year-on-year basis.

    August 07, 2017 / 11:03 IST

    Amara Raja Batteries' first quarter profit is seen falling 9 percent year-on-year to Rs 118 crore on weak operational performance.

    Revenue during the quarter is likely to fall 3 percent to Rs 1,424 crore on year-on-year basis but it may be supported by increased prices in the OEM segment. Telecom segment is expected to post flattish revenues in Q1.

    Operating profit may decline 7 percent to Rs 212 crore and margin may contract by 60 basis points to 14.8 percent compared with same quarter last year due to increase in raw material prices, according to average of estimates of analysts polled by CNBC-TV18.

    Lead prices increased more than 25 percent since January 2017.

    first published: Aug 5, 2017 05:29 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347