Moneycontrol PRO
HomeNewsBusinessEarningsAmara Raja Q3 beats estimates; profit jumps 33%, EBITDA up 27%

Amara Raja Q3 beats estimates; profit jumps 33%, EBITDA up 27%

Revenue increased 15.6 percent to Rs 1,225 crore in quarter ended December 2015 compared to Rs 1,059.6 crore in year-ago period.

February 02, 2016 / 14:40 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Moneycontrol Bureau

    Automotive battery manufacturer Amara Raja Batteries' third quarter earnings beat analysts' expectations on Tuesday. Profit shot up 33 percent year-on-year to Rs 136.2 crore during the quarter, led by overall strong performance.

    Revenue increased 15.6 percent to Rs 1,225 crore in quarter ended December 2015 compared to Rs 1,059.6 crore in year-ago period.

    Profit was expected at Rs 124 crore on revenue of Rs 1,186 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18.

    Operating profit (earnings before interest, tax, depreciation and amortisation) in Q3 jumped 27.2 percent to Rs 229 crore and margin expanded by 180 basis points to 18.7 percent on yearly basis. Analysts were expecting operating profit at Rs 209 crore and margin at 17.7 percent for the quarter.

    At 14:37 hours IST, the scrip of Amara Raja Batteries was quoting at Rs 859, down Rs 17.30, or 1.97 percent amid high volumes despite better-than-expected earnings.

    first published: Feb 2, 2016 02:40 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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    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