Amara Raja nets 119 crore in Q4

Hyderabad: Net profit of Amara Raja Batteries rose 8.69 per cent to Rs 119.34 crore in the quarter ended March 2019 as against Rs 109.80 crore during the previous quarter ended March 2018.

Sales declined 0.89 per cent to Rs 1,566.73 crore in the quarter ended March 2019 as against Rs 1580.74 crore during the previous quarter ended March 2018.

For the full year,net profit rose 2.58 per cent to Rs 483.49 crore in the year ended March 2019 as against Rs 471.32 crore during the previous year ended March 2018.

Sales rose 12.11 per cent to Rs 6,793.11 crore in the year ended March 2019 as against Rs 6,059.15 crore during the previous year.

The Board of Directors at a meeting held on Wednesday recommended a dividend of 508 per cent, that is Rs 5.08 per equity share of Re 1 each, which is subject to approval of the shareholders.

Interim dividend of Rs 2 per equity share of face value of Re 1 each was approved by the Board at its meeting held in November 2018 and was later paid.

The total dividend for the year works out to Rs 7.08 per share of Re 1 each as against Rs 4.15 distributed in the previous fiscal.

During last year, as per the agreements, the company promoter group of the Galla family had acquired 2 per cent stake from Johnson Controls International plc. Thereafter various agreements with Johnson Controls were terminated.