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Amara Raja Q1 down 23.6% to Rs 99.85 crore
Highlights
Hyderabad: Amara Raja Batteries on Monday announced its first quarter results. The company recorded a 23.58 per cent drop in net profit at Rs 99.85 crore during the first quarter ended June 30, 2017, according to its communique to BSE. It had reported a net profit of Rs 130.66 crore in the previous corresponding quarter.
Hyderabad: Amara Raja Batteries on Monday announced its first quarter results. The company recorded a 23.58 per cent drop in net profit at Rs 99.85 crore during the first quarter ended June 30, 2017, according to its communique to BSE. It had reported a net profit of Rs 130.66 crore in the previous corresponding quarter.
Amara Raja Batteries, however, said total income of the company rose 14.99 per cent to Rs 1,684.96 crore during the quarter under review, as against Rs 1,465.28 crore of the corresponding quarter last fiscal. Amara Raja's total expenses were up 20.37 per cent to Rs 1,534.24 crore, as against Rs 1,274.53 crore. Shares of Amara Raja Batteries rose Rs 16.90 or 2.10 percent to Rs822.55 on BSE.
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