Amara Raja Sees 6.3% Profit Growth, Ups EV Investment to ₹2,000 Crore

5 Nov 2024 , 10:39 AM

Amara Raja Energy & Mobility Ltd. reported a 6.3% year-on-year (YoY) increase in net profit for Q2 FY25, reaching ₹240.7 Crore compared to ₹226.4 Crore in the same period last year.

Revenue from operations saw an 11.6% increase YoY, climbing to ₹3,135.8 Crore from ₹2,811.1 Crore in Q2 FY24. At the operating level, EBITDA rose by 7.5% to ₹440.7 Crore, up from ₹409.8 Crore in Q2 FY24. The EBITDA margin slightly declined to 14.1% in Q2 FY25 compared to 14.6% in Q2 FY24.

The board declared an interim dividend of ₹5.30 per equity share (530%), payable on or before December 3, 2024, with a record date set for November 14, 2024.

Amara Raja announced a substantial increase in investment for its subsidiary, Amara Raja Advanced Cell Technologies (ARACT), raising the commitment from ₹1,000 Crore to ₹2,000 Crore. This increased funding, provided through loans, equity, or other financing modes, aims to accelerate ARACT’s gigafactory and advanced manufacturing initiatives.