Amara Raja Energy & Mobility (500008) Q4 00/01 earnings summary

Executive summary

• Net sales rose 16.45% to Rs 1,259.44 million; profit after tax increased 5.10% to Rs 205.32 million for FY 2000-01.

• Industrial batteries maintained market leadership, while automotive growth was driven by the Amaron aftermarket launch and added OEM accounts.

Financial highlights

• Production reached 382,774 batteries and sales volume 378,153, versus 247,039 produced and 244,992 sold in FY 1999-00.

• Sales, including excise duty, were Rs 1,550.13 million; net sales were Rs 1,259.44 million, up 16.45% YoY.

• Profit before tax was Rs 235.14 million; PAT was Rs 205.32 million versus Rs 195.36 million in FY 1999-00.

• Interest expense was Rs 5.46 million, depreciation Rs 68.34 million and taxation Rs 27.55 million.

Outlook and guidance

• Industrial battery growth expected to continue on telecom and UPS demand; Kombat product upgrades and expanded mid-size UPS offerings planned.

• Automotive aftermarket network expansion planned across India, with a wider product range for farm and commercial applications.

• Exports identified as a growth priority across industrial and automotive products, targeting South East Asia, Europe, the Middle East and Africa.