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    Home»Merger and Acquisition»Amara Raja Batteries’ net profit dropped 56 percent
    Merger and Acquisition

    Amara Raja Batteries’ net profit dropped 56 percent

    Finance KhabarBy Finance KhabarAugust 7, 2020No Comments1 Min Read
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    New Delhi: Amara Raja Batteries Ltd.’s integrated net profit fell 56 percent to Rs 62.49 crore in the first quarter of the current financial year. This was Rs 140.73 crore in the same period of the previous financial year. In the information given to the stock market, the company said that its consolidated income during the period was Rs 1,151.22 crore. It was Rs 1,814.95 crore in the same period of the previous financial year.

    The company said that its manufacturing, supply chain, sales and distribution activities were affected by the Kovid-19 epidemic. Despite this, his performance has been better. Jaydev Galla, Deputy Chairman and Managing Director of the company said that the results for this quarter are important for us. The reason for this is not the profit and income figures but the commitment shown by our employees, colleagues and stakeholders.

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