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Amara Raja Q3 PAT down 2% at Rs 131 crore

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ETAuto
12th February, 2019 16:07 IST
Company's Earnings Per Share (EPS) for Q3 was at Rs. 7.66. New Delhi: Home-grown battery maker Amara Raja reported 2.2 per cent decline in its standalone profit after tax (PAT) for the third quarter ended December 31, 2018.

The company posted Rs 134 crore standalone PAT in Q3 FY'18, Amara Raja said in a release.

Company's net revenue from operations stood at Rs 1,695 crore in Q3 FY'19, up 9 per cent, as compared to Rs 1,553 crore in the third quarter of previous fiscal.

During the quarter under review, the automotive battery business achieved strong growth in sales volume despite the subdued demand from the OEM segment, the company claimed.

Commenting on the Q3 performance, Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said, "The Automotive business continues to perform better and we are critically evaluating the evolving trends in both the automotive and storage battery sectors and are building capabilities to take advantage of opportunities emerging from time to time."

Company's Earnings Per Share (EPS) for Q3 was at Rs. 7.66.
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