Amara Raja Batteries' third quarter profit after tax is expected to increase 6 percent year-on-year to Rs 100.5 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Amara Raja Batteries ' third quarter profit after tax is expected to increase 6 percent year-on-year to Rs 100.5 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Analysts believe the high depreciation and lower other income may lead to slow growth in PAT.
Revenues of the battery manufacturer are seen going up 25 percent to Rs 1,080 crore in the quarter ended December 2014 from Rs 862.9 crore in same quarter last fiscal, driven by strong demand volume growth expected in both auto replacement and telecom battery segments.
Operating profit may jump 22 percent on yearly basis to Rs 183 crore but margin may decline 50 basis points to 16.9 percent during October-December quarter due to slightly inferior product mix. Higher contribution of lower margin telecom battery sales may restrict margin growth during the quarter.
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Amara Raja Batteries Q3 net may rise 6% to Rs 100 cr: Poll
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Amara Raja Batteries Q3 net may rise 6% to Rs 100 cr: Poll
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