Amara Raja Batteries Q3 Results Review - Strong Margin Performance: Dolat Capital

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Dolat Capital Report.Amara Raja Batteries Ltd. reported strong numbers in Q3 FY23, net revenue was at Rs 26.37 billion (up 11.5% YoY) while Ebitda stood at Rs 3.96 billion with margin at 15% (up 170 bps QoQ) benefited from fall in lead, separator prices and plastic cost, partially offset by rupee depreciation. The company would be a key beneficiary of strong growth in the passenger vehicles segment. Four wheelers contributes ~55% of total revenue (25% from original equipment manufacturers and rest 75% in aftermarket and export). Amara Raja has come up with a new product with 72 months’ warranty based on stamped grid technology in the pro segment which will help to increase customer faith in the product and gain market share. We maintain our positive view on Amara Raja due to: increase in production capacity which will help gain market share in the OEM segment (new business orders in two-wheeler from TVS Motor Company Ltd. and Hero MotoCorp Ltd.); sharp recovery in replacement and OEMs demanddiversification through foray into cell manufacturing andcorrection in raw material prices help in margin recovery..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Amara Raja Batteries Q3 Results Review - Strong Margin Performance: Dolat Capital

The company would be a key beneficiary of strong growth in the passenger vehicles segment.

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Amara Raja Batteries Q3 Results Review - Strong Margin Performance: Dolat Capital

The company would be a key beneficiary of strong growth in the passenger vehicles segment.

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