Indian battery maker Amara Raja Energy & Mobility reported second quarter consolidated profit after tax of ₹2.36 billion ($27.99 million), compared to ₹2.38 billion in the same period a year before. Revenue rose to ₹32.51 billion from ₹29.60.
It reported robust growth in lead-acid battery volume for two and four-wheeler vehicles. OEM volume registered significant growth in the two-wheeler segment, but tepid demand for four-wheelers. It entered the North America market in the period, giving it a presence in over 50 countries.
Volume growth in industrial applications was moderate during the quarter and the transition to lithium-ion batteries resulted in reduced telecom lead-acid battery volumes.
It said refinery construction at its lead-acid battery recycling plant in Tamil Nadu was complete and production is due to start in November/December. A tubular battery manufacturing plant in Chittoor has been redesigned and production is expected to start in Q4 2025. Volume will be one million batteries per year.
With its lithium-ion battery range, the three-wheeler segment saw modest growth, as did telecom volumes. It is focusing on entering UPS, ESS and home energy segments. It said the new energy business is “its future growth engine.”
Meanwhile, Exide Industries reported a 4% rise in operating revenue in its second quarter and a rise in net profit to Rs crore 298 ($35.34 million), compared to Rs crore 287 a year before.
It said the two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth. Demand was soft in the home-UPS segment due to early monsoons. Excess channel inventories for auto OEMs dampened demand.
Export demand was encouraging and the company entered new geographies and strengthened its position in existing ones. Its focus is on boosting its product portfolio and broadening the distribution network to address international demand.
