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Dolat Capital Report
Amara Raja Batteries Ltd. demonstrated strong operating performance in Q2 FY21.
Revenue was Rs 19.36 billion (up14.2% YoY), led by recovery in demand from the automotive (both original equipment manufacturer and replacement) and the industrial segment.
In addition, supply chain disruption faced by its competitors also aided the revenue growth.
While the overall demand scenario has improved since reopening of the economy, replacement demand is moderated for the four wheeler segment.
Although two-wheeler battery demand is strong, there is short supply in most parts of the country.
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