Dolat Capital: Amara Raja Batteries Posts Stellar Q2 Performance; Valuation Caps Upside 
A file photograph of traffic along a highway during morning rush hour in Delhi, India. (Photographer Kuni Takahashi/Bloomberg)

Dolat Capital: Amara Raja Batteries Posts Stellar Q2 Performance; Valuation Caps Upside 

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Dolat Capital Amara Raja Batteries Q2FY21 Result Update.pdf

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