Amara Raja Batteries Limited is set to commission its greenfiled expansion of four-wheeler automotives batteries facility in Andhra Pradesh shortly.

The batteries major, which has taken up expansion projects for four and two-wheeler and industrial segment batteries, is at advanced stage of addition of two lines of two-wheeler battery capacity and tubular batteries.

Jay Galla, Vice Chairman of Amara Raja Batteries Limited, in a statement said that the greenfield plant is nearing completion and the other two projects are progressing as per plans.

Commenting about the quarterly numbers, he said that the continuing growth momentum of the company is reflected in growth of revenues and profit.

SV Raghavendra, Chief Financial Officer of ARBL, said, the company continues to perform as per plan and the financial position of the company is robust to support further opportunities for growth. All functions in the company are well poised and integrated for reaping the benefits of the evolving government policies and resultant opportunities.

For the company, the automotive business continued to maintain its growth trend in four-wheeler batteries backed by improved sales in aftermarket segment in Amaron and PowerZone brands. The industrial batteries business was aided by optimal product mix and demand.

Referring to the industrial battery segment, the company stated that apart from being considered as a preferred supplier by major customers, the company has started providing total solutions to customers enabling it to forge strategic alliances.

The company logged a net profit of Rs 102 crore and income of Rs 1,060 crore for the third quarter ended December 31, 2014.

The company shares were trading at Rs 886, down 0.56 per cent at BSE.

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