Amara Raja Batteries Limited has posted a net profit of Rs 94.58 crore for the second quarter ended September 30, 2013 as against Rs 70.10 crore it logged for the corresponding period last fiscal.

The net sales income, excluding other income for the batteries major for the second quarter was Rs 804.72 crore, a growth of 12.37 per cent over Rs 716.15 crore it logged for the same period last year.

For the first half ended September 30, the company logged in a net profit of Rs 192.38 crore (Rs 146.19 crore) and net sales of Rs 1,691.57 crore (Rs 1,403.93 crore).

Jaydev Galla, Managing Director of Amara Raja Batteries, in a statement said, “Sustained good performance continues to be in line with our annual plan, despite slowing economy, volatile rupee and sluggish demand in the automotive and UPS segments. The ongoing agitation in Andhra Pradesh has so far not had any major impact on the company operations.”

The overall performance was boosted by the automotive and industrial battery business which reported double digit growth in revenues. The automotive battery segment was aided by strong volume expansion both in four-wheelers and two-wheelers batteries in the replacement market.

The expansion of two-wheeler batteries has seen some delay and is expected to be ready by January 2014. The enhanced capacity will enable the company supply to OEMs and also growth the aftermarket.

The Greenfield project for four-wheelers is expected to be commissioned in the second quarter of next fiscal.

The company’s share ended at Rs 315.30, up 1.11 per cent at BSE today.

>rishikumar.vundi@thehindu.co.in

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