Amara Raja Batteries Limited has posted a profit of Rs 119.34 crore for the fourth quarter ended March 31, 2019 as against a profit of Rs 109.80 crore for the corresponding period of previous quarter. The batteries major logged marginally lower revenues at Rs 1573 crore for the fourth quarter as against Rs 1604.44 crore for the corresponding quarter of last year.
For the full year ended March 31, 2019, the company logged a profit of Rs 483.23 crore and income of Rs 6839.88 crore as against a profit of Rs 471.32 crore and income of Rs 6299.35 crore.
The Board of Directors at a meeting held today recommended a dividend of 508 per cent, that is Rs 5.08 per equity share of Re 1 each, which is subject to approval of the shareholders. Interim dividend of Rs 2 per equity share of face value of Re 1 each was approved by the Board at its meting held in November 2018 and was later paid. The total dividend for the year works out to Rs 7.08 per share of Re 1 each as against Rs 4.15 distributed in the previous fiscal.
During last year, as per the agreements, the company promoter group of the Galla family had acquired 2 per cent stake from Johnson Controls International plc. Thereafter various agreements with Johnson Controls were terminated .