Amara Raja Batteries Limited has posted a net profit of Rs 102.26 crore for the fourth quarter ended March 31, 2015 against a profit of Rs 80.05 crore for the corresponding quarter last year.

The company total income for the fourth quarter was up at Rs 1069.84 crore as against Rs 887.94 crore for the same period last year.

For the financial year ended March 31, 2015, the company posted a net profit of Rs 410.86 crore and total income of Rs 4230 crore as against a net profit of Rs 367.44 crore and income of Rs 3451.75 crore for the previous financial year.

The company Board, which met at Milwaukee in the US last week, also approved a dividend of Rs 3.61 per share (face value of Rs 1 each) in line with its declared policy of distributing up to 15 per cent of its profits, subject to approval of the shareholders at the AGM.

The company automotive business witnessed good growth despite constraints.

Jaydev Galla, Vice Chairman and Managing Director of Amara Raja Batteries, said, “Our industrial and automotive battery units have reported double digit revenue growth and gained market shares. We remain cautiously optimistic of the company’s performance in the coming year against the backdrop of continuing uncertainty in macro-economic condition, escalating costs and probable supply constraints.”

“Our ability to anticipate and perform with distinct approach will help us to sustain the growth momentum,” he said.

The company’s two wheeler battery capacity and Greenfield filed tubular battery plant are in progress as per the plan. The company enjoys a debt free status and this is seen to help leverage it as and when required.

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