Amara Raja Batteries Q3 profit rises on demand from automakers, telecoms

BENGALURU: Amara Raja Batteries Ltd reported a 53% jump in third-quarter profit on Wednesday, driven by strong demand from automakers and telecom companies that were rolling out 5G services in India.

The lead-acid battery maker’s consolidated net profit after tax rose to 2.22 billion rupees ($27.23 million) in the quarter ended Dec. 31 from 1.45 billion rupees a year earlier.