India’s Amara Raja Batteries Q4 profit jumps on strong auto, 5G demand

BENGALURU: India’s Amara Raja Batteries Ltd reported a 41% jump in fourth-quarter profit on Tuesday, powered by strong demand from auto makers and accelerated 5G rollouts in the telecoms space.

Consolidated net profit after tax rose to 1.39 billion rupees ($17.00 million) in the quarter, compared with 988.5 million rupees a year ago, the Tirupati, Andhra Pradesh-based company said in an exchange filing.

Amara Raja, which caters to automotive and industrial demand for power storage, manufactures lead-acid batteries, with Maruti Suzuki, Tata Motors and Bajaj Auto among its clients.