Key Points
BENGALURU, Oct 31 (Reuters) - India's Amara Raja Energy & Mobility (AMAR.NS) on Tuesday reported a jump in second-quarter profit, as improved demand for its products helped offset higher expenses...
The Amaron battery maker's consolidated net profit after tax came in at 2.26 billion rupees ($27.2 million), up nearly 13% from a year ago...
Improved rainfall in September led to a recovery in rural demand, particularly for two-wheelers, analysts said, leading to increased battery sales for Amara Raja...
The segment also includes its industrial business, which benefitted from expansion of India's 5G network, as Amara Raja also catering to telecom equipment manufacturers...
The company plans to expand into the two-wheeler electric vehicle (EV) market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year, a top executive told Reuters in August...
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