Changes for page Amara Raja Batteries Ltd

Last modified by Asif Farooqui on 2021/03/15 16:58

From version < 4.2 >

edited by Asif Farooqui
on 2020/10/12 15:06

To version < 5.1 >

edited by Asif Farooqui
on 2020/10/14 08:22

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  The Company’s financial position has shown immense improvement over the years. The net worth as at March 31, 2020 improved to Rs 3,655.61 crores with the net addition of H320.29 to other equity during the year. There is no interest bearing debt as of March 31, 2020. The surplus cash at the year end stood at Rs 32.60 crores. CRISIL had re-affirmed the ratings on the Company’s loan-term bank loan facilities at ‘CRISIL AA+/Stable’ and on the short-term bank facilities at ‘CRISIL A1+.’
--=== Automotive battery business ===
++== Automotive battery business ==
  The headwinds encountered by the automotive sector during second half of financial year 2018-19 continued through entire financial year 2019-20. Both four wheeler (4W) and two wheeler (2W) vehicle production experienced negative growth during 2019-20. This resulted in OEM business in both the application categories, declining in line with new vehicle production, though the share in respective OEMs was maintained.
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  The expansion of manufacturing capacity in both 4W and 2W battery product lines is on track though there are some delays in the completion of installations due to Covid-19 pandemic. However, the company is confident that the capacities will be available to meet the market demand.
--=== Industrial battery business ===
++== Industrial battery business ==
  The Industrial Battery Business has improved its performance in financial year 2019-20 compared to previous year despite the year end sales getting impacted due to COVID19 pandemic. The volumes grew in all segments of the business barring telecom segment.