Amara Raja Batteries share price: Hold Amara Raja Batteries, target price Rs 775: Emkay

Emkay Global Financial Services has a hold call on Amara Raja Batteries Ltd. with a target price of Rs 775. The current price of Amara Raja Batteries is Rs 618.5.

Amara Raja Batteries Ltd., incorporated in the year 1985, is a Mid-Cap company (with a market cap of Rs 10589.52 Crore) operating in Auto Ancillaries sector.

Amara Raja Batteries Ltd. key Products/Revenue Segments include Batteries (Storage), UPS/Uninterruptible Power Supply Systems, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2021.



Financials


For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 2290.59 Crore, up 20.38 per cent from last quarter Total Income of Rs 1902.79 Crore and up 17.66 per cent from last year same quarter Total Income of Rs 1946.80 Crore. Company has reported net profit after tax of Rs 144.32 Crore in latest quarter.


Promoter/FII Holdings


Promoters held 28.06 per cent stake in the company as of 30-Sep-2021, while FIIs owned 20.82 per cent, DIIs 14.51 per cent.

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