Hyundai Motor India (HMIL)  will equip its domestic product line-up with AMARON's Made-in-India AGM (Absorbent Glass Mat) battery technology. It will be used as an SLI (Starting, Lighting and Ignition) battery and will be procured under HMIL's existing procurement agreement with Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the energy and mobility space. HMIL aims to equip its models with the indigenously manufactured AGM batteries in Q4 of FY 2024-2025, making it the first auto OEM in India to use localized AGM technology. The move is in-line with HMIL's dedicated efforts towards localization and introducing locally sourced innovative technologies for Indian customers. The Made-in-India AMARON AGM batteries have successfully outperformed conventional CMF (Complete Maintenance Free) batteries by about 150% in rigorous real-world durability tests. With a wider operational temperature and longer life span, AGM batteries are an apt fit for dynamic Indian driving conditions. Powered by Capital Market - Live

Net profit of Amara Raja Energy & Mobility rose 4.10% to Rs 235.61 crore in the quarter ended September 2024 as against Rs 226.32 crore during the previous quarter ended September 2023. Sales rose 9.85% to Rs 3250.73 crore in the quarter ended September 2024 as against Rs 2959.34 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3250.732959.34 10 OPM %13.3113.60 - PBDT444.54425.50 4 PBT317.07309.80 2 NP235.61226.32 4 Powered by Capital Market - Live

Amara Raja Energy & Mobility announced that the Board of Directors of the Company at its meeting held on 4 November 2024, inter alia, have recommended the interim dividend of Rs 5.3 per equity Share (i.e. 530%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Amara Raja Energy & Mobility will hold a meeting of the Board of Directors of the Company on 4 November 2024.Powered by Capital Market - Live

Revenue from operations stood at Rs 3131.19 crore during the quarter, up 13.01% year on year, mainly driven by YoY healthy volumes registered in the automotive after-market, OEMs, and export markets. Profit before tax for the quarter was at Rs 328.66 crore, registering a growth of 23.45% from Rs 266.24 crore reported in the same period a year ago. Harshavardhana Gourineni, executive director, Automotive & Industrial Batteries said, 'Our revenue and profit numbers are a testament to our sustained growth story. In the last quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM batteries. We are betting big on growing this space in the coming months.' Jayadev Galla, chairman & managing director of ARE&M said, 'We have witnessed significant growth in revenue and profits quarter on quarter, which is a direct testament of our customer's trust in our product's quality and reliability. The rapid movement in the Li-ion initiatives and the ongoing new additions to our advanced lead acid battery portfolio promise a very strong future.' Vikramadithya Gourineni, executive director, New Energy Business, stated, 'We have seen healthy growth from our chargers and battery packs business and have successfully forged partnerships with GIB and Highstar for our cell technology and commercialisation. We have also begun to successfully forge customer alliances, which gives us confidence on the steps we have taken so far. The construction of the first phase of our cell manufacturing and advanced energy research and innovation centre is proceeding in a phase-wise manner.' Amara Raja Energy & Mobility (formerly known as Amara Raja Batteries) is an Energy and Mobility enterprise and one of the largest manufacturers of energy storage products for both industrial and automotive applications in the Indian battery industry. The company's industrial battery brands comprise PowerStack, AmaronVolt and Quanta. The company is a leading manufacturer of automotive batteries under the brands Amaron and PowerzoneTM, which are distributed through a large pan-India sale & service retail network. Shares of Amara Raja Energy & Mobility rose 0.63% to settle at Rs 1,611.40 on Friday, 2 August 2024. Powered by Capital Market - Live