Amara Raja Batteries stock is charged up as Q2 Ebitda beats estimates
Going ahead, Amara Batteries’ margin growth has levers such as improving volumes and moderation in lead prices
Battery manufacturer Amara Raja Batteries Ltd’s shares jumped by nearly 11% in Friday’s morning trade on the NSE thanks to better-than-expected September quarter (Q2FY23) results. Ebitda (earnings before interest, tax, depreciation and amortization) rose by as much as 34% year-on-year (y-o-y) to ₹360 crore. This was 21% above Emkay Global Financial Services estimates.
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