Revenue from operations rose to Rs 3,263.05 crore from Rs 2,796.27 crore in the year-ago quarter.
Revenue growth was aided by year-on-year healthy volumes registered in the automotive after-market, OEMs (original equipment manufacturers), and export markets, the company said in a statement.
“In the quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM (Absorbed Glass Mat) batteries. We are betting big on growing this space in the coming months,” Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said.
The company will continue to build its product range, cater to newer segments, and strengthen its global presence, he added. ARE&M is into energy storage solutions, lithium-ion cell manufacturing, EV chargers, automotive and industrial lubricants, among others.
