Amara Raja Batteries Limited - First Cut
Rajesh Desai
Dear Sir/Madam,
Amara Raja Batteries Limited announced its Q2FY14 results on 14th November 2013. The company’s Net sales increased by 12.30%on YoY basis but declined by 9.69% on QoQ basis. EBITDA increased by 20.38% on YoY basis. EBITDA Margin of the company increased from 16.41% to 17.59% on YoY basis. PAT increased by 34.94%on YoY basis but declined by 3.29% on QoQ basis
Particulars |
Consensus Est |
Actual |
Var (%) |
|
Revenues |
876 |
807 |
-7.9% |
|
PAT |
87 |
95 |
8.3% |
|
Amara Raja Batteries - Quarterly -Y-O-Y(%) - Standalone - [INR-Crore] |
Half Yearly | |||||||
|
DESCRIPTION |
Q2FY14 |
Q2FY13 |
Q1FY14 |
YOY |
QOQ |
H2 FY14 |
H2 FY13 |
% change |
|
Revenues |
807 |
719 |
894 |
12.30% |
-9.69% |
1,701 |
1,417 |
20.06% |
|
Total Expenditure |
665 |
601 |
748 |
10.71% |
-11.12% |
1,413 |
1,179 |
19.9% |
|
EBITDA |
142 |
118 |
145 |
20.38% |
-2.34% |
287 |
237 |
21.09% |
|
EBIDTA Margins |
17.59% |
16.41% |
16.27% |
|
|
16.90% |
16.75% |
|
|
Other Income |
7.4 |
7.0 |
9.7 |
|
|
17 |
13 |
|
|
Operating Profit |
149.4 |
125.0 |
155.1 |
|
|
304 |
250 |
|
|
Interest |
0.1 |
0.7 |
0.0 |
|
|
0 |
1 |
|
|
Exceptional Items |
0.0 |
-9.4 |
0.0 |
|
|
0 |
-9.36 |
|
|
Extraordinary Items |
0.0 |
0.0 |
0.0 |
|
|
0 |
0 |
|
|
PBDT |
149.3 |
115.0 |
155.0 |
|
|
304 |
240 |
|
|
Depreciation |
15.4 |
13.2 |
14.5 |
|
|
30 |
26 |
|
|
PBT |
133.9 |
101.8 |
140.5 |
|
|
274 |
214 |
|
|
Tax |
39.3 |
31.7 |
42.7 |
|
|
82 |
68 |
|
|
Profit After Tax |
95 |
70 |
98 |
34.94% |
-3.29% |
192 |
146 |
31.59% |
|
PAT Margins |
11.72% |
9.75% |
10.94% |
|
|
11.31% |
10.32% |
|
|
| ||||||||
|
Equity Capital |
17.08 |
17.08 |
17.08 |
|
|
17.08 |
17.08 |
|
|
Face Value (In Rs) |
1.00 |
1.00 |
1.00 |
|
|
1.00 |
1.00 |
|
|
No of Shares |
17.08 |
17.08 |
17.08 |
|
|
17.08 |
17.08 |
|
|
|
|
|
| |||||
|
EPS |
5.54 |
4.10 |
5.73 |
34.94% |
-3.29% |
11.26 |
8.56 |
31.6% |
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai