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 News

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 News

Net profit of Amara Raja Energy & Mobility rose 25.62% to Rs 249.12 crore in the quarter ended June 2024 as against Rs 198.31 crore during the previous quarter ended June 2023. Sales rose 16.69% to Rs 3263.05 crore in the quarter ended June 2024 as against Rs 2796.27 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3263.052796.27 17 OPM %13.4013.14 - PBDT457.31383.25 19 PBT334.71266.06 26 NP249.12198.31 26 Powered by Capital Market - Live News

Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M) will be signing a Memorandum of Understanding (MoU) with Ather Energy. As part of this agreement, Amara Raja will collaborate with Ather to develop and supply NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) Lithium-Ion (Liion) and other advanced chemistry cells, produced locally at their upcoming Gigafactory in Divitipally, Telangana. Amara Raja recently entered into an agreement with Gotion-InoBat-Batteries (GIB) that will facilitate it to localise current global LFP technology for making Lithium-Ion cells specifically suited for Indian conditions. The company also has an agreement with Jiangsu Highstar Battery Manufacturing Co. for NMC technology. With India focused on clean and green energy, the automotive industry is witnessing a big transition towards electric vehicles (EVs), particularly in the two-wheeler segment. Industry projections point towards EV 2W penetration to reach 40% by 2030. Both Amara Raja and Ather have chartered out ambitious plans to tap into this growing market potential. Ather Energy has two manufacturing facilities in Hosur, Tamil Nadu, with one dedicated to battery production and the other to vehicle assembly. Ather also has recently announced the setting up of another plant in Maharashtra. Powered by Capital Market - Live News

Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co. As part of the agreement GIB EnergyX will license Gotion`s world class LFP technology for lithium-ion cells to ARACT. This comprehensive agreement enables Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors. The scope of licensing provides access to cell technology IP, support in establishing Gigafactory facilities conforming to latest generation process technologies, integration with Gotion`s global supply chain network for critical battery materials, and customer technical support for solution deployment. The technology transfer and service support will fully complement Amara Raja`s efforts to operationalize its Gigafactory manufacturing capacities and its advanced research and innovation centre, `e+ Energy Labs`, that aims to lead India`s R&D capabilities in this field. Last year, Amara Raja announced an investment outlay of Rs 9,500 crores to establish the Amara Raja Giga Corridor in the state of Telangana. The company aims to keep their products competitive and contemporary through access to continuous improvements in cell performance and process efficiencies through the partnership period. Amara Raja and Gotion are both shareholders and board members of InoBat, an emerging lithium battery technology company in Slovakia, tackling advanced applications such as electric aviation and developing a robust `Cradle to Cradle` ecosystem of battery value chain. GIB, a joint venture between Gotion High-tech and InoBat, has recently signed an investment agreement with the Government of Slovakia for the development of the first LFP battery Gigafactory in the country. Gotion High-Tech has 8 global R&D centers, 8,000 patented technologies covering the battery industry value chain, 20 major manufacturing locations around the world, and a capacity layout expected to reach 300GWh by 2025.Powered by Capital Market - Live News