Amara Raja - In-Line, Maintain Buy Investment Thesis

Amara Raja: Impg Profitability, Formidable Position in Storage Batteries, Healthy BS Risk Reward Fav

Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

Amara Raja Energy & Mobility / Equity Bottom-Up

Risk-reward favourable, improving profitability profile, formidable position in Indian storage batteries, debt-free BS &amp; strong mgt. pedigreeQ3-FY18 Performance Summary –<ol>
<li>Topline came in at Rs. 15.5bn in q3-FY18, 17% YoY growth – led by healthy growth in volume across auto OEM and auto after market segments. Industrial segment too witnessed healthy traction in the UPS segment as well as significant improvement in telecom battery business. On sequential basis, topline grew at 9% in q3-FY18.</li>
<li>EBITDA…</li>
</ol>

Risk-reward favourable, improving profitability profile, formidable position in Indian storage batteries, debt-free BS &amp; strong mgt. pedigreeQ3-FY18 Performance Summary –
Topline came in at Rs. 15.5bn in q3-FY18, 17% YoY growth – led by healthy growth in volume across auto OEM and auto after market segments. Industrial segment too witnessed healthy traction in the UPS segment as well as significant improvement in telecom battery business. On sequential basis, topline grew at 9% in q3-FY18.
EBITDA…


Amara Raja: In-Line Q3-Fy18 Results. Maintain Investment Thesis