Amara Raja Reports Rs 422 Cr Profit For Q3

Hyderabad: Amara Raja Energy & Mobility Ltd, an Energy and Mobility solutions provider announced 27 per cent year-on-year growth in the profits before tax at Rs 422.16 crore for Q3 of FY25, as against Rs 330.72 crore in the quarter ended on December 31, 2023.

The revenue for the third quarter ended on December 31, 2024 stood at Rs 3,164.02 crore, a rise of 10 per cent y-o-y, compared to Rs 2,881.73 crore in the corresponding period last year. An official press release mentioned that Operating margins for the quarter are adversely impacted due to Fuel and Power Purchase Cost Adjustment (FPPCA) recovery approved by Andhra Pradesh Electricity Regulatory Commission.

The FPPCA charges, which account for fluctuations in fuel and power procurement costs by distribution companies, has resulted in higher electricity expenses, thereby increasing operational costs for the company. Vikramadithya Gourineni, Executive Director, New Energy Business, said: “We are continuing to build out the next phase of our Giga Corridor investments.