On Monday morning trade, Amara Raja Batteries Ltd shares have slipped 6 per cent after the auto ancillary company reported operational performance in the last quarter of the financial year ( Q4FY22).

The stock was trading close to its 52-week low of Rs 493.70, touched on May 12, 2022. In April 2022, it has corrected 12 per cent, compared to a 4 per cent decline in the S&P BSE Sensex. At 01:19 PM, the stock was down 5 per cent, against a 0.73 per cent rise in the benchmark index.

• Nepal Signs 7 MoUs with India for Projects 
• Trump to Hit Patented Drugs with a 100% Tariff 
• Government Looking to Talk with Airlines Amid Fuel Surcharge 
• Bank of Baroda Shares Slip Despite Q4 Global Advances Jumping 16.23%
• Pharma Stocks to be in Focus on Monday as Trump Tariff Reports Rattle Drug Sector

In the March quarter, the company’s earnings before interest, taxes, depreciation, and amortization (Ebitda) declined by 31 per cent YoY to Rs 220 crore due to lower-than-expected revenue and delay in passing on commodity inflation.

Revenue grew 3.7 per cent YoY at Rs 2,181 crore from Rs 2,103 crore in the year-ago quarter. Almost, Profit after tax (PAT) was down 49 per cent YoY at Rs 132 crore against Rs 259 crore in Q4FY21.

However, the management expects the volume to be increased in auto replacement to be double-digit and industrial segments such as Telecom/UPS to see 7-8 per cent growth.