Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Thursday, October 26, 2006

Amara Raja - Raja Of Returns

Recommended at Rs. 193.00 on this Blog, Today's closing Rs. 441.20

Amara Raja Clocks 175% Growth In FY05-06 Earnings

Amara Raja Batteries witnessed a growth of 66% in its net gross revenues for the year 2005-06. The company generated revenues of Rs 4458.29 million in the year 2005-06.

It earned a net profit of Rs 238.46 million in the year 2005-06, a growth of 175% over the corresponding fiscal`s profit of Rs 86.90 million. Robust growth in top line, increased operational efficiency and cost control measures have helped the company post healthy margins. Operating margins improved to 9.26% in FY2005-06, from 5.26% in FY 2004-05.

Both, industrial and automotive batteries have registered impressive growth during the year. The automotive battery segment grew 70% over the previous year. The growth was fueled by high growth in OE, after market businesses and private label businesses. It`s exports volumes surged 83% on YOY basis. Aggressive marketing initiatives and increased market penetration ensured this growth.

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