Amara Raja Batteries’ net dips by 9 per cent

NEW DELHI: Amara Raja Batteries reported 9.17 per cent dip in its net profit at Rs 99 crore for the fourth quarter ended March 31.The company had posted a net profit of Rs 109 crore in the same period of previous fiscal. Gross sales of the company, however rose to Rs 1,512 crore for the fourth quarter as against Rs 1,286 crore for the same period of previous year, Amara Raja Batteries said in a statement. For the year ended March 31, the company posted a profit after tax of Rs 478 crore as against Rs 492 crore in the 2015 -16 fiscal.