• Net Revenue is Rs.2597 Million and PAT Rs.206 Million 

• Records Sequential growth in - topline and bottomline

Seoul, South Korea , October 23, 2007: - Industrial and Automotive Battery major Amara Raja Batteries Limited (BSE Code: 500008 & NSE Symbol: AMARAJABAT) has recorded revenues of Rs.2597 million (Net Sales: Rs.2562 million + other income: Rs.35 million), PBT of Rs.315 million and PAT of Rs.206 million for the second quarter of FY 2007-08. For the quarter ended Sep 07 the topline has grown by 92% while PAT rose 62% as compared to the corresponding quarter of last year.

Announcing the results, Mr. Jayadev Galla, Managing Director remarked the growth has been fed by good demand from the Telecom, UPS and after marketing segments. " We have shown consistent growth over last 10 quarters with equal contributions from both Industrial and Automotive divisions. Our expansions plans announced during the last one year are progressing as per schedule and will help to sustain this pace of growth, " he said.

"Our performance on profitability demonstrates the resilience of our business model. Improved realization and superior management of key operating parameters has helped us to partially mitigate the adverse impact on account of steep increase in lead. While we continue to watch the lead price scenario very closely, we will work to reduce the impact on our margins as much as is possible," he added.

"The financial position of the company continues to be comfortable. The Stock split from Rs.10 to Rs.2 announced during June has taken effect from 26th September 07," observed Mr.K.Suresh, Financial Controller .

For the Full year period ending March 2007, ARBL has recorded 67% growth in revenues at Rs.7.4 billion (Rs.4.5 billion in FY 2005-06). The PBT shot up by 91% to Rs.712 million and PAT 97% to Rs.407.4 million during the same period.

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