Amara Raja Batteries (ARB) has announced a year-on-year rise of more than 33 per cent in net profit for the year ended 31 March 2013, irrespective of supply restraints and slowdown in the automobile industry.

ARB, which produces lead acid batteries for automotive as well as industrial applications, said its net profit increased 33.28 per cent to Rs 286.70 crore, while net sales grew 25.24 per cent to Rs 2961.40 crore in the FY2012-13, over the FY2011-12.

The battery maker said both of its industrial and automotive battery divisions gained market shares and reported double digit revenue growth.

Commenting on the results, ARB Chairman & Managing Director Mr. Jayadev Galla said, "We are pleased to report yet another highest ever sales and profit for the company for FY 2013, regardless of supply constraints and slowdown in the automobile industry."

The company also claimed that the net profit would have been bigger if it hadn't to face additional depreciation of Rs 5.15 crore because of revision in certain assets' useful life and provision of Rs 7.55 crore towards impairment in assets' value.

Mr. Galla, however, added that the company remained cautiously optimistic about its performance in the current year. The caution was mainly due to soaring costs, possible supply constraints and continuing uncertainty in macro-economic condition.

The company's board of directors has recommended dividend of Rs 2.52 per share for FY2013.