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$ATBA Atlas Battery Limited (ATBA): Corporate analyst briefing takeaways – By JS Research

JS Global Capital
$ATBA Atlas Battery Limited
Rs. 206.04 -1.48%
  • The company reported a topline of around Rs35bn in FY25, reflecting a 15% YoY decline. The drop is primarily led by a 10% decrease in Atlas Maintenance-Free Battery (AMB) sales volume in the replacement market and a consumer shift from heavy to medium-sized batteries, which carry lower realizations.
  • Accordingly, the management highlighted that the shift in sales mix from heavy to medium-sized batteries has also impacted margins, as gross margins declined 3ppt YoY to 11% in FY25. Going forward, margins are expected to remain under pressure unless heavy battery demand improves.