Amara Raja Energy & Mobility (500008) Q4 25/26 earnings summary

Executive summary

• Consolidated Q4 FY26 revenue reached INR 3,530 crore, up nearly 15% year-over-year, with 92% from lead-acid batteries and the rest from new energy business.

• Four decades of experience with leading positions in automotive and industrial batteries, expanding into new energy and circular economy initiatives.

• Name change in 2023 reflects a broader vision to lead India's energy transition, with a focus on comprehensive energy solutions.

• Export presence in 70+ countries, strong brand recall, and significant investments in new energy and recycling.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with auditors issuing unmodified opinions.

Financial highlights

• FY26 consolidated revenue grew 7.5% year-over-year to INR 13,814 crore; Q4 FY26 revenue up 15.5% year-over-year to INR 35,357 Mn.

• FY26 EBITDA at INR 14,971 Mn (10.8% margin), Q4 FY26 EBITDA at INR 3,855 Mn (10.9% margin); lead-acid battery business margin at 12.2%.

• FY26 PAT at INR 8,958 Mn (6.5% margin), Q4 FY26 PAT at INR 3,143 Mn (8.9% margin), up 94.5% year-over-year.

• Earnings per share (EPS) for FY 2025-26 stood at ₹53.02 (standalone) and ₹48.95 (consolidated).

• Exceptional income in FY26 from insurance claim for a fire incident, offset by one-time gratuity cost.

Outlook and guidance

• Expect mid to high single-digit growth in domestic automotive and industrial segments for FY27.

• Price increases of 2%-3% may be needed to offset raw material cost inflation.

• CapEx planned at INR 1,500-1,700 crore for FY27, with INR 400 crore for lead-acid and INR 1,100-1,200 crore for new energy.

• Lead-acid battery market in India projected to reach USD 6.2 Bn by FY31 (CAGR ~4.2%); global market to USD 64.2 Bn (CAGR 4.4%).

• New energy business to scale up with 16 GWh cell capacity and 5 GWh pack assembly by FY30.