Quarterly & Annual Financial Results

Amara Raja Energy & Mobility reports 16% Q4 revenue growth; Board recommends ₹5.2 final dividend

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Amara Raja Energy & Mobility Limited reported FY26 revenue of ₹13,549 crore and profit before tax of ₹1,307 crore, supported by strong automotive battery demand, rapid growth in the new energy business, and expansion in lithium and energy storage initiatives. The Board recommended a final dividend of ₹5.2 per share.

PRICE-SENSITIVE TRIGGER

Event: Announcement of audited Q4 FY26 and FY26 financial results along with dividend recommendation.

Type: Quarterly & Annual Financial Results

Impact: Positive

Immediate Effect: The company delivered double-digit revenue growth, stable profitability, and strong traction in its new energy vertical while continuing execution of its lithium cell and battery storage expansion roadmap.

Key Metrics:

FY26 Revenue: ₹13,549 crore vs ₹12,405 crore in FY25 (+9.2% YoY)
FY26 Profit Before Tax (PBT): ₹1,307 crore vs ₹1,299 crore in FY25
FY26 EPS: ₹53.02 per share
Q4 FY26 Revenue: ₹3,460 crore vs ₹2,974 crore in Q4 FY25 (+16% YoY)
Q4 FY26 PBT: ₹433 crore vs ₹224 crore in Q4 FY25
New Energy Business Revenue Growth: ~60% YoY in FY26
Final Dividend Recommended: ₹5.2 per share

Highlight:

Label: Q4 Revenue Growth
Value: Q4 FY26 revenue increased 16% YoY to ₹3,460 crore.

What Happened ?

Amara Raja Energy & Mobility Limited announced its audited financial results for Q4 FY26 and FY26, reporting continued growth across its automotive battery and new energy businesses.

The company recorded FY26 revenue of ₹13,549 crore alongside profit before tax of ₹1,307 crore. Quarterly revenue for Q4 FY26 stood at ₹3,460 crore, supported by strong OEM growth, aftermarket demand, and continued expansion in lithium-based energy solutions.

The Board also recommended a final dividend of ₹5.2 per share.

Management highlighted that the company’s new energy business delivered approximately 60% revenue growth during FY26 while major milestones in the lithium cell manufacturing ecosystem continue progressing.

Key Details

Operational & Strategic Business Developments:

Automotive battery business delivered strong performance driven by over 20% OEM growth and sustained aftermarket momentum.
Home energy business reported robust growth despite raw material volatility in the lead-acid segment.
Lithium solutions business for telecom applications continued steady expansion.
The company’s Giga Corridor infrastructure development is progressing as planned.
R&D center and qualification plant are under commissioning and expected to become operational in the coming month.
Commercial cell sample supplies are expected to begin ahead of commissioning of the first gigafactory.
Battery Energy Storage Systems (BESS) manufacturing plant construction is progressing on an accelerated timeline.
The first 2 GWh lithium cell manufacturing capacity remains on track for June 2027 commissioning.
The company continued strategic diversification into next-generation chemistries, EV solutions, and energy storage technologies.

Note:

Amara Raja continues transitioning from a traditional lead-acid battery company toward a broader energy storage and mobility platform with integrated lithium cell manufacturing ambitions.

Risk Analysis

Summary:

The company continues to face raw material volatility, geopolitical uncertainties, and execution risks related to large-scale lithium and energy storage expansion projects.

Key Risks:

Lead-acid battery margins remain exposed to fluctuations in commodity and raw material prices.
Geopolitical developments in Middle East markets could impact export and supply chain conditions.
Lithium cell manufacturing projects involve high capital expenditure and execution complexity.
Commercialization timelines for gigafactory and BESS operations remain critical for future growth.
Technology transitions in the energy storage industry could intensify competitive pressures.
Scaling new energy businesses may temporarily impact return ratios and capital efficiency.

Worst Case Scenario:

Delays in lithium manufacturing execution, weaker EV demand, or prolonged margin pressure in conventional battery operations could affect profitability and return on investments.

Risk Level: Medium

Company Commentary

Executive Director Harshavardhana Gourineni stated that the automotive business delivered strong growth led by OEM momentum and aftermarket expansion.
Management highlighted resilience in operations despite geopolitical developments and raw material volatility.
Executive Director Vikramadithya Gourineni stated that the company’s Giga Corridor infrastructure, R&D center, and qualification plant are progressing well.
The company confirmed that commercial cell samples will be supplied before commissioning of the first gigafactory.
Chairman and Managing Director Jayadev Galla stated that Amara Raja is strengthening capabilities to emerge as India’s leading cell-to-grid energy player.
Management reiterated focus on strategic diversification into new chemistries, energy storage systems, and mobility solutions.

Official Exchange Filing: Amara Raja Energy & Mobility Limited