Amara Raja Energy & Mobility Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 12 Jun 2026 | Auto Components | Market Cap: ₹17.2K Cr
Lead Acid Battery business expects mid- to high single-digit growth for FY '27. Lead Acid Battery business expects 13-14% EBITDA margins over the next 2-3 years despite cost inflation, driven by throughput improvements and price pass-through.
From Amara Raja Energy & Mobility Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹920
Market Cap
₹17.2K Cr
P/E Ratio
26.8
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Amara Raja Energy & Mobility Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.5K Cr, net profit ₹322 Cr.
Full financials →📊 Revenue & Sales Performance
- →Lead Acid Battery business expects mid- to high single-digit growth for FY '27.
- →OEM segments, both 4-wheeler and 2-wheeler, grew over 30% in Q4; aftermarket grew 5-6%.
- →Industrial segments, excluding telecom, are growing 3-4%; tubular batteries growing above 30%.
- →New energy (lithium pack) business grew about 1.5x year-over-year.
- →Telecom lead acid volumes declining due to lithium transition but overall market share remains around 50%.
- →Lithium pack supply to telecom has crossed 1 gigawatt hour in FY '26.
- →Expansion underway with new ESS integration facility starting by end of current calendar year (5 GWh capacity initially).
- →Giga factory under construction targeting long-term capacity addition (aiming for 16 GWh).
- →Mixed growth with strong OEM growth, emerging ESS opportunities, and steady lead acid demand due to hybrid and ICE vehicle segments coexistence.
📈 Profitability & Margins
- →Lead Acid Battery business expects 13-14% EBITDA margins over the next 2-3 years despite cost inflation, driven by throughput improvements and price pass-through.
- →Mid- to high single-digit growth anticipated in FY '27 for Lead Acid Battery segments including aftermarket and industrial.
- →New Energy business (Li-ion) showing strong growth with plans to scale cell capacity from 2 to 16 GWh; expected to improve returns as capex efficiencies rise and localization progresses.
- →Operating margins at Lead Acid Battery level sustained around ~12% despite raw material cost pressures.
- →Expansion in new energy projects with substantial capex (~INR 1,100-1,200 Cr) expected to drive future revenues but may impact consolidated margins short-term.
- →Long-term growth supported by diversified product mix (lead acid + lithium) and increasing penetration in ESS and EV markets.
- →Earnings growth linked to scaling new capacities, market share gains, and cost management initiatives.
🏗️ Capital Expenditure Plans
- →Upcoming capex for the next year is planned between INR 1,500 to INR 1,700 crores.
- →About INR 400 crores will be spent on the Lead Acid Battery business.
- →The remaining INR 1,100 to INR 1,200 crores will be invested in New Energy business, including:
- → - Research lab establishment.
- → - Customer Qualification Plant.
- →Ongoing accelerated project to construct an ESS (Energy Storage System) integration facility in Divitipally:
- → - Initial capacity of 5 GWh, with an ultimate capacity target of 10 GWh.
- → - Production expected to start at the end of the calendar year.
- →Strategic addition targeted: 16 GWh lithium-ion battery capacity in Telangana.
- →Capex for gigawatt-hour capacity for cell manufacturing is around $55-$60 million per GWh, with recent reductions of 20-25% noted.
- →Focus on localization and domestic value addition, including cell and non-cell components.
- →Investment to support growth in BESS (Battery Energy Storage Systems) and ESS segments.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Amara Raja Energy & Mobility Ltd Q4 FY26 results?
Lead Acid Battery business expects mid- to high single-digit growth for FY '27. Lead Acid Battery business expects 13-14% EBITDA margins over the next 2-3 years despite cost inflation, driven by throughput improvements and price pass-through.
What is Amara Raja Energy & Mobility Ltd share price analysis?
Amara Raja Energy & Mobility Ltd currently shows a neutral. The stock trades at a P/E of 26.8 with a market cap of ₹17,183 Cr. Investors should review the full earnings analysis for detailed insights.
Is Amara Raja Energy & Mobility Ltd planning capital expenditure?
Upcoming capex for the next year is planned between INR 1,500 to INR 1,700 crores.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.