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Amara Raja Energy & Mobility (500008) investor relations material
Amara Raja Energy & Mobility Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 consolidated revenue reached INR 3,410 crore (INR 34,102 Mn), up 4.2% year-over-year, with 93% from lead-acid and the rest from new energy business; sequentially, revenue declined 1.6%.
New energy business revenue exceeded INR 200 crore for the first time, nearly doubling YoY, driven by telecom pack demand and 80%+ capacity utilization.
EBITDA for Q3 FY26 was INR 3,738 Mn (11.0% margin), down 7.9% YoY; PAT was INR 1,402 Mn (4.1% margin), down 53% YoY, impacted by raw material costs and exceptional expenses.
Domestic automotive four-wheeler OEM volumes grew 25% YoY, aftermarket up 3%, and tubular batteries and HUPS up 10%.
Unaudited standalone and consolidated financial results for Q3 and 9M FY26 were approved and reviewed by the Board and Audit Committee.
Financial highlights
Standalone operating margins were 11.2%; adjusted for lithium telecom trading and lead recycling, margins would be 12.3%.
Consolidated EBITDA margin for Q3 FY26 was 9.7% (EBITDA: ₹330.68 crore, Revenue: ₹3,410.15 crore).
PAT for Q3 FY26 stood at INR 1,402 Mn, down 53% YoY, with a margin of 4.1%.
Gross margin contraction was mainly due to higher raw material costs and initial ramp-up costs for the tubular factory.
Lead recycling plant contributed 0.6% to EBITDA margin.
Outlook and guidance
Price increase of 2% was implemented in January 2026 to offset cost pressures; further increases depend on commodity trends.
Full-year lead-acid CapEx expected to reach INR 750-800 crore; next year to normalize to INR 300-400 crore for lead-acid and INR 1,000 crore for new energy.
Plans to set up a 5GWh Battery Energy Storage Solutions Giga factory with INR 280 crore CapEx, operational by FY27, targeting grid and commercial storage markets.
Giga cell plant targeting 16 GWh capacity by FY30, with phased expansion and operations commencing H1 CY2027.
The group continues to monitor regulatory developments, especially regarding new labour codes.
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