Amara Raja Energy & Mobility (500008) investor relations material

Executive summary

• Consolidated revenue grew 24% year-over-year to INR 4,215 crores, with 95% from lead-acid business and over 70% growth in new energy business revenue.

• Four decades of experience with strong brand recall and market leadership in automotive and industrial batteries, expanding into new energy solutions and global markets.

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

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved by the Board on August 10, 2026.

• Forayed into the New Energy business in 2022, with significant capex for Giga Corridor and advanced cell technologies.

Financial highlights

• Q1 FY27 consolidated revenue rose 23.9% year-over-year to INR 42,145 Mn; EBITDA up 11.7% to INR 4,059 Mn; PAT up 15.8% to INR 1,909 Mn.

• Standalone EBITDA margin at 10.1%, consolidated margin at 9.6%, impacted by higher material costs and increased brand promotion and strategic investments.

• Margins diluted by 0.9% due to strategic initiatives and higher raw material costs, partially offset by a 3% price increase in June.

• Q1 CapEx spend was INR 450 crores, mainly for new energy business; full-year CapEx planned at INR 1,700 crores.

• Exceptional income in FY26 and Q4 FY26 relates to insurance claims on the tubular plant.

Outlook and guidance

• New Energy business to scale with 16 GWh cell capacity by FY30 and 10 GWh BESS Giga facility under construction.

• Further price increases of 2%-3% to be rolled out to absorb rising material costs.

• Lead-acid battery business expected to achieve 9%-10% revenue growth in the medium term, with volume growth in two-wheelers at low double digits and four-wheelers at 7%-8%.

• BESS plant expected to ramp up to 5 GWh utilization within six months of commissioning, with strong domestic order visibility.

• Customer Qualification Plant commissioned in July 2026; E+ve plant commercialization expected in Q2 FY27.