Amara Raja Energy & Mobility FY2026 Revenue Grows on Strong Automotive and New Energy Demand

Amara Raja Energy & Mobility Limited reported strong financial performance for the financial year ended March 31, 2026, supported by growth across its automotive, home energy, and new energy operations. The company announced a final dividend of ₹5.2 per share while maintaining momentum in its battery and energy storage businesses. The company’s expanding focus on lithium solutions, cell manufacturing, and infrastructure development continued to strengthen its long-term position in the rapidly evolving energy storage market in India. The overall performance reflected steady demand from both OEM customers and the aftermarket segment.

The Hyderabad-based company recorded revenue from operations of ₹13,549 crore during FY26 compared with ₹12,405 crore in FY25. This represented an increase of ₹1,144 crore year-on-year. Profit before tax for FY26 stood at ₹1,307 crore, marginally higher than the ₹1,299 crore reported in the previous financial year. Earnings per share for the year came in at ₹53.02. The company stated that its diversified business portfolio, along with stable demand across automotive and industrial applications, supported the overall yearly financial performance despite pressure from raw material volatility.

Amara Raja Energy & Mobility FY2026 Financial Performance

The company delivered improved quarterly and yearly financial performance during FY26 with notable growth in revenue and profitability. Sequential and annual gains were supported by demand across multiple business verticals including automotive batteries, home energy solutions, and emerging new energy operations.

During the fourth quarter of FY26, the company posted revenue of ₹3,460 crore compared with ₹2,974 crore in the same period last year. Quarterly profit before tax increased sharply to ₹433 crore from ₹224 crore in Q4 FY25. Compared with the previous quarter ended December 2025, revenue increased from ₹3,351 crore while profit before tax more than doubled from ₹207 crore. The strong quarterly improvement highlighted the company’s ability to maintain operational momentum across key business segments despite ongoing fluctuations in commodity prices and supply conditions.

Automotive and New Energy Businesses Drive Growth

The company stated that raw material price volatility affected margins in its lead-acid battery business during FY26. However, strong growth in newer business areas helped offset some of the pressure. The new energy business recorded approximately 60% revenue growth over the previous year, reflecting rising market demand for advanced energy storage and lithium-based technologies. The company also continued to benefit from healthy automotive demand, particularly from OEM customers and replacement battery markets.

Executive Director – Automotive and Industrial, Harshavardhana Gourineni said the automotive business delivered strong performance during FY26 with OEM growth exceeding 20% alongside steady aftermarket demand. He added that the home energy business also achieved robust growth during the year. According to the company, lithium solutions for the telecom sector continued expanding steadily, contributing to the broader diversification strategy across industrial and energy storage applications.

Battery Manufacturing Expansion and Giga Corridor Development

Executive Director – New Energy Business, Vikramadithya Gourineni said the company’s Giga Corridor infrastructure, including the R&D centre and qualification plant, is currently under commissioning and expected to become operational within the next month. The infrastructure expansion forms a key part of the company’s long-term strategy to strengthen domestic battery manufacturing capabilities and support future electrification requirements in India. The company stated that it remains on track to begin its first 2 GWh cell manufacturing operations by June 2027.

Chairman and Managing Director Jayadev Galla said the company’s stable financial performance was supported by its leadership position in the lead-acid battery segment along with growing momentum in its new energy operations. He added that diversification into new battery chemistries and advanced products is expected to support future growth opportunities within the energy storage industry. The company continues focusing on expanding manufacturing infrastructure, strengthening technology capabilities, and supporting evolving mobility and energy storage requirements across domestic and industrial markets.

Frequently Asked Questions

What drove Amara Raja Energy & Mobility’s revenue growth in FY2026?
Amara Raja Energy & Mobility’s FY2026 revenue growth was mainly driven by strong performance across its automotive, home energy, and new energy businesses. The company benefited from OEM growth exceeding 20%, stable aftermarket battery demand, and strong expansion in lithium-based energy solutions. Its new energy segment recorded nearly 60% revenue growth compared with the previous year. Continued investments in battery manufacturing infrastructure and diversified business operations also supported the company’s financial performance during the financial year ended March 2026.

What is the status of Amara Raja’s battery manufacturing expansion project?
The company stated that its Giga Corridor infrastructure, including the R&D centre and qualification plant, is currently under commissioning and expected to become operational soon. According to the management, the project remains on schedule for starting its first 2 GWh cell manufacturing operations by June 2027. The expansion supports the company’s strategy to strengthen domestic battery production capabilities in India while supporting future electrification and advanced energy storage requirements across automotive and industrial sectors.