Amara Raja Energy & Mobility reported revenue of INR 13,549 crore for FY26, up 9% from INR 12,405 crore in FY25. Profit before tax (PBT) for the fiscal year stood at INR 1,307 crore.
For the fourth quarter of FY26, the company posted revenue of INR 3,460 crore, 16% up YoY, and PBT of INR 433 crore.
The company said its performance during FY26 remained resilient despite a dynamic external environment. While volatility in raw material prices impacted margins in the lead-acid battery business, the company continued to strengthen its growth trajectory, led by the rapid scale-up of its new energy business, which recorded an impressive 60% increase in revenue over the previous year.
“In FY26, our automotive business delivered strong performance, led by OEM growth of over 20% and supported by steady momentum in the aftermarket. Our home energy business posted especially strong growth, while lithium solutions for the telecom segment continued their steady expansion,” said Harshavardhana Gourineni, executive director – automotive and industrial. “Although geopolitical developments in key Middle East markets created certain challenges, we continued to demonstrate resilience and adaptability. As a leader in the low-voltage battery segment, we remain focused on strengthening our market position through innovation, new product introductions, and enhanced customer offerings.”
Vikramadithya Gourineni, executive director – New Energy Business, said the company’s Giga Corridor infrastructure is progressing well. “Both the R&D centre and qualification plant are under commissioning and will be operational in the next month, marking our first significant milestone for Amara Raja’s Made In India cells. This will substantially accelerate our research and engineering efforts as we begin supplying commercial samples to customers in advance of our first gigafactory,” he said.
Amara Raja is also constructing a battery energy storage systems (BESS) plant, which is targeted to be operational by Q4. The first 2 GWh of cell manufacturing remains on track for June 2027.
Jayadev Galla, chairman and managing director, said the company’s performance over the past year was underpinned by its leadership in the lead-acid battery business and the growing momentum of its new energy initiatives. “Despite evolving geopolitical dynamics and rapid technological shifts, our focus on strategic diversification into new products and chemistries has positioned us strongly for the future. Energy storage is fundamental to India’s growth journey, and we are steadily strengthening our capabilities to emerge as the country’s leading cell-to-grid player,” said Galla.
Amara Raja Energy & Mobility Ltd’s portfolio includes energy storage solutions, Lithium-ion cell manufacturing, wide range of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries, among others. ARE&M is also one of the largest manufacturers of energy storage products for both industrial and automotive applications in India.
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