Amara Raja Energy & Mobility Ltd

During the Q1 FY27 earnings conference call held on August 11, 2026, management reported a consolidated revenue growth of approximately 24%, reaching INR 4,215 crores, with the lead acid business contributing 95% of this revenue. The new energy segment saw a significant growth of over 70%, driven by demand for telecom and 3-wheeler battery packs. Management noted that while aftermarket volumes for four-wheelers and two-wheelers grew by 15% and over 35% respectively, international automotive revenue declined by 20% due to reduced shipments to the Middle East. The company faced margin pressures from elevated material costs and increased spending on brand promotions, leading to a consolidated EBITDA margin of 9.6%. Management outlined a capex plan of INR 1,700 crores for FY27, primarily focused on new energy projects. Additionally, the Andhra Pradesh Pollution Control Board lifted a closure order against the company, allowing for operational continuity.

Management highlighted strong revenue growth but also acknowledged challenges related to margins and costs.