Amara Raja Energy & Mobility Q2 FY27: revenue up 18.5% to ₹4,109 Cr, net profit down 44.9% to ₹153 Cr
Results · Finvezto · 3 Nov 2026 · Amara Raja Energy & Mobility (ARE&M)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 4,109 | - | +18.5% |
| Operating profit | 362 | - | -3.4% |
| Net profit | 153 | - | -44.9% |
| Operating margin | 8.8% | - | -2.0 pp |
| Net margin | 3.7% | - | -4.3 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Consolidated revenue reached INR 4,108 crores in Q2 FY27, driven by 18% growth in the lead-acid business and over 30% growth in the new energy business to INR 232 crores. Earnings call
- Four-wheeler OEM volumes grew 17% and two-wheeler grew over 30% year-on-year, while domestic aftermarket volumes increased by 6% in both categories. Earnings call
- International lead-acid volumes declined by approximately 20% year-on-year due to volume drops in Middle East markets and elevated logistics costs. Earnings call
What to watch
- Management on capex outlay fy27: On the capex outlay during FY27, we estimate to spend around INR2,200 crores towards various capex projects, with major capex outlay in our new energy business, which is expected to be around INR1,600 crores.
- Management on bess capacity utilization: If I were to project the demand, our expectation at this point of time is we may be able to use the entire 5 GWh capacity fully by FY29.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.