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Amara Raja Energy Mobility Ltd — Q4FY26 Earnings Call Summary
Key Takeaways
- FY27 capex INR 1,500-1,700 Cr; INR 400 Cr Lead Acid, INR 1,100-1,200 Cr New Energy
- Cell manufacturing cost gap vs imports ~15-20%; ROCE expected low double-digit at 8-10 GWh scale
- FY26 consolidated revenue INR 13,814 Cr, +7.5% y-y; EBITDA margin 10.8% consolidated, 12.2% Lead Acid
- FY27 Lead Acid growth mid- to high single digits; margin target 13-14% over time
- Q4 FY26 consolidated revenue INR 3,530 Cr, +15% y-y; Lead Acid 92%, New Energy INR 280 Cr
- Localization and government policy expected to support New Energy and BESS growth
- Lead Acid demand to persist with hybrids and ICE vehicles; flexible strategy for transition
- Lead Acid OEM 4W volumes +30%, aftermarket +5-6%, tubular battery volumes +35%
- New Energy: 300 MWh telecom packs supplied; Giga 1 cell line commissioning June 2027
- New Energy BESS plant margins 6-7% initially, potential upside with scale
📄 Source: View original transcript (PDF)
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Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.