Amara Raja Energy Mobility Ltd — Q1FY27 earnings call summary

Filed 14 August 2026 · Official transcript

BESS plant capex INR 250-300 Cr, 10 GWh capacity; operating margin expected 5-8%
Lead acid volume growth guidance mid to high single digits; new energy business growing rapidly
FY27 capex estimated at INR 1,700 Cr, mostly for new energy business; Giga 1 plant on track for H1 FY28
Q1 FY27 consolidated revenue grew 24% to INR 4,215 Cr; lead acid up 22%, new energy up 70%
EBITDA margin: standalone 10.1%, consolidated 9.6%; margin impacted by material costs and strategic investments
Lithium-ion cell tech evolving moderately; R&D spend INR 100-150 Cr planned in FY27
Export volumes down 20% due to Middle East freight issues; recovery expected
Tubular plant at 100% capacity; trading revenue 15% of lead acid revenue