Energy storage solutions provider Amara Raja Energy and Mobility reported consolidated revenue from operations of ₹35.36 billion (~$371.19 million) in the fourth quarter (Q4) of the financial year 2026, up 15.5% year-over-year (YoY) from ₹30.60 billion (~$321.23 million).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹3.86 billion (~$40.52 million), up 13.1% YoY from ₹3.41 billion (~$35.80 million). EBITDA margin narrowed to 10.9% from 11.1%.

The company’s consolidated net profit rose 94.5% YoY to ₹3.14 billion (~$32.96 million) from ₹1.62 billion (~$17.01 million).

Diluted earnings per share increased to ₹17.17 (~$0.18) from ₹8.83 (~$0.09).

The lead acid battery business accounted for ₹32.55 billion (~$341.70 million), or 92% of consolidated revenue, during the quarter.

Other business revenue, primarily from the new energy business, including lithium-ion batteries, stood at ₹2.81 billion (~$29.50 million), accounting for 8% of revenue.

Domestic revenue stood at ₹31.51 billion (~$330.78 million), or 89% of consolidated revenue. Exports contributed ₹3.85 billion (~$40.42 million), or 11%.

FY 2026

For the full financial year 2026, Amara Raja reported consolidated revenue from operations of ₹138.14 billion (~$1.45 billion), up 7.5% YoY from ₹128.46 billion (~$1.35 billion).

EBITDA declined 7.4% YoY to ₹14.97 billion (~$157.15 million) from ₹16.17 billion (~$169.75 million). EBITDA margin narrowed to 10.8% from 12.6%.

Net profit for the year fell 5.2% YoY to ₹8.96 billion (~$94.06 million) from ₹9.45 billion (~$99.20 million).

Diluted earnings per share declined to ₹48.95 (~$0.51) from ₹51.62 (~$0.54).

The company said volatility in raw material prices impacted margins in the lead acid battery business. The lead acid business EBITDA margin for FY 2026 stood at around 12.2%, including efficiencies from captive recycling operations.

The new energy business recorded a 60% increase in revenue over the previous year.

The company said four-wheeler OEM volumes continued to register double-digit growth. Inverter battery sales also grew during the quarter, with most sales coming from in-house manufacturing. Domestic aftermarket volumes registered stable growth.

In the telecom segment, lead acid battery volumes continued to decline as lithium solutions gained share. Cumulative supply of telecom packs crossed 1 GWh during Q4, while quarterly telecom supply exceeded 300 MWh, the company’s highest so far.

Amara Raja infused ₹15 billion (~$157.46 million) into Amara Raja Advanced Cell Technologies by March 2026. The company said its customer qualification plant is under commissioning, with full-scale operations expected in Q2 FY 2027.

The company said the first 2 GWh phase of its cell manufacturing facility remains on track for June 2027. Its battery energy storage systems plant is targeted to be operational by Q4 FY 2027.

Amara Raja posted a revenue of ₹34.1 billion (~$376.14 million) in Q3 FY26, a 4.21% YoY increase from ₹32.72 billion (~$360.95 million).