Amara Raja Energy and Mobility has reported revenue from operations of ₹30.60 billion (~$359.3 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 5.2% increase from ₹29.07 billion (~$341.2 million) in Q4 FY 2024.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell to ₹3.40 billion (~$39.9 million) from ₹4.10 billion (~$48.1 million) in the same quarter of the previous year. The EBITDA margin reduced to 11.1% from 14.1%.

The profit after tax (PAT) for the quarter stood at ₹1.61 billion (~$18.9 million), dropping from ₹2.29 billion (~$26.9 million) in the same period last year.

The company’s earnings per share (EPS) for Q4 FY 2025 came in at ₹8.83 (~$0.104), reducing from ₹12.55 (~$0.147) in Q4 FY 2024.

Vikramadithya Gourineni, Executive Director, New Energy Business, Amara Raja Energy and Mobility, stated that the new energy business posted a 35% growth in revenue for the quarter, driven by energy storage systems (ESS) and electric vehicle battery pack sales. A significant portion of the ESS battery demand originated from the telecom sector.

Full Year 2024

The company reported a 10.2% year-over-year (YoY) growth in revenue for FY 2025. The revenue from operations reached ₹128.46 billion (~$1.50 billion), a 9.7% increase from ₹117.08 billion (~$1.37 billion) in the previous year.

Despite the revenue growth, profit margins were impacted by rising alloy prices and increased power costs, primarily driven by regulatory changes in solar power settlements and fuel surcharges.

Amara Raja’s EBITDA declined by 2.5% to ₹16.16 billion (~$189.7 million) from ₹16.58 billion (~$194.6 million) in the previous year. The EBITDA margin dropped from 14.2% to 12.6%.

The PAT for the year was ₹9.44 billion (~$110.8 million), slightly higher than ₹9.34 billion (~$109.6 million) in FY 2024.

The company’s EPS came in at ₹51.62 (~$0.606) for FY 2025.

Harshavardhana Gourineni, Executive Director of Automotive and Industrial, said, “In FY 2025, our automotive segment performed strongly across all product categories, with a healthy rise in volumes. Our allied ventures, such as lubricants, also sustained their growth trajectory. We have undertaken several initiatives aimed at boosting efficiency, which will reinforce our market position and help us advance our goal of long-term leadership.”

This discrepancy is attributed to internal pack sales worth ₹1 billion (~$23.5 million) to the telecom division being included in the standalone numbers.

Amara Raja broke ground on its Giga Factory-1 at its Telangana industrial park. The company’s customer qualification plant and research and development center are also nearing completion.

“Feedback from our battery pack and charger installations has been invaluable, allowing us to fine-tune our offerings to meet diverse customer requirements better,” he said.

In the company’s automotive battery division, original equipment manufacturer (OEM) volumes for four-wheelers increased 15% YoY. Its aftermarket segment for four-wheelers increased by 9%. The two-wheeler battery category also experienced robust growth, driven by OEM demand and momentum in the replacement market.

Export revenue declined 10% YoY in Q4, largely due to sluggish demand from key Western and Asia-Pacific markets.

In February this year, Amara Raja recorded a profit after tax of ₹2.98 billion (~$34.3 million) during Q3 FY 2025, an 11.4% YoY increase.

In August 2024, Amara Raja announced a profit before tax of ₹3.29 billion (~$39.1 million) for Q1 FY 2025, up 23% YoY from ₹2.66 billion (~$31.6 million).