ARE&MAmara Raja Energy & Mobility Ltd.
Amara Raja Energy & Mobility Q2 FY27 Results: Consolidated Net Profit ₹152 Crore on Total Income of ₹4,131 Crore
- Earnings
- Batteries and energy storage
Reviewed byKeshav SehgalBlacklitt Research
Amara Raja Energy & Mobility (NSE: ARE&M) reported consolidated total income of ₹4,131.33 crore and net profit of ₹152.48 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹3,861.47 crore and net profit of ₹188.30 crore, it said in a filing on 02 Nov 2026. The results are unaudited and carry unmodified limited review reports.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹4,131.33 crore, up 18.2% YoY and down 2.4% QoQ
- Net profit: ₹152.48 crore, down 44.9% YoY and 20.1% QoQ
- EPS: ₹8.33 basic, against ₹15.11 a year earlier
- Finance costs: ₹14.71 crore, up 63.4% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹3,861.47 crore, up 13.2% YoY and down 4.8% QoQ
- Net profit: ₹188.30 crore, down 37.7% YoY and 7.1% QoQ
- EPS: ₹10.29 basic, against ₹16.52 a year earlier
- Interim dividend: ₹4.30 per share of ₹1 face value, record date 06 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 4,131.33 | 3,495.07 | +18.2% | 4,234.04 | -2.4% | |
| Revenue from operations | 4,108.71 | 3,467.02 | +18.5% | 4,214.54 | -2.5% |
| Other income | 22.62 | 28.05 | -19.4% | 19.50 | +16.0% |
| 152.48 | 276.49 | -44.9% | 190.94 | -20.1% | |
| Profit before tax | 208.52 | 364.82 | -42.8% | 254.63 | -18.1% |
| Finance costs | 14.71 | 9.00 | +63.4% | 11.92 | +23.4% |
| Depreciation | 160.98 | 150.33 | +7.1% | 158.87 | +1.3% |
| Tax expense | 56.04 | 88.33 | -36.6% | 63.69 | -12.0% |
| Net profit margin | 3.69% | 7.91% | -4.22 pp | 4.51% | -0.82 pp |
| EPS, basic (₹) | 8.33 | 15.11 | -44.9% | 10.43 | -20.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 44.9% year on year while total income rose 18.2%, so profit moved far more than income. Profit before tax fell 42.8%, to ₹208.52 crore from ₹364.82 crore, and the tax expense fell 36.6%, so the lower tax charge did not offset the drop in pre-tax profit.
Finance costs rose from ₹9.00 crore to ₹14.71 crore, and depreciation rose 7.1%, to ₹160.98 crore. Other income of ₹22.62 crore is 0.5% of total income and 10.8% of profit before tax. The year-ago quarter carried exceptional items of ₹(121.79) crore, according to the notes, but the nature of those items is not stated in the text read.
The lead segment, lead acid batteries and allied products, reported revenue of ₹3,876.25 crore and a segment result of ₹240.02 crore. The new energy business reported revenue of ₹232.46 crore and a segment loss of ₹(41.55) crore. The reason for the sharp fall in consolidated profit before tax is not stated.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 3,861.47 | 3,412.26 | +13.2% | 4,057.35 | -4.8% | |
| Revenue from operations | 3,843.25 | 3,388.18 | +13.4% | 4,041.44 | -4.9% |
| Other income | 18.22 | 24.08 | -24.3% | 15.91 | +14.5% |
| 188.30 | 302.40 | -37.7% | 202.80 | -7.1% | |
| Profit before tax | 250.71 | 405.55 | -38.2% | 272.30 | -7.9% |
| Finance costs | 13.29 | 8.26 | +60.9% | 10.67 | +24.6% |
| Depreciation | 140.47 | 138.00 | +1.8% | 140.33 | +0.1% |
| Tax expense | 62.41 | 103.15 | -39.5% | 69.50 | -10.2% |
| Net profit margin | 4.88% | 8.86% | -3.99 pp | 5.00% | -0.12 pp |
| EPS, basic (₹) | 10.29 | 16.52 | -37.7% | 11.08 | -7.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The Board also noted capex approval by Amara Raja Advanced Cell Technologies Limited, a wholly owned subsidiary, of ₹2,320 crore to raise pack manufacturing capacity from 4 GWh to 9 GWh and set up an LFP cell manufacturing plant at the Amara Raja Giga Corridor in Telangana. The plants are to be established within 30 months and financed through a mix of equity and debt. The company infused ₹250 crore in the subsidiary during the quarter, taking its total investment to ₹2,100.01 crore.
Inference
The filing declares an interim dividend of ₹4.30 per equity share of ₹1 face value for FY 2026-27, payable on or before 01 Dec 2026, with a record date of 06 Nov 2026. The company also infused ₹250 crore into its subsidiary ARACT and ₹50 crore into Amara Raja Power Systems Limited during the quarter.
The filing does not state the timing or cash cost of the ₹2,320 crore capex beyond the 30-month window, the split between equity and debt funding, or the reason for the fall in consolidated profit before tax.
Filed with BSE on . Reference: Original filing (PDF)
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