ARE&M

Amara Raja Energy & Mobility share price & results

Amara Raja Energy & Mobility Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

India's largest lead-acid battery maker (Amaron); scaling lithium-ion cells & energy storage.

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Inve AI Signals on ARE&M
Direct bridge to live research & tools watching Amara Raja Energy & Mobility Limited
Guidance Hit Rate
20 targets · 33% hit rate 1 achieved · 17 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q2 FY27 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹761.8 +2.76% · +₹20.45

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −22.3% 1Y

₹0.7k₹0.8k₹0.9k₹1.0kNov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 11 Aug 2026Q2 FY27 — 3 Nov 2026

1Y: ₹980.1 on 7 Nov 2025 → ₹761.8. High ₹980.1 (7 Nov 2025), low ₹672.45 (30 Mar 2026).

Previous close
₹741.35
Market cap
₹13.6k Cr
52-week range
₹672.45 – ₹970.25
One year
−20.98%
Price to earnings (TTM to Sept 2026)
19.50×
Return on equity (TTM to Sept 2026)
8.34%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue13.0 ₹ crore+62.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin10.0 %−2.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit188 ₹ crore−37.7% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity8.34 %−2.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-1.59 %−2.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)15.68 %−2.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

Lead acid batteries and allied products shrank from 97% to 95% of revenue over the last two years.

Lead acid batteries and allied products 95.0% · ₹4,005.24 Cr +22.1% YoY
New energy business 5.0% · ₹209.30 Cr +72.6% YoY

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 17 open · verdicts reflect calls analysed to Q2 FY27.

Amara Raja Energy & Mobility Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (1 achieved, 2 missed, 17 open).

Watch execution in Growth & Demand (1 achieved · 1 delayed/missed) · Operations & Margins (1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Growth New Energy Revenue Share
5% by end of FY26
Call transcript, Q2 FY26 · 7 Nov 2025
Q2 FY26
Q2 FY27:FY26 has concluded. The promise was achieved.
Call transcript, Q2 FY27 · 3 Nov 2026
Achieved
Growth Export Volume Growth
Double Digit by year end FY25
Call transcript, Q3 FY25 · 10 Feb 2025
Q3 FY25
Q2 FY27:International revenues de-grew 20% YoY due to Middle East volume weakness and 7-8x ocean freight escalation.
Call transcript, Q2 FY27 · 3 Nov 2026
Missed
Operations EBITDA Margin
14% (Medium Term)
Call transcript, Q4 FY25 · 30 May 2025
Q4 FY25
Q2 FY27:Consolidated EBITDA margin contracted further to 8.8% (standalone at 10.1%). Management cited potential margin improvement of only 2.0-2.5% from current 10.1% baseline once headwinds ease.
Call transcript, Q2 FY27 · 3 Nov 2026
At Risk

Source: Inve Guidance Tracker for Amara Raja Energy & Mobility Limited · to Q2 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Amara Raja Energy & Mobility Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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See the full record

Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with Amara Raja Energy & Mobility Limited. Each comparison matches a headwind disclosed by Amara Raja Energy & Mobility Limited in the same calendar reporting quarter.

  • Sulfuric acid procurement costs surged from ₹10/kg to ₹43-44/kg due to global sulfur…

    Topic: Raw material costs · Raw material cost · Q2 FY27

    Amara Raja Energy & Mobility Limited reported: Sulfuric acid procurement costs surged from ₹10/kg to ₹43-44/kg due to global sulfur dynamics, while polymer separator and alloy costs also increased sharply; cumulative 5% price hikes have only partially offset this.

    Reporting period ended 2026-09-30

    18 other companies · Raw material cost

    Bajaj Auto (BAJAJ-AUTO) reported (period ended 2026-09-30): Input inflation shaved 3-3.5% of revenue in Q2 after 4-4.5% in Q1; October price hikes cover only ~30% of Q3 estimated inflation, leaving margin exposed if commodity hardening continues.

    Hyundai Motor India Limited (HYUNDAI) reported (period ended 2026-09-30): Commodity inflation caused a ~400 bps YoY margin drag in Q2 FY27; non-ferrous metals like copper and plastics continue to see upward pricing pressure.

    Bharat Forge Limited (BHARATFORG) reported (period ended 2026-09-30): US operations logged negative EBITDA (-₹6.7 crores) due to equipment breakdowns in steel and raw material headwinds in aluminum; Europe produced a modest 3.1% EBITDA margin.

    Craftsman Automation Limited (CRAFTSMAN) reported (period ended 2026-09-30): Safety stock accumulated during the Middle East crisis dropped in market price, inflating Q2 consumption costs and depressing Aluminum EBIT margin to 6.5% until OEM price resets take effect.

    Evidence drawer

    Evidence type: Summary paraphrase

    Sulfuric acid procurement costs surged from ₹10/kg to ₹43-44/kg due to global sulfur dynamics, while polymer separator and alloy costs also increased sharply; cumulative 5% price hikes have only partially offset this.

    Source company: Amara Raja Energy & Mobility Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 18

    Similar commentary provides sector context; it does not establish a business relationship.

  • International lead-acid revenue declined 20% YoY owing to Middle East volume weakness and…

    Topic: Freight and shipping · Logistics supply chain · Q2 FY27

    Amara Raja Energy & Mobility Limited reported: International lead-acid revenue declined 20% YoY owing to Middle East volume weakness and freight costs escalating 7x to 8x, creating a direct bottom-line drag on a high-margin segment.

    Reporting period ended 2026-09-30

    11 other companies · Logistics supply chain

    Hyundai Motor India Limited (HYUNDAI) reported (period ended 2026-09-30): Vessel shortages, port congestion, and regional conflict in Saudi Arabia/Red Sea impacted original export plans, requiring alternate routing and rerouting to LatAm/Mexico.

    Hero Motocorp (HEROMOTOCO) reported (period ended 2026-09-30): Input prices across steel, aluminum, plastic, rubber, and freight rose ~1% QoQ (5.5% cumulatively over Q1-Q2), exacerbated by currency depreciation and geopolitical West Asia conflicts.

    Bharat Forge Limited (BHARATFORG) reported (period ended 2026-09-30): Escalating freight, energy, and raw material costs impacted margins with an optical 0.4% dilution, though recoveries from customers are underway.

    Sona BLW Precision Forgings Limited (SONACOMS) reported (period ended 2026-09-30): Steel, copper and oil derivatives rising further; freight rates nearly doubled QoQ; CEO: 'In my career, I've not seen inflation like this'; pass-through lags hurt margin %

    Evidence drawer

    Evidence type: Summary paraphrase

    International lead-acid revenue declined 20% YoY owing to Middle East volume weakness and freight costs escalating 7x to 8x, creating a direct bottom-line drag on a high-margin segment.

    Source company: Amara Raja Energy & Mobility Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 11

    Similar commentary provides sector context; it does not establish a business relationship.

  • At the containerized BESS level, local manufacturing faces a 10% to 15% cost disadvantage vs…

    Topic: Supply chain disruption · Logistics supply chain · Q2 FY27

    Amara Raja Energy & Mobility Limited reported: At the containerized BESS level, local manufacturing faces a 10% to 15% cost disadvantage vs Chinese imports given that 70% of cell value is imported, necessitating government policy support (ALBM).

    Reporting period ended 2026-09-30

    6 other companies · Logistics supply chain

    Bajaj Auto (BAJAJ-AUTO) reported (period ended 2026-09-30): Supply chain execution snafus capped Chetak monthly dispatches at 40,000 units in September against a 60,000 unit capacity, causing EV plan achievement to slip to 75% and dealer inventories to drop to 9-15 days.

    Apollo Tyres Limited (APOLLOTYRE) reported (period ended 2026-09-30): Shutdown of Dutch plant caused temporary supply bottlenecks in Agri and TBR categories in Europe, dragging European revenue down 12% YoY.

    Gabriel India Limited (GABRIEL) reported (period ended 2026-09-30): Input price spikes (e.g. urea in fluids, general commodities) and rising logistics costs are compressing margins with a timing delay in recovering costs from OEMs.

    Ramkrishna Forgings Limited (RKFORGE) reported (period ended 2026-09-30): Tensions in the Middle East and potential tariff shifts affect supply chains and shipping route pricing.

    Evidence drawer

    Evidence type: Summary paraphrase

    At the containerized BESS level, local manufacturing faces a 10% to 15% cost disadvantage vs Chinese imports given that 70% of cell value is imported, necessitating government policy support (ALBM).

    Source company: Amara Raja Energy & Mobility Limited · Reporting period ended 2026-09-30 · Calendar quarter: Q2 FY27 · Distinct companies matched: 6

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

ARE&M ₹761.8 +2.76%
Guidance Verdict (20 tracked) 1 kept · 17 open· 2 missed
AI Call Brief · Q2 FY27

Amara Raja Energy & Mobility Limited Q2 FY27

Overview

Symbol
NSE:ARE&M
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Amara Raja Energy & Mobility Limited does

Based on the company's own presentations, annual report and earnings calls.

Amara Raja Energy & Mobility manufactures lead-acid batteries for automotive (2W/3W/4W/CV) and industrial (telecom, railways, UPS, solar, data centres) applications under the Amaron, PowerZone and Quanta brands, sold domestically and exported to over 70 countries. It earns through a large franchise/dealer distribution network and OEM supply contracts with automakers, plus a growing New Energy business (under wholly-owned subsidiary ARACT) making lithium-ion cells, battery packs and EV/AC-DC charging products. The company also runs a captive lead-recycling operation that feeds raw material back into its battery plants, and sells lubricants under the Amaron Hi-Life brand.

Segments

  • Lead Acid Battery (Automotive & Industrial)
  • New Energy Business (NEB)
Manufacturing facilities
14 facilities across Andhra Pradesh, Telangana and Tamil Nadu
Automotive battery capacity
~70 million units annualized
Industrial battery capacity
~2.4 billion Ah annualized
Export presence
70+ countries
Domestic automotive distribution network
17 branches, 1,500+ direct dealer partners, 100,000+ points of sale
Lead recycling capacity
100,000 MT/annum current, eventual capacity 150,000 MT/annum (Cheyyar, Tamil Nadu)
Founded 1985Employees 12,000 (FY26 (Mar 2026))

How the price took the results

Moved an average of ±4.0% across the last 4 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q2 FY273 Nov 2613 188+62.5%₹708.4 → ₹696.6−1.7%
Q1 FY2711 Aug 2621 203+200.0%₹897.7 → ₹970.25+8.1%
Q4 FY2626 May 2616 322+166.7%₹883.4 → ₹889.3+0.7%
Q3 FY2612 Feb 266 152−40.0%₹911.7 → ₹861.45−5.5%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

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PEER COMPARISON
Median ₹13,569 Cr Mkt Cap
₹0 Cr₹10,000 Cr₹20,000 Cr₹30,000 CrAmara Raja Energy & Mobility Limited (ARE&M): ₹13,569 Cr₹13,569 CrARE&MOla Electric Mobility Limited (OLAELEC): ₹16,976 Cr₹16,976 CrOLAELECMinda Corp (MINDACORP): ₹16,846 Cr₹16,846 CrMINDACORPLumax Auto Technologies Limited (LUMAXTECH): ₹13,985 Cr₹13,985 CrLUMAXTECHSEDEMAC Mechatronics Limited (SEDEMAC): ₹13,754 Cr₹13,754 CrSEDEMACCIE Automotive India Limited (CIEINDIA): ₹13,469 Cr₹13,469 CrCIEINDIARamkrishna Forgings Limited (RKFORGE): ₹12,876 Cr₹12,876 CrRKFORGECEAT (CEATLTD): ₹12,721 Cr₹12,721 CrCEATLTDVarroc Engineering Limited (VARROC): ₹12,114 Cr₹12,114 CrVARROC

All Automobile and Auto Components companies → · Automobile and Auto Components earnings growth →

Quick Answers

Frequently asked questions on Amara Raja Energy & Mobility Limited

Compiled directly from ARE&M's filed financial statements, earnings call transcripts, and ownership disclosures.

How did Amara Raja Energy & Mobility Limited (ARE&M) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, Amara Raja Energy & Mobility Limited reported revenue of ₹13 Cr, net profit of ₹188 Cr, an operating margin of 10.0%. Diluted earnings per share stood at ₹10.29.

How is Amara Raja Energy & Mobility Limited (ARE&M) valued today, and what growth does the stock price imply?

Amara Raja Energy & Mobility Limited (ARE&M) trades at ₹761.8, with a market capitalization of ₹13.6k Cr.

Who owns Amara Raja Energy & Mobility Limited (ARE&M) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 32.9%, FIIs hold 17.2%, DIIs hold 14.9%, Public shareholders hold 35.0%.

Learn to analyse Amara Raja Energy & Mobility Limited

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