Q1 2026 Amara Raja Energy & Mobility Ltd Earnings Call Transcript
Key Points
- Amara Raja Energy & Mobility Ltd (BOM:500008) reported a consolidated revenue growth of 4% year-over-year and 11% quarter-over-quarter, reaching INR3,401 crore.
- The lead acid battery business showed a year-over-year growth of 4.5%, with robust OEM demand and aftermarket growth in both four-wheeler and two-wheeler segments.
- The company's new energy business, particularly lithium pack volumes, registered substantial growth, crossing 100 megawatts of sales to the telecom sector.
- The recently launched lubes products have doubled in year-on-year volumes, indicating strong market acceptance.
- The industrial UPS battery segment experienced a strong growth of 15% over the previous year, showcasing resilience in the industrial sector.
- Export volumes faced a decline of 7% to 8% compared to the previous year, posing a challenge for the company.
- The telecom lead acid battery volumes decreased by 30% year-over-year, impacting the industrial segment's overall performance.
- Margins were subdued due to material cost challenges, increased power and employee costs, and revised provisioning for warranty claims.
- The trading revenue mix increased to 23% from 19% last year, diluting EBITDA margins due to reliance on trading rather than manufacturing.
- The EV side of the business slowed down during the quarter due to lower demand from OEMs, affecting the overall new energy business revenue.
Ladies and gentlemen, good day, and welcome to the Amara Raja Q1 FY26 earnings conference call hosted by Motilal Oswal Financial Services Limited. (Operator Instructions) Please note that the conference is being recorded. I now hand the conference over to Mr. Aniket Mhatre from Motilal Oswal Financial Services Limited. Thank you, and over to you, sir.
Thank you, Aida. Good evening, everyone. Welcome to the post results conference call of Amara Raja. At the outset, I would like to thank the Amara Raja management for giving us an opportunity to host this call.
From the management team, we have with us Mr. Y. Delli Babu, Chief Financial Officer of the company. I would now like to hand over the call to Mr. Delli Babu for his opening comments on the company's Q1 performance, post which we will begin the Q&A session. Over to you, sir.
A very good afternoon to everyone who has
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