Amara Raja Energy & Mobility (NSE:ARE&M) Operating Income: ₹8,899 Mil (TTM As of Mar. 2026)

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NSE:ARE&M Amara Raja Energy & Mobility Ltd NSE:ARE&M
97 GF Score
Price ₹910.45
GF Value ₹1,078.42
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Amara Raja Energy & Mobility Operating Income?

Amara Raja Energy & Mobility NSE:ARE&M +0.40% 97 Operating Income is ₹8,899 Mil as of Mar. 2026. GuruFocus rates NSE:ARE&M with a GF Score™ of 97/100 and a GF Value™ of ₹1,078.42 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Amara Raja Energy & Mobility's Operating Income for the three months ended in Mar. 2026 was ₹2,277 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹8,899 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Amara Raja Energy & Mobility's Operating Income for the three months ended in Mar. 2026 was ₹2,277 Mil. Amara Raja Energy & Mobility's Revenue for the three months ended in Mar. 2026 was ₹35,358 Mil. Therefore, Amara Raja Energy & Mobility's Operating Margin % for the quarter that ended in Mar. 2026 was 6.44%.

Warning Sign:

Amara Raja Energy & Mobility Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -6.3%.

Amara Raja Energy & Mobility's 5-Year average Growth Rate for Operating Margin % was -6.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Amara Raja Energy & Mobility's annualized ROC % for the quarter that ended in Mar. 2026 was 7.38%. Amara Raja Energy & Mobility's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.99%.


Amara Raja Energy & Mobility  (NSE:ARE&M) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Amara Raja Energy & Mobility's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=9108.4 * ( 1 - 25.32% )/( (0 + 92148.3)/ 1 )
=6802.15312/92148.3
=7.38 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=114567.2 - 18783 - ( 3635.9 - max(0, 27624.4 - 45327.9+3635.9))
=92148.3

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Amara Raja Energy & Mobility's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=17427.6/( ( (0 + max(0, 0)) + (59013.8 + max(16803.6, 0)) )/ 1 )
=17427.6/( ( 0 + 75817.4 )/ 1 )
=17427.6/75817.4
=22.99 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12432.1 + 25147 + 3786.4) - (18783 + 0 + 5778.9)
=16803.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Amara Raja Energy & Mobility's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=2277.1/35357.5
=6.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Amara Raja Energy & Mobility Operating Income Related Terms


Amara Raja Energy & Mobility Operating Income Historical Data

* Premium members only.

The historical data trend for Amara Raja Energy & Mobility's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Amara Raja Energy & Mobility Operating Income Chart

Amara Raja Energy & Mobility Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,477.70 10,121.20 11,902.10 11,090.70 9,114.60

Amara Raja Energy & Mobility Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,967.90 2,213.50 2,239.80 2,168.80 2,277.10
NSE:ARE&M
97GF Score
Amara Raja Energy & Mobility Ltd NSE:ARE&M
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Amara Raja Energy & Mobility Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹8,899 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹8,899 Mil mean?
Amara Raja Energy & Mobility (NSE:ARE&M) has a Operating Income of ₹8,899 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Amara Raja Energy & Mobility and its competitors.
Is Amara Raja Energy & Mobility's Operating Income too high?
Amara Raja Energy & Mobility's current Operating Income is ₹8,899 Mil. Overall, Amara Raja Energy & Mobility has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amara Raja Energy & Mobility's Operating Income compare to VRT and BE?
Amara Raja Energy & Mobility's Operating Income of ₹8,899 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Amara Raja Energy & Mobility and its competitors. Amara Raja Energy & Mobility's current Operating Income is ₹8,899 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amara Raja Energy & Mobility stock overvalued right now?
Based on GuruFocus' analysis, Amara Raja Energy & Mobility (NSE:ARE&M) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,078.42, compared to a current price of ₹910.45 — trading 15.6% below its estimated fair value. The current Operating Income is ₹8,899 Mil. Amara Raja Energy & Mobility's overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Amara Raja Energy & Mobility (NSE:ARE&M), the current Operating Income is ₹8,899 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Amara Raja Energy & Mobility (NSE:ARE&M) Overvalued in 2026?

Based on GuruFocus' analysis, Amara Raja Energy & Mobility stock appears to be undervalued. The current stock price of ₹910.45 is trading 15.6% below its estimated GF Value™ of ₹1,078.42. GuruFocus considers Amara Raja Energy & Mobility to be Modestly Undervalued.

Key valuation signals for NSE:ARE&M:

  • Operating Income: ₹8,899 Mil
  • GF Value™: ₹1,078.42 vs. price of ₹910.45 (15.6% below fair value)
  • GF Score™: 97/100 with 3 warning signs

No single metric tells the full story. See the NSE:ARE&M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amara Raja Energy & Mobility Business Description

Other Exchanges 500008:India
Address Terminal A, 1-18/1/AMR/NR, Nanakramguda Gachibowli, Hyderabad, TG, IND, 500032
Amara Raja Energy & Mobility Ltd is an India-based battery maker for both industrial and automotive applications in the Indian storage battery industry. It offers Li-ion cells, battery packs, and charging solutions for Light Electric Vehicles and the telecom industry. The company's reportable segments are; Lead acid and allied products, and Others. The majority of its revenue is generated from the Lead acid and allied products segment. The others segment includes predominantly the manufacture and sale of new energy business-related products. Geographically, the derives its key revenue from India and also exports its products to various other countries.
97GF Score

Get the complete analysis for NSE:ARE&M

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹910.45
Price
₹1,078.42
GF Value