Amara Raja Energy & Mobility Ltd (ARE&M) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a consolidated revenue of INR 3,104.67 crores for Q2 FY26, marking a growth of approximately 6.5% year-on-year.
- Lead Acid business, contributing 95% of total revenue, grew by 5% year-on-year, primarily driven by robust OEM demand in 4-wheeler and 2-wheeler segments.
- New Energy business delivered healthy quarterly performance with a revenue of INR 170 crores, growing over 50% compared to the previous year, supported by increased demand for telecom packs and chargers.
- Standalone operating margins were around 12%, with an adjusted margin of 12.4% if lithium telecom batteries are excluded, showing a 0.5% quarter-on-quarter improvement despite year-on-year subdue due to higher warranty and EPR liability provisions.
- The company invested INR 350 crores in CapEx during H1 FY26 across both new energy and lead acid businesses, with a full-year expectation of INR 1,400-1,500 crores, heavily skewed towards new energy in H2.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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