Amara Raja Energy & Mobility Ltd

Meeting Details

• Date and time: August 28, 2026, 04:00 PM IST.
• Type and mode: virtual one-on-one meeting.
• Event/organiser: Analyst/Investor Call; organiser: OysterRock Capital.

Participants

• Company management team to participate.

Purpose

• Analyst/Investor call under Regulation 30; investor interaction.

Additional Notes

• No presentation will be made by the company.
• No unpublished price sensitive information will be shared during the meeting.

Meeting Details

• Date of meeting: August 11, 2026
• Meeting type and mode: earnings call; audio recording released

Participants

• Key company participant: Company Secretary & General Counsel

Purpose

• Purpose: earnings call to discuss quarterly results

Additional Notes

• Audio recording available on the company investor website

AGM Details

• Date of AGM: 10 August 2026, mode: VC/OAVM.
• Remote e-voting: 6–9 August 2026; on-site voting allowed.
• Record date: 3 August 2026.
• Total resolutions considered: eight.

Resolutions & outcome

• Resolution 1: Adopt audited financial statements; ordinary; passed.
• Resolution 2: Interim dividend approval; ordinary; passed.
• Resolution 3: Re-appointment of Harshavardhana Gourineni as director; ordinary; passed.
• Resolution 4: Re-appoint Gourineni as Executive Director; remuneration approved; ordinary; passed.
• Resolution 5: Approve remuneration to Gourineni (Executive Director); special; passed.
• Resolution 6: Re-appoint Vikramadithya Gourineni as director; remuneration approved; ordinary; passed.
• Resolution 7: Approve remuneration to Vikramadithya Gourineni (Executive Director); special; passed.
• Resolution 8: Ratify remuneration to Cost Auditors for FY27; ordinary; passed.

AGM Details

• AGM held Aug 10, 2026 at 3:00 PM IST via VC/OAVM.

Key Resolutions

• Ordinary: Adoption of audited financial statements for FY2026.
• Ordinary: Interim and final dividend of Rs 5.20 per share for FY2026.
• Ordinary: Re-appointment of Harshavardhana Gourineni by rotation.
• Special: Re-appointment of Harshavardhana Gourineni as Executive Director from Jun 12, 2026, with remuneration.
• Special: Approval of remuneration to Harshavardhana Gourineni under Listing Regulations.
• Ordinary: Re-appointment of Vikramadithya Gourineni as Executive Director from Jun 12, 2026, with remuneration.
• Special: Approval of remuneration to Vikramadithya Gourineni under Listing Regulations.
• Ordinary: Ratification of remuneration payable to Cost Auditors for FY27.

Voting & Results

• Voting conducted via NSDL e-voting; results to be declared in Consolidated Scrutinizer's Report.

Dividends

• Interim dividend confirmed; final dividend Rs 5.20 per share for FY2026.

Directors & Governance

• Re-appointment of Harshavardhana Gourineni as director by rotation.
• Re-appointment of Harshavardhana Gourineni as Executive Director from Jun 12, 2026, with remuneration.
• Re-appointment of Vikramadithya Gourineni as Executive Director from Jun 12, 2026, with remuneration.

Business Overview

• ARE&M is a leading Indian lead-acid battery maker expanding into New Energy.
• Formerly Amara Raja Batteries Limited; rebranded ARE&M.
• Exports to 70+ countries; ~70 million automotive capacity; 12,000 employees.
• Minimal debt in books; AA+ CRISIL rating; 10-year revenue CAGR ~10%.
• Entered New Energy business in 2022 with INR 95 Bn capex plan.
• Zero liquid discharge plants; water-positive status with emissions reduction.
• Renewable energy share ~21.82% of operations.

Operational Highlights

• Q1 FY27: Lead-Acid OEM volumes grew double-digit.
• Domestic Home Energy volumes grew; industrial UPS steady.
• New Energy packs revenue grew >50% YoY.
• Customer Qualification Plant commissioned July 2026; E+ve Lab certification achieved.
• BESS Giga Factory capacity 10 GWh; 16 GWh Giga-cell by FY30.
• Phase 1 Giga-Cell 2 GWh starts Q2 CY27.
• Giga-Cell capacity 16 GWh by FY30; E-Hub Hyderabad starts Q2 FY27.
• Lead recycling ARCSPL: 100k MT current; 150k MT target.
• In Kuwait, Amaron Hi-Life Lubes launched; pitstop expansion.
• Pack assembly: 1.5 GWh mobility; 1.2 GWh stationary; 2GWh capex plan.
• Inauguration of Customer Qualification Plant on 15 July 2026.
• E+ Lab R&D center certified IATF 16949:2016 and ISO 9001:2015.
• E-Hub Hyderabad to commence operation in Q2-FY27.

Financial Performance

• Consolidated Q1 FY27 revenue: INR 42,145 mn; PAT: INR 1,909 mn.
• EBITDA: INR 4,059 mn; EBITDA margin 9.6%.
• Standalone revenue: INR 40,414 mn; PAT: INR 2,028 mn; EBITDA margin 10.1%.
• Standalone PAT margin 5.0%; EPS INR 11.08.
• YoY revenue growth: 23.9%; PAT growth: 15.8%.
• Balance sheet highlights: equity INR 80,990 mn; total assets INR 114,567 mn.

Capital Structure & Liquidity

• Minimal debt; CRISIL AA+ rating.
• Cash & equivalents: INR 2,260 mn (FY26).
• Current borrowings: INR 2,765 mn; long-term borrowings: nil (FY26).

Strategic Priorities & Outlook

• Scale New Energy Business: pack manufacturing and BESS/Giga facilities.
• Pack capacities: 1.5 GWh mobility; 1.2 GWh stationary.
• BESS Giga Facility: 10 GWh; target 25+ GWh by FY2031.
• Giga-Cell Factory Phase 1: 2 GWh starting CY27; 16 GWh by FY30.
• E-Hub Hyderabad: operation commencing Q2-FY27; supports EV and stationary products.
• Customer Qualification Plant inaugurated; validated processes ahead of scale.

Risks & Mitigation

• Exports headwinds due to geopolitical uncertainty.
• Mitigation: strengthen domestic revenue share; accelerate NEB expansion.

Governance & Leadership

• No significant governance changes disclosed.
• Sustainability reporting and ESG disclosures ongoing.

Investment in subsidiaries

• Up to Rs 500 crore to Amara Raja Advanced Cell Technologies, in one or more tranches.
• In addition to existing Rs 2,000 crore approval for gigafactories/plants.
• Up to Rs 50 crore for Amara Raja Power Systems Limited, in one or more tranches.
• In addition to existing Rs 50 crore approval for operational/manufacturing needs.

Financial highlights

• Revenue for Q1 FY27: Rs 4,041 Cr, up from Rs 3,350 Cr in Q1 FY26.
• Profit before tax for Q1 FY27: Rs 272 Cr.
• Revenue grew about 21% YoY in Q1 FY27.
• Automotive domestic revenue grew over 20% YoY.
• Home Energy revenue grew over 30% YoY.
• Industrial Battery business maintained momentum; UPS segment grew double-digit.
• International operations faced headwinds; market and channel mix being recalibrated.
• Transforming into a fully integrated new energy company across the value chain.
• Commissioning of Customer Qualification Plant progressing; BESS facility and Giga Factory advancing.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved by Board on Aug 10, 2026.

Financial highlights

• Standalone total income ₹4,057.35 crore; net profit ₹202.80 crore for Q1 FY2026-27.
• Consolidated total income ₹4,234.04 crore; net profit ₹190.94 crore for Q1 FY2026-27.

Strategic actions and regulatory updates

• Infused about ₹150 crore into CARACT; total investment ~₹1,650 crore.
• APPCB revoked closure orders for one year; writ petitions disposed Aug 6, 2026; company withdrew petitions.

Auditor remarks

• Auditors' review: no material misstatement; no modification required.

Writ petitions update

• Petitions filed before the Andhra Pradesh High Court have been withdrawn following the revocation of closure orders.
• There is no financial loss arising from this disclosure.