Amara Raja Reports Strong Q2 FY26 With ₹34,670 Mn Revenue, Cell Plant Progress

Hyderabad-based Amara Raja Energy & Mobility Limited (ARE&M), formerly known as Amara Raja Batteries, one of India’s largest manufacturers of lead-acid batteries, reported a profit before tax of ₹406 crore for Q2 FY26.

In its financial results for Q2 FY26, the firm earned ₹34,670 million in consolidated revenue from operations and an EBITDA of ₹3,743 million. For H1 FY26, the company reported revenue from operations of ₹68,681 million and an EBITDA of ₹7,378 million.

The company also recorded an upward trend in revenue from sales, particularly driven by the export of lead-acid batteries. Exports rose to ₹4,919 million in Q2 FY26, compared to ₹3,821 million in Q1 FY26. A similar upward trend was observed in overall export performance during the period.

Quater-Over-Quater

Quarterly, Amara Raja earned Rs 3,46702 Cr. revenue from operations, an increase from the June quarter, where the company earned Rs 3,401.08 Cr, leading to a marginal quarterly growth of 1.94%.

Amara Raja's revenue on a yearly basis rose 6.65% year-on-year to ₹3,467.02 crore as of September 30, 2025, from ₹3,250.73 crore in the same period last year, i.e., 2024. 

Operational Highlights (LAB) – Q2/H1-FY26

• OEM volumes have registered robust growth in both the 2W segment & 4W segment
• Lubes crossed Rs. 50 crore revenue during the quarter, posting healthy growth
• Export volumes remained subdued on account of global trade and tariff uncertainties

Leadership View

Speaking on the results, Harshavardhana Gourineni, Executive Director- Automotive and  Industrial, said, “Our continued growth in the OEM segment underscores our unwavering commitment to quality and reliability. In the telecom sector, we are seeing a decline in lead-acid battery demand, though our lithium solutions continue to gain strong traction - clearly reflecting the sector’s shift toward advanced technologies. Additionally, global trade and tariff uncertainties have weighed on our export performance this quarter. That said, we remain confident in our ability to  navigate these challenges and accelerate growth across our portfolio in the coming periods.” 

Vikramadithya Gourineni, Executive Director - New Energy Business, informed, “We are seeing consistent progress on our infrastructure development. We are confident our Customer  Qualification Plant (CQP) for indigenous cell manufacturing will be operational by Q4 of this FY,  which will greatly accelerate our cell manufacturing plans.” 

Jayadev Galla, Chairman and Managing Director, said, “We continue to see robust performance on the back of our Automotive Lead Acid Business, which has delivered strong results. Even though it  has been a tumultuous quarter with tariffs and global uncertainties, our performance has been solid,  and we look forward to making better gains.”