Amara Raja Energy & Mobility Limited (ARE&M) reported revenue from operations of ₹4,041 crore in Q1 FY27, compared with ₹3,350 crore in Q1 FY26, marking a 20.63% year-on-year increase. Net Profit After Tax (PAT) rose to ₹190.94 crore, from ₹164.80 crore a year earlier, registering a 15.86% YoY growth. However, compared with the ₹314.33-crore PAT reported in Q4 FY26, the company’s Q1 FY27 profit declined 39.25% sequentially.
The company’s performance during the quarter continued to be driven primarily by its established lead-acid battery business, while its newer energy businesses are still in the investment and scale-up phase. Automotive, Home Energy and Industrial Battery operations remained key contributors to the quarter’s performance.
The Automotive domestic business recorded revenue growth of more than 20% year-on-year, supported by healthy OEM demand and double-digit growth in the aftermarket. Home Energy revenue grew more than 30% YoY, helped by a strong summer season. Within the Industrial Battery business, the UPS segment maintained double-digit revenue growth, while stronger volumes in stationary storage also supported the quarter.
Harshavardhana Gourineni, Executive Director – Automotive and Industrial, Amara Raja Energy & Mobility, said:
“We have begun FY27 on a strong note, with broad-based growth across all segments. The Automotive domestic business revenue grew over 20% year-on-year on the back of healthy OEM demand and double-digit growth in the aftermarket. Home Energy grew over 30% year-on-year, supported by a strong summer season, while the Industrial Battery business sustained momentum with UPS segment recording double digit revenue growth.
We are actively recalibrating our market and channel mix to build a more resilient export franchise in light of the shifting global trade dynamics.”
International operations, meanwhile, continued to face pressure from geopolitical uncertainty and changing global trade dynamics. The company said it is recalibrating its market and channel mix to build a more resilient export franchise.
The quarter also marked continued progress in Amara Raja’s transition towards a broader new-energy business. Its Customer Qualification Plant (CQP) at Divitipally, Telangana, was recently commissioned with an initial 60 MWh capacity and an investment of about ₹500 crore. The facility is intended for manufacturing lithium-ion cells in cylindrical and prismatic formats across multiple chemistries for customer testing and validation.
The CQP forms part of the company’s larger ₹9,500-crore Giga Corridor programme, which is planned to include 16 GWh of advanced cell manufacturing capacity. The first commercial cell manufacturing line, with a capacity of 2 GWh, is targeted to begin operations in 2027.
The company is also progressing on its Battery Energy Storage Systems (BESS) facility as it expands beyond conventional battery manufacturing into cells, battery packs, energy storage and related technologies.
Vikramadithya Gourineni, Executive Director – New Energy Business, Amara Raja Energy & Mobility, said:
“Strong growth in the stationary storage segment drove our volume performance during the quarter. We are steadily transforming into a fully integrated new energy company, with capabilities now spanning the entire value chain-from advanced cells and battery packs to chargers, power conversion technologies and energy storage systems; creating a strong platform for long-term growth.”
This new-energy expansion builds on Amara Raja’s ongoing investments in its Giga Corridor, where the company is developing capabilities spanning battery-pack manufacturing, advanced cells and energy research. The company’s earlier disclosures place the wider programme at Divitipally in Telangana, with the planned cell capacity forming a major part of its long-term manufacturing strategy.
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