Amara Raja Targets Recovery in International Sales, Plans INR 1,700 Crores Capex for FY '27
Amara Raja Energy & Mobility anticipates a recovery in automotive international sales after a 20% Q1 decline driven by Middle East market challenges. The company has planned total capital expenditure of INR 1,700 crores for FY '27, with INR 1,300 crores directed toward new energy initiatives and the balance for the lead-acid segment including recycling. The Giga-1 plant is scheduled for launch in H1 FY '28, while the BESS project targeting 10 GWh capacity requires INR 250 to 300 crores, with operating margins aimed at 5% to 7%, potentially rising to 7% to 8% with local production. The lead-acid battery business is projected to grow 9% to 10%, supported by domestic aftermarket gains in both two-wheeler and four-wheeler segments.
10Aug 26
Amara Raja Energy & Mobility Approves Additional Investment of 5 Billion Rupees in Its Unit
Amara Raja Energy & Mobility has formally approved an additional investment of 5 billion rupees in its unit. The capital allocation underscores the company's commitment to strengthening its subsidiary operations. Specific details about the unit receiving the investment or the purpose of the funds were not disclosed in the available data.
JPMorgan Maintains Neutral Rating on Amara Raja Energy & Mobility with Target Price of ₹855 Amid Mixed Quarter
JPMorgan has maintained a Neutral rating on Amara Raja Energy & Mobility with a target price of ₹855, describing the latest quarter as mixed due to an EBITDA beat alongside misses on margins and adjusted PAT. The brokerage expects downward EPS revisions and has flagged demand growth, cost outlook, and margin trajectory as the key monitorables to watch.
Amara Raja Energy & Mobility Executes Rs. 19.25 Crore Block Trade on NSE
Amara Raja Energy & Mobility Ltd. executed a major NSE block trade worth Rs. 19.25 crores involving approximately 210,757 shares at Rs. 913.50 per share. This institutional transaction highlights significant trading activity and potential strategic positioning by large investors in the company's stock.
22Apr 26
Amara Raja Energy & Mobility Revises Capacity Strategy, Plans EV Cell Production by 2027
Amara Raja Energy & Mobility has revised its battery manufacturing strategy, planning to begin bulk EV cell production by 2027. The company has shifted its 16 GWh facility allocation from a mobility-focused approach to an equal split between mobility and energy storage solutions, positioning itself to serve multiple market segments effectively.
Amara Raja Energy & Mobility Reports 29.7% Drop in Q4 Profit, Announces Dividend
Amara Raja Energy & Mobility's Q4 results show a 29.7% year-over-year decrease in net profit to ₹1.62 billion, despite a 5.2% increase in revenue to ₹30.60 billion. EBITDA fell by 17% to ₹3.41 billion, with the EBITDA margin narrowing to 11.13%. The company declared a final dividend of ₹5.20 per share.