Below is a structured extraction and summary of the relevant and actionable financial information from the Amara Raja Energy & Mobility Limited results filing dated August 14, 2025.
1. Auditor’s Note
- Type of report: Limited Review Report by Joint Statutory Auditors (Brahmayya & Co. and Deloitte Haskins & Sells LLP).
- Conclusion: Unmodified/unqualified opinion.
- Key points:
- No qualifications, concerns, or issues reported.
- The review was conducted as per applicable Indian standards.
- Two wholly-owned subsidiaries’ interim financials were not reviewed by their auditors but are considered immaterial to the Group.
- Actionable: No auditor concerns; results can be relied upon as presented.
2. Financial Performance
Periods Covered:
- Latest quarter: Q1 FY26 (Quarter ended June 30, 2025)
- Immediately preceding quarter: Q4 FY25 (Quarter ended March 31, 2025)
- Same quarter previous year: Q1 FY25 (Quarter ended June 30, 2024)
- Full financial year: FY25 (Year ended March 31, 2025)
Standalone Financials (₹ crores)
| Particulars | Q1 FY26 (Jun 30, 2025) | Q4 FY25 (Mar 31, 2025) | Q1 FY25 (Jun 30, 2024) | FY25 (Mar 31, 2025) |
|---|
| Revenue from operations | 3,349.92 | 2,973.85 | 3,131.19 | 12,404.89 |
| Other income | 13.94 | 20.02 | 25.55 | 93.29 |
| Total income | 3,363.86 | 2,993.87 | 3,156.74 | 12,498.18 |
| Total expenses | 3,102.85 | 2,769.51 | 2,828.08 | 11,310.10 |
| Profit before exceptional items & tax | 261.01 | 224.36 | 328.66 | 1,188.08 |
| Exceptional items (net) | - | - | - | (111.07) |
| Profit before tax | 261.01 | 224.36 | 328.66 | 1,299.15 |
| Tax expense | 67.00 | 57.55 | 84.11 | 335.25 |
| Net profit after tax | 194.01 | 166.81 | 244.55 | 963.90 |
| Other comprehensive income/(loss) | (0.64) | (108.21) | 56.06 | (163.93) |
| Total comprehensive income | 193.37 | 58.60 | 300.61 | 799.97 |
| EPS (₹ per share, face value ₹1) | 10.60 | 9.11 | 13.36 | 52.66 |
Consolidated Financials (₹ crores)
| Particulars | Q1 FY26 (Jun 30, 2025) | Q4 FY25 (Mar 31, 2025) | Q1 FY25 (Jun 30, 2024) | FY25 (Mar 31, 2025) |
|---|
| Revenue from operations | 3,401.08 | 3,060.07 | 3,263.05 | 12,846.32 |
| Other income | 18.50 | 25.83 | 29.59 | 115.59 |
| Total income | 3,419.58 | 3,085.90 | 3,292.64 | 12,961.91 |
| Total expenses | 3,190.66 | 2,873.28 | 2,957.93 | 11,799.81 |
| Profit before exceptional items & tax | 228.92 | 212.62 | 334.71 | 1,162.10 |
| Exceptional items (net) | - | - | - | (111.07) |
| Profit before tax | 228.92 | 212.62 | 334.71 | 1,273.17 |
| Tax expense | 64.12 | 51.05 | 85.59 | 328.50 |
| Net profit after tax | 164.80 | 161.57 | 249.12 | 944.67 |
| Other comprehensive income/(loss) | (0.64) | (107.90) | 56.07 | (163.92) |
| Total comprehensive income | 164.16 | 53.67 | 305.19 | 780.75 |
| EPS (₹ per share, face value ₹1) | 9.00 | 8.83 | 13.61 | 51.62 |
Margins and Profitability (Standalone)
| Metric | Q1 FY26 | Q4 FY25 | Q1 FY25 | FY25 |
|---|
| EBITDA (approx.) | 390.25* | 352.76* | 436.95* | 1,680.14* |
| EBITDA Margin (%) | 11.6% | 11.8% | 13.9% | 13.5% |
| Operating Profit (PBT before exceptional) | 261.01 | 224.36 | 328.66 | 1,188.08 |
| Operating Profit Margin (%) | 7.8% | 7.5% | 10.4% | 9.6% |
| Net Profit Margin (%) | 5.8% | 5.6% | 7.7% | 7.8% |
*EBITDA estimated as Profit before exceptional items and tax + Finance costs + Depreciation & amortisation.
3. Detailed Notes / Management Commentary
- The results were reviewed by the Audit Committee and approved by the Board on August 14, 2025.
- The statutory auditors issued an unmodified limited review report.
- No changes in accounting policies or material adjustments reported.
- The figures for Q4 FY25 are balancing figures between audited full year and nine months ended Dec 31, 2024.
- Consolidated results include four wholly-owned subsidiaries.
- Two subsidiaries’ interim financials were not audited but are immaterial to the Group.
- No mention of NPAs, slippages, or financial services-specific metrics (company is manufacturing-focused).
- Other comprehensive income volatility mainly due to investments through FVTOCI and remeasurement of defined benefit plans.
- No exceptional items in Q1 FY26 or Q4 FY25; FY25 had an exceptional charge of ₹111.07 crores.
4. Segment Information (Consolidated)
| Segment | Q1 FY26 Revenue (₹ cr) | Q4 FY25 Revenue (₹ cr) | Q1 FY25 Revenue (₹ cr) | FY25 Revenue (₹ cr) |
|---|
| Lead acid batteries & allied products | 3,279.79 | 2,902.96 | 3,137.30 | 12,345.13 |
| New energy business (Li-ion batteries, chargers, allied products) | 121.29 | 157.11 | 125.75 | 501.19 |
| Total Revenue | 3,401.08 | 3,060.07 | 3,263.05 | 12,846.32 |
| Segment | Q1 FY26 Profit (₹ cr) | Q4 FY25 Profit (₹ cr) | Q1 FY25 Profit (₹ cr) | FY25 Profit (₹ cr) |
|---|
| Lead acid batteries & allied products | 253.00 | 213.19 | 306.23 | 1,233.63 |
| New energy business | (35.21) | (21.64) | 5.81 | (45.89) |
| Total Segment Results | 217.79 | 191.55 | 312.04 | 1,187.74 |
| Add: Unallocable income net of expenses | 11.13 | 21.07 | 22.67 | 85.43 |
| Profit before tax (consolidated) | 228.92 | 212.62 | 334.71 | 1,273.17 |
| Segment Assets (₹ cr) | Q1 FY26 | Q1 FY25 | FY25 |
|---|
| Lead acid batteries & allied products | 8,037.63 | 7,292.27 | 7,838.69 |
| New energy business | 1,104.68 | 730.01 | 961.51 |
| Total Segment Assets | 9,142.31 | 8,022.28 | 8,800.20 |
| Unallocated Corporate Assets | 1,376.35 | 1,688.93 | 1,368.09 |
| Total Assets | 10,518.66 | 9,711.21 | 10,168.29 |
| Segment Liabilities (₹ cr) | Q1 FY26 | Q1 FY25 | FY25 |
|---|
| Lead acid batteries & allied products | 2,613.08 | 2,379.45 | 2,430.53 |
| New energy business | 124.25 | 93.16 | 127.30 |
| Total Segment Liabilities | 2,737.33 | 2,472.61 | 2,557.83 |
| Unallocated liabilities | 228.04 | 134.69 | 221.33 |
| Total Liabilities | 2,965.37 | 2,607.30 | 2,779.16 |
| Capital Employed (Assets - Liabilities) | 7,553.29 | 7,103.91 | 7,389.13 |
5. Capex, Projects, Corporate Activity
- No explicit disclosures on capital expenditure (capex) or ongoing/planned projects in this filing.
- No mention of writedowns, writebacks, impairments, or provisions in Q1 FY26 or Q4 FY25.
- No acquisitions, disposals, divestitures, mergers, or restructuring efforts reported.
- Unallocable corporate expenses include donations and CSR expenses.
- No strategic shifts or cost-cutting measures disclosed.
6. Standalone vs Consolidated
- Both standalone and consolidated unaudited financial results are provided.
- Consolidated results include four wholly-owned subsidiaries.
- Consolidated revenue and profit are slightly higher than standalone, reflecting subsidiary contributions.
- Consolidated segment reporting is provided; standalone segment data is not disclosed.
- Auditor’s limited review covers both standalone and consolidated results.
Summary for Investment Analysis Team
| Aspect | Key Highlights |
|---|
| Auditor’s Opinion | Unmodified limited review report; no qualifications or concerns. |
| Revenue Growth | Q1 FY26 consolidated revenue ₹3,401 cr, up 4.4% QoQ and slightly down YoY (₹3,263 cr in Q1 FY25). |
| Profitability | Q1 FY26 consolidated net profit ₹165 cr, up 2% QoQ, down 34% YoY; standalone net profit ₹194 cr. |
| Margins | EBITDA margin ~11.6% Q1 FY26 (standalone), down from 13.9% YoY; operating profit margin 7.8%. |
| Segment Performance | Lead acid batteries segment profitable; new energy segment loss widened to ₹35 cr in Q1 FY26. |
| Balance Sheet | Capital employed increased to ₹7,553 cr (consolidated) vs ₹7,103 cr YoY; total assets ₹10,519 cr. |
| Exceptional Items | None in Q1 FY26; FY25 had ₹111 cr exceptional charge. |
| Other Comprehensive Income | Volatile due to FVTOCI investments and defined benefit plan remeasurements. |
| Subsidiaries | Two subsidiaries’ interim results unaudited but immaterial. |
| No material changes | No accounting policy changes, no capex/project updates, no restructuring or M&A activity disclosed. |
Actionable Points:
- Monitor new energy business segment losses and management commentary in future filings.
- Watch margin trends as EBITDA margin declined YoY.
- No auditor concerns; financials reliable for analysis.
- No major corporate actions or capex updates; likely stable operational focus.
- Consolidated results provide a comprehensive view including subsidiaries.
Please advise if further deep-dive into segment profitability or cash flow analysis is required.