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Earnings · Batteries · Mid cap

Amara Raja posts 16% Q4 revenue growth, recommends ₹5.2 dividend

Q4 FY26 revenue up 16% year-on-year, full-year growth at 9%. The company recommends a final dividend of ₹5.2 per share.

1 earlier story on Amara Raja Energy & Mobility Ltd.
Mkt cap₹15,279 cr
P/E17.06×
ROE12.78%
Debt / eq.0.02
Div yld1.25%
₹5.2 / share Final dividend recommended for FY26.

What's new

  • Q4 FY26 revenue grew 16% year-on-year.
  • Full-year FY26 revenue grew 9% year-on-year.
  • Board recommends a final dividend of ₹5.2 per share.

Why this matters

The quarterly revenue beat is solid, but the full-year 9% growth indicates the quarterly surge was a finish-line spurt. For a company investing heavily in new energy ventures like a BESS plant, the dividend keeps a return-of-cash promise while the capex cycle plays out.

What we're watching

  • Capex execution timeline for the Giga Corridor and BESS plant.
  • How the new energy segment contributes to margins in coming quarters.
  • Whether the 16% Q4 revenue momentum carries into FY27.

The full read

Amara Raja closed FY26 with 16% revenue growth in the fourth quarter and 9% for the full year. The board has recommended a final dividend of ₹5.2 per share. The filing is largely a confirmation of numbers already disclosed. The incremental detail is on its new energy business, including updates on a Giga Corridor and a BESS plant timeline. For a mid-cap balancing legacy battery business with new ventures, the key data points are the solid quarterly finish, the steady full-year growth, and the continued dividend payout while major capex commitments loom.

Questions answered

What were Amara Raja's full-year and quarterly revenue growth rates?
Revenue grew 9% year-on-year for the full year FY26. The fourth quarter was stronger, with 16% year-on-year revenue growth.
What dividend has the board recommended?
The board has recommended a final dividend of ₹5.2 per share for FY26.
Is there any update on the company's new energy projects?
The press release mentions progress on the Giga Corridor and a timeline for a BESS plant. These are incremental updates on previously announced projects.
Mentioned: Amara Raja Energy & Mobility · ₹5.2 dividend · Giga Corridor, BESS plant
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Amara Raja Energy & Mobility Ltd.

Batteries
₹15,680 cr
P/E 17.50×

Latest quarter · Mar 2026

Sales₹3,536 cr
Net profit₹314 cr
Op. margin+10.9%
EPS₹17.18

Strength & growth

Debt / equity0.02×
Current ratio1.84×
Sales CAGR+11.2%
EPS CAGR−0.1%
Financials via Tijori — a research aid, not investment advice.ARE&M on Tijori

Story so far

All notes on ARE&M →
  1. 25 May 2026 · 8:22 PM IST Amara Raja posts 16% Q4 revenue growth, recommends ₹5.2 dividend
  2. 45d ago Amara Raja pivots energy strategy after Gotion partnership collapses