News ArticleAmara Raja Energy & Mobility Declares Rs. 4.30 Interim Dividend and Subsidiary Approves Rs. 2,320 Crore Capex to Expand Battery Manufacturing
Q2 FY2026-27 unaudited financials released; capex to increase pack capacity from 4 Gwh to 9 Gwh with LFP cell plant at Telangana’s Giga Corridor, scheduled within 30 months
Amara Raja Energy & Mobility Limited announced unaudited standalone and consolidated financial results for quarter and half year ended September 30, 2026. The Board declared an interim dividend of Rs. 4.30 per equity share for FY2026-27 payable by December 1, 2026, with a record date on November 6, 2026. Its subsidiary Amara Raja Advanced Cell Technologies approved Rs. 2,320 crore capex to boost manufacturing capacity and establish a new lithium iron phosphate cell plant at Telangana's Giga Corridor, targeting completion within 30 months.
Amara Raja Energy & Mobility Limited
Financial Results
Amara Raja Energy & Mobility Limited announced its unaudited financial results for Q2 and H1 ended September 30, 2026, along with declaring an interim dividend of Rs. 4.30 per equity share for FY2026-27. Its wholly owned subsidiary approved a substantial capex of Rs. 2,320 crore to significantly expand manufacturing capacity and build a lithium iron phosphate cell facility at its Telangana Giga Corridor site.
The Board meeting on November 2, 2026, approved the standalone and consolidated unaudited financial results as per SEBI regulations, accompanied by a limited review report from joint statutory auditors.
The declared interim dividend of Rs. 4.30 per fully paid equity share with face value Re.1 each represents a 430% payout, with a record date set for November 6, 2026, and payment scheduled on or before December 1, 2026.
Amara Raja Advanced Cell Technologies Limited, the company's wholly owned subsidiary, sanctioned a capital expenditure of Rs. 2,320 crore. This investment aims to increase pack manufacturing capacity from 4 Gwh to 9 Gwh and to establish a lithium iron phosphate (LFP) cell manufacturing plant at the Amara Raja Giga Corridor in Telangana.
The new manufacturing plants are planned to be operational within the next 30 months and will be financed through a combination of equity and debt, aligning with the company’s 'Energy & Mobility' roadmap to establish an integrated energy ecosystem in India.
Highlights
- Interim dividend of Rs. 4.30 per equity share declared for FY2026-27.
- Record date set as November 6, 2026, for interim dividend entitlement.
- Payment of interim dividend by December 1, 2026.
- Subsidiary approved Rs. 2,320 crore capex to expand battery pack capacity from 4 Gwh to 9 Gwh.
- New LFP cell manufacturing plant to be set up at Giga Corridor, Telangana.
- Capex completion timeline targeted within 30 months, funded by equity and debt mix.
Key Data Snapshot
What happened
- Amara Raja Energy & Mobility approved unaudited standalone and consolidated financial results for quarter and half-year ended September 30, 2026.
- The Board declared an interim dividend of Rs. 4.30 per equity share for the financial year 2026-27.
- The record date for dividend eligibility fixed at November 6, 2026, with dividend payable on or before December 1, 2026.
- The wholly owned subsidiary Amara Raja Advanced Cell Technologies approved Rs. 2,320 crore capex for capacity expansion and a new LFP cell plant.
- The planned capacity upgrade increases pack manufacturing from 4 Gwh to 9 Gwh.
- The new manufacturing plants at Telangana's Giga Corridor aim for completion within 30 months.
- Capex financing to come from a combination of equity and debt.
Regulatory and governance context
- Financial results disclosed pursuant to Regulation 33 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
- Dividend declaration follows Regulations 30, 42, and 43 of SEBI LODR Regulations.
- Limited review report on results issued jointly by Price Waterhouse Chartered Accountants LLP and K.S. Rao & Co.
- Meeting held on November 2, 2026, commenced at 2:00 PM IST and concluded at 5:30 PM IST.
Highlights
- Interim dividend of Rs. 4.30 per equity share declared for FY2026-27.
- Record date set as November 6, 2026, for interim dividend entitlement.
- Payment of interim dividend by December 1, 2026.
- Subsidiary approved Rs. 2,320 crore capex to expand battery pack capacity from 4 Gwh to 9 Gwh.
- New LFP cell manufacturing plant to be set up at Giga Corridor, Telangana.
- Capex completion timeline targeted within 30 months, funded by equity and debt mix.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulations 30, 33, 42, and 43
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