Amara Raja Energy

Amara Raja Energy & Mobility's board approved a further ₹500 crore investment in its wholly owned subsidiary Amara Raja Advanced Cell Technologies, in one or more tranches, taking the existing approval for gigafactories and plants to ₹2,500 crore. It also approved ₹50 crore for Amara Raja Power Systems to support additional operational and manufacturing requirements, doubling the existing approval for that subsidiary to ₹100 crore. ARACT had received ₹150 crore during the first quarter of FY27, taking cumulative investment to ₹1,650.01 crore. The company's consolidated FY26 revenue was ₹13,814 crore, of which its new-energy business contributed ₹809 crore.

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Amara Raja Advanced Cell Technologies, a subsidiary of Amara Raja Energy & Mobility, commissioned its Customer Qualification Plant at the Giga Corridor in Telangana on July 15, marking a step toward commercial lithium-ion cell production. The 60 MWh facility, built with an investment of around ₹500 crore, will produce cells in cylindrical and prismatic formats for customer validation, with supply to OEMs expected from August 2026. The CQP bridges the gap between laboratory research and the company’s first 2 GWh plant, which is scheduled to begin production next year as part of a ₹9,500 crore gigafactory programme. Telangana Chief Minister A. Revanth Reddy inaugurated the facility, underscoring the state's push for advanced battery manufacturing.

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July 15 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• AMARA RAJA ENERGY & MOBILITY LTD- COMMISSIONS CUSTOMER QUALIFICATION PLANT AT GIGA CORRIDOR IN TELANGANA

• AMARA RAJA ENERGY & MOBILITY - INVESTS 5 BLN RUPEES IN FACILITY AS PART OF 95 BLN RUPEES GIGAFACTORY PROGRAMME

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By Aditi Shah

NEW DELHI, June 24 (Reuters) - Chinese automakers may be shut out of India, but their electric-vehicle technology is starting to make inroads in the world's third-largest car market.

New Delhi has largely blocked Chinese companies from entering the market since 2020 and now Beijing is clamping down on the export of its tech know-how. Yet ties between the two countries' carmaking industry are only growing.

Tata Motors said earlier in June it will use Chery's carmaking platform to manufacture premium EVs in India. The deal doesn't involve an equity stake, and both companies stressed it is a supply arrangement without any transfer of technology know-how to Tata, highlighting the political sensitivities.

India ramped up scrutiny of Chinese businesses after a 2020 border clash between the two countries killed soldiers on both sides. While New Delhi and Beijing are working to improve ties, some friction remains.

"If India wants to expand its manufacturing sector and be a bigger part of the global supply chain, partnership with China is inevitable. If Chinese companies want to be global leaders, they cannot wish away India and its economic potential," said Santosh Pai, partner at law firm Dentons Link Legal.

For Tata, India's third-largest automaker, Chery's platform offers a quicker way to launch EVs. Tata plans to eventually shift from relying on imported kits from China to developing components locally - a move seen favourably by some Indian policymakers because it would boost Indian manufacturing.

"We are supportive of deals that lead to more local manufacturing or supply-chain shifts down the road. That is a good way to approach China," said a senior Indian government official.

For Chinese carmakers grappling with a slowdown at home and excess manufacturing capacity, such deals could be the answer to boosting revenue without violating Beijing's export control orders.

Tata TAMO.NS and Chery 9973.HK did not respond to requests for comment.

GROWING MARKET

The Tata-Chery deal shows that, despite its best efforts, India can't keep China's EV industry completely out.

The world's most advanced EV industry is likely to continue to make inroads into India, a huge and still growing market.

That's bad news for Japanese automakers and others who are investing big in India – in part because they don't face major competition from Chinese rivals there now.

Chinese EV makers understand the importance of gaining a foothold in India through such supply deals, said Gao Hua, a former director at China SAE and now an independent analyst.

"If Chinese firms don't participate, others from different countries will step in," Gao said.

Chinese partnerships are increasingly appearing in sectors long dominated by Japanese, Korean and European firms, and they are challenging the incumbents with technologies that many analysts say are cheaper and faster to deploy.

For instance, Indian component maker Uno Minda UNOI.NS has a joint venture with China's Inovance 301656.SZ to manufacture EV powertrains in India - a sector where Bosch BOSH.NS, Nidec 6594.T and Aptiv APTV.BN are already present.

BATTERY CO-OPERATION HALTED

Technology licensing deals between India and China started to gain traction in the aftermath of the 2020 investment restrictions.

But it wasn't all smooth sailing. In 2025, Beijing's export control curbs in retaliation to Trump's tariffs, forced Indian battery maker Amara Raja AMAR.NS to end its licensing deal with China's Gotion 002074.SZ for lithium-ion cell technology for EV batteries.

"All technical collaboration has stopped," Amara Raja's executive director Vikramadithya Gourineni told Reuters.

"The main things we were able to take away was understanding on factory and line layouts, technology roadmaps ... and connecting to the vendor base," Gourineni said.

Because the licensing deal was no longer possible, Amara Raja is instead ramping up investment in in-house R&D and talent, he said.

The company is now importing equipment, battery cells and other material from Chinese suppliers to meet its cell manufacturing ambitions, but it struggles to get enough visas for engineers to come from China for operational support.

CHERY'S OTHER INDIAN PARTNER

Last year, steel-to-cement billionaire Sajjan Jindal's maiden carmaking venture, JSW Motor, agreed to a partnership with Chery similar to Tata's.

Under the deal, JSW has secured rights to use and adapt multiple Chery platforms to build a range of hybrids and EVs for India, sources familiar with the plans told Reuters. This involves an upfront payment of about 20 billion rupees ($209 million) plus royalties, one of the people added.

JSW, which is investing $3 billion in the venture, is targeting sales of 300,000 vehicles by 2030, the sources said.

The initial vehicles will largely come as imported kits from Chery with JSW gradually building out an Indian supply chain and scaling up car production at its factory in western India, they added.

JSW Motor and Chery did not respond to requests for comment.

"This highlights the importance of nuanced approaches. Cutting ties is not always the best option," Gao said.

(Reporting by Aditi Shah in New Delhi and Zoey Zhang in Shanghai, additional reporting by Shivangi Acharya in New Delhi; editing by David Dolan and Stephen Coates)

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** Shares of India's Amara Raja Energy and Mobility AMAR.NS down 1.32% at 877 rupees

** Battery maker reported 93.2% y/y growth in Q4 profit, revenue rose 16.3% y/y

** JPMorgan ("neutral", PT raised to 925 rupees from 855 rupees) says rising raw material costs, challenges in technology transfer for lithium iron phosphate battery cells could weigh on execution, even as battery energy storage systems business gains traction

** Nomura ("neutral", PT: 942 rupees) says investors remain optimistic on the company's lithium-ion push, but risks around technology shifts, low returns in battery storage systems and margin pressure in the core lead-acid business remain elevated

** YTD, AMAR stock down 3.18%

(Reporting by Surbhi Misra in Bengaluru)

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** Battery maker Amara Raja Energy & Mobility AMAR.NS shares rise 2.5% to 905.35 rupees, building on gains from the previous session

** On Monday, co reported a 16.3% jump in fourth-quarter revenue from operations; profit after tax jumped 93.2%

** Declares dividend of 5.2 rupees/share

** "Geopolitical developments in key Middle East markets created certain challenges," Harshavardhana Gourineni, the company's executive director – automotive and industrial, said in a statement

** The lithium-ion battery market in India is expected to reach 908.01 billion rupees by 2030, expanding at a CAGR of ~22.72% during the 2025–2030 period, according to Netscribes

** AMAR trades at a forward 12-months PE of 17.74 vs industry median of 32.37

** Six of 13 brokerages rate the stock "Buy" or higher, 4 "Hold," and 3 "Sell" or lower; their median PT is 971 rupees - data compiled by LSEG

** YTD, stock down 0.4% vs 3.8% fall in Nifty 500 Index .NIFTY500

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of India's Amara raja AMAR.NS up 5.71% to 815.7 rupees

** Battery maker is targeting 2027 for its first bulk production of lithium-ion cells, executive director Vikram Gourineni told The Economic Times in an interview

** Co to begin EV cell production at a megawatt-hour scale in 2026; aims 2 GWh bulk output from first gigafactory in 2027 and would predominantly serve electric two-wheeler segment, ET reports

** Trading vols at 3 million shares, about 6x the 30 day avg of 503,794 shares

** AMAR rated "hold" on avg by 12 analysts, median PT 950 rupees - data compiled by LSEG

** YTD stock down ~15%

(Reporting by Devika Nair in Bengaluru)

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April 21 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• AMARA RAJA ENERGY & MOBILITY- CROSSES 1 GWH LITHIUM STORAGE DEPLOYMENT IN INDIA’S TELECOM NETWORKS

Further company coverage: AMAR.NS

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Jan 19 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• AMARA RAJA ENERGY & MOBILITY LTD - GETS ORDER SEEKING TAX, PENALTY OF 110.3 MILLION RUPEES EACH

Source text: ID:nBSE6bN9cQ

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Dec 31 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• GETS TAX PENALTY FOR 44 MILLION RUPEES

Source text: ID:nBSEb15WyL

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Nov 6 (Reuters) - India's Amara Raja Energy and Mobility AMAR.NS reported a bigger-than-expected rise in second-quarter profit on Thursday, driven by increased demand from automotive manufacturers following India's tax reforms.

The company, which makes Amaron-branded car batteries, reported profit rose 25.6% to 3.02 billion rupees ($34.36 million) in the quarter ended September.

Analysts, on average, expected 2.12 billion rupees, according to data compiled by LSEG.

India announced tax cuts on hundreds of consumer items in September, ranging from soaps to small cars to spur domestic demand. As a result, Indian dealers' passenger vehicles and two-wheeler sales to customers recorded upbeat growth towards the end of the quarter.

Analysts noted that battery demand from original equipment manufacturers (OEMs) had risen following recent reductions in consumption tax.

Amara Raja, which counts top automakers, including Bajaj Auto BAJA.NS, Hero MotoCorp HROM.NS, Maruti Suzuki MRTI.NS as its clients, derives around 70% of its revenue from the automotive battery business.

The Hyderabad-based company's revenue from operations climbed 8% to 33.88 billion rupees.

The company, which also makes industrial batteries for sectors such as telecommunications and railways, said cost of materials consumed grew 11.8% in the quarter, pushing total expenses up by 10.5% to 31.29 billion rupees.

Analysts also noted that the company was affected by higher power costs.

Rival Exide Industries EXID.NS is yet to report its quarterly results.

($1 = 87.8950 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Janane Venkatraman)

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Aug 14 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• AMARA RAJA ENERGY & MOBILITY Q1 NET PAT 1.94 BILLION RUPEES; IBES EST 2.28 BILLION RUPEES

• AMARA RAJA ENERGY & MOBILITY Q1 REVENUE FROM OPERATIONS 33.5 BILLION RUPEES; IBES EST 33.93 BILLION RUPEES

Source text: [ID:]

Further company coverage: AMAR.NS

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** Amara Raja Energy and Mobility AMAR.NS shares drop 3.8% to 189.5 rupees

** Battery maker's Q4 results: 27% profit drop; 10% climb in costs overshadows 6% revenue rise

** On avg, stock rated "hold" same as that of rival Exide EXID.NS - data compiled by LSEG

** YTD, AMAR down nearly 13% vs EXID's around 7% slide

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of battery makers Exide Industries EXID.NS and Amara Raja Energy AMAR.NS jump as much as ~5% before easing to ~1% gains

** Central Board of Direct Taxes includes lithium-ion batteries used in EVs, hybrids as core auto parts, which, say analysts, will bring tax advantages and boost sector's investment appeal

** "Move is beneficial for battery makers and the EV sector as it is expected to provide greater tax certainty," says Elara Capital

** EXID and AMAR are down 12.4% and 11.1% in 2025 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Amara Raja Energy & Mobility AMAR.NS falls 3.4% to 997.7 rupees

** Co on Sunday reported drop in Q3 EBITDA margin to 12.4% from year-ago 15%

** Post earnings call, Morgan Stanley says battery maker's management seeing continued margin headwinds in Q4 from currency depreciation, fuel purchase agreements

** J.P. Morgan lowers valuation of co's cell business from 278 rupees/share to 199 rupees/share on delay in co's gigafactory commissioning

** Motilal Oswal cautious about potential returns from co's lithium-ion initiative

** At least six brokerages, including J.P. Morgan and Motilal Oswal, cut PT after earnings call - LSEG

** Stock rated "hold" on avg

** AMAR down ~17% YTD

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Indian battery makers rise as Finance Minister Nirmala Sitharaman says battery-related raw materials will be fully exempted from custom duties

** Shares of Amara Raja Energy & Mobility AMAR.NS and Exide Industries EXID.NS up 3.4% and 3.6%, respectively

** Custome duty exemption proposed for cobalt powder and waste, scrap of lithium-ion battery, lead, zinc and 12 more critical minerals

** 35 additional capital goods for EV battery manufacturing will be added to list of exempted capital goods

(Reporting by Aleef Jahan in Bengaluru)

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By Nick Carey

VODERADY, Slovakia, Dec 20 (Reuters) - Northvolt's financial collapse has not entirely crushed Europe's dream of developing its own electric vehicle batteries but fulfilling it is likely to require Chinese cash and expertise.

InoBat CEO Marian Bocek's Slovakian start-up had to work hard to secure funding until China's fifth-largest battery maker Gotion 002074.SZ bought a 25% stake last year and formed a joint venture with InoBat to build European gigafactories.

On Friday, InoBat announced 100 million euros ($104 million) in Series C funding, taking its total raised to well over 400 million euros.

Coming just weeks after Northvolt's downfall, the investment shows European EV battery projects can still raise money.

But instead of an independent European industry, the norm in future may be joint ventures that likewise rely on China's low-margin EV battery dominance, according to interviews with a dozen executives, investors and analysts.

They cited the Gotion-InoBat Batteries (GIB) tie-up and a deal announced last week between Stellantis STLAM.MI and CATL 300750.SZ.

Battery startups are "just not the flavour of the month," said Lacie Midgely, a research analyst at UK investment bank Panmure Liberum. "Institutional investors are looking for strategic investors before they'll get on board."

In 2023, Hefei-based Gotion had around 150 gigawatt hours (GWh) of nominal battery capacity, enough to produce batteries for between 1.5 million and 2 million cars.

Morningstar analyst Vincent Sun forecasts it should hit 270 GWh in 2025 - dwarfing Europe's current capacity.

"It made a big difference that InoBat has a partner like Gotion on board," said Vikram Gourineni, executive director at Indian battery maker Amara Raja AMAR.NS, a lead investor in InoBat's Series C round. Amara Raja also participated in InoBat's Series B round and has signed a licensing deal for GIB battery technology.

Gourineni said high-profile failures by start-ups like Northvolt and Britishvolt have left automakers demanding proven scale "because they don't want to risk their EV programmes".

InoBat has a pilot production line making high-performance EV batteries in Voderady, near Bratislava, and will also be Gotion's "European face" for larger gigafactories, Bocek said.

"Investors look at us and see our big brother (Gotion) will ensure our cells get produced," Bocek told Reuters.

MAJOR BLOW

Sweden's Northvolt raised more than $10 billion but failed in its plans to mass-produce EV batteries and compete with China's experienced and deep-pocketed BYD 002594.SZ and CATL 300750.SZ.

That has left investors questioning other battery projects as the energy transition proceeds more slowly than expected.

At least eight companies have postponed or abandoned European EV battery projects this year, including joint venture ACC, led by Stellantis and Mercedes-Benz MBGn.DE.

Europe's battery pipeline capacity out to 2030 has fallen by 176 GWh in 2024, according to data firm Benchmark Minerals.

But other projects are slowly gearing up.

France's Verkor, backed by customer Renault RENA.PA, has secured around 3 billion euros for a 16 GWh gigafactory in Dunkirk that will produce batteries for 300,000 EVs annually when completed around 2028.

Verkor must show it can deliver to Renault before a "significant number" of potential automaker customers sign up, CEO Benoit Lemaignan said, adding: "They are happy to interact with us, but they want to see the product first."

Britain's Ilika IKA.L will provide test EV battery cells in 2025 to 17 automakers and battery makers, including Tata Motors TAMO.NS unit Agratas.

Rather than building a gigafactory, Ilika wants licensing agreements to mass-produce its solid-state batteries, CEO Graeme Purdy told investors during an early December tour of its pilot production line. It already has such a deal with U.S. firm Cirtec Medical, which will start producing tiny batteries for medical devices next year.

Michael Rae, a clean-tech fund manager at M&G who was on the tour, said Ilika currently falls below his fund's market cap threshold but could become an investment candidate.

Battery makers like Ilika must still win major automotive customers, he said, requiring a "totally different skillset".

MOVE FASTER

Gotion's expertise helps InoBat solve problems, said CEO Bocek, adding: "This helps us move faster and conserve cash."

He said high-performance European automakers including Ferrari RACE.MI are currently testing InoBat's energy-dense batteries, to be made at the low-volume, high-margin 4 GWh gigafactory the company is building in Voderady.

The GIB joint venture is meanwhile focused on high-volume, lower-margin production leveraging Slovakia's position as Europe's fourth-largest car producer and its proximity to German, Czech and Hungarian auto plants.

GIB plans a $1.2 billion 20 GWh gigafactory in Surany, Slovakia to provide batteries for 200,000 EVs annually from 2027 for Volkswagen, which owns 24.45% of Gotion. InoBat's portion is part-funded by Slovak government aid of 214 million euros.

Bocek said automaker interest in an additional, planned 20 GWh production line at Surany has grown, particularly since Northvolt ran into trouble.

Andy Leyland, co-founder of supply chain specialist SC Insights, said investors and automakers want to "de-risk production".

"The Chinese have mastered low-cost mass production, so if you want batteries made, most likely Asian battery makers will make them," he said.

($1 = 0.9619 euros)

(Editing by Josephine Mason and Catherine Evans)

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Dec 19 (Reuters) - Hyundai Motor Co 005380.KS:

• HYUNDAI MOTOR INDIA LTD - TO OFFER MADE-IN-INDIA AGM BATTERY

• HYUNDAI MOTOR INDIA LTD - TO EQUIP PRODUCTS WITH AMARON AGM BATTERIES

Source text: ID:nBSEbfz8c3

Further company coverage: 005380.KS

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** Shares of Amara Raja Energy & Mobility Ltd AMAR.NS drop 3.9% to 1,320.50 rupees

** Battery maker's Q2 profit grew 6.6% YoY, but was lower than analysts' expectation of a 15% increase, as per data compiled by LSEG

** Motilal Oswal says earnings miss driven by higher-than-expected other expenses, which offset unchanged raw material costs

** Analysts tracking AMAR rate it "hold" on average, same as rival Exide EXID.NS - LSEG data

** AMAR trims YTD gains to 63% but outperforms EXID's ~39% rise this year

(Reporting by Nandan Mandayam in Bengaluru)

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Nov 4(Reuters) - Indian battery maker Amara Raja Energy & Mobility AMAR.NS reported a 6.3% rise in second-quarter profit on Monday, aided by continued demand from automotive manufacturers.

The company's net profit rose to 2.41 billion rupees ($28.7 million) for the quarter ended Sept. 30, from 2.26 billion rupees a year earlier.

However, this is its slowest quarterly profit growth in a year as car manufactures moderated dispatches to dealers to help reduce high inventory during the quarter.

This also resulted in rival Exide Industries EXID.NS reporting a smaller-than-expected profit earlier in the day.

India's total vehicle production increased 9% in the September quarter, but slowed down sequentially from 16.1% in the first quarter, according to Society of Indian Automobile Manufacturers (SIAM), an industry body.

Amara Raja, which derives almost three-fourths of its revenue from its automotive battery business, counts top automakers including Bajaj Auto BAJA.NS, Hero MotoCorp HROM.NS and Maruti Suzuki MRTI.NS among its clients.

While Amara Raja's revenue from operations increased 11.6% to 31.36 billion rupees during the July-September period, this is its slowest growth since the December quarter.

Analysts say that the growth was driven by the company's aftermarket division - which includes replacing original equipment batteries - and a rise in its two-wheeler battery division.

Amara Raja's shares closed 2.2% lower ahead of its results. They have risen 68.4% so far this year, while those of Exide Industries EXID.NS jumped 40%.

($1 = 84.0840 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Sonia Cheema)

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** Shares of Indian motorcycle maker Bajaj Auto BAJA.NS fall 10% to 10,401 rupees; set for their worst day since March 2020, if losses hold

** Fall after BAJA's weak festive sales growth outlook at just 3%-5% against industry expectations of at least 8%

** BAJA top pct loser on Nifty auto index .NIFTYAUTO and Nifty 50 index .NSEI, which are down 2.8% and 0.5%, respectively

** Forecast drags rivals Hero MotoCorp HROM.NS and TVS Motor TVSM.NS down 3.7% and 4.7%, respectively

** Nifty auto index set for worst day since early Aug

** Tyre-makers CEAT CEAT.NS, MRF MRF.NS and Apollo Tyres APLO.NS fall between 0.4% and 2%.

** Battery makers Exide Industries EXID.NS and Amara Raja Energy & Mobility AMAR.NS fall ~2% each

** Auto-focussed lender Shriram Finance SHMF.NS falls 1.6%

(Reporting by Dimpal Gulwani in Bengaluru)

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July 16 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• APPELLATE TRIBUNAL ALLOWED APPEAL OF CO, SETS ASIDE TAX ORDER

Source text for Eikon: ID:nBSE2TnpsP

Further company coverage: AMAR.NS

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BENGALURU, June 25 (Reuters) - Indian shares were marginally higher at open on Tuesday, led by financial stocks, while the small-cap index jumped due to a 15% surge in Amara Raja Energy.

The NSE Nifty 50 index .NSEI was up 0.25% at 23,600 as of 09:23 a.m. IST, and the S&P BSE Sensex .BSESN increased 0.3% to 77,554.

The domestically focussed small-cap index .NIFSMCP100 jumped 1%, led by gains in Amara Raja Energy and Mobility AMAR.NS.

Amara Raja's shares advanced 15% after the battery maker signed a licensing agreement with a unit of China-based Gotion High Tech 002074.SZ to produce lithium-ion batteries in India.

Financial stocks .NIFTYFIN gained 0.4%, while metal stocks .NIFTYMET rose 0.5% and was the top sectoral gainer.

(Reporting by Sethuraman NR in Bengaluru; Editing by Savio D'Souza)

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BENGALURU, June 24 (Reuters) - Indian battery maker Amara Raja Energy and Mobility AMAR.NS said on Monday it signed a licensing agreement with Gotion-InoBat-Batteries (GIB), a unit of China-based Gotion High Tech Co 002074.SZ, to produce lithium-ion batteries in India.

GIB EnergyX Slovakia, a joint venture between Gotion and Slovakia-based InoBat, will license Gotion's lithium iron phosphate technology for lithium-ion cells to a unit of Amara Raja, the Indian battery maker added.

Under the licensing agreement, the Indian company will get access to cell technology IP, support for establishing Gigafactory facilities, and be integrated into Gotion's global supply chain network.

Gotion, whose largest shareholder is the German automaker Volkswagen VOWG_p.DE , specializes in lithium-ion rechargeable batteries for new energy vehicles.

Indian automakers mostly import EV batteries from China and South Korea and, along with domestic battery suppliers, have been investing in developing lithium-ion battery production capabilities within the country.

Amara Raja’s rival Exide Energy Solutions EXID.NS partnered with SVOLT in 2022 to build its own lithium-ion battery plant, which is expected to begin operations later this year.

In April, the South Korean auto duo, Hyundai Motor Co 005380.KS and Kia Corp 000270.KS signed a memorandum of understanding with Exide Energy Solutions to supply batteries for their electric vehicles, to boost competitiveness in the Indian auto market.

Earlier this year, Reliance Industries RELI.NS, JSW Neo Energy and Amara Raja Advanced Cell Technologies were among seven companies that submitted bids to set up battery manufacturing gigafactories in India.

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Tasim Zahid)

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** Shares of battery maker Amara Raja Energy & Mobility AMAR.NS rises 2.3% to 1,433 rupees

** Stock rose as much as 4.6% at open

** AMAR on Thursday said it invested a further 20 mln euros, which includes a subscription for an additional 4.5% equity stake, in European battery tech company InoBat AS

** Adds, after this investment, AMAR's total holding will be around 9.32% of its equity stake in InoBat AS

** Avg rating of 14 analysts equivalent of "hold", median PT is 1,200 rupees - LSEG data

** Stock up ~75% YTD

** Stock up 88.2% so far this quarter vs fall of 6.8% in March quarter

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Amara Raja Energy & Mobility AMAR.NS rise 10.7% to a fresh record high of 1,413.9 rupees

** Stock gained 29% in last three sessions, hitting a record high on Thursday

** Jayadev Galla, MD of Amara Raja, was a former MP from the local Telugu Desam Party (TDP), whose victory in general elections made it a key player in forming the national government; Galla did not contest in this election

** Stock up 21% so far this week, eyes best weekly gain since Aug. 17, 2012

** More than 8.1 mln shares change hands, 4.2x 30-day avg

** Analysts covering stock have "hold" rating on avg; AMAR currently trading at ~20% premium to median PT of 1,200 rupees - LSEG data

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Amara Raja Energy & Mobility AMAR.NS fall 2.7% to 1,213.8 rupees

** Battery maker's net profit rises ~62% to 2.28 bln rupees ($27.4 mln) in Q4, but misses analysts' avg estimate of 2.33 bln rupees, as per LSEG data

** Co hurt by 15% surge in total expenses

** Q4 rev from ops up 15% Y/Y but misses estimates too

** Thirteen analysts covering the stock on avg have a "hold" rating; median PT is 967 rupees - LSEG data

** Stock down 6.8% in March quarter

($1 = 83.3105 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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May 28 (Reuters) - Amara Raja Energy & Mobility Ltd AMAR.NS:

• Q4 NET PAT 2.28 BILLION RUPEES; LSEG IBES EST 2.33 BILLION RUPEES

• Q4 REVENUE FROM OPERATIONS 27.97 BILLION RUPEES; LSEG IBES EST 28.79 BILLION RUPEES

• YEAR AGO Q4 NET PAT 1.41 BILLION RUPEES, REVENUE 24.33 BILLION RUPEES

• DIVIDEND OF 5.1 RUPEES PER SHR

Source text for Eikon: ID:nBSE8ShdBc

Further company coverage: AMAR.NS

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