Exide Industries Q1 PAT rises 28% to Rs 351 cr

New Delhi: Battery maker Exide Industries Ltd on Thursday reported a 28 per cent rise in consolidated profit after tax at Rs 351.3 crore in the first quarter ended June 30, on the back of strong sales.

The company had posted a consolidated Profit After Tax (PAT) of Rs 274.58 crore in the corresponding quarter previous fiscal, Exide Industries Ltd said in a regulatory filing.

Revenue from operations in the first quarter was at Rs 5,528.38 crore as against Rs 4,695.12 crore in the year-ago period, it added.

Total expenses in the first quarter were higher at Rs 5,068.78 crore as compared to Rs 4,338.12 crore in the same period a year ago, the company said.

Increased affordability and positive sentiment from GST 2.0 reforms continued to drive demand for automotives into the new financial year, Exide Industries said.

Commenting on the performance, Exide Industries MD & CEO Avik Roy said, “We have entered FY27 with confidence, building on the strong momentum achieved in the second half of FY26. The continued benefits of GST rationalisation have further strengthened end-customer demand across the automotive sector, with the replacement market remaining robust.” Growth opportunities also remain encouraging across automotive OEMs (original equipment manufacturers), home inverters, industrial UPS, solar, other infrastructure-related projects and exports, he added.

There were headwinds across all key raw material costs, amidst prolonged disruption due to the West Asia conflict, the company said, adding rupee’s depreciation against the US dollar added further pressure on input costs.

The company further said it took calibrated price adjustments to mitigate the impact of higher input costs, while continuing to accrue benefits from cost excellence initiatives, and supply-chain efficiencies.

Noting that macroeconomic conditions in India remained favourable, supported by positive rural and urban sentiment, Roy said,”While demand conditions remain encouraging, the company continues to closely monitor the evolving macroeconomic, commodity and currency environment.”

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