Exide Industries Q1FY26 Net Profit Rises 15% YoY to ₹320 Cr; Revenue Grows 4.6%

Kolkata, August 5, 2025 – Exide Industries Ltd (NSE: EXIDEIND, BSE: 500086) reported a 14.6% year-on-year (YoY) jump in standalone net profit for the quarter ended June 30, 2025 (Q1FY26), reaching ₹320.45 crore, supported by robust demand in solar, UPS, and replacement battery segments. Revenue from operations rose 4.6% YoY to ₹4,509.81 crore, while EBITDA improved 10.9% YoY to ₹548 crore.

Consolidated Financial Performance

Exide Industries reported a 5.9% year-on-year increase in revenue from operations, reaching ₹4,695.12 crore in Q1FY26, compared to ₹4,435.71 crore in Q1FY25. Profit After Tax (PAT) rose by 24.4% to ₹274.58 crore, up from ₹220.75 crore in the same quarter last year. Earnings Per Share (EPS) improved to ₹3.21 from ₹2.59 in Q1FY25.

Total Comprehensive Income witnessed a significant surge, rising to ₹1,241.37 crore in Q1FY26 from ₹692.53 crore in Q4FY25 and a loss of ₹76.46 crore in Q1FY25. This sharp increase was primarily driven by fair value gains recorded under Other Comprehensive Income (OCI), which amounted to ₹966.79 crore and were not routed through the profit and loss account. The consolidated PAT also includes a minor contribution of ₹0.34 crore from associate entities.

Segment-Wise & Operational Highlights

The company reported strong performance in its auto replacement and industrial UPS segments, both delivering double-digit growth, which helped offset the subdued demand in the OEM business from passenger and two-wheeler manufacturers. The solar division led overall growth, driven by favourable government initiatives. Additionally, the industrial infrastructure sector witnessed a year-over-year recovery due to better order inflow and execution. However, performance in telecom and exports remained under pressure, impacted by ongoing geopolitical shifts and evolving technology transitions.

Lithium-ion Cell Project Update

Exide invested ₹300 crore in Q1FY26 and an additional ₹100 crore in July 2025 in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL). The cumulative investment now stands at ₹3,702.23 crore, including contributions to the merged entity EEPL. The lithium-ion cell manufacturing facility is progressing steadily, and the company expects commercial production by the end of FY26.

Management Commentary

“Q1FY26 was characterised by tough macroeconomic conditions and input cost pressures. Yet, we maintained double-digit growth in core segments and delivered a stable financial performance with strong cash flows and a zero-debt position,” said Avik Kumar Roy, MD & CEO, Exide Industries Ltd.

He added that Exide continues to focus on better product mix, cost efficiencies, and technology upgrades, which are beginning to yield results and will become fully operational later this fiscal year.

Strategic Outlook

Exide Industries anticipates an improvement in demand conditions in the second half of FY26. The company is actively pursuing collaborations with OEMs and energy providers to strengthen its presence in the lithium-ion battery segment. To support this strategic focus, Exide is planning to scale up production capacity through targeted manufacturing investments, with a strong emphasis on automation and operational efficiency.

Share Price Performance

As of 2:30 pm on August 5, 2025, the company’s share price had decreased from its previous close of ₹390.80, trading at ₹377.40 with a 3.45% decline in the share price. The share opened at ₹391.35 and traded at the highest of ₹395.50, while the lowest price was ₹377.00. The company’s shares are trading at a volume of 36,54,240, with a PE ratio of 2.39, compared to the industry average of 35.29.

Company Overview

Exide Industries Limited, listed on the NSE and BSE, is a market leader in lead-acid storage batteries across automotive, industrial, and infrastructure verticals. Its international footprint spans 63 countries. The company is actively investing in green energy solutions, notably lithium-ion battery manufacturing under its subsidiary EESL, targeting EV and stationary power segments.

REF: https://nsearchives.nseindia.com/corporate/EXIDEIND_05082025132807_sdBOARDMEETINGOUTCOME050825.pdf

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