Stock Report

Exide Industries Reports Strong Q1 FY27 Results: Standalone Revenue Surges 17.6% YoY to ₹5,305 Crore, Net Profit Up 27.1%

Posted On : 2026-07-31 12:52:57( TIMEZONE : IST )

India's leading storage battery manufacturer Exide Industries Limited has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by broad-based demand momentum across key verticals and disciplined execution, the company delivered double-digit top-line expansion alongside margin improvement.

Standalone Financial Performance: Operational Leverage Drives Growth

Exide Industries registered strong standalone operational performance for Q1 FY27:

Revenue from Operations: Surged 17.6% year-on-year (YoY) to ₹5,305.05 crore compared to ₹4,509.81 crore in Q1 FY26 (and up 16.6% sequentially from ₹4,551.11 crore in Q4 FY26).

EBITDA: Expanded 19.5% YoY to ₹655 crore, up from ₹548 crore in the corresponding quarter of the previous year.

EBITDA Margin: Expanded by 20 bps YoY and 70 bps sequentially to 12.4%, supported by calibrated pricing adjustments, cost-excellence initiatives, and supply-chain efficiencies that helped offset raw material inflation and currency pressures.

Profit Before Tax (PBT): Increased 26.4% YoY to ₹543.32 crore compared to ₹429.70 crore in Q1 FY26.

Profit After Tax (PAT): Grew 27.1% YoY to ₹407.26 crore, up from ₹320.45 crore in Q1 FY26 and ₹312.44 crore in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS improved to ₹4.79 per share (Face value Re. 1/-), compared to ₹3.77 per share in Q1 FY26.

Consolidated Financial Highlights

On a consolidated basis, which includes the performance of its subsidiaries and associates:

Revenue from Operations: Grew 17.7% YoY to ₹5,528.38 crore in Q1 FY27, up from ₹4,695.12 crore in Q1 FY26.

Total Income: Reached ₹5,555.25 crore, compared to ₹4,722.69 crore in Q1 FY26.

Profit Before Tax (PBT): Advanced 26.5% YoY to ₹487.03 crore, compared to ₹384.91 crore in Q1 FY26.

Profit After Tax (PAT): Increased 27.9% YoY to ₹351.30 crore, up from ₹274.58 crore in Q1 FY26. PAT attributable to owners of the company stood at ₹350.47 crore.

Consolidated EPS: Stood at ₹4.12 per share, compared to ₹3.21 per share in Q1 FY26.

Key Business Segment Highlights

The company achieved broad-based growth momentum across all core divisions during Q1 FY27:

Automotive OEM Division: Delivered over 25% YoY growth for the third consecutive quarter, remaining one of the fastest-growing business segments for the company.

Aftermarket Replacement (2W/4W): Recorded its third consecutive quarter of double-digit growth, highlighting sustained consumer demand.

Industrial Infrastructure: Maintained low double-digit YoY growth (excluding Telecom), anchored by steady infrastructure-led industrial demand.

Inverters and Solar: Jumped by over 20% YoY, buoyed by robust summer demand and strategic market expansion.

Exports: Rebounded with a 20%+ YoY increase, benefiting from geographic expansion efforts and improved shipping routes.

Advanced Cell Manufacturing Expansion: Exide Energy Solutions (EESL) Update

Exide Industries continues to accelerate its capital allocation towards its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), which is setting up a multi-gigawatt lithium-ion cell manufacturing facility in Bengaluru:

Equity Infusion: The company infused an additional ₹100 crore of equity into EESL in July 2026, taking total cumulative equity investment in the project to ₹4,902 crore.

Gigafactory Milestones: 100% of the equipment across all four production lines has been delivered and installed at the Bengaluru gigafactory, with 100% of utilities fully operationalised.

Sample Deliveries & Certifications: The first NMC (Nickel Manganese Cobalt) cylindrical line commenced customer sample deliveries during Q1 FY27, while the LFP (Lithium Iron Phosphate) prismatic line initiated sample supplies for three-wheeler and telecom applications.

Key Approvals: EESL completed critical safety and quality certifications, including BIS (IS 16046, IS 16893, IS 16085) and UN 38.3. Revenue contributions from the facility are scheduled to commence within FY27.

Commenting on the performance, Mr. Avik Roy, MD & CEO, 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, home inverters, industrial UPS, solar, other infrastructure-related projects and exports.

Macroeconomic conditions in India remained favourable, supported by positive rural and urban sentiment. At the same time, the geopolitical environment in West Asia remained volatile during the quarter, leading to cost volatility across key inputs. While Lead LME prices in USD terms remained largely rangebound, adverse movement in the Rupee against the US Dollar continued to put pressure on import-linked costs. The Company has taken calibrated price adjustments to mitigate the impact of higher input costs and currency depreciation.

Against this backdrop, the Company delivered broad-based growth across its key businesses. The Automotive OEM business grew by over 25% for the third consecutive quarter, Reserve Power grew by over 20%, and the 2W/4W Replacement business achieved strong double-digit YoY growth. The International business also returned to growth, delivering 20%+ YoY increase, reflecting our sustained investments in geographic expansion, new product introductions and deeper customer engagement.

Our continued focus on a better sales mix, product innovation and cost-efficiency initiatives enabled EBITDA margin expansion of 20 bps on a YoY basis, despite elevated cost pressures. The Company remains focused on delivering healthy operating performance while maintaining a strong balance sheet and robust cash flow generation. While demand conditions remain encouraging, the Company continues to closely monitor the evolving macroeconomic, commodity and currency environment.

Our Gigafactory in Bengaluru is progressing well towards operational readiness, with utility installations completed across all four production lines. During the quarter, we successfully dispatched the first cell samples from the facility, marking a significant milestone in our lithium-ion business journey. We remain on track to commence revenue generation during FY27. These achievements reinforce our confidence that we are progressing in the right direction and building a strong foundation in new energy business."

Shares of Exide Industries Limited was last trading in BSE at Rs. 452.25 as compared to the previous close of Rs. 435.60. The total number of shares traded during the day was 1354383 in over 18590 trades.

The stock hit an intraday high of Rs. 461.60 and intraday low of 429.95. The net turnover during the day was Rs. 608868713.00.