loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Exide Industries Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Exide Industries Ltd. 14 Nov 2025 18:03 PM
Result PDF

Q2FY26 Quarterly Result Announced for Exide Industries Ltd.

Auto Parts & Equipment company Exide Industries announced Q2FY26 results

  • Revenue: Rs 4,178 crore against Rs 4,267 crore during Q2FY25.
  • EBITDA: Rs 395 crore against Rs 484 crore during Q2FY25.
  • PBT: Rs 298 crore against Rs 399 crore during Q2FY25.
  • PAT: Rs 221 crore against Rs 298 crore during Q2FY25.
  • EPS: Rs 2.60 for Q2FY26.

Avik Roy, MD & CEO, said: 'We had a strong first half of the quarter until mid-August when the GST cut was announced. The growth was muted in the second half, especially in trade business, driven by channel destocking. However, it is a welcome move by the government as it will drive demand in H2FY26. Global trade situation remained uncertain and impacted our exports.

Domestic Macro outlook is favourable with low inflation, low interest rates and higher disposable incomes. We expect the strong growth momentum, especially in Trade and Automotive OEM business, to be back in Q3.

There is continuous pressure from input material costs. In this environment, the company's priority has been on managing profitable growth and focusing on preserving cash. We proactively cut down production in the second half of the quarter in anticipation of the muted demand from channel partners. This helped us to reduce our inventory levels. Investments in our manufacturing technologies have started showing results which will be further realized as volumes grow.

In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We wish to commercialise operations in FY26.'

Result PDF

Result PDF

Auto Parts & Equipment company Exide Industries announced Q1FY26 results

  • Revenue: Rs 4,510 crore compared to Rs 4,313 crore during Q1FY25, change 4.6%.
  • EBITDA: Rs 548 crore compared to Rs 494 crore during Q1FY25.
  • EBITDA margin improved to 12.2% during the quarter vis-a-vis 11.5% in Q1FY25.
  • PBT: Rs 430 crore compared to Rs 374 crore during Q1FY25.
  • PAT: Rs 320 crore compared to Rs 280 crore during Q1FY25.

Avik Roy, MD & CEO, said: "Q1FY26 was characterised by tough macroeconomic conditions, continuous pressure from input costs with low manufacturing sector growth and de-growth in the most of the automotive OEM segments. In this environment, the company's priority has been on managing profitable growth and focusing on better product mix. The Company continues to deliver stable performance along with maintaining strong balance sheet and positive cash flow generation, thereby establishing the strength of our brand and trade network.

During the quarter, we maintained double-digit growth momentum in auto replacement, industrial UPS and solar verticals. Certain segments of the Industrials like power, railways, traction also showed recovery and was able to achieve double digit growth. However, auto OEMs were impacted by lower demand. International business was impacted due to global tariff uncertainties.

We expect overall demand scenario to improve going ahead and will continue to focus on better product mix, innovative products and achieving cost efficiencies in our manufacturing facilities. Various investments in improving our manufacturing technologies have started showing results and will become fully operational during the later part of this financial year.

In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We intend to commercialise operations in FY26."

Result PDF

Auto Parts & Equipment company Exide Industries announced Q4FY25 results

  • For the Q4FY25, standalone revenues were Rs 4,159 crore, registering an increase of 3.5% on a YoY basis and 8.1% on a QoQ basis.
  • EBITDA margin moderated to 11.2% during the quarter impacted by high raw material prices. Prices of raw materials such as antimony, have significantly increased in last 6 months, thereby impacting margins on sequential basis. Despite this, EBITDA has increased by 4% on QoQ basis.
  • For the FY25, EBITDA margin and PBT margin were 11.4% and 8.7% compared to 11.7% and 8.8% in the same period last year.
  • Liquidity position remains comfortable with zero debt and high cash flow generation. In FY25, cashflow from operations were Rs 1,298 crore.
  • The Board of Directors have proposed final dividend of Rs 2.0 per equity share for FY25.

Business Highlights:

  • Replacement market demand for 2W and 4W batteries is buoyant, registering double-digit growth in mobility business driven by our technologically advanced products and solutions.
  • Industrial UPS trade business benefits from increasing demand of critical power backup solutions in multiple sectors and solar business posted double-digit growth supported by various solarization programs.
  • However, Home-UPS business was lower than last year because of a weak season and a higher base. Auto OEM business was also impacted by lower demand from vehicle manufacturers.
  • Industrial Infra business performance has improved in fourth quarter as order inflow and order execution is picking up in sectors like power, railways, traction etc., although after a soft performance in last two quarters.

Avik Roy, MD & CEO, Exide industries, said: 'FY25 was characterised by tough macroeconomic conditions, resulting in lower capex and investments across sectors. In this environment, our focus remained on delivering stable performance along with maintaining strong balance sheet and positive cash flow generation profile, thereby establishing our resilience and ability to navigate business challenges.

During the year, while the overall sales increased marginally, we maintained double-digit growth momentum in auto replacement, industrial UPS and solar verticals. However, auto OEMs and industrial verticals were impacted by lower demand. In the international business, we entered newer geographies to increase global presence and market share.

We expect overall demand scenario to improve going ahead and will continue to focus on driving sales and achieving cost efficiencies. Additionally, our year long program on cost excellence, organisational transformation and investment in manufacturing technology has started showing results from March onwards.

In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We intend to commercialise operations in FY26.'

Result PDF

Auto Parts & Equipment company Exide Industries announced Q3FY25 results

  • In Q3FY25, standalone revenues stood at Rs.3,849 crore compared to Rs.3,841 crore in Q3FY24.
  • During the Q3FY25, EBITDA expanded by 20 bps YoY to 11.7%, up from 11.5% in Q3FY24. On a sequential basis, EBITDA Margin expanded by 40 bps, up from 11.3% in Q2FY25.
  • In 9MFY25, operating profitability has remained steady, with EBITDA margin of 11.5% vis-a-vis 11.3% in 9MFY24.

Avik Roy, MD & CEO, said: 'Our operating profitability remains steady with EB/TOA and PBT margins of 11. 7% and 8.5%, respectively, in the current quarter, benefitting from relatively stable commodity prices and focus on cost excellence. Although overall sales remained flattish in the quarter, attributable to a slowdown in govt. capex and other macroeconomic factors, we observed promising growth in the auto replacement and auto exports market segments.

Near-term outlook is positive, with replacement markets remaining buoyant and expectation of rebound of govt. & private capex, which has the potential to drive up industrial demand. Commodity prices are expected to remain broadly stable. Our diversified product portfolio along with unparallel brand recall, should enable us to capture growth across sectors in which we operate and deliver a strong performance going forward.

In our lithium-ion cell manufacturing project, construction work is going on in full swing and the team is working relentlessly to ensure project completion. We intend to commercialise operations in FY26.'

Result PDF

Auto Parts & Equipment company Exide Industries announced H1FY25 & Q2FY25 results

Financial Highlights:

  • Revenue from operations have registered a growth of 4% and 5% respectively, in Q2FY25 and H1FY25.
  • In the current quarter, EBITDA and PBT margins were 11.3% and 9.4% compared to 11.8% and 9.4% in the same quarter of the previous year.
  • For the first half of the current financial year, EBITDA and PBT margins increased to 11.4% and 9.0% respectively, compared to 11.2% and 8.6% in H1FY24.
  • Efficient working capital management along with current profitability levels enabled us to maintain our track record of generating positive cashflows. Our balance sheet remains comfortable with zero debt and high net worth.

Business Highlights:

  • The two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth.
  • Industrial-UPS and Solar also enjoyed strong demand momentum during the quarter. However, the demand scenario was soft in the Home-UPS segment due to the early onset of monsoons.
  • Excess Channel Inventories for Auto OEMs dampened demand across the Auto OEM space.
  • Exports Market Demand has been encouraging and we are making strides entering new geographies and strengthening our position in the existing ones. Our focus is on enriching the product portfolio and broadening the distribution network to address international demand.

Avik Roy, MD & CEO, Exide Industries, said: ‘In the first half of the year, we have delivered EBITDA and PBT margin of 11.4% and 9.0%, respectively. Efficient procurement coupled with cost optimisation initiatives has led to stability in operating performance, despite high commodity prices. For the near term, business outlook is positive and commodity prices have started easing, which is expected to support profitability.

At Exide, we are making multiple strides and are driving strategic initiatives to leverage synergies across our business verticals. We have undertaken organisational and business realignment which will enable us to strengthen our go-to-market strategy and to capitalise on the strong market demand. With our latest technologically advanced products and services and focus on cost efficiencies, we aspire to achieve strong growth in sales and profitability.

Onsite construction works of the lithium-ion project are proceeding well. All the functions including manufacturing, procurement, R&D, IT, finance, quality & safety, HR, etc. are working relentlessly to ensure project completion.’

Result PDF

Auto Parts & Equipment company Exide Industries announced Q1FY25 results:

Financial Highlights: 

  • Revenue from operations have grown by 5.9% in Q1FY25 driven by volume growth across business verticals.
  • We have recorded an impressive growth in operating profitability. Despite increase in commodity prices, EBITDA increased by 14.4% during the quarter, supported by revenue growth and cost optimisation initiatives.
  • EBITDA margins inched up to 11.5% in the current quarter compared to 10.6% in the same period last year. PBT grew by 16.1% year-on-year and PBT margin was 8.7% in Q1FY25 (7.9% in Q1FY24).
  • Cash flow generation remains healthy, and we continue to maintain a comfortable balance sheet with zero debt.

Commenting on the performance - Avik Roy, MD & CEO, said 'In the current quarter, our sales growth of 6% and profit before tax growth of 16% provides a perfect start to the year. Both automobile and industrial verticals have delivered growth in the current quarter and near-term drivers are promising. Despite rising raw material prices, cost optimisation initiatives led to lower cost of production and gross margin improvement of nearly 240 basis points on a y-o-y basis. EBITDA margin also increased to 11.5%, which is in line with our focus on improving the overall profitability.

In our lithium-ion project, onsite construction and installation of production line equipment is currently underway. Organisational recruiting, manpower training, customer engagement, supply chain establishment and all other necessary functions are progressing well to meet the defined timeline of project completion.
Demand for energy and energy solutions is expected to rise significantly from multiple sectors. Our emphasis on innovation, technological advancement, digitalisation initiatives along with our solid financial foundation, will enable us to benefit from these growth opportunities. Also, though commodity prices have started inching higher, we will aim to maintain our trajectory of delivering healthy profits over the medium-term.'

Result PDF

Auto parts & Equipment company Exide Industries announced Q4FY24 & FY24 results:

Financial Highlights:

Revenue from operations:

  • Q4FY24: Rs 4,009 crore, a 13% increase from Q4FY23.
  • FY24: Rs 16,029 crore, a 10% increase compared to FY23.

EBITDA:

  • Q4FY24: Rs 516 crore, up by 41% YoY.
  • FY24: Rs 1,871 crore, a 19% increase from YoY.

Profit Before Tax (PBT):

  • Q4FY24: Rs 382 crore, marking a 37% growth from Q4FY23.
  • FY24: Rs 1,410 crore, 16% higher than FY23.

Profit After Tax (PAT):

  • Q4FY24: Rs 284 crore.
  • FY24: Rs 1,053 crore.

Earnings Per Share (EPS):

  • Q4FY24: Rs 3.34.
  • FY24: Rs 12.39.

Dividend:

  • The Board has proposed a final dividend of Rs 2.00 per equity share for FY24.

Commenting on the performance - Subir Chakraborty, MD & CEO, said: "We had one of the best quarterly performances, with sales and operating profits growing by 13% and 41%, respectively. Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets. EBITDA margin increased to 12.9% during the quarter from 10.4% in the same quarter last year.

For the full financial year, our performance was commendable with sales and operating profits growing by 10% and 19%, respectively. Outlook is positive both for the Automotive and Industrial verticals and we aim to deliver healthy sales growth and increase in profitability in near-tomedium term.

Our lithium-ion cell manufacturing project is progressing well and is expected to be commissioned within defined timelines. We are positive about the future and are very well positioned to capitalize on opportunities both in the lead-acid as well as in the lithium-ion battery space."

Result PDF

Auto Parts & Equipment company Exide Industries announced Q3FY24 & 9MFY24 results:

Key Financial Highlights:

  • Q3FY24 vs Q3FY23:
    • Revenue Growth: Q3FY24 Revenue from Operations increased to Rs 3,841 crore, showing a significant growth of 12.4% compared to Q3FY23 (Rs 3,412 crore).
    • EBITDA Improvement: EBITDA for Q3FY24 reached Rs 440 crore, marking a solid YoY growth of 9.7% from Q3FY23 (Rs 401 crore).
    • Profitability Increase: Both PBT and PAT demonstrated growth in Q3FY24. PBT rose to Rs 321 crore, reflecting a 6.6% YoY increase from Q3FY23 (Rs 301 crore). PAT increased to Rs 240 crore, indicating a YoY growth of 7.6% from Q3FY23 (Rs 223 crore).
    • Earnings Per Share (EPS): The EPS for Q3FY24 stood at Rs 2.83, showcasing a positive trend compared to Q3FY23 (Rs 2.63).
  • 9MFY24 vs 9MFY23:
    • Revenue Growth: In 9MFY24, Revenue from Operations reached Rs 12,020 crore, reflecting a growth of 8.9% compared to 9MFY23 (Rs 11,049 crore).
    • EBITDA Expansion: EBITDA for 9MFY24 expanded to Rs 1,355 crore, indicating a YoY growth of 12.4% from 9MFY23 (Rs 1,201 crore).
    • Profitability Surge: PBT increased to Rs 1,028 crore, representing a YoY growth of 10.0% from 9MFY23 (Rs 934 crore). PAT surged to Rs 769 crore, reflecting a YoY growth of 10.5% from 9MFY23 (Rs 696 crore).
    • Earnings Per Share (EPS): The EPS for 9MFY24 stood at Rs 9.05, indicating a positive trajectory compared to 9MFY23 (Rs 8.19).

Business Highlights:

  • Cost Optimization: Other expenses decreased to 13.6% of sales from 14.3% in Q3FY23.
  • Automotive Division: Notable uptrend in demand in both OEM and Replacement markets with broad-based demand recovery.
  • Industrial Division: Benefiting from large investments in various sectors like BFSI, Renewables, Telecom, and Infrastructure.
  • Equity Investment: Exide invested Rs 730.01 crore in the wholly owned subsidiary, Exide Energy Solutions Limited (EESL), with a cumulative investment of Rs 1,820.01 crore till December 2023.
  • Lithium Cell Manufacturing Plant: Onsite construction works and organizational setup are progressing at a planned pace, with ongoing training of the technical team.

Commenting on the performance, Subir Chakraborty, MD & CEO, said, 'It was another quarter of strong performance, with sales and operating profits growing by 13% and 10%, respectively. Demand was positive in both automotive and industrial divisions, and we achieved healthy growth in our key end-customer markets. However, EBITDA margin was marginally lower than the same quarter in the previous year mainly on account of input cost inflation.

We are optimistic about the future and are witnessing signs of demand pick-up across key verticals. Input cost inflationary pressures have started easing, which coupled with our cost optimisation initiatives is expected to support margins. We will continue to focus on delivering healthy sales growth and improvement in profitability levels in the near-to-medium term.

Our lithium-ion cell manufacturing project is progressing as per scheduled timelines. Design and construction works are on track, and we are focusing on the onboarding of customers on the one hand and securing strong raw material supply-chain linkages on the other. We are excited about the future and look forward to becoming one of the leading domestic players offering state-of-the-art products and solutions in the fast-growing electric mobility space as well as stationary applications.'

Result PDF

Auto Parts & Equipment company Exide Industries announced Q2FY24 & H1FY24 results:

1. Financial Performance:

  • Standalone Q2FY24:
    • Revenue from operations increased from Rs 3,730 crore in Q2FY23 to Rs 4,107 crore in Q2FY24, indicating a growth of 10.0%.
    • EBITDA increased from Rs 413 crore in Q2FY23 to Rs 483 crore in Q2FY24, reflecting a growth of 16.9%.
    • PBT increased from Rs 330 crore in Q2FY23 to Rs 385 crore in Q2FY24, showing a growth of 16.7%.
    • PAT increased from Rs 246 crore in Q2FY23 to Rs 287 crore in Q2FY24, representing a growth of 16.7%.
    • Earnings Per Share (EPS) increased from Rs 2.90 in Q2FY23 to Rs 3.38 in Q2FY24.
  • Standalone H1FY24:
    • Revenue from operations increased from Rs 7,637 crore in H1FY23 to Rs 8,179 crore in H1FY24, indicating a growth of 7.1%.
    • EBITDA increased from Rs 800 crore in H1FY23 to Rs 915 crore in H1FY24, reflecting a growth of 14.4%.
    • PBT increased from Rs 633 crore in H1FY23 to Rs 707 crore in H1FY24, showing a growth of 11.7%.
    • PAT increased from Rs 473 crore in H1FY23 to Rs 529 crore in H1FY24, representing a growth of 11.8%.
    • Earnings Per Share (EPS) increased from Rs 5.56 in H1FY23 to Rs 6.22 in H1FY24.


2. Cost Management:
- The company achieved lower fixed costs, with other expenses as a percentage of sales declining in Q2FY24.
- Effective cost optimization initiatives contributed to the growth in profits.

3. Cash Flow and Balance Sheet:
- Exide Industries generated high cash flows and maintained a comfortable balance sheet with zero debt levels.
- Working capital management and healthy profits contributed to the positive cash flow.

4. Sales and Demand:
- Demand for Exide batteries started picking up in both the OEM and replacement markets, supporting sales growth.
- Large-scale public and private sector investments in various sectors are driving sales growth in the industrial division.

5. Investment in Exide Energy Solutions Limited (EESL):
- Exide invested Rs 275 crore in EESL during Q2FY24, bringing the total equity investment in EESL to Rs 1,530 crore.
- The lithium-ion cell manufacturing project under EESL is progressing well, with construction works underway.

Commenting on the performance, Subir Chakraborty, MD & CEO, said, "We continue to deliver an upbeat performance with operating profits growing by 17% and 14% in the second quarter and the first half of the current financial year respectively. Sales growth of 10% during the quarter was broad-based with both automotive and industrial verticals growing at a healthy pace. Input costs were slightly lower, and this with effective cost optimisation initiatives aided growth in profits.

In the near-to-medium-term, we are optimistic about the demand scenario and believe that with our future-ready product portfolio, pan-India market presence and cost efficiencies, we will continue to deliver sustainable and profitable growth.

Our lithium-ion cell manufacturing project is progressing well. We are excited about the future and look forward to becoming one of the leading domestic players offering state-of-the-art products and solutions in the fast-growing electric mobility space as well as for stationary applications."

 

 

Result PDF

Auto Parts & Equipments company Exide Industries announced Q1FY24 results:

  • Revenue from operations increased by 4.2% YoY in Q1FY24.
  • Despite raw material costs remaining firm during Q1FY24, we recorded impressive growth in operating profits.
  • EBITDA grew by 11.7% and EBIDTA margin was 10.6% in Q1FY24 compared to 9.9% in Q1FY23.
  • PBT grew by 6.2% YoY and PBT margin was 7.9% in Q1FY24 (7.8% in Q1FY23).
  • Our automation and cost optimisation initiatives are bearing fruit, thereby supporting enhanced levels of profitability.
  • We maintain our track record of generating high cashflows and a comfortable balance sheet with zero debt.

Commenting on the performance - Subir Chakraborty, MD & CEO, said, 'Our operating profits grew at a handsome rate of 11.7% during the first quarter of the year. Steady sales expansion in key verticals along with cost optimisation benefits resulted in healthy EBITDA growth. We expect overall demand scenario to be positive in the near-term and profitability levels to increase, supported by the easing of input cost inflation and further realisation of cost efficiency initiatives.

With technological advancements, demand for more efficient products and solutions is growing at a rapid pace. Our latest offerings in Automotive Division include advanced batteries for hybrid vehicles, longer-life batteries for e-rickshaws, and a superior range of inverters/HUPS. For the Industrial Division, we have introduced the FHP series of Industrial UPS to address critical power load demand
from data centers. A comprehensive renewable portfolio for the solar sector, along with longer-life traction and telecom batteries/solutions have been the other innovations introduced lately. Our futuristic product portfolio along with unparalleled customer service keeps us ahead of the curve and well-prepared for the future.

Our lithium-ion cell manufacturing project is progressing well as per schedule. We are excited about the future and look forward to becoming one of the leading domestic players offering state-of-the-art products and solutions in the fast-growing electric mobility space as well as for stationary applications.”

 

Result PDF

Trending News

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Published on 16-Dec-2025 09:05

KIMS has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Krishna Institute of Medical Sciences (KIMS) has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Published on 16-Dec-2025 09:03

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding 

Published on 16-Dec-2025 09:01

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

China has announced restrictions on silver exports from 2026

China has announced restrictions on silver exports from 2026

Published on 15-Dec-2025 09:03

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

Published on 15-Dec-2025 09:01

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status