Exide Industries

Exide Industries Ltd., a prominent player in India’s battery manufacturing sector, delivered a solid performance in the first quarter of FY26, posting a 24% year-on-year increase in consolidated net profit. The company’s earnings for the quarter reached Rs. 292 crore, underpinned by strong operational efficiency and steady demand across automotive and industrial segments. Revenue from operations rose to Rs. 4,398 crore, registering a healthy 9% growth from the previous year.

Exide Industries, a key player in the battery manufacturing sector, is navigating a challenging financial environment as it moves forward with its ambitious lithium-ion cell manufacturing project. Despite a notable dip in operating cash flow for FY25, the company plans to fund the remaining capital expenditures (capex) for Phase I of the venture largely through internal accruals.

Exide Industries reported an 11% drop in standalone profit after tax (PAT) for the March quarter, with profits falling to Rs 254.60 crore from Rs 283.75 crore in Q4 of the previous fiscal year. Despite this decline, revenue from operations showed a 4% increase, reflecting growth in key segments such as mobility and solar. The company's EBITDA also decreased due to rising raw material costs, particularly for antimony, impacting margins.