Exide Industries reported a strong second quarter with a 75.1% rise in profit to Rs 386 crore and 20.3% revenue growth. The company successfully commissioned its 6 GWh lithium-ion gigafactory in Bengaluru, marking a major leap into the EV energy storage sector.
Exide Industries Q2 Profit Rises 75% to Rs 386 Crore
Standalone revenue increased by 20.3% YoY to Rs 5,026 crore, with PAT rising to Rs 386 crore from Rs 221 crore.
Reader Takeaway: Strong operational growth driven by OEM and replacement segments; high input costs remain a key margin headwind.
What just happened
Exide Industries delivered a robust financial performance for the quarter ended September 30, 2026. The company saw a 20.3% increase in revenue to Rs 5,026 crore and a notable 270 basis point expansion in EBITDA margins to 12.1%. This performance was supported by strong demand in the automotive OEM and replacement markets.
Why this matters
The commissioning of the 6 GWh lithium-ion gigafactory by subsidiary Exide Energy Solutions Limited (EESL) is a critical operational milestone. As the automotive industry shifts toward electric vehicles, this facility positions Exide as a key player in the domestic battery storage landscape. The company has invested a cumulative Rs 5,352 crore into EESL, signaling a heavy commitment to the energy transition.
Business and Operational Performance
Management highlighted broad-based growth across all segments. The automotive OEM segment grew over 25% YoY for the fourth straight quarter, bolstered by supply partnerships with MG and Tata. Exports also saw double-digit growth, supported by a new strategic agreement with Germany-based ExCom Energy Solutions GmbH.
Risks to watch
Despite the strong top-line growth, management acknowledged pressure from elevated input costs. While Lead and antimony prices showed potential for cooling, the depreciation of the Rupee prevented the company from fully capturing these benefits. Shareholders should monitor the stabilization and yield improvement phases at the new gigafactory, which are essential for long-term profitability.
Corporate Action
The company is transitioning its Registrar and Share Transfer Agent (RTA) from MUFG Intime to Maheshwari Datamatics to improve shareholder services. This change will be effective following regulatory approvals.