Earnings Outlook
Jump in replacement battery ops to lift Exide Ind in Q1
This story was originally published at 14:37 IST on 4 August 2025
Register to read our real-time news.Informist, Monday, Aug. 4, 2025
MUMBAI – Rise in sales due to demand for replacement batteries and modest growth in Exide Industries Ltd.'s industry segment will likely help the company to post robust earnings for the June quarter. Its net profit is seen rising in high single digit and its revenue is seen growing in mid-single digit. Fall in lead prices, one of its key raw materials, is also expected to improve the company's profitability for the quarter. Progress in its lithium-ion manufacturing facility and customer tie-ups are the key things to monitor, according to analysts.
Exide Industries will likely report a net profit of INR 3.04 billion for the June quarter, up nearly 9% on year, according to the average of estimates from seven brokerages. Sequentially, the net profit is seen rising over 19%. The estimates for net profit range from INR 3.21 billion by Incred Research Services to INR 2.76 billion by YES Securities (India). Exide Industries will declare its Apr-Jun earnings on Tuesday.
The company's revenues from operations are seen rising around 6% on year to INR 45.69 billion in Apr-Jun, as per the average of estimates. Sequentially, the revenue is seen rising nearly 10%. Incred Research Services has the highest estimate for revenue at INR 47 billion and Motilal Oswal Financial Services and YES Securities have the lowest estimate of INR 44.42 billion.
Kotak Securities expects revenues to increase by 5% on year during June quarter driven by high single-digit growth in the replacement segment volumes and mid-single-digit rise in industrial segment.
The company's earnings before interest, tax, depreciation, and amortisation will likely increase 7% on year to INR 5.29 billion, according to the average estimates from six brokerages. Incred Research has the highest estimate for EBITDA at INR 5.50 billion and YES Securities (India) has the lowest estimate at INR 4.98 billion.
Kotak Securities expects the EBITDA margin to increase by 70 basis points sequentially to 11.9% driven by "operating leverage benefit and richer product mix". Nomura Global Markets Research sees margins to expand by 30 basis points on quarter to 11.5% due to lower raw material costs. Lead prices in the June quarter declined by 2.4% on quarter and nearly 7.8% on year to INR 166,500 per tonne, YES Securities said.
At 1310 IST, shares of Exide Industries were at INR 387.60 on the National Stock Exchange, up 2.2%. The stock is up over 10% from the spot price, when the company released its earnings for the March quarter during market hours. Exide had reported a net profit of INR 2.55 billion during Jan-Mar on revenues of INR 41.59 billion.
Of the 14 brokerage reports on Exide available with Informist, eight have a "buy" or equivalent rating on the stock with an average target price of INR 467, four have a "hold" rating, and two have a "sell" rating.
Following are the June quarter earnings estimates for Exide Industries based on reports from seven brokerage firms in descending order by the estimate of net profit:
| Brokerage | Net sales (in INR million) | Net profit (in INR million) | EBITDA (in INR million) |
| InCred Research Services Pvt Ltd | 47,000.00 | 3,206.00 | 5,499.00 |
| Kotak Institutional Equities | 45,284.00 | 3,200.00 | 5,373.00 |
| Nuvama Wealth Management Ltd | 46,591.00 | 3,173.00 | 5,479.00 |
| Nomura Equity Research | 46,618.00 | 3,093.00 | 5,361.00 |
| Motilal Oswal Financial Services Ltd | 44,421.00 | 2,849.00 | 5,064.00 |
| YES Securities (India) Ltd | 44,421.00 | 2,761.00 | 4,983.00 |
| Average | 45,690.71 | 3,036.86 | 5,293.17 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Gopika Balasubramanium
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
