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Informist, Monday, May 4, 2026

 

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--Exide Ind Jan-Mar net profit INR 3.12 bln 
--Analysts saw Exide Ind Jan-Mar net profit at INR 2.90 bln 
--Exide Ind Jan-Mar revenue INR 45.51 bln 
--Analysts saw Exide Ind Jan-Mar revenue at INR 43.97 bln 
--Exide Ind Jan-Mar net profit INR 3.12 bln vs INR 2.55 bln year ago 
--Exide Ind Jan-Mar revenue INR 45.51 bln vs INR 41.59 bln year ago 
--Exide Ind to pay INR 2 per share final dividend 
--Exide Ind final dividend record date Jul 3 
--Exide Ind FY26 net profit INR 11.11 bln vs INR 10.77 bln year ago 
--Exide Ind FY26 revenue INR 172.69 bln vs INR 165.88 bln year ago 
--Exide Ind Jan-Mar EBITDA INR 5.30 bln vs INR 4.67 bln year ago 
--Exide Ind Jan-Mar EBITDA margin 11.7%, up 50 bps on yr 
--Exide Ind: Domestic ops in Q4 grew 12.5% YoY despite 50?ll in telecom 
--Exide Ind: Export business affected in Q4 due to geopolitical tensions 
--Exide Ind: Export business showed double-digit decline in Jan-Mar 
--Exide Ind: Commodity prices, freight cost jumped Q4 on West Asia conflict
--Exide Ind: Expect auto replacement, inverters to continue growing in Q1 
--Exide Ind:Planning investments in automation to improve efficiency, quality 
--Exide Ind:To begin sample deliveries soon from lithium-ion cell mfg project 
 

 

By Gopika Balasubramanium

 

MUMBAI – The on-year growth in Exide Industries Ltd.'s top line and bottom line for Jan-Mar was the highest in eight quarters, driven by double-digit growth in its replacement business, automotive segment, and the industrial infra segment. Both the net profit and revenue from operations exceeded the Street's view.

 

The net profit of the battery-maker for the March quarter was INR 3.12 billion, up 23% on year and higher than analysts' estimate of INR 2.90 billion. The revenue from core operations for the quarter was INR 45.51 billion, up over 9% from the year-ago quarter, and ahead of the consensus estimate of INR 43.97 billion. Sequentially, the company's net profit rose a little more than 21% and its revenue rose over 13%.  

 

Exide Industries' other income for the quarter fell around 12% on year to INR 142 million. Including this, the company's total income was INR 45.65 billion, up over 9%. The company's shares fell as soon as the results were detailed and closed 0.4% lower at INR 359.05 apiece on the National Stock Exchange. 

 

Exide's overall domestic business grew 12.5% on year in the March quarter, despite a near 50% on-year fall in the company's telecom segment. The battery-maker said demand from the telecom segment remains impacted by the industry's transition towards lithium-ion solutions. "Export business continued to be significantly impacted across certain markets, amid geopolitical tensions and disruption in shipping routes," it said.
 

Exide's automotive segment grew 25% on year during the quarter, the fastest among other verticals and recording its highest ever quarterly revenue, as per the company's press release. Exide's sales from replacement business for two wheelers and four wheelers grew in double digits, as did its industrial infra business, excluding telecom, led by strong order inflows and execution in sectors like railways, traction, and I-UPS.  

 

Growth in the company's inverters and solar business was in "mid-to-high" teens on a year-on-year basis, driven by peak season demand in the second half of Jan-Mar. The company's exports business saw a double-digit decline amid geopolitical conflicts, as multiple shipping routes were closed and unavailability of containers led to challenges towards the end of the March quarter. "We expect the auto replacement, inverters and auto OEM businesses to continue their strong growth momentum into Ql (Apr-Jun) of current financial year," Exide said.

 

On the company's lithium cell manufacturing operations, led by arm Exide Energy Solutions Ltd., the company said cylindrical lines were expected to start customer sample delivery by the June quarter, while the prismatic line would initiate product trials shortly thereafter. Exide further invested INR 6 billion in Jan-Mar, taking its total investment in 2025-26 (Apr-Mar) to INR 15 billion. With this, the total equity investment made in Exide Energy so far stands at INR 48.02 billion. Exide Energy continues to engage with key automobile companies and energy providers to build offtake across end consumer markets, the parent company said in a press release.  

 

The inverter-maker's total expenses rose 8% on year to INR 41.45 billion. Cost of raw materials, which accounted for over 77% of its overall expenses, increased 5% on year to INR 32.06 billion. Its other expenses, the second-largest entry under expenses, was down a little over 1% from the year-ago quarter at INR 5.64 billion. The company's employee costs rose over 5% on year to INR 2.75 billion. Depreciation and amortisation expenses fell nearly 9% to INR 1.16 billion in the March quarter.  

 

A rise in commodity prices, especially those of liquefied petroleum gas, plastics and sulphuric acid, and freight costs on account of closure of multiple shipping routes and unavailability of containers due to the West Asia conflict, exerted pressure on the company's expenditure, Exide said. Sustained depreciation of the rupee added to the pressure on Exide's input costs.

 

The company's earnings before interest, taxes, depreciation, and amortisation for the quarter was INR 5.30 billion, up from INR 4.67 billion for the corresponding quarter a year ago. Its EBITDA margin expanded by 50 basis points on year to 11.7% in Jan-Mar. The margin was unchanged from the trailing quarter.

 

For FY26, Exide's bottom line rose over 3% on year to INR 11.11 billion and the top line was up over 4% on year at INR 172.69 billion. The company will pay final dividend of INR 2 per share and has set a record date of Jul. 3 for this.  End

 

Edited by Avishek Dutta

 

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