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Informist, Thursday, Jul. 30, 2026

 

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--Exide Ind Apr-Jun net profit INR 4.07 bln
--Analysts saw Exide Ind Apr-Jun net profit at INR 3.40 bln
--Exide Ind Apr-Jun revenue INR 53.05 bln
--Analysts saw Exide Ind Apr-Jun revenue at INR 50.02 bln
--Exide Ind Apr-Jun net profit INR 4.07 bln vs INR 3.20 bln year ago
--Exide Ind Apr-Jun revenue INR 53.05 bln vs INR 45.10 bln year ago
--Exide Ind Apr-Jun EBITDA INR 6.55 bln vs INR 5.48 bln year ago
--Exide Ind Apr-Jun EBITDA margin 12.4% vs 12.2% year ago
--Exide Ind: Saw pressure on raw materials costs due to West Asia war
--Exide Ind: Rupee depreciation added further pressure on input costs
--Exide Ind: Took calibrated price hikes to offset higher input costs
--Exide Ind: On track to generate revenue from Bengaluru gigafactory in FY27
 

 

By Ruchira Kagita

 

MUMBAI – For the June quarter, Exide Industries Ltd. posted its highest-ever sales growth in 16 quarters, and comfortably beat Street estimates. The company's net profit for the quarter was also above the consensus view. The automobile ancillary player's margin expanded, which the company attributed to price hikes to counter the rise in input costs. The downward revision in goods and services tax last year continued to boost demand for automotives. 

 

Exide Industries' bottom line rose over 27% on year to INR 4.07 billion. This is 20% higher than the average of brokerages' expectation of INR 3.40 billion. The rise in cost of raw materials, which made up most of the company's total spending, limited the rise in profit for the period. Raw material expenses inched up nearly 10% on year to INR 34.31 billion. A dip in the company's other income also impacted the net profit. 

 

The company's total revenue from operations rose almost 18% to INR 53.05 billion for the quarter under review. Higher affordability and positive sentiment from GST rationalisation drove demand for automotives, the company said in an earnings press release. Analysts had pegged the company's revenue for the quarter at INR 50.02 billion. 

 

The battery manufacturer's total expenses increased close to 17% to INR 47.76 billion from INR 40.98 billion a year ago. Barring the cost of raw materials, the company upped its inventory. Change in inventories of finished goods and stock-in-trade surged more than sixfold to INR 2.60 billion. The growth in total expenses was, however, slower than the rise in revenue. 

 

The company's earnings before interest, tax, depreciation, and amortisation rose 19.5% on year to INR 6.55 billion. The EBITDA margin expanded by 20 basis points to 12.4% for the quarter ended June. On a sequential basis, the margin was 70 bps higher. 

 

"Headwinds across all key raw material costs, amidst prolonged disruption due to the West Asia conflict," Exide Industries said in the press release. The depreciation of the Indian rupee against the dollar worsened input cost pressures, it said. Since the war between the US and Iran broke out, the rupee has depreciated over 5%.

The company posted double-digit growth across all its major verticals. Its primary automotive original equipment manufacturing business grew 25% on year for the third quarter in a row and its two- and four-wheeler replacement segment also witnessed double-digit growth for the third straight quarter. Supported by a low base, its exports division returned to over 20% on-year growth.

 

Exide Industries' industrial infrastructure business, excluding telecommunications, retained low double-digit growth. This was supported by demand from infrastructure-linked and industrial applications. A strong summer, coupled with other initiatives, drove a 20% on-year rise in its inverters and solar segment, the company said in the press release. 

 

"Growth opportunities also remain encouraging across automotive OEMs, home inverters, industrial UPS (uninterruptible power supply), solar, other infrastructure-related projects and exports," the company said.

 

The battery maker's lithium-ion gigafactory near Bengaluru will start contributing to the company's revenue in FY27, it said. The nickel-manganese-cobalt cyclindral line commenced sample deliveries in the June quarter and the lithium iron phosphate line started such supplies to three-wheeler and telecommunications applications. Earlier, the company had said it would invest INR 14 billion in the Bengaluru plant during the current financial year.

 

Shares of Exide Industries rose almost 6% to the highest level in over 19 months after the company reported its earnings for the June quarter. At 1423 IST, the stock came off highs and was up over 2% at INR 445.80 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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