Exide Industries Posts Strong Q1 FY27 Results, Reporting Revenue Growth and Profitability Driven by Operating Leverage
Exide Industries Limited reported a robust start to Fiscal Year 2027, driven by broad-based growth across its key businesses and successful execution strategies. The company announced its unaudited financial results for the quarter ended June 30, 2026, showing significant revenue expansion and enhanced profitability, reflecting operating leverage in the storage batteries market.During Q1 FY27, Exide Industries saw a 17.6% year-on-year increase in revenue. The company noted that this performance was achieved despite facing headwinds related to key raw material costs and pressure from rupee depreciation against the US Dollar.
Key Financial Highlights for Q1 FY27
The consolidated financial results demonstrated strong growth across income streams.| Metric | Q1 FY27 (Unaudited) | Q1 FY26 (Audited) |
|---|---|---|
| Revenue from Operations | 5,528.38 Crores | 4,735.13 Crores |
| Total Income | 5,555.25 Crores | 4,739.37 Crores |
| Profit Before Tax (PBT) | 487.03 Crores | 327.45 Crores |
| Profit After Tax (PAT) | 135.73 Crores | 110.72 Crores |
| Earnings Per Share (Basic and Diluted) | Rs. 4.12 | Rs. 2.53 |
The company successfully expanded its EBITDA margin to 12.4% in Q1 FY27, a marked improvement compared to the previous period.
Operational Momentum Across Business Segments
Management highlighted that the growth momentum was broad-based across all major business verticals:- Automotive OEM: The automotive Original Equipment Manufacturer (OEM) segment delivered over 25% year-on-year growth for the third consecutive quarter, remaining one of the fastest-growing businesses.
- 2W/4W Replacement: The Two Wheeler and Four Wheeler Replacement business registered its third consecutive quarter of double-digit growth, signifying sustained demand in the aftermarket sector.
- Inverters and Solar: The Inverters and Solar businesses grew by over 20% year-on-year, supported by strong summer-season demand and strategic initiatives.
- International Business: Exports returned to growth with a rise exceeding 20% year-on-year, reflecting continued investments in geographic expansion and improved shipping routes to key global markets.
Strategic Investments and Gigafactory Progress
Exide Industries Limited also provided updates regarding its commitment to new energy technologies through Exide Energy Solutions Limited (EESL).The company infused Rs. 100 Crores of equity into EESL during July 2026, bringing the cumulative equity investment to Rs. 4,902 crores.
Regarding the Bengaluru gigafactory in collaboration with EESL, key operational milestones were achieved:
- All equipment across the four production lines has been delivered and installed.
- 100% of utilities at the facility have been operationalised.
- The first NMC (Nickel Manganese Cobalt) cylindrical line commenced customer sample deliveries during Q1 FY27. The LFP (Lithium Iron Phosphate) prismatic line has also begun supplying samples for three-wheeler and telecom applications.
Management Commentary on Performance
Avik Roy, MD & CEO of Exide Industries Limited, commented on the performance, stating that the company entered FY27 with confidence based on the strong momentum from H2 FY26.He acknowledged the volatile geopolitical environment in West Asia, which contributed to cost volatility across key inputs. To mitigate these challenges and currency depreciation pressure, the company implemented calibrated price adjustments while benefiting from cost excellence initiatives and supply-chain efficiencies.
"Our continued focus on a better sales mix, product innovation and cost-efficiency initiatives enabled EBITDA margin expansion of 20 bps on a YoY basis," Roy stated. He added that the progress at the Bengaluru Gigafactory reinforces confidence in building a strong foundation within the new energy business segment, with revenue generation expected to commence during FY27.
EXIDEIND Stock Price Movement
Exide Industries Limited surges to ₹445.50 as of 12:53 PM, gaining 2.26% in live trading after climbing ₹9.85 from the previous close. The stock is showing immense strength against its yearly high, with nearly 4.1 million shares traded so far today and holding strong intraday support above the ₹430 mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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