Informist, Tuesday, Aug. 5, 2025

By Gopika Balasubramanium

MUMBAI – Exide Industries Ltd. registered highest on-year growth in both net profit and revenue from operations in four quarters, mainly driven by a double-digit growth in its solar and automobile replacement verticals. Its bottom line for the quarter was higher-than-expected, even as its topline came in a tad below the Street's view. The company plans to commercialise its lithium-ion cell manufacturing project--Exide Energy Solutions Ltd.--by end of 2025-26 (Apr-Mar).

The net profit of the battery-maker for the reporting quarter was INR 3.20 billion, up around 15% on year. This was also higher than analysts' expectation of an INR 3.04 billion. Its revenue from core operations for the quarter was INR 45.10 billion, up around 5% from the year-ago quarter, and slightly lower than estimates of INR 45.69 billion. Sequentially, the company's net profit rose around 26% and its revenue rose over 8%.

Exide Industries' other income surged a little over 28% on year to INR 181.60 million for the latest quarter. Including this, the company's total income was INR 45.28 billion, up almost 5%.

The inverter-maker's total expenses rose 4% on year to INR 40.98 billion. Cost of raw materials, which accounted for over 76% of its overall expenses, increased 9% on year to INR 31.30 billion. Its other expenses, which is the second largest entry under expenses, was largely unchanged from the year-ago quarter at INR 5.68 billion. The company's employee costs rose slightly over 3% to INR 2.74 billion. Its depreciation and amortisation expenses saw a marginal 1% rise and was INR 1.28 billion for the June quarter.

The Dynex maker's earnings before interest, taxes, depreciation, and amortisation for the latest quarter was INR 5.48 billion, higher than INR 4.94 billion for the corresponding quarter a year ago. Its EBITDA margin improved to 12.2% in Apr-Jun from 11.5% in the year-ago quarter. The improvement in margins was primarily driven by better price realisation, improved product mix, and benefits from various cost control measures undertaken at factories, the company said.

Exide Industries' solar business was the fastest growing segment during the quarter supported by various government programmes, it said in a press release. Replacement demand for batteries used in two-wheelers and four-wheelers was robust and thereby helped register a double-digit growth in its mobility business, the company said. However, overall sales to original equipment manufacturers was impacted by lower demand from them, both for passenger vehicle and two-wheeler segment, it said.

"Industrial UPS business benefits from increasing demand of critical power backup solutions in multiple sectors and posted strong growth," Exide Industries said. Certain sub-segments within industrial business such as "power, railways, traction also showed recovery and was able to achieve double digit growth," it said.

"In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion," Avik Roy, the company's managing director and chief executive officer, said. "We intend to commercialise operations in FY26 (2025-26(Apr-Mar), he said. In July, the company had invested an additional INR 1 billion in the lithium-ion manufacturing unit. So far, Exide Industries has invested INR 37.02 billion in this. "Equipment installation and construction works in the unit is nearing completion, the company said.

The company declared its June quarter results during market hours Tuesday. At 1449 IST, the company's stock traded at INR 383.85 on the National Stock Exchange, down around 2%.

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 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.