Exide Industries Limited reported a robust performance for the quarter ended March 31, 2026. The company achieved standalone revenues of Rs. 4,551 crore, marking a 9.4% increase on a year-on-year basis. Profit before tax rose by 22.6% compared to the same quarter last year. Key business segments, including Auto OEM and domestic infrastructure, demonstrated strong double-digit growth, supported by a healthy liquidity position and consistent cash flow generation.
Financial Highlights
Exide Industries concluded the financial year with strong momentum. For Q4 FY26, the company reported EBITDA of Rs. 530 crore, representing an EBITDA margin of 11.7%, a 50 bps improvement on a year-on-year basis. The standalone Profit After Tax (PAT) for the quarter stood at Rs. 312 crore, compared to Rs. 255 crore in the previous year. For the full FY26, the company recorded total revenue of Rs. 17,269 crore.
Business Segment Performance
Growth was spearheaded by the Auto OEM business, which achieved over 25% growth year-on-year, marking its highest-ever quarterly revenue. Double-digit growth was also sustained in 2W/4W replacement segments and industrial infrastructure, excluding telecom. While the export business faced headwinds due to geopolitical tensions and shipping disruptions, the domestic market remained a significant driver with an overall growth of 12.5%.
Dividend Recommendation
Recognizing the strong financial performance, the Board of Directors has recommended a final dividend of Rs. 2.00 per equity share, representing a 200% payout on the face value of Re. 1/-. This recommendation is subject to the approval of shareholders at the upcoming 79th Annual General Meeting scheduled for July 10, 2026, with a record date set for July 3, 2026.
Lithium-Ion Project Progress
The company continues to advance its lithium-ion cell manufacturing facility in Bengaluru through its subsidiary, Exide Energy Solutions Limited (EESL). An additional investment of Rs. 600 crore was deployed in Q4 FY26, bringing the total investment in EESL for the year to Rs. 1,500 crore. Installation and commissioning of the facility are currently in full swing, with customer sample deliveries for cylindrical cells expected to commence shortly.
Source: BSE
