Exide Industries reported a strong financial performance for Q4 FY26, achieving standalone revenues of ₹4,551 crore, marking a 9.4% year-on-year growth. The company’s annual profit after tax for FY26 reached ₹1,111 crore, up from ₹1,077 crore in the previous year. Additionally, the Board has recommended a final dividend of ₹2 per equity share, reflecting 200% of the face value, subject to shareholder approval at the upcoming 79th Annual General Meeting.
Financial Highlights for FY26
Exide Industries has delivered a robust fiscal year, with total standalone revenue reaching ₹17,269 crore for the year ended March 31, 2026. Profit before tax for the year stood at ₹1,491 crore. The company successfully grew its EBITDA margin to 11.7% during Q4, an improvement of nearly 50 basis points compared to the same period last year, despite facing significant pressure from raw material costs and currency depreciation.
Strategic Growth Drivers
The company’s performance was bolstered by a 25%+ growth in the Auto OEM business, which reached record quarterly revenue. Domestic business growth was recorded at 12.5% during the quarter. While the export segment faced headwinds due to geopolitical tensions and global shipping disruptions, domestic demand across 2-wheeler, 3-wheeler, and 4-wheeler segments saw strong double-digit growth, driven by positive momentum in the automotive industry.
Lithium-Ion Expansion Progress
The development of the greenfield lithium-ion cell manufacturing facility under the subsidiary, Exide Energy Solutions Limited (EESL), is progressing steadily. During Q4, an additional ₹600 crore was invested, bringing the total FY26 investment to ₹1,500 crore. The total cumulative equity investment in EESL now stands at ₹4,802.23 crore. The company expects to begin customer sample deliveries for cylindrical cells by Q1 FY27, with production trials for prismatic cells to follow shortly thereafter.
Shareholder Returns and Upcoming Meeting
In recognition of the company’s strong liquidity and cash flow position, the Board of Directors has recommended a final dividend of ₹2.00 per equity share (face value of Re. 1). The record date for the dividend payment is set for July 3, 2026. The 79th Annual General Meeting is scheduled to be held on July 10, 2026, via video conferencing.
Source: BSE
