Exide Industries reported a strong financial performance for Q4 and FY26, with annual revenue rising to Rs. 17,269 crore, a 4.1% increase. The company maintains a zero-debt balance sheet and continues to see growth across its core business segments. Significant progress is being made in its New Energy business, particularly with the gigafactory, as the company transitions toward domestic lithium-ion cell production to meet the evolving energy and mobility landscape.
Financial Highlights and Operational Performance
For the fiscal year 2026, Exide Industries achieved a revenue of Rs. 17,269 crore, reflecting a 4.1% year-on-year growth. The company’s EBITDA for FY26 reached Rs. 1,943 crore, with a margin of 11.3%. Profit After Tax (PAT) stood at Rs. 1,111 crore, marking a 3.2% increase over the previous year. For Q4 FY26, the company demonstrated strong momentum with revenue of Rs. 4,551 crore, growing 9.4% compared to Q4 FY25.
Strategic Focus on Core and New Energy
Exide continues to maintain market leadership in the automotive replacement segment and is benefiting from a strong industrial capex cycle. The company’s core business is supported by 13 manufacturing plants and a robust network of over 1,20,000 touchpoints across India. Simultaneously, the company is aggressively scaling its New Energy business. Its subsidiary, Exide Energy Solutions Limited (EESL), is establishing advanced lithium-ion cell manufacturing capabilities in Bengaluru and packs & modules production in Gujarat.
Gigafactory Progress
The company has achieved critical milestones in its gigafactory development. Currently, 95%+ of utilities are nearing completion, and the facility has already signed ~45 Master Purchasing Agreements (MPAs). Both cylindrical and prismatic production lines are in the validation phase, positioning Exide to capitalize on the shift toward localization-led growth in India’s lithium-ion battery market, which is expected to reach 140–150 GWh of demand potential by 2030.
Future Outlook
Exide is confident in the opportunities ahead, driven by regulatory support such as the ‘PM Surya Ghar’ scheme and GST reductions on components, which are fueling demand for solar and automotive solutions. With a debt-free balance sheet, disciplined capital allocation, and a focus on both traditional and new-age energy technologies, the company remains well-positioned to support India’s growing electrification requirements.
Source: BSE
