Exide Industries announced its financial results for the second quarter of FY27, ending September 30, 2026. The company reported a notable 20.3% year-on-year growth in standalone revenue, reaching Rs. 5,026 crore. Profit After Tax (PAT) saw a substantial increase of 75.1% to Rs. 386 crore. The company also highlighted the commissioning of its 6 GWh lithium-ion cell gigafactory in Bengaluru, marking a significant step in its new energy business.
Exide Industries Reports Strong Q2 FY27 Financial Performance
Exide Industries has announced robust financial results for the second quarter and the first half of the financial year 2027 (FY27). The company’s standalone revenue for the quarter ended September 30, 2026, grew by an impressive 20.3% year-on-year to Rs. 5,026 crore. This growth was driven by healthy demand, benefits from GST reforms, and effective execution of its ‘One Exide’ operating model.
Profitability Surge in Q2 FY27
Profit After Tax (PAT) for the second quarter surged by 75.1% to Rs. 386 crore, compared to Rs. 221 crore in the corresponding quarter of the previous year. Profit Before Tax (PBT) also saw a significant increase of 75.5% to Rs. 522 crore. The EBITDA margin expanded by 270 basis points year-on-year to 12.1%, reflecting successful cost optimization initiatives and calibrated price increases.
First Half FY27 Performance
For the first half of FY27 (H1 FY27), Exide Industries reported a revenue growth of 18.9% to Rs. 10,331 crore. PAT for H1 FY27 increased by 46.7% to Rs. 794 crore. The EBITDA margin for the half-year stood at 12.2%.
New Energy Business Milestone
A significant development highlighted in the announcement is the commissioning of Exide Energy Solutions Limited’s (EESL) 6 GWh lithium-ion cell gigafactory in Bengaluru on September 23, 2026. This facility is designed to cater to India’s electric mobility and stationary energy storage markets and is scalable up to 12 GWh. The company also mentioned its cumulative equity investment in EESL, which reached Rs. 5,352 crore between April 2026 and October 2026.
Key Business Highlights
The company’s performance was bolstered by double-digit growth across its key businesses, including Automotive OEM (over 25% YoY growth), 2W/4W Replacement, Home Inverters, Solar, and Exports. The Automotive OEM segment saw wins with MG Hector Tomahawk and Tata Aeris. The company also signed a long-term strategic cooperation agreement with ExCom Energy Solutions GmbH for its European expansion.
Financial Position
Exide Industries maintained a robust liquidity position, characterized by zero debt and healthy cash flow generation.
Change in Registrar and Share Transfer Agent
The Board of Directors has also approved the appointment of M/s. Maheshwari Datamatics Private Limited as the company’s new Registrar and Share Transfer Agent (RTA), aiming to enhance shareholder servicing and operational efficiencies.
Source: BSE
