Exide Industries announced robust financial performance for the quarter and half year ended September 30, 2026. Standalone Profit After Tax (PAT) surged by 75.1% to ₹386 crore in Q2 FY27, driven by strong revenue growth and margin expansion. The company also reported the commissioning of its 6 GWh lithium-ion cell gigafactory in Bengaluru.
Exide Industries Reports Strong Q2 FY27 Results and Operational Milestones
Exide Industries Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026, showcasing significant growth across key financial metrics and a major operational achievement with the commissioning of its lithium-ion cell gigafactory.
Standalone Financial Performance Highlights
For the second quarter of FY27, Exide Industries reported a substantial increase in its standalone Profit After Tax (PAT), which grew by 75.1% year-on-year to ₹386 crore. This was accompanied by a 20.3% rise in standalone revenue, reaching ₹5,026 crore. The EBITDA margin also saw a healthy expansion of 270 basis points to 12.1%. For the first half of FY27 (H1 FY27), standalone revenue grew by 18.9% to ₹10,331 crore, with PAT increasing by 46.7% to ₹794 crore.
Key Business and Operational Updates
The company highlighted broad-based growth across its businesses during Q2 FY27, with notable performance in Automotive OEM, which saw over 25% YoY growth for the fourth consecutive quarter. The 2W/4W Replacement business and Home Inverters and Solar segments also delivered double-digit and over 20% YoY growth, respectively. The company signed a strategic cooperation agreement with ExCom Energy Solutions GmbH, Germany, to expand its industrial battery and energy storage business in the European Economic Area.
New Energy Business Milestone
A significant operational milestone was achieved on September 23, 2026, with the commissioning of Exide Energy Solutions Limited’s (EESL) 6 GWh lithium-ion cell gigafactory in Bengaluru. This facility, scalable to 12 GWh, is designed to cater to India’s electric mobility and stationary energy storage markets. The company also reported an equity infusion of ₹550 crore into EESL between April and October 2026.
Liquidity and Debt Position
The company’s liquidity position remains robust, with zero debt and strong cash flow generation, as detailed in the standalone cash flow statement.
Other Announcements
In addition to the financial results, the Board of Directors approved the change of Registrar and Share Transfer Agent (RTA) from M/s MUFG Intime India Private Limited to M/s. Maheshwari Datamatics Private Limited.
Source: BSE
