Exide Industries Limited has announced the approval of its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a strong 20.3% YoY growth in standalone revenue for Q2 FY27, reaching ₹5,026 crore. Additionally, Exide highlighted the commissioning of its 6 GWh lithium-ion cell gigafactory in Bengaluru. The Board also approved the change of its Registrar and Share Transfer Agent.
Exide Industries Reports Strong Q2 Performance
Exide Industries Limited has officially announced the approval of its unaudited financial results for the quarter and half year ending September 30, 2026. The Board of Directors convened on November 4, 2026, to review and approve these results, as well as to consider other significant business matters.
Key Financial Highlights
In a significant development, Exide Industries showcased robust financial performance. For the second quarter of FY27, standalone revenue saw a substantial year-on-year increase of 20.3%, amounting to ₹5,026 crore. The company also reported a considerable growth in Profit After Tax (PAT), with a 75.1% YoY increase to ₹386 crore for the same quarter. For the half-year ended September 30, 2026 (H1 FY27), revenue grew by 18.9% to ₹10,331 crore, and PAT surged by 46.7% to ₹794 crore.
New Energy Business Milestones
A major operational highlight was the commissioning of Exide’s 6 GWh lithium-ion cell gigafactory in Bengaluru on September 23, 2026. This state-of-the-art facility marks a significant step in the company’s expansion into the New Energy sector, aiming to serve India’s electric mobility and stationary energy storage markets.
Change in Registrar and Share Transfer Agent
In a move to enhance shareholder services and operational efficiencies, the Board also approved the appointment of M/s. Maheshwari Datamatics Private Limited as the new Registrar and Share Transfer Agent (RTA) for the Company. The effective date of this change will be communicated separately upon completion of necessary formalities.
Market and Business Outlook
The company’s press release highlighted a broad-based growth momentum across its key businesses, driven by healthy demand and strategic initiatives. The Automotive OEM business saw over 25% YoY growth for the fourth consecutive quarter, with new wins in EV and CNG segments. The 2W/4W replacement business also sustained its double-digit growth. Home Inverters and Solar businesses experienced over 20% YoY growth, supported by favourable demand and government schemes. Exports also grew over 20% YoY, bolstered by a new strategic cooperation agreement with ExCom Energy Solutions GmbH for the European market.
Management noted that input costs remained elevated due to geopolitical challenges, but cost optimization initiatives and calibrated price increases contributed to EBITDA margin expansion. The company maintains a robust liquidity position with zero debt and healthy cash flow generation.
Source: BSE
