Exide Industries announced its Q2 FY26 results, revealing a 1.3% YoY increase in revenue, despite GST rate changes. Standalone revenue reached ₹8688 Crore for H1 FY26. The company anticipates stronger growth in Q3 FY26, particularly in trade and Auto OEM sectors, supported by GST benefits. The lithium-ion cell manufacturing project is on track for commercialization in FY26.
Financial Performance Overview
Exide Industries reported its financial results for Q2 FY26, showing a revenue increase of 1.3% YoY. Despite challenges from GST rate adjustments, the company achieved standalone revenues of ₹8688 Crore in H1 FY26. Domestic business grew by 5% YoY, while export business faced headwinds due to market and tariff issues.
Key Financial Figures
Here’s a summary of the standalone financial performance:
- Revenue: ₹4178 Crore for Q2FY26
- EBITDA: ₹395 Crore
- PBT: ₹298 Crore
- PAT: ₹221 Crore
- EPS: ₹2.60
Business Highlights
The GST 2.0 reform, announced on August 15, 2025, is expected to boost consumption, with battery GST rates reduced from 28% to 18%, effective September 22, 2025. The company anticipates significant benefits in trade and Auto OEM sectors due to this change.
Production cuts were implemented in August and September to manage inventory, contributing to reduced profitability due to under-recovery of fixed costs.
Lithium-Ion Cell Manufacturing Project
The EESL (Exide Energy Solutions Limited) project site is progressing steadily. Exide Industries has invested ₹580 crores in H1 FY26 and an additional ₹65 crores in October 2025, bringing the total investment to ₹3947.23 crores. Production is expected to commence by the end of FY26, with product trials beginning in November 2025.
Source: BSE
