Exide Industries FY27 Q1 Results Show Strong Profit Growth

Exide Industries FY27 Q1 Results showed strong financial performance as the battery manufacturer reported higher profit and revenue growth during the first quarter of FY27. The company benefited from strong demand across automotive and industrial segments, supported by growth in replacement markets and infrastructure applications. Exide Industries reported improved profitability despite cost pressures from raw materials and currency fluctuations, while its lithium-ion battery manufacturing programme in Bengaluru continued progressing towards commercial operations during the current financial year.

Standalone profit after tax increased to Rs 407 crore in the quarter ended June 30, compared with Rs 320 crore in the same period a year earlier. Revenue from operations grew 17.6% to Rs 5,305 crore from Rs 4,510 crore. EBITDA increased 19.5% to Rs 655 crore, while EBITDA margin improved slightly to 12.4% from 12.2% year-on-year, reflecting operational improvements and effective cost management initiatives.

The company stated that demand remained resilient despite higher raw material costs caused by geopolitical tensions in West Asia and a weaker rupee impacting import-related expenses. Calibrated price adjustments, cost-control programmes and supply-chain improvements helped protect margins. The positive market environment was further supported by stronger end-customer demand after GST rationalisation benefits, particularly across the automotive sector in India.

Exide Industries Managing Director and Chief Executive Officer Avik Roy said growth opportunities remain encouraging across automotive original equipment manufacturers, home inverters, industrial UPS systems, solar projects, infrastructure applications and exports. The company highlighted that the replacement market continued showing robust performance, supported by rising demand for batteries across multiple mobility and energy storage applications.

The Automotive OEM business recorded growth of more than 25% for the third consecutive quarter, while the Reserve Power business expanded by over 20%. The two-wheeler and four-wheeler replacement segments achieved strong double-digit growth. The international business also returned to growth with more than 20% year-on-year improvement, supported by geographical expansion, new product introductions and deeper customer relationships.

Exide Industries also achieved a major milestone in its lithium-ion battery initiative with its Bengaluru gigafactory progressing towards operational readiness. Utility installations have been completed across all four production lines, and the company successfully dispatched the first cell samples from the facility. The company remains on track to begin revenue generation from the gigafactory during FY27 as planned.

The first nickel manganese cobalt cylindrical production line at the Bengaluru facility has started customer sample deliveries, while the lithium iron phosphate prismatic line has begun sample supplies for three-wheeler and telecom applications. Exide Energy Solutions continues working with key original equipment manufacturers and has completed multiple product certifications and testing requirements to support future lithium-ion battery deployment.

The company’s expanding battery portfolio reflects increasing demand for electrification, energy storage and advanced battery technologies. Continued investments in lithium-ion manufacturing capabilities are expected to strengthen Exide’s position across automotive electrification, industrial energy solutions and emerging mobility applications while supporting long-term growth opportunities in domestic and international markets.

Frequently Asked Questions

What were the key highlights of Exide Industries FY27 Q1 performance?
The company reported higher profit, revenue growth and progress in lithium-ion battery manufacturing during the quarter. Exide Industries recorded strong automotive and industrial demand, improved margins, and advanced its Bengaluru gigafactory operations while preparing for future lithium-ion revenue generation during FY27.