Exide Industries reported a strong financial performance for the fourth quarter of FY26, with standalone revenue rising 9.4% year-on-year to ₹4,551 crore, driven by growth across automotive, replacement, infrastructure, inverter, and solar segments.
The company’s profit before tax (before exceptional items) increased 22.6% to ₹420 crore, while profit after tax rose to ₹312 crore from ₹255 crore in the same period last year. Growth was supported by improved demand conditions, aided by GST reforms that boosted affordability and sentiment in the automotive sector.
According to Avik Roy, Managing Director and CEO, the company built on the momentum seen in the previous quarter, with strong demand in the replacement market and energy storage segments. Automotive businesses across two-wheelers, three-wheelers, and passenger vehicles recorded double-digit growth, while the OEM segment grew over 25%, making it the fastest-growing vertical and delivering the highest-ever quarterly revenue for the segment.
Exide’s inverter and solar businesses also saw mid-to-high teen growth, supported by seasonal demand, while its industrial infrastructure segment—excluding telecom—continued to grow in double digits, driven by strong order inflows in railways, traction, and industrial UPS segments. However, the telecom business declined nearly 50% year-on-year due to the industry’s shift toward lithium-ion solutions.
Despite pressure from rising raw material costs, the company improved its EBITDA margin by nearly 50 basis points to 11.7%, with EBITDA reaching ₹530 crore compared to ₹467 crore in Q4FY25.
However, performance in the latter half of the quarter was impacted by the ongoing West Asia conflict, which led to higher commodity prices, increased freight costs, and supply chain disruptions. The situation also contributed to rupee depreciation, further increasing input costs. Exports were particularly affected, witnessing a double-digit decline due to shipping route disruptions and container shortages.
For the full financial year FY26, Exide reported revenue of ₹17,269 crore, up from ₹16,588 crore in FY25. EBITDA rose to ₹1,943 crore, while profit after tax increased to ₹1,111 crore. The company maintained a strong financial position with zero debt and healthy cash flow generation.
Looking ahead, Exide remains optimistic about sustained growth, particularly in the auto replacement, inverter, and OEM segments, as it continues to focus on profitable growth and maintaining a strong balance sheet.
