Exide Industries Q4 PAT up 15 per cent at Rs 216.73 crores

Battery maker Exide Industries Ltd on Monday reported a 15 per cent growth in consolidated profit after tax at Rs 216.73 crore in the fourth quarter ended March 31, 2026, on the back of strong growth across key businesses. The company had posted a consolidated profit after tax (PAT) of Rs 187.91 crore in the corresponding quarter of the previous fiscal, Exide Industries Ltd said in a regulatory filing.

Consolidated revenue from operations in the fourth quarter stood at Rs 4,735.13 crore as against Rs 4,335.42 crore in the year-ago period, it added.

Total expenses in the fourth quarter were higher at Rs 4,411.63 crore as compared to Rs 4,089.98 crore in the same period a year ago, the company said.

For the fiscal year ending March 31, 2026, consolidated profit after tax (PAT) was at Rs 859.92 crore as against Rs 800.5 crore in the previous year.

Consolidated revenue from operations in FY26 stood at Rs 17,995.35 crore as compared to Rs 17,237.85 crore in FY25.

Commenting on the performance, Exide Industries MD & CEO, Avik Roy, said, “Q4 FY26 built on the gains observed in Q3 — GST rationalisation continued to boost end-customer demand across the automotive sector, supported by strong replacement market and energy storage demand.”

The company achieved over 25 per cent growth in the auto OEM business.

Inverters and solar businesses showed robust growth of “mid-to-high teens”, while auto replacement and infrastructure businesses, excluding telecom, also showed double-digit growth, he added.

Roy noted that macroeconomic conditions in India remained favourable with low inflation, lower Repo rates and positive rural and urban sentiment.

However, the West Asia conflict created challenges on two fronts — firstly, the rate escalation and timely availability of LPG, plastics and sulphuric acid; secondly, freight cost escalation due to closure of multiple shipping routes and unavailability of containers, he added.

“Sustained depreciation of rupee versus the US dollar put further pressure on our input costs,” Roy said.

Sharing an update on the company’s lithium-ion cell manufacturing project, he said installation and commissioning work is progressing in full swing.

Customer sample deliveries will begin shortly for cylindrical cells, and production trials will be initiated for prismatic cells, he added.