Exide Industries commissions 6 GWh plant

Exide Industries Limited has commissioned Phase-I of its 6 GWh lithium-ion cell plant in Bengaluru. The facility is expected to support Exide’s expansion into EV batteries and stationary energy storage. Exide Energy Solutions Limited completed commissioning on September 23, 2026. The plant will manufacture lithium-ion cells across multiple chemistries and form factors. The move comes as Exide’s core business continues to grow. Q1 FY27 revenue rose 17.8% year-on-year to ₹5,528.4 crore, while net profit increased 28% to ₹351.3 crore. EBITDA rose 15.5% to ₹621 crore, although the margin eased to 11.2%. My view is that the plant is more important for Exide’s future business mix than near-term earnings. The key factor now is the speed of commercial production and customer ramp-up. Exide Energy Solutions reported a ₹248.16 crore loss in FY26, so the new business still needs to prove its earnings potential. I am watching production ramp-up, EV and energy-storage orders, and margin trends. At ₹425.95, I would look for earnings contribution from the new business before taking a stronger view. Stance: Positive on the long-term expansion, but commercial ramp-up remains the key trigger.

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