Exide Industries profit jumps 75% in Q2 FY27

Exide Industries Limited (NSE: EXIDEIND) reported a strong Q2 FY27 performance, with standalone revenue from operations increasing 20.3% YoY to ₹5,026 crore. Net profit increased 75.1% to ₹386.45 crore, compared with ₹220.74 crore in the corresponding quarter last year. Key Highlights • Revenue increased 20.3% YoY to ₹5,026 crore. • Net profit grew 75.1% to ₹386.45 crore. • EBITDA increased 53.6% to ₹606 crore. • EBITDA margin expanded to 12.1% from 9.4% a year earlier. • Profit before tax increased 75.5% to ₹522 crore. • The company's 6 GWh lithium-ion cell gigafactory in Bengaluru was commissioned in September 2026. My View Exide Industries delivered a strong quarter, with revenue growth accompanied by an even faster improvement in profitability. The 270 basis point expansion in EBITDA margin indicates improved operating performance despite elevated input costs. Growth was supported by healthy demand across businesses, including automotive OEMs, industrial batteries and the replacement market. An important development is the commissioning of its 6 GWh lithium-ion cell gigafactory. This marks a significant step in Exide's strategy to participate in India's growing electric vehicle and energy storage markets. However, the commercial success of this investment will depend on customer qualifications, production ramp-up and the ability to achieve competitive manufacturing costs. What I'm Watching Next The key question is whether Exide can translate its investments in lithium-ion technology into meaningful revenue and profitability over the coming years. Stance: Positive. Strong earnings growth, margin expansion and progress in lithium-ion manufacturing are encouraging. However, execution of the new gigafactory remains an important factor to monitor. Disclosure: I do not have any holding or position in the stock mentioned above. EXIDEIND