EXIDE INDS. Results Analysis-Q4FY26

Operating Revenue for Q4FY26 is Rs. 4,735 Crs. 9.22% growth YoY (Highest-ever quarterly revenue), Total Income is Rs. 4,739 Crs., 8.23% growth YoY, Gross Profit is Rs. 1,497 Crs., 6.97% growth YoY, EBITDA is Rs. 489 Crs., 14.15% growth YoY, EBITDA Margin is 10.32% improved by 45 Basis points YoY, PBT Rs. 327 Crs. 13.1% growth YoY, PAT Rs. 217 Crs. 15.34% growth YoY. On QoQ basis Op. Revenue is up by 12.73%, Total Income is up by 12.41%, Gross Profit is up by 7.53%, However, EBITDA is up by 8.03%, PBT is up by 15.66% and PAT is also up by 11.16%. Auto OEM: second consecutive quarter of 25%+ YoY growth and highest-ever quarterly revenue (surpassing Q3). Replacement (2W/4W): “robust,” continuing mid-teens growth. Home UPS: record Q4 sales supported by early summer onset. Solar: returned to double-digit growth; management highlighted the incubated solar vertical crossed ₹1,000 crore for the full year. Industrial infrastructure (ex-telecom): sustained double-digit growth; order inflow/execution “healthy” across railways, motive power, industrial UPS. Exports are the swing factor: depressed base and targeted developed markets could lift growth if geopolitics stabilizes.