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Rakesh Kumar

10th Aug · SEBI-Registered Analyst

Exide Industries Results Analysis-Q1FY27

$EXIDEIND Financial performance and key Operating Metrics (Standalone) : Operating Revenue for Q1FY27 is Rs. 5,305 Crs., 17.63% growth YoY, Total Income is Rs. 5,319 Crs., 17.47% growth YoY, Gross Profit is Rs. 1,580 Crs., 12.18% growth YoY, EBITDA is Rs. 655 Crs., 19.51% growth YoY, EBITDA Margin is 12.35% improved by 19 basis points YoY, PBT Rs. 543 Crs., 26.44% growth YoY, PAT Rs. 407 Crs. 27.09% growth YoY. On QoQ basis Operating Revenue is up by 16.56%, Total Income is also up by 16.51%, Gross Profit is up by 14.25%, EBITDA is up by 23.52%, PBT is up by 29.24% and PAT is also up by 30.35%. growth + margin resilience despite headwinds, all major businesses posted double-digit growth, including: 2W/4W OEM, home UPS/inverter, solar, 2W/4W replacement, industrial infra (ex-telecom), exports. Solar segment hit record quarterly revenue (>INR 400 cr). YoY price increases were ~4–6% across categories. Exide maintains an annual ~INR 500 cr allocation for the core lead-acid business (automation, tech, capacity). Exide has five 4W battery factories with brownfield headroom. First locally manufactured NCM cells shipped as customer samples from Bengaluru—material de-risking milestone. Revenue from cell plant expected within FY27, with 25–30% utilization reiterated. FY27 Exide Energy Solutions Ltd (EESL) funding plan: INR 1,400 cr board-approved; cumulative equity already INR 4,902 cr.

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