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saurabh mittal

1 hour ago · SEBI Registration INH000022835

Exide Industries Ltd upcoming Q2 FY27 results.

EXIDEIND
Exide Industries’ newsflow was led by a sharp stock decline, fresh capital infusion into its lithium‑ion battery subsidiary, and upcoming Q2 FY27 results. The stock fell about 3.9% to ₹344.10 on the BSE and ₹343.8 on the NSE, extending a second straight session of decline, with the cumulative drop across the streak at 2.66% from a ₹360.35 base. Exide has invested ₹100 crore in its wholly owned subsidiary Exide Energy Solutions via a rights issue, bringing total investment in EESL to ₹5,202 crore, to fund the greenfield lithium‑ion battery plant in Bengaluru. The company’s material subsidiary has commissioned Phase‑I of its 6 GWh lithium‑ion cell manufacturing facility in Bengaluru, which will produce advanced cells for mobility and energy storage. In Q1 FY27, Exide reported revenue of ₹5,555.25 crore (up 17.6% YoY) and net profit of ₹350.47 crore (up 27.1% YoY), reflecting operating leverage and sharper execution. The board will meet on 4 November 2026 to approve Q2 and H1 FY27 results, with the trading window for designated persons closed from 1 October. MarketsMojo has downgraded the stock to “Hold,” citing valuation shifts to fair amid market volatility, with the stock’s 52‑week.

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