Exide Industries (500086) Q1 25/26 earnings summary

Executive summary

• Standalone revenue for Q1 FY26 grew 4.6% year-over-year to ₹4,510 crore, with PBT up 14.9% YoY and PAT at ₹320 crore.

• EBITDA margin improved to 12.2% from 11.5% YoY, driven by better price realization, product mix, and cost excellence projects.

• Liquidity remains strong with zero debt and high cash flow generation.

Financial highlights

• Standalone revenue: ₹4,510 crore (Q1 FY26), up from ₹4,313 crore (Q1 FY25) and ₹4,159 crore (Q4 FY25).

• Standalone EBITDA: ₹548 crore (Q1 FY26) vs ₹494 crore (Q1 FY25); PBT: ₹430 crore vs ₹374 crore YoY.

• Standalone PAT: ₹320 crore (Q1 FY26) vs ₹280 crore (Q1 FY25); EPS: ₹3.77 (Q1 FY26) vs ₹3.29 (Q1 FY25).

• Consolidated revenue: ₹4,695 crore (Q1 FY26), up from ₹4,436 crore (Q1 FY25); consolidated PAT: ₹275 crore (Q1 FY26) vs ₹221 crore (Q1 FY25).

Outlook and guidance

• Management expects demand to improve, focusing on product mix, innovation, and cost efficiencies.

• Investments in manufacturing technology are expected to yield results in the latter part of FY26.

• Lithium-ion cell manufacturing project is on track for commercial operations in FY26.