Exide Industries (500086) Q2 24/25 earnings summary

Executive summary

• Revenue reached ₹4,267 crore in Q2FY25 (up 3.9–4% YoY) and ₹8,580 crore in H1FY25 (up 4.9–5% YoY), driven by strong automotive replacement, robust exports, and double-digit growth in key segments, while Home-UPS and auto OEM saw declines.

• Organization realignment and new leadership hires, including Mr. Jaidit Singh Brar, to strengthen B2C, B2B, and export go-to-market strategies.

• Strategic cost optimization and business realignment initiatives supported operating performance.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1FY25.

Financial highlights

• Standalone Q2FY25 revenue: ₹4,267 crore (up 4% YoY); H1FY25: ₹8,580 crore (up 5% YoY); consolidated Q2FY25: ₹4,450 crore; H1FY25: ₹8,885.71 crore.

• Standalone EBITDA margin: 11.3% in Q2FY25, 11.4% in H1FY25; PAT margin: 7.0% in Q2FY25, 6.7% in H1FY25.

• Gross profit margin improved to 31.1% in H1FY25 from 29.7% YoY.

• Standalone PBT for Q2FY25: ₹399 crore (margin 9.4%); H1FY25: ₹773 crore (margin 9.0%).

• Standalone EPS: ₹3.50 in Q2FY25, ₹6.79 in H1FY25.

Outlook and guidance

• Near-term outlook positive, with easing commodity prices and expected rebound in auto OEM, telecom, and inverter segments in H2.

• Margin improvement targeted to 13% in the near term and 14% longer term, driven by cost excellence and premium products.

• Lithium-ion cell plant on track for mid-2025 commissioning, with ramp-up and stabilization to follow.