Exide Industries FY26 Results: Standalone Revenue ₹17,269 Cr, PAT ₹1,111 Cr; Dividend ₹2 Declared

Exide Industries Limited reported its audited financial results for the year ended March 31, 2026, following a Board meeting held on May 4, 2026. The company delivered strong performance across key business segments, with revenue growth and improved profitability on both standalone and consolidated bases. The Board has recommended a dividend of Rs. 2 per equity share of face value Re. 1 each (200%) for the financial year, subject to shareholder approval at the 79th Annual General Meeting scheduled for July 10, 2026.

Standalone Financial Performance

For Q4 FY26, the company achieved standalone revenue of Rs. 4,551 crore, representing a 9.4% increase compared to Rs. 4,159 crore in the corresponding quarter of the previous year. Profit before tax (before exceptional items) for Q4 FY26 grew 22.6% year-on-year to Rs. 420 crore. For the full year FY26, standalone revenue reached Rs. 17,269 crore, while profit after tax was Rs. 1,111 crore. EBITDA margin expanded by nearly 50 basis points on a year-on-year basis to 11.7% in Q4 FY26.

Metric: Q4 FY26 Q4 FY25 FY26 FY25 Revenue (Rs. Crore): 4,551 4,159 17,269 16,588 EBITDA (Rs. Crore): 530 467 1,943 1,893 PBT before exceptional (Rs. Crore): 420 343 1,500 1,441 PBT after exceptional (Rs. Crore): 420 343 1,491 1,441 PAT (Rs. Crore): 312 255 1,111 1,077 EPS (Rs.)*: 3.68 3.00 13.07 12.67

*Not annualised

Consolidated Financial Performance

On a consolidated basis, the Group reported revenue from operations of Rs. 17,995.35 crore for FY26, compared to Rs. 17,237.85 crore in FY25. Consolidated profit after tax for FY26 stood at Rs. 859.92 crore, up from Rs. 800.50 crore in the previous year. For Q4 FY26, consolidated revenue from operations was Rs. 4,735.13 crore against Rs. 4,335.42 crore in Q4 FY25, with PAT at Rs. 216.73 crore compared to Rs. 187.91 crore in the year-ago quarter. Consolidated earnings per share (basic and diluted) for FY26 stood at Rs. 10.05, against Rs. 9.35 in FY25.

Metric: Q4 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (Rs. Crore): 4,735.13 4,335.42 17,995.35 17,237.85 PBT before exceptional (Rs. Crore): 327.45 289.52 1,259.19 1,175.96 PAT (Rs. Crore): 216.73 187.91 859.92 800.50 EPS (Rs.)*: 2.53 2.20 10.05 9.35

*Not annualised

Business Highlights

All industry businesses (2W/3W/4W) grew in double digits on a year-on-year basis. The Auto OEM business grew over 25% YoY, achieving its highest ever quarterly revenue. Overall domestic business growth during Q4 was 12.5%, despite nearly 50% de-growth in the Telecom segment due to the industry's transition towards lithium-ion solutions. The Inverters and Solar business showed mid-to-high teens growth, buoyed by peak season demand. The Industrial Infra business (excluding Telecom) continued its double-digit growth trajectory with strong order inflow and execution in railways, traction, and I-UPS sectors. The export business faced challenges amid geopolitical tensions and disruption in shipping routes. The company's liquidity position remains robust with zero debt and high cash flow generation. Standalone cash and cash equivalents stood at Rs. 164.61 crore as of March 31, 2026, compared to Rs. 111.26 crore in the previous year.

MD & CEO Commentary

Commenting on the performance, Mr. Avik Roy, MD & CEO, said: "Q4 FY26 built on the gains observed in Q3 – GST rationalization continued to boost end-customer demand across the automotive sector, supported by strong replacement market and energy storage demand. Macroeconomic conditions in India remained favourable with low inflation, lower Repo rates and positive rural and urban sentiment. However, the West Asia conflict created challenges on two fronts: firstly, the rate escalation and timely availability of LPG, Plastics and Sulphuric Acid; secondly, freight cost escalation due to closure of multiple shipping routes and unavailability of containers. Sustained depreciation of Rupee vs. USD put further pressure on our input costs. In this environment, the Company's priority has been on managing profitable growth and focusing on preserving cash. The Company continues to deliver stable performance along with maintaining strong balance sheet and positive cash flow generation, thereby establishing the strength of our brand, trade network and OEM relationships. In the lithium-ion cell manufacturing project, installation and commissioning work is progressing in full swing. Customer sample deliveries to begin shortly for the cylindrical cells, and production trials to be initiated for the prismatic cells."

Lithium-Ion Project Update

Exide Energy Solutions Limited (EESL), the company's wholly-owned subsidiary, continues to make progress on its greenfield lithium-ion cell manufacturing facility in Bengaluru. Exide Industries invested an additional Rs. 600 crore in Q4 FY26, taking the total investment for FY26 to Rs. 1,500 crore. The cumulative equity investment in EESL stands at Rs. 4,802.23 crore (including investment made in the erstwhile merged entity). The project has an initial planned capacity of 6 GWh, scalable up to 12 GWh, with four production lines across cylindrical and prismatic cell formats, catering to both LFP and NMC chemistries. Cylindrical lines are expected to start customer sample delivery by Q1 FY27, while the Prismatic line will initiate product trials shortly thereafter. EESL continues to engage with key OEMs and energy providers to build offtake across end consumer markets.

Dividend and Corporate Actions

The Board of Directors has recommended a dividend of Rs. 2 per equity share of face value Re. 1 each (200%) for the financial year ended March 31, 2026. The record date for determining eligibility has been fixed as Friday, July 3, 2026. The dividend will be paid within 30 days after the conclusion of the 79th Annual General Meeting. The 79th AGM will be held on Friday, July 10, 2026, through Video Conferencing or Other Audio Visual Means, in compliance with relevant circulars issued by the Ministry of Corporate Affairs and SEBI.

Auditor's Report

Statutory auditors M/s B S R & Co. LLP have not expressed any modified opinion in their audit report pertaining to the audited standalone and consolidated financial results for the year ended March 31, 2026. The financial results have been prepared in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An exceptional item of Rs. 9.04 crore (standalone) and Rs. 10.38 crore (consolidated) was recognised for the year ended March 31, 2026, pertaining to the incremental financial impact assessed following the Government of India's notification of four Labour Codes on November 21, 2025.

Exide Industries Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the period from 1st January 2026 to 31st March 2026. The certificate was filed with major stock exchanges including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on 6th April 2026.

Regulatory Compliance Details

The certificate was issued by CB Management Services (P) Limited, which serves as the Registrar and Share Transfer Agent for Exide Industries. The document confirms compliance with Securities and Exchange Board of India (Depositories and Participants) Regulation, 2018, specifically under Regulation 74(5).

Parameter Details Reporting Period 1st January 2026 to 31st March 2026 Filing Date 6th April 2026 Registrar CB Management Services (P) Limited Reference Number EIL/SEC/2026-27/01

Certificate Confirmation

CB Management Services confirmed several key compliance aspects in their certificate dated 4th April 2026. The registrar verified that securities received from Depository Participants for dematerialization during the quarter ended 31st March 2026 were properly confirmed to the depositories. Additionally, the certificate states that securities comprised in the certificates have been listed on stock exchanges where the earlier issued securities are listed.

The registrar also confirmed that security certificates received for dematerialization have been mutilated and cancelled after due verification. The names of the depositories have been substituted in the Register of Members as the registered owner within the stipulated period.

Stock Exchange Filings

The compliance certificate was submitted to three major stock exchanges where Exide Industries shares are traded:

Exchange Scrip Details BSE Limited Scrip Code: 500086 National Stock Exchange Symbol: EXIDEIND Calcutta Stock Exchange Scrip Code: 15060 & 10015060

Corporate Governance

The filing was signed by Jitendra Kumar, who serves as Company Secretary and President- Legal & Corporate Affairs for Exide Industries Limited. His ACS number is 11159, and the document was digitally signed on 6th April 2026. This quarterly filing demonstrates the company's commitment to maintaining transparent corporate governance practices and regulatory compliance.

The certificate represents a routine but important regulatory requirement that ensures proper handling of share dematerialization processes and maintains investor confidence in the company's share transfer mechanisms.