Conference Call with Exide Industries Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Exide Industries announced Q1FY27 results Consolidated Financial Highlights: Consolidated revenue from operations for Q1FY27 was Rs 5,528.38 crore, an increase of 17.75% YoY from Rs 4,695.12 crore in Q1FY26. Sequentially, it grew by 16.75% from Rs 4,735.13 crore in Q4FY26. Total consolidated income for Q1FY27 stood at Rs 5,555.25 crore, up 17.63% YoY from Rs 4,722.69 crore in Q1FY26 and up 17.21% QoQ from Rs 4,739.37 crore in Q4FY26. Consolidated profit before tax for Q1FY27 was Rs 487.03 crore, up 26.53% YoY compared to Rs 384.91 crore in Q1FY26 and up 48.73% QoQ from Rs 327.45 crore in Q4FY26. Consolidated net profit (attributable to owners of the company) for Q1FY27 reached Rs 350.47 crore, a growth of 28.38% YoY compared to Rs 272.99 crore in Q1FY26. On a QoQ basis, it increased by 62.82% from Rs 215.25 crore in Q4FY26. Consolidated earnings per share (Basic and Diluted) for Q1FY27 was Rs 4.12, compared to Rs 3.21 in Q1FY26 and Rs 2.53 in Q4FY26. Standalone Financial Highlights: Revenue from operations for Q1FY27 stood at Rs 5,305.05 crore, a growth of 17.63% YoY compared to Rs 4,509.81 crore in Q1FY26. On a QoQ basis, revenue increased by 16.57% from Rs 4,551.11 crore in Q4FY26. Total income for Q1FY27 reached Rs 5,319.09 crore, up 17.47% YoY from Rs 4,527.97 crore in Q1FY26 and up 16.51% QoQ from Rs 4,565.30 crore in Q4FY26. Profit before tax for Q1FY27 was Rs 543.32 crore, representing an increase of 26.44% YoY against Rs 429.70 crore in Q1FY26 and an increase of 29.24% QoQ against Rs 420.41 crore in Q4FY26. Net profit for Q1FY27 stood at Rs 407.26 crore, recording a growth of 27.09% YoY compared to Rs 320.45 crore in Q1FY26. On a QoQ basis, net profit grew by 30.35% from Rs 312.44 crore in Q4FY26. Earnings per share (Basic and Diluted) for Q1FY27 was Rs 4.79, compared to Rs 3.77 in Q1FY26 and Rs 3.68 in Q4FY26. Business Highlights: The company's business activity falls within a single operating segment of "Storage Batteries and Allied Product," hence no separate segment information is disclosed. Automotive OEM business delivered 25%+ YoY growth for the 3rd consecutive quarter, continuing to remain one of the fastest-growing businesses for the company. The 2W/4W Replacement business registered its 3rd consecutive quarter of double-digit growth, reflecting sustained demand momentum in the aftermarket segment. Inverters and Solar businesses grew by over 20% YoY, supported by strong summer-season demand and strategic initiatives. Industrial Infrastructure business, excluding Telecom, maintained its low double-digit YoY growth trajectory, supported by demand from infrastructure-linked and industrial applications. Exports business returned to growth with a 20%+ YoY increase, on a low base, reflecting sustained efforts towards geographic expansion and opening up of shipping routes to major markets. The company infused Rs 100 crore of equity into Exide Energy Solutions Limited (EESL) during July 2026, taking the cumulative equity investment to Rs 4,902 crore. EESL achieved critical project milestones at its Bengaluru gigafactory, with 100% of equipment across all four production lines delivered and installed. Revenue contribution from the Bengaluru plant is expected to commence during FY27. Management Quote Avik Roy, MD & CEO, said: "We have entered FY27 with confidence, building on the strong momentum achieved in the second half of FY26. The continued benefits of GST rationalisation have further strengthened end-customer demand across the automotive sector, with the replacement market remaining robust. Growth opportunities also remain encouraging across automotive OEMs, home inverters, industrial UPS, solar, other infrastructure-related projects and exports. Macroeconomic conditions in India remained favourable, supported by positive rural and urban sentiment. At the same time, the geopolitical environment in West Asia remained volatile during the quarter, leading to cost volatility across key inputs. While Lead LME prices in USD terms remained largely range-bound, adverse movement in the Rupee against the US Dollar continued to put pressure on import-linked costs. The Company has taken calibrated price adjustments to mitigate the impact of higher input costs and currency depreciation. Against this backdrop, the Company delivered broad-based growth across its key businesses. The Automotive OEM business grew by over 25% for the third consecutive quarter, Reserve Power grew by over 20%, and the 2W/4W Replacement business achieved strong double-digit YoY growth. The International business also returned to growth, delivering a 20%+ YoY increase, reflecting our sustained investments in geographic expansion, new product introductions and deeper customer engagement. Our continued focus on a better sales mix, product innovation and cost-efficiency initiatives enabled EBITDA margin expansion of 20 bps on a YoY basis, despite elevated cost pressures. The Company remains focused on delivering healthy operating performance while maintaining a strong balance sheet and robust cash flow generation. While demand conditions remain encouraging, the Company continues to closely monitor the evolving macroeconomic, commodity and currency environment. Our Gigafactory in Bengaluru is progressing well towards operational readiness, with utility installations completed across all four production lines. During the quarter, we successfully dispatched the first cell samples from the facility, marking a significant milestone in our lithium-ion business journey. We remain on track to commence revenue generation during FY27. These achievements reinforce our confidence that we are progressing in the right direction and building a strong foundation in the new energy business." Result PDF