Auto Parts & Equipment company Exide Industries announced Q2FY26 results Revenue: Rs 4,178 crore against Rs 4,267 crore during Q2FY25. EBITDA: Rs 395 crore against Rs 484 crore during Q2FY25. PBT: Rs 298 crore against Rs 399 crore during Q2FY25. PAT: Rs 221 crore against Rs 298 crore during Q2FY25. EPS: Rs 2.60 for Q2FY26. Avik Roy, MD & CEO, said: 'We had a strong first half of the quarter until mid-August when the GST cut was announced. The growth was muted in the second half, especially in trade business, driven by channel destocking. However, it is a welcome move by the government as it will drive demand in H2FY26. Global trade situation remained uncertain and impacted our exports. Domestic Macro outlook is favourable with low inflation, low interest rates and higher disposable incomes. We expect the strong growth momentum, especially in Trade and Automotive OEM business, to be back in Q3. There is continuous pressure from input material costs. In this environment, the company's priority has been on managing profitable growth and focusing on preserving cash. We proactively cut down production in the second half of the quarter in anticipation of the muted demand from channel partners. This helped us to reduce our inventory levels. Investments in our manufacturing technologies have started showing results which will be further realized as volumes grow. In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We wish to commercialise operations in FY26.' Result PDF
Auto Parts & Equipment company Exide Industries announced Q1FY26 results Revenue: Rs 4,510 crore compared to Rs 4,313 crore during Q1FY25, change 4.6%. EBITDA: Rs 548 crore compared to Rs 494 crore during Q1FY25. EBITDA margin improved to 12.2% during the quarter vis-a-vis 11.5% in Q1FY25. PBT: Rs 430 crore compared to Rs 374 crore during Q1FY25. PAT: Rs 320 crore compared to Rs 280 crore during Q1FY25. Avik Roy, MD & CEO, said: "Q1FY26 was characterised by tough macroeconomic conditions, continuous pressure from input costs with low manufacturing sector growth and de-growth in the most of the automotive OEM segments. In this environment, the company's priority has been on managing profitable growth and focusing on better product mix. 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 and trade network. During the quarter, we maintained double-digit growth momentum in auto replacement, industrial UPS and solar verticals. Certain segments of the Industrials like power, railways, traction also showed recovery and was able to achieve double digit growth. However, auto OEMs were impacted by lower demand. International business was impacted due to global tariff uncertainties. We expect overall demand scenario to improve going ahead and will continue to focus on better product mix, innovative products and achieving cost efficiencies in our manufacturing facilities. Various investments in improving our manufacturing technologies have started showing results and will become fully operational during the later part of this financial year. In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We intend to commercialise operations in FY26." Result PDF