Exide Industries reported a strong set of numbers for the fourth quarter of FY26, with profitability and revenue growth supported by robust performance across key business segments, particularly the auto OEM segment.
For the March quarter, the company posted revenue of ₹4,551 crore, marking a 9.4% year-on-year increase compared to ₹4,159 crore in the same period last year. EBITDA rose to ₹530 crore from ₹467 crore, reflecting steady operational performance, while profit before tax (PBT) increased 22.6% YoY to ₹420 crore.
Profit after tax (PAT) stood at ₹312 crore for the quarter, up from ₹255 crore in Q4 FY25, indicating strong earnings momentum.
The company highlighted that overall domestic business growth remained healthy, with Q4 domestic revenues growing 12.5% YoY. The auto OEM segment emerged as the fastest-growing business during the quarter, registering over 25% growth and achieving its highest-ever quarterly revenue, driven by strong demand from automotive manufacturers.
In addition, the replacement market across two- and four-wheelers continued to witness double-digit growth, while the industrial infrastructure business (excluding telecom) also maintained strong momentum supported by sectors such as railways, traction, and power backup solutions.
The inverters and solar business recorded mid-to-high teen growth during the quarter, aided by seasonal demand and increasing adoption of renewable-linked solutions.
However, the company noted that export business remained under pressure due to geopolitical tensions and disruptions in global shipping routes, leading to a double-digit decline in international revenues. The telecom segment also saw a sharp decline of nearly 50%, impacted by the ongoing transition toward lithium-ion technologies.
Despite these challenges, Exide managed to expand EBITDA margins by nearly 50 basis points YoY to around 11.7%, supported by cost optimisation measures. The second half of the quarter, however, saw pressure from rising raw material costs, particularly due to the West Asia conflict and currency depreciation.
Commenting on the performance, MD & CEO Avik Roy said the company delivered over 25% growth in the auto OEM business during the quarter, while the inverters and solar segments also posted strong growth. He added that despite challenges in international markets, Exide expects its core businesses, including auto replacement, inverters, and OEM, to continue their strong growth momentum into the next quarter.
The company also maintained a strong balance sheet with zero debt and robust cash flow generation, providing financial flexibility for future growth initiatives.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.