Exide Industries Q4 FY26: Profit Jumps 23%; Costs, Exports Weigh on Sentiment; Shares Drop

By Kotak News Desk
|
04 May 2026 at 6:50 PM IST
|
Market News
|
4m

exide-industries-q4-fy26-profit-up-23-percent-312-crore-revenue

Stay updated with the latest stock market developments and trends.

You can set Kotak Neo as a preferred source to receive regular market updates.

Summary

Exide Industries reported a 23% rise in Q4 profit to ₹312 crore, with revenue up 9%. Even so, sentiment stayed muted due to weak exports and higher costs.

Exide Industries posted a net profit of ₹312 crore in the March quarter, up 23% from the same period last year. In comparison to the same period last year, revenue increased by 9.4% to ₹4,551 crore. EBITDA increased 13.4% year-over-year to ₹530 crore, while margins marginally improved to about 11.6%.

Despite the earnings growth, the stock did not see much support. On 4 May 2026, Exide Industries shares closed at ₹359.05, down 0.42% for the day.

What Drove Exide’s Q4 Performance?


Revenue (₹ Cr)	4,551	4,159	17,269	16,588
EBITDA (₹ Cr)	530	467	1,943	1,893
PBT (₹ Cr)	420	343	1,500	1,441
PAT (₹ Cr)	312	255	1,111	1,077
EPS (₹)	3.68	3.00	13.07	12.67

The company’s India operations expanded 12.5% during the quarter, supported by strong demand across vehicle segments. Two-wheelers, three-wheelers and passenger vehicles saw healthy traction, helped by improved affordability and positive sentiment.

The auto OEM business was a key contributor this quarter. It saw over 25% growth on a year-on-year basis and delivered its highest-ever quarterly revenue.

Other segments added to the momentum. The inverters and solar business posted healthy growth, helped by seasonal demand towards the latter part of the quarter.

Not all segments moved in the same direction. The telecom segment saw a sharp drop during the quarter due to the shift towards lithium-ion solutions. Exports, too, were on the softer side.

Why Did Costs And Global Factors Weigh On Sentiment?

The second half of Q4 was severely impacted by the ongoing West Asia conflict. Input prices moved up across categories. Freight charges were higher as well. A weaker rupee added to the strain.

The company, for now, is keeping its focus on profitability and cash flow, given the environment.

Also Read - BHEL Q4 Results: Profit More Than Doubles To ₹1,283 Crore; Stock Up 11%, Hits Upper Circuit

What Lies Ahead For Exide’s Growth And Strategy?

Core segments such as auto replacement, OEM and inverter businesses are expected to remain strong in the coming quarters. Domestic demand continues to provide support.

At the same time, Exide is moving ahead with its lithium-ion plans.

The balance sheet remains strong. The company continues to generate healthy cash flows and carries no debt. The board has proposed a final dividend of ₹2 per share.

Going ahead, the focus will be on two areas. How well the company manages cost pressures, and how quickly its new energy plans start to scale.

Sources:

Exide Industries Press Release

CNBC TV18

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

About the Author