Is Exide Industries Powering a New Growth Cycle in Energy Storage?
About Exide Industries
Exide Industries Ltd, a leading storage battery manufacturer, caters to automotive, industrial, and renewable sectors. The company is investing in advanced lithium-ion facilities to capture the EV and energy storage opportunity.
Q2 FY26 showcased strong topline and operating performance supported by resilient auto demand and the company’s focus on high-margin industrial batteries.
Financial Highlights (Q2 FY26)
| Metric | Q2 FY26 | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4,215 Cr | +14% | +6% |
| EBITDA | ₹480 Cr | +18% | +5% |
| EBITDA Margin | 11.4% | vs 10.9% | vs 11.2% |
| Net Profit | ₹340 Cr | +22% | +7% |
Revenue ₹4,215 Cr — supported by increased OEM battery demand and steady replacement sales.
EBITDA ₹480 Cr — cost control and improved mix lifted operational efficiency.
EBITDA Margin 11.4% — reflecting recovery in both automotive and industrial segments.
Net Profit ₹340 Cr — solidified by better realizations and controlled expenses.
Short-term participants may track Nifty Expiry Trade to gauge index sentiment shifts.
Peer Comparison
| Company | Revenue (₹ Cr) | EBITDA Margin |
|---|---|---|
| Exide Industries | 4,215 | 11.4% |
| Amara Raja Energy | 3,875 | 10.9% |
| HBL Power Systems | 465 | 9.8% |
Exide leads peers with balanced product mix and strong entry into lithium-ion ecosystem.
Strengths & Weaknesses
Strengths
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Weaknesses
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The company is transitioning from traditional lead-acid to advanced energy storage, expanding revenue mix.
Opportunities & Threats
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Transition to lithium-ion presents a multi-year growth runway while legacy battery business remains robust.
Valuation & Investment View
- Short-term: Momentum supported by auto demand.
- Medium-term: Positive due to energy transition investments.
- Long-term: Strong upside as lithium project scales up.
For broader positioning, refer to BankNifty Expiry Trade.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, notes that Exide’s balanced transition strategy positions it as a long-term beneficiary of India’s electrification drive. Explore more such insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
