Exide Industries , a leading battery manufacturer in India, has reported strong financial results for the quarter, demonstrating resilience in challenging market conditions.

Financial Highlights

Exide Industries reported a 24% year-on-year increase in consolidated net profit to Rs 275.00 crore, compared to Rs 221.00 crore in the same period last year. Consolidated revenue from operations grew 5.9% to Rs 4,695.00 crore from Rs 4,436.00 crore previously.

The company saw significant improvements in its profitability metrics:

The company's EBITDA margin on a standalone basis improved to 12.2% during the quarter, driven by better price realization, favorable product mix, and cost optimization measures.

Business Performance

Exide Industries reported mixed performance across its various business segments:

• The quarter saw double-digit growth in auto replacement, solar, and industrial UPS segments.
• However, demand remained subdued in auto OEM and exports verticals.

Lithium-Ion Project Update

Exide Energy Solutions Ltd (EESL), the company's lithium-ion cell manufacturing subsidiary, invested Rs 300.00 crore in the quarter with an additional Rs 100.00 crore in July. The greenfield facility is expected to begin production by the end of the fiscal year.

Looking Forward

Exide Industries continues to focus on innovation, cost efficiency, and expanding its presence in the emerging lithium-ion market to maintain its leadership position in the Indian battery industry. The company's investments in new technologies and production facilities demonstrate its commitment to long-term growth and adaptation to changing market demands.

Exide Industries Limited (EIL), a leading battery manufacturer in India, has made a significant move to bolster its presence in the advanced battery technology sector. The company has invested ₹100 crore (1 billion rupees) in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), to support the manufacturing of advanced chemistry battery cells.

Investment Details

According to a recent disclosure filed with the stock exchanges, Exide Industries has subscribed to 2,50,00,000 equity shares of EESL at ₹40.00 per share, which includes a premium of ₹30.00 per share. This investment, made on a rights basis, brings the total investment by Exide Industries in EESL to ₹3,702.23 crore.

Purpose of Investment

The funds are earmarked for EESL's ongoing project to establish a greenfield plant in Bengaluru. This facility will focus on manufacturing and selling lithium-ion battery cells, modules, and packs, primarily targeting India's growing electric vehicle market and stationary applications.

Subsidiary Overview

Exide Energy Solutions Limited, incorporated on March 24, 2022, is wholly owned by Exide Industries. As of March 31, 2025, EESL reported:

Strategic Importance

This investment underscores Exide Industries' commitment to expanding its capabilities in advanced battery technology. By focusing on lithium-ion batteries, the company is positioning itself to meet the increasing demand for high-performance energy storage solutions in the rapidly evolving electric vehicle and renewable energy sectors.

Market Implications

The move by Exide Industries reflects the growing importance of advanced battery technologies in India's industrial landscape. As the country pushes for greater adoption of electric vehicles and renewable energy, companies like Exide are playing a crucial role in developing the necessary infrastructure and technologies.

This strategic investment not only strengthens Exide's position in the market but also contributes to the broader goal of enhancing India's capabilities in advanced energy storage solutions.