Exide Industries Q2 FY27 results: what the company reported
Exide Industries Limited filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on the afternoon of 4 November 2026, after a board meeting held the same day. A press release was filed with the results.
Published 5 November 2026 · Potoos Research Services
In short. For July to September 2026, Exide Industries reported consolidated revenue from operations of Rs 5,291.87 crore, up +21.2% from Rs 4,364.51 crore a year earlier. Consolidated net profit after tax was Rs 287.14 crore, up +65.4% from Rs 173.64 crore.
The numbers
The first two tables are consolidated, in Rs crore, as printed in the company's statement of consolidated results. The change column is worked out by us from the filing's own numbers.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 5,291.87 | 4,364.51 | +21.2% |
| Total income (revenue plus other income) | 5,333.97 | 4,418.17 | +20.7% |
| Profit before tax | 423.73 | 253.33 | +67.3% |
| Net profit after tax | 287.14 | 173.64 | +65.4% |
| Profit attributable to owners of the company | 286.12 | 171.94 | +66.4% |
| EPS, basic and diluted (Rs) | 3.37 | 2.02 | +66.8% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 10,820.25 | 9,059.63 | +19.4% |
| Total income | 10,889.22 | 9,140.86 | +19.1% |
| Profit before tax | 910.76 | 638.24 | +42.7% |
| Net profit after tax | 638.44 | 448.22 | +42.4% |
| Profit attributable to owners of the company | 636.59 | 444.93 | +43.1% |
| EPS, basic and diluted (Rs) | 7.49 | 5.23 | +43.2% |
There were no exceptional items in the consolidated results for the quarter or the half year, in either year. The consolidated statement covers Exide Industries Limited, six subsidiaries (including Exide Energy Solutions Limited) and three associates, as listed in the auditors' review report.
Against the previous quarter (April to June 2026), consolidated revenue from operations was lower: Rs 5,291.87 crore against Rs 5,528.38 crore, a change of -4.3%. Consolidated net profit after tax was Rs 287.14 crore against Rs 351.30 crore, a change of -18.3%.
Exide Industries Limited on its own (standalone)
Exide also filed standalone results, for Exide Industries Limited alone without its subsidiaries. Also in Rs crore:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 5,026.14 | 4,178.29 | +20.3% |
| Total income | 5,068.58 | 4,220.72 | +20.1% |
| Profit before tax | 522.32 | 297.58 | +75.5% |
| Net profit after tax | 386.45 | 220.74 | +75.1% |
| EPS, basic and diluted (Rs) | 4.55 | 2.60 | +75.0% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 10,331.19 | 8,688.10 | +18.9% |
| Total income | 10,387.67 | 8,748.69 | +18.7% |
| Profit before tax | 1,065.64 | 727.28 | +46.5% |
| Net profit after tax | 793.71 | 541.19 | +46.7% |
| EPS, basic and diluted (Rs) | 9.34 | 6.37 | +46.6% |
There were no exceptional items in the standalone results for the quarter or the half year, in either year. Against April to June 2026, standalone revenue from operations was Rs 5,026.14 crore against Rs 5,305.05 crore (-5.3%) and standalone net profit after tax was Rs 386.45 crore against Rs 407.26 crore (-5.1%).
The headline of the company's press release reads “H1 FY27 Revenue growth 18.9%, PAT growth 46.7%”. Both figures are standalone and for the half year: our own working from the standalone table gives +18.9% for revenue from operations and +46.7% for net profit after tax. On the consolidated basis, the half-year changes are +19.4% and +42.4%.
What the company said
These are the company's own words, from the press release and the notes to the results it filed with NSE on 4 November 2026.
“During Q2, standalone revenues grew 20.3% YoY to Rs. 5,026 Crore.”
Exide Industries press release, 4 November 2026
“On a YoY basis, input costs remained elevated due to prolonged geopolitical challenges.”
Exide Industries press release, 4 November 2026
“The Company infused Rs. 550 Crores of equity into Exide Energy Solutions Limited (EESL) between April 2026 and October 2026, taking the cumulative equity investment to Rs. 5,352 crores.”
Exide Industries press release, 4 November 2026
On the lithium-ion cell factory, note 4 to the consolidated results says that Exide Energy Solutions Limited (EESL), which the company calls a material subsidiary, “has completed the commissioning of 6 GWh lithium-ion cell manufacturing facility” at Devanahalli, Bengaluru, Karnataka, on 23 September 2026. The press release gives the same date.
What the auditors said
The figures are unaudited. The statutory auditors, B S R & Co. LLP, Chartered Accountants, carried out a limited review, which is lighter than a full audit. Their review reports, dated 4 November 2026, have no emphasis of matter. The consolidated report notes that one subsidiary was reviewed by another auditor, and that four subsidiaries and three associates were not reviewed; for these, the report says the company's management told the auditors the figures are not material to the group. It says its conclusion is not modified in respect of these matters.
Dates
- Board meeting: 4 November 2026, from 12:00 noon to 1:08 p.m. IST. The board approved the results at this meeting. The Audit Committee reviewed them earlier the same day.
- Filed with NSE: 4 November 2026 at 13:19 IST (results), followed by the press release at 13:28 IST.
- Dividend: none declared in this filing.
- Also at this meeting: the board approved changing the company's Registrar and Share Transfer Agent from MUFG Intime India Private Limited to Maheshwari Datamatics Private Limited. The company said the date of the change will be announced separately.
Consolidated and standalone: consolidated figures add up Exide Industries and its subsidiaries, including the lithium-ion business Exide Energy Solutions Limited, as one group. Standalone figures cover Exide Industries Limited alone.
Owners of the company: the part of the group's profit that belongs to Exide's own shareholders. The rest belongs to outside shareholders in subsidiaries Exide does not fully own. EPS is worked out on the owners' part.
Rs crore: one crore is one hundred lakh, or ten million rupees. The filing reports in crore, so this page does too.
Q2 FY27: the second quarter of the financial year that runs from April 2026 to March 2027.
Source
- Exide Industries, outcome of board meeting with unaudited standalone and consolidated results and limited review reports, 4 November 2026. nsearchives.nseindia.com
- Exide Industries, press release “H1 FY27 Revenue growth 18.9%, PAT growth 46.7%”, 4 November 2026, filed with the full results document. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company's filing, and every percentage change is worked out from the filing's own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was Exide Industries’ revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 5,291.87 crore, against Rs 4,364.51 crore in July to September 2025, a change of +21.2%. Standalone revenue from operations, for Exide Industries Limited alone, was Rs 5,026.14 crore, against Rs 4,178.29 crore, a change of +20.3%.
Did Exide Industries’ profit go up or down in Q2 FY27?
Up. Consolidated net profit after tax for the quarter was Rs 287.14 crore, against Rs 173.64 crore a year earlier, a change of +65.4%. Standalone net profit after tax was Rs 386.45 crore, against Rs 220.74 crore, a change of +75.1%.
Are the 18.9% and 46.7% in the press release headline standalone or consolidated?
Standalone, for the half year. Standalone revenue from operations for April to September 2026 was Rs 10,331.19 crore against Rs 8,688.10 crore (+18.9%), and standalone net profit was Rs 793.71 crore against Rs 541.19 crore (+46.7%). On a consolidated basis the half-year changes were +19.4% for revenue and +42.4% for net profit.
What did Exide say about its lithium-ion cell factory?
In note 4 to the consolidated results, the company said its subsidiary Exide Energy Solutions Limited (EESL) completed the commissioning of a 6 GWh lithium-ion cell manufacturing facility at Devanahalli, Bengaluru, Karnataka, on 23 September 2026.
Did Exide Industries declare a dividend with these results?
No dividend was declared in the results filing of 4 November 2026.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.