Exide Industries Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 Aug 2026 | Auto Components | Market Cap: ₹39.1K Cr
Revenue growth of 15%-16% for full year FY27 looks achievable, supported by a favorable base and strong demand in core businesses. The company refrains from giving exact revenue or earnings forecasts due to market uncertainties and base effects in automotive OEM.
From Exide Industries Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Price
₹451
Market Cap
₹39.1K Cr
P/E Ratio
41.6
Revenue Rank
Margin Rank
How does Exide Industries Ltd rank in Auto Components?
Compare Exide Industries Ltd against every Auto Components company this quarter on revenue, margins and earnings-call signals.
Exide Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.7K Cr, net profit ₹217 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 3- →Revenue growth of 15%-16% for full year FY27 looks achievable, supported by a favorable base and strong demand in core businesses.
- →Lithium-ion plant utilization expected to reach 25%-30% in first year (FY27), with growth tied to 2-wheeler, 3-wheeler, telecom, and stationary storage markets.
- →Potential capacity expansion from 6 GWh to 12 GWh in next few years aligned with demand growth.
- →Lead acid battery volumes seeing double-digit growth in multiple segments (4-wheeler replacement 10%, 4-wheeler OEM 21%, 2-wheeler OEM 20%).
- →Aftermarket retrofit market for 3-wheelers (75% of demand) offers fast growth due to existing lead acid battery network transitioning to lithium-ion.
- →BESS segment has easier, faster validation, offering additional revenue avenues post lithium-ion ramp-up.
- →No exact revenue forecast given for lithium-ion due to commodity price volatility, but strong volume ramp-up expected.
📈 Profitability & Margins
Rank 3- →The company refrains from giving exact revenue or earnings forecasts due to market uncertainties and base effects in automotive OEM.
- →Automotive OEM business has shown strong momentum with consecutive quarters of ~25% growth, but a high base in H2 FY27 may temper percentage growth.
- →Lead acid battery volumes and revenues are expected to grow, aided by replacement markets emerging 2.5-3 years after current automotive production.
- →Lithium-ion battery plant utilization is targeted at 25-30% in FY27, with revenues starting shortly from 2-wheeler, 3-wheeler, telecom, and stationary storage markets.
- →Investment and expansion plans remain robust, with INR1,400 crores approved for FY27, aiming to scale to 12 GWh capacity over time.
- →Profit margins in lithium-ion business are initially expected to be low due to reliance on imported cells but expected to improve as in-house technology and scale mature.
- →Lead acid business continues to invest about INR500 crores annually for capacity expansion and technology improvements.
🏗️ Capital Expenditure Plans
Yes- →Approved capex of INR 1,400 crores for FY27, with INR 100 crores already spent in July; remainder planned for upcoming months.
- →Total planned investment around INR 7,000 crores for 12 GWh lithium-ion capacity, subject to slight changes due to currency fluctuations.
- →Phase 1 capex heavy on land, utilities, and infrastructure for 12 GWh capacity; Phase 2 will focus mainly on production machinery with lower capex.
- →Annual core lead-acid business capex around INR 500 crores for capacity expansion, debottlenecking, automation, and technology upgrades.
- →Exploring co-investment with Hyundai for a customized lithium cell line, with progress ongoing but delayed.
- →Potential interest in applying for government PLI scheme expansion (10 GWh) pending further evaluation.
- →Investments prioritizing automation, R&D, and pilot line development to mitigate risks from future tech transfer embargoes.
💰 Fundraising & Capital Structure
No information- →No explicit mention of any current or planned fundraising through debt or equity in the provided transcript.
- →The company remains debt-free and generates healthy operating cash flows.
- →For capex related to lithium-ion battery plant expansion, the company intends to fund investments from operational cash flows.
- →Investment plans include INR1,400 crores approved for FY27 for the lithium-ion business, with potential adjustments depending on requirements and currency fluctuations.
- →There is no indication of plans to raise capital through equity or debt at this time.
📋 Order Book & Pipeline
No information- →No specific details about current or expected order book or pending orders were disclosed in the transcript.
- →For lithium-ion batteries, Exide has supplied samples to major OEMs (covering about 80%-85% of the Indian EV market) who are currently in the homologation process; serial production approvals are awaited.
- →Discussions with 4-wheeler OEMs have begun, with some major players showing interest, but commercial supply is expected after commissioning the fourth production line.
- →For BESS (battery energy storage systems), demand exists with project-based tenders expected to have lower start-up times than OEM segments.
- →Government tenders remain muted as of Q1 FY27 but are expected to pick up in the second half.
- →No public commentary on exact numbers or revenue specifics of order books or pending orders was given.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Exide Industries Ltd Q1 FY27 results?
Revenue growth of 15%-16% for full year FY27 looks achievable, supported by a favorable base and strong demand in core businesses. The company refrains from giving exact revenue or earnings forecasts due to market uncertainties and base effects in automotive OEM.
What is Exide Industries Ltd share price analysis?
Exide Industries Ltd currently shows a below-average growth signal. The stock trades at a P/E of 41.6 with a market cap of ₹39,066 Cr. Investors should review the full earnings analysis for detailed insights.
Is Exide Industries Ltd planning capital expenditure?
Approved capex of INR 1,400 crores for FY27, with INR 100 crores already spent in July; remainder planned for upcoming months.
Keep Exide Industries Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.