Exide Industries Ltd
Exide Industries Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
Lead-acid business growth was modest (~4% last year) but expected to improve with initiatives in manufacturing technology and network enhancement. Lead-acid business outlook for FY '26 remains positive across most verticals with advanced product portfolio and pan-India distribution network.
From Exide Industries Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Lead-acid business growth was modest (~4% last year) but expected to improve with initiatives in manufacturing technology and network enhancement.
- 2-wheeler aftermarket showed strong recovery, with quarterly growth rising from 2% in Q1 to 18% in Q4; aggressive growth plans for next year as supply normalizes.
- Solar business grew robustly (~25-27%) and aims to build an INR1,000-1,200 crores franchise next year.
- Auto exports grew 25-30%, with plans to capture more market share.
- Telecom sector demand bottomed out; lead-acid volumes expected stable, lithium demand growing.
- Lithium-ion cell manufacturing capacity expected to ramp up, with commercial production starting FY '26; slow initial ramp but aim for 80% utilization in 2 years, signaling faster growth thereafter.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Exide Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing capital work on lithium-ion cell manufacturing plant with staged commissioning.
- Total equity investment in lithium-ion project by Exide at INR3,602 crores to date.
- Additional INR300 crores equity injected in April 2025 into EESL subsidiary for lithium-ion project.
- Investment of about INR5,000 crores planned for the first phase of lithium-ion plant.
- Capital investment for punched grid technology in 2-wheeler battery production expanded to full capacity by November 2025.
- Continuous casting process improvement investment extended to two more production lines by end of calendar year.
- Emphasis on manufacturing efficiency and new technology for margin improvement.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Exide Industries Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Exide Industries has secured a range of commitments for its lithium-ion cell manufacturing project, ranging from Memorandums of Understanding (MOUs), pack in production, to co-investments with leading e2-wheeler, e3-wheeler, and e4-wheeler OEMs. (Page 5)
- The company is actively engaging with customers for lithium-ion battery contracts and is in the process of homologation and scaling up production. (Page 10)
- No specific quantitative details on the current orderbook or exact pending orders are disclosed; management refrains from giving firm margin or ROCE guidance until production scales to around 80% utilization. (Pages 10-16)
2 more points management made on order book & pipeline
Exide Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.7K Cr, net profit ₹217 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Exide Inds.'s management said in earlier quarters
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Frequently Asked Questions
What were Exide Industries Ltd Q4 FY25 results?
Lead-acid business growth was modest (~4% last year) but expected to improve with initiatives in manufacturing technology and network enhancement. Lead-acid business outlook for FY '26 remains positive across most verticals with advanced product portfolio and pan-India distribution network.
What is Exide Industries Ltd share price analysis?
Exide Industries Ltd currently shows a neutral. The stock trades at a P/E of 43.1 with a market cap of ₹40,468 Cr. Investors should review the full earnings analysis for detailed insights.
Is Exide Industries Ltd planning capital expenditure?
Ongoing capital work on lithium-ion cell manufacturing plant with staged commissioning.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.