# Exide Industries (EXIDEIND) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/exideind

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹357
- Change: -1.52%
- As of: 2026-11-06
- 1D return: -1.52%
- 5D return: +6.41%
- 1M return: -9.60%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, EXIDEIND (₹357.0) exhibits a conflicting technical structure: the daily and weekly trends are bearish with established conviction, while the monthly trend remains bullish but weak. On the daily chart, price is below all key moving averages (EMA/SMA 20/50/200) and the Supertrend, confirming short-term weakness. The ADX of 33.43 indicates this downtrend has strength. However, extreme volume spikes on 2026-11-04 (+9.2% range, 5.91x volume ratio) and 2026-10-28 suggest significant participation and potential absorption at lower levels. The stock is trading in the lower-middle of its 20-day and 252-day ranges. Immediate resistance lies at ₹366.17 (pivot, +2.57%), with further hurdles at ₹373.48 and ₹374.12. Support is near ₹355.18 (-0.51%) and ₹347.87 (-2.56%). A monthly 'Inside Bar' formation adds to the consolidation narrative. The setup is invalid if price sustains above the daily Supertrend or breaks decisively through ₹374.12; it is strengthened if price fails to hold ₹347.87 amid high volatility (ATR 3.83%).

- Trend Conflict: Daily/weekly trends are bearish (ADX 25, price below Supertrend), while monthly trend is bullish but weak (ADX 16.3).
- Key Levels: Resistance at ₹366.17 (+2.57%) and ₹374.12 (+4.80%); Support at ₹355.18 (-0.51%) and ₹347.87 (-2.56%).
- Momentum & Participation: Extreme volume anomalies on 2026-11-04 (5.91x ratio) and 2026-10-28 indicate active buying interest despite the downtrend.
- Risk Profile: Current drawdown is -27.2% from highs; annualized volatility is +29.5%, suggesting elevated risk for short-term moves.

- Inside Bar
- Morning Star

### News Context

Exide Industries reported strong financial performance for Q2FY27, with standalone net profit surging 75% year-on-year to ₹386.45 crore, supported by a nearly 20% revenue increase. This growth was driven by double-digit expansion across its core segments: automotive OEM (over 25%), replacement, and exports (more than 20%). The company attributed the margin improvement, marked by a 270 basis point EBITDA expansion, to calibrated price increases, volume growth, and cost optimization, which helped offset elevated input costs from geopolitical challenges and currency headwinds. Operationally, Exide commissioned a new lithium-ion cell gigafactory and signed a strategic agreement with ExCom Energy Solutions GmbH to expand its industrial battery business in the European Economic Area.

- Q2FY27 standalone net profit rose 75% YoY to ₹386.45 crore, with revenue growing nearly 20%.
- EBITDA margins expanded by 270 basis points, driven by price hikes and cost optimization despite currency and input cost pressures.
- Automotive OEM segment grew over 25%, while exports increased more than 20%.
- New operational milestones include the commissioning of a lithium-ion cell gigafactory and a strategic partnership with ExCom Energy Solutions GmbH for European industrial battery expansion.

- [Exide Industries reports 75% profit growth in Q2 on strong revenue](https://timesofindia.indiatimes.com/city/kolkata/exide-industries-reports-75-profit-growth-in-q2-on-strong-revenue/articleshow/135542936.cms)
- [Exide Industries Q2 net jumps 75% to ₹386.45 crore](https://www.thehindubusinessline.com/companies/exide-industries-q2-net-jumps-75-to-38645-crore/article71666239.ece)

### What Changed

As of November 6, 2026, Exide Industries (NSE: EXIDEIND) has reported a decline in its share price to ₹357.00, down from the previous recorded level of ₹368.40. This price adjustment coincides with a corporate filing submitted on November 5, 2026, wherein the company informed the National Stock Exchange regarding the audio and video recording of an Analyst/Investor Meet under Para A-XBRL protocols. The availability of these recordings suggests active engagement with market participants, though the immediate financial implication of this communication on valuation remains undefined within the current data set.

- Share price declined to ₹357.00 on November 6, 2026, compared to the prior snapshot of ₹368.40.
- On November 5, 2026, the company filed an announcement regarding the audio/video recording of an Analyst/Investor Meet.
- No other news developments or technical trend shifts are currently reported for this period.

- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)

### Official Filings

Exide Industries Limited reported strong H1 FY27 financial results, with revenue growing 18.9% to ₹10,331 Crore and PAT increasing 46.7% to ₹794 Crore. The company maintains a zero-debt status. A key strategic development is the commissioning of a 6 GWh lithium-ion cell gigafactory by subsidiary Exide Energy Solutions Limited (EESL) in Bengaluru on September 23, 2026, which has begun commercial production of NMC cylindrical and LFP prismatic cells. Additionally, the Board approved a change in Registrar and Share Transfer Agent from MUFG Intime India Private Limited to Maheshwari Datamatics Private Limited.

- H1 FY27 Revenue: ₹10,331 Crore (+18.9% YoY); PAT: ₹794 Crore (+46.7% YoY).
- Q2 FY27 Performance: Revenue ₹5,026 Crore (+20.3% YoY); PAT ₹386 Crore (+75.1% YoY).
- Strategic Milestone: EESL commissioned a 6 GWh lithium-ion cell gigafactory in Bengaluru (Sept 23, 2026), now producing NMC cylindrical and LFP prismatic cells.
- Governance Update: Registrar changed to Maheshwari Datamatics Private Limited; Company remains debt-free.

- [Exide Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EXIDEIND_05112026152622_signedSEAUDIORECORDING.pdf)
- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)
- [Exide Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026131738_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Registrar & Share Transfer Agent Update |SUBJECT: Registrar & Share Transfer Agent Update](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132153_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "H1 FY27 Revenue growth 18.9%, PAT growth 46.7%. Sustained Momentum in Q2. 6 GWh of Lithium-ion Cell Gigafactory Commissioned". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132756_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026133842_SIGNEDSEEXIDEINVESTORPRESEN.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752589_04112026040552_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752588_04112026040546_WEB.xml)
- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261031_112813456.xml)
- [Exide Industries Limited has informed the Exchange about intimation of Earnings Call Q2 FY 2026-27 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EXIDEIND_31102026113042_sdEarningsCall.pdf)

### Fundamentals

Exide Industries reported sequential declines in both revenue and profitability for Q2 FY2026-27, with sales falling to ₹5,292 crore from ₹5,528 crore in Q1. Net profit dropped to ₹287 crore from ₹351 crore, resulting in a lower EPS of ₹3.37 compared to ₹4.12 in the prior quarter. Despite this quarterly softness, the trailing twelve months (TTM) show resilience, with TTM sales reaching ₹18,829 crore and TTM net profit at ₹937 crore. The company’s balance sheet reflects significant expansionary activity, evidenced by Capital Work-in-Progress (CWIP) rising to ₹4,198 crore by March 2026, while borrowings decreased to ₹1,575 crore from their peak of ₹2,017 crore in March 2025. Cash flow quality improved markedly, with CFO/EBITDA jumping to 150% in March 2026 and cash conversion cycle compressing sharply to 42 days from 74 days a year earlier. However, working capital management remains a point of observation, as inventory days increased to 120 days in March 2026, though debtor days improved slightly to 32 days. Promoter holding remained stable at 45.99% through September 2026.

- Q2 FY2026-27 sequential decline: Sales fell to ₹5,292 crore and net profit to ₹287 crore, reversing the growth seen in Q1.
- Strong TTM performance: Trailing twelve-month sales are ₹18,829 crore with net profit of ₹937 crore, indicating underlying volume or price stability despite recent quarterly fluctuations.
- Improved cash efficiency: Cash conversion cycle compressed to 42 days (March 2026) from 74 days, and CFO/EBITDA ratio rose to 150%, signaling better operating cash generation.
- Balance sheet expansion: CWIP grew to ₹4,198 crore by March 2026, suggesting ongoing capacity addition, while borrowings reduced to ₹1,575 crore.

### Bull Case

Exide Industries delivered a sharp operational turnaround in Q2FY27, with standalone net profit surging 75% year-on-year to ₹386.45 crore. This growth was underpinned by a 20% revenue increase and a significant 270 basis point expansion in EBITDA margins, driven by calibrated price hikes, volume gains, and cost optimization. The performance was broad-based across automotive OEM (up >25%), replacement, and export segments (>20%). Strategic initiatives include commissioning a new lithium-ion cell gigafactory and signing an agreement with ExCom Energy Solutions GmbH to expand industrial battery presence in the European Economic Area. While these fundamentals present a strong constructive case, the stock faces near-term technical headwinds, trading at ₹357.00 with a daily Supertrend signal remaining bearish and a current drawdown of -27.2%. The monthly trend, however, retains a bullish Supertrend direction, suggesting that if the company can sustain its margin expansion and navigate elevated input costs and currency headwinds, the underlying business momentum supports a positive outlook despite the recent price weakness.

- Q2FY27 standalone net profit rose 75% YoY to ₹386.45 crore, supported by 20% revenue growth and 270 bps EBITDA margin expansion.
- Strong segmental performance: Automotive OEM grew 25%, exports grew 20%, and a new lithium-ion gigafactory has been commissioned.
- Strategic expansion into Europe via an agreement with ExCom Energy Solutions GmbH for industrial batteries.
- Technical context: Daily trend is bearish (-27.2% drawdown), but monthly Supertrend remains bullish; key resistance lies at ₹366.17.

- [Exide Industries reports 75% profit growth in Q2 on strong revenue](https://timesofindia.indiatimes.com/city/kolkata/exide-industries-reports-75-profit-growth-in-q2-on-strong-revenue/articleshow/135542936.cms)
- [Exide Industries Q2 net jumps 75% to ₹386.45 crore](https://www.thehindubusinessline.com/companies/exide-industries-q2-net-jumps-75-to-38645-crore/article71666239.ece)
- [Exide Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EXIDEIND_05112026152622_signedSEAUDIORECORDING.pdf)
- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)
- [Exide Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026131738_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Registrar & Share Transfer Agent Update |SUBJECT: Registrar & Share Transfer Agent Update](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132153_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "H1 FY27 Revenue growth 18.9%, PAT growth 46.7%. Sustained Momentum in Q2. 6 GWh of Lithium-ion Cell Gigafactory Commissioned". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132756_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026133842_SIGNEDSEEXIDEINVESTORPRESEN.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752589_04112026040552_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752588_04112026040546_WEB.xml)

### Bear Case

Exide Industries reported strong Q2FY27 fundamentals, with standalone net profit rising 75% year-on-year to ₹386.45 crore and revenue growing nearly 20%. However, the stock's technical setup presents significant cautionary signals for investors. As of November 6, 2026, the daily Supertrend is bearish, supported by a negative slope in both the 20-day EMA (-4.57) and SMA (-12.3). The stock has experienced substantial recent underperformance, falling -24.7% over the last three months and -15.3% since the start of the tracking period. Current price action shows a drawdown of -27.2%, approaching the maximum historical drawdown of -32.9%. While monthly trends remain bullish, the immediate daily and weekly momentum indicators suggest near-term weakness, with the stock trading below key short-term moving averages.

- Daily technical trend is bearish as of November 6, 2026, with the Supertrend direction signaling downside pressure and negative slopes in both the 20-day EMA (-4.57) and SMA (-12.3).
- Recent performance metrics indicate significant correction: the stock is down -24.7% over the past three months and -15.3% since the start of the current tracking period.
- The current drawdown stands at -27.2%, nearing the maximum observed drawdown of -32.9%, while annualized volatility remains elevated at +29.5%.
- Weekly momentum also reflects weakness, with the Supertrend bearish and the 20-day EMA slope steeply negative at -24.05, contrasting with the longer-term monthly bullish bias.

- [Exide Industries reports 75% profit growth in Q2 on strong revenue](https://timesofindia.indiatimes.com/city/kolkata/exide-industries-reports-75-profit-growth-in-q2-on-strong-revenue/articleshow/135542936.cms)
- [Exide Industries Q2 net jumps 75% to ₹386.45 crore](https://www.thehindubusinessline.com/companies/exide-industries-q2-net-jumps-75-to-38645-crore/article71666239.ece)
- [Exide Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EXIDEIND_05112026152622_signedSEAUDIORECORDING.pdf)
- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)
- [Exide Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026131738_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Registrar & Share Transfer Agent Update |SUBJECT: Registrar & Share Transfer Agent Update](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132153_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "H1 FY27 Revenue growth 18.9%, PAT growth 46.7%. Sustained Momentum in Q2. 6 GWh of Lithium-ion Cell Gigafactory Commissioned". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132756_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026133842_SIGNEDSEEXIDEINVESTORPRESEN.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752589_04112026040552_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752588_04112026040546_WEB.xml)

### FAQs

**How did Exide Industries perform financially in Q2 FY27?**

For the quarter ended September 30, 2026 (Q2 FY27), Exide Industries reported a standalone net profit of ₹386.45 crore, marking a 75% year-on-year increase. Revenue grew by nearly 20%, supported by double-digit expansion across automotive OEM, replacement, and export segments. EBITDA margins expanded by 270 basis points to 19.7%, driven by calibrated price increases and cost optimization.

**What strategic capacity expansions has the company announced?**

On September 23, 2026, subsidiary Exide Energy Solutions Limited commissioned a 6 GWh lithium-ion cell gigafactory in Bengaluru. Additionally, the company signed a strategic agreement with ExCom Energy Solutions GmbH to expand its industrial battery business within the European Economic Area, signaling a move into new geographic and product markets.

**What is the current technical trend for EXIDEIND shares?**

As of November 6, 2026, the daily technical trend is bearish, with the stock trading at ₹357.00, down 1.5% from the previous close. The stock is currently 27.2% below its recent peak. Key resistance levels are identified at ₹366.17 and ₹373.48, while immediate support sits near ₹355.18.

- [Exide Industries reports 75% profit growth in Q2 on strong revenue](https://timesofindia.indiatimes.com/city/kolkata/exide-industries-reports-75-profit-growth-in-q2-on-strong-revenue/articleshow/135542936.cms)
- [Exide Industries Q2 net jumps 75% to ₹386.45 crore](https://www.thehindubusinessline.com/companies/exide-industries-q2-net-jumps-75-to-38645-crore/article71666239.ece)
- [Exide Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/EXIDEIND_05112026152622_signedSEAUDIORECORDING.pdf)
- [EXIDE INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)
- [Exide Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026131738_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Registrar & Share Transfer Agent Update |SUBJECT: Registrar & Share Transfer Agent Update](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132153_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "H1 FY27 Revenue growth 18.9%, PAT growth 46.7%. Sustained Momentum in Q2. 6 GWh of Lithium-ion Cell Gigafactory Commissioned". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132756_signedOUTCOMEOFBM041126.pdf)
- [Exide Industries Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026133842_SIGNEDSEEXIDEINVESTORPRESEN.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752589_04112026040552_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752588_04112026040546_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹366.17
- Risk regime: Price Risk Requires Attention

### Support levels
- 344.75468750000005
- 339.3203125
- 332.23359375

### Resistance levels
- 374.125
- 377.175
- 380.27812500000005

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.52% |
| return_10 | +7.55% |
| return_1m | -12.01% |
| return_1y | -6.02% |
| return_20 | -9.60% |
| return_3m | -24.72% |
| return_5 | +6.41% |
| return_6m | +1.51% |
| return_since_start | -15.27% |
| return_ytd | -1.72% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -32.89% |
| annualized_volatility | +29.47% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Exide Industries Limited Q2 FY2026-27: Profit rises year on year

Exide Industries reported Q2 FY2026-27 revenue from operations of ₹5,292 crore, up 21.2% year on year but down 4.3% from Q1. Profit for the period rose 65.4% year on year to ₹287 crore, while declining 18.3% sequentially; basic EPS was ₹3.37, versus ₹4.12 in Q1.

## Revenue and expenses

Revenue from operations was ₹5,291.87 crore in Q2 FY2026-27, compared with ₹5,528.38 crore in Q1 and ₹4,364.51 crore in Q2 FY2025-26. Total expenses fell 3.1% sequentially to ₹4,910.68 crore from ₹5,068.78 crore. Profit before tax was ₹423.29 crore, down ₹63.18 crore from Q1.

Other expenses edged up to ₹710.79 crore from ₹705.10 crore in Q1 and were higher than the ₹656.20 crore reported in Q2 FY2025-26. Finance costs rose to ₹31.02 crore from ₹19.81 crore sequentially, but remained below ₹39.74 crore a year earlier.

## Profit and tax

Profit before tax of ₹423.29 crore was 13.0% lower than Q1 FY2026-27’s ₹486.47 crore and 67.1% higher than Q2 FY2025-26’s ₹253.24 crore. Profit for the period was ₹287.14 crore, compared with ₹351.30 crore in Q1 and ₹173.64 crore a year earlier.

Tax expense was ₹136.59 crore, little changed from ₹135.73 crore in Q1 and up from ₹79.69 crore in Q2 FY2025-26. Basic EPS declined to ₹3.37 from ₹4.12 sequentially, while remaining above ₹2.02 a year earlier.

## Comprehensive income

Comprehensive income was a loss of ₹118.52 crore in Q2, compared with income of ₹234.77 crore in Q1 FY2026-27. Other comprehensive income was negative ₹405.66 crore, including a negative ₹478.90 crore from items that will not be reclassified to profit and loss. The OCI loss more than offset the quarter’s positive profit for the period.

## Cash flow and balance sheet

Operating cash flow was ₹437.99 crore in Q2. Investing and financing activities used ₹386.48 crore and ₹180.34 crore, respectively; reported free cash flow was ₹51.51 crore. Cash and cash equivalents stood at ₹123.05 crore on 30 September 2026, compared with ₹250.81 crore on 31 March 2026.

Property, plant and equipment increased to ₹7,972.27 crore from ₹3,936.74 crore at 31 March, while capital work in progress declined to ₹166.78 crore from ₹3,937.84 crore. Noncurrent investments fell to ₹4,690.91 crore from ₹5,299.56 crore. Total assets were ₹21,191.37 crore at 30 September, and equity attributable to owners of the parent was ₹13,849.26 crore, compared with ₹13,904.85 crore at 31 March.

## Key Takeaway

Q2 delivered strong year-on-year growth in revenue and profit, but both eased from Q1. Positive operating cash flow exceeded investing outflows, leaving reported free cash flow modest, while the substantial OCI loss pushed comprehensive income into negative territory.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +45.99%
- FII holding: +13.21%
- DII holding: +17.57%
- Mutual fund holding: +6.90%
- Retail holding: +15.45%
- Promoter pledged: +0.00%

### Major reported shareholders

- Chloride Eastern Limited — +45.99%
- Life Insurance Corporation Of India — +5.27%
- Hathway Investments Private Limited — +4.32%
- Government Pension Fund Global — +2.28%
- Franklin India Flexi Cap Fund — +1.73%
- Sbi Life Insurance Co. Ltd — +1.68%

## Official filings

- 2026-11-05 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_05112026152622_signedSEAUDIORECORDING.pdf)
- 2026-11-05 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261105_154240443.xml)
- 2026-11-04 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026131738_signedOUTCOMEOFBM041126.pdf)
- 2026-11-04 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132153_signedOUTCOMEOFBM041126.pdf)
- 2026-11-04 — Press Release: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026132756_signedOUTCOMEOFBM041126.pdf)
- 2026-11-04 — Earnings Presentation: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_04112026133842_SIGNEDSEEXIDEINVESTORPRESEN.pdf)
- 2026-11-04 — Financial Results Filing: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752589_04112026040552_WEB.xml)
- 2026-11-04 — Financial Results Filing: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1752588_04112026040546_WEB.xml)
- 2026-10-31 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20261031_112813456.xml)
- 2026-10-31 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_31102026113042_sdEarningsCall.pdf)
- 2026-10-27 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_27102026174521_sdREG_30_EESL_27102026.pdf)
- 2026-10-27 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_129_WebXMLFile_20261027_175232906.xml)
- 2026-10-22 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_22102026184520_sdSEREG74SEP26.pdf)
- 2026-10-13 — Shareholding Disclosure: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1736957_13102026041727_WEB.xml)
- 2026-10-09 — Financial Results Filing: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1735040_09102026053250_WEB.xml)
- 2026-09-29 — Board Meeting Notice: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_29092026142521_sdSEP26_BM_NOTICE.pdf)
- 2026-09-29 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_29092026172357_sdREG30EESL29092026.pdf)
- 2026-09-23 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_23092026161655_sdREG30_EESL.pdf)
- 2026-09-17 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_17092026170056_sdRelodgement_SE.pdf)
- 2026-09-16 — Press Release: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_16092026075203_sdSELETTEREILEXCOM.pdf)
- 2026-09-08 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_08092026150119_sdFinalSENP.pdf)
- 2026-08-25 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_25082026154757_sdSEClosureTradingWindow.pdf)
- 2026-08-25 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_129_WebXMLFile_20260825_155038843.xml)
- 2026-08-18 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/EXIDEIND_18082026165618_SDReg30EESL180826.pdf)
- 2026-08-06 — Generic Announcement: Exide Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_129_WebXMLFile_20260806_145132690.xml)

## News and market events

- 2026-11-04 — Times of India: **Exide Industries reports 75% profit growth in Q2 on strong revenue** — Exide Industries reported a 75% year-on-year increase in standalone net profit to Rs 386.4 crore for Q2FY27, supported by nearly 20% revenue growth driven by strong performance in OEM, replacement, and export segments. The company noted double-digit growth across its main businesses, including over 25% expansion in the automotive OEM segment and more than 20% growth in exports, while also signing a strategic agreement with ExCom Energy Solutions GmbH to expand its industrial battery business in the European Economic Area. — [Source](https://timesofindia.indiatimes.com/city/kolkata/exide-industries-reports-75-profit-growth-in-q2-on-strong-revenue/articleshow/135542936.cms)
- 2026-11-04 — The Hindu: **Exide Industries Q2 net jumps 75% to ₹386.45 crore** — Exide Industries reported a 75% year-on-year increase in standalone net profit to ₹386.45 crore for Q2FY27, driven by a 20% rise in revenue and a 270 basis point expansion in EBITDA margins. The company attributed this performance to calibrated price increases, volume growth, and cost optimization, despite elevated input costs from geopolitical challenges and currency headwinds. Growth was broad-based across automotive OEM, replacement, and export segments, alongside the recent commissioning of a new lithium-ion cell gigafactory. — [Source](https://www.thehindubusinessline.com/companies/exide-industries-q2-net-jumps-75-to-38645-crore/article71666239.ece)
- 2026-10-28 — The Hindu: **Buzzing stocks: Infy, Midhani, Choice Intl, Kothari Industrial, Subros, Gulf Oil, Exide, Steamhouse** — Global deal activity and strategic partnerships drive momentum across tech, manufacturing, and energy sectors, with major investments, MoUs, and contract wins shaping growth prospects for Infosys, Choice Intl, MIDHANI, Subros, Gulf Oil, Exide, and more. — [Source](https://www.thehindubusinessline.com/markets/buzzing-stocks-infy-midhani-choice-intl-kothari-industrial-subros-gulf-oil-exide-steamhouse/article71634126.ece)
- 2026-10-07 — Mint: **Four EV battery stocks with strong future roadmap** — These four EV battery stocks stand out for their strong growth roadmap and ambitious plans linked to the EV battery space. — [Source](https://www.livemint.com/market/stock-market-news/four-ev-battery-stocks-with-strong-future-roadmap-11791283445075.html)
- 2026-09-30 — The Hindu: **20 stocks to hog the limelight in Wednesday’s trade, including Tata Steel, Time Technoplast, Shiva Cement/JSW Cement, KPI Energy, Exide Industries, Ganesh Benzoplast, and Power Mech Projects** — Broad gains in metals, energy, and engineering amid strategic deals, acquisitions, and large-scale EPC orders — [Source](https://www.thehindubusinessline.com/markets/20-stocks-to-hog-the-limelight-in-wednesdays-trade-including-tata-steel-time-technoplast-shiva-cementjsw-cement-kpi-energy-exide-industries-ganesh-benzoplast-and-power-mech-projects/article71526558.ece)
- 2026-09-29 — Mint: **Top stocks in focus tomorrow: Investors must watch Tata Steel, KSB, Power Mech, TCI shares on Wed, 30 Sept | Triggers** — Investors in the Indian stock market are set to focus on companies like KSB and Punjab & Sind Bank on September 30 due to significant financing activities and project developments. Highlights include Tata Steel's $2 billion infusion and Capital India Finance's ₹100 crore fundraising. — [Source](https://www.livemint.com/market/top-stocks-in-focus-tomorrow-investors-must-watch-tata-steel-ksb-power-mech-tci-shares-on-wed-30-sept-triggers-11790695244837.html)
- 2026-09-25 — Economic Times: **Jefferies’ Chris Wood calls energy India’s best structural growth story; names Hitachi Energy as picks-and-shovels play** — Christopher Wood, the global head of equity strategy at Jefferies, identifies India's energy sector as a promising arena for growth, driven by the shift toward renewable energy sources like solar. Hitachi Energy India's CEO anticipates a significant 50% increase in energy demand by 2035, suggesting that electricity consumption could double. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jefferies-chris-wood-calls-energy-indias-best-structural-growth-story-names-hitachi-energy-as-picks-and-shovels-play/articleshow/134480234.cms)
- 2026-09-25 — MONEYCONTROL: **Business News Live: Bharat Dynamics bags Rs 810.79 crore defence order** — business news, business news live, inida business, ipo, nse, bse, corporate announcements — [Source](https://www.moneycontrol.com/news/business/india-business-news-live-business-news-gold-silver-rbi-gmp-ipo-sebi-liveblog-14037869.html)
- 2026-09-24 — BUSINESSTODAY: **Exide Industries shares rise after subsidiary commissions Phase-I of lithium-ion cell facility** — Exide Industries, Exide Industries shares, Exide Energy Solutions, EESL, lithium-ion cells, lithium-ion battery, battery manufacturing, 6 GWh, Devanahalli, Bengaluru, electric vehicles, EV batteries, energy storage, stocks in focus — [Source](https://www.businesstoday.in/markets/stocks/story/exide-industries-shares-rise-after-subsidiary-commissions-phase-i-of-lithium-ion-cell-facility-557436-2026-09-24)
- 2026-09-24 — MONEYCONTROL: **Price Action: Avantel shares surge 8% on order win; Macquarie initiates 'neutral' rating on Angel One** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/price-action-avantel-shares-surge-8-on-order-win-macquarie-initiates-neutral-rating-on-angel-one-14036936.html)
- 2026-09-23 — CNBC-TV18: **Stocks to Watch for September 24: NTPC, Bharat Dynamics, Exide Industries, Concord Biotech and more** — From NTPC paying a final dividend of ₹3,393.83 crore for FY26 to the Ministry of Defence signing an ₹810.79-crore contract with Bharat Dynamics Ltd (BDL) for 160 Satellite Smart Anti-Airfield Weapons and associated equipment for the Indian Air Force, here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-24-ntpc-bharat-dynamics-exide-industries-concord-biotech-and-more-19996826.htm)
- 2026-09-23 — CNBC-TV18: **Exide Industries arm commissions phase-I of 6 GWh lithium-ion cell manufacturing plant** — Shares of Exide Industries Ltd ended at ₹426.65, down by ₹2.75, or 0.64%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/exide-industries-share-price-arm-commissions-phase-i-of-6-gwh-lithium-ion-cell-manufacturing-plant-19996773.htm)
- 2026-09-16 — MONEYCONTROL: **Taking Stock: Market snaps 2-day losing streak; Nifty above 23,200, Sensex gains 332 pts ahead of FOMC decision** — Stock Market Today,Taking Stock,Sensex,Nifty,Market Today,Sensex Today, Nifty Today,Stock Market Today,India Stock Market Today,Share Market Today — [Source](https://www.moneycontrol.com/news/business/markets/taking-stock-market-snaps-2-day-losing-streak-nifty-above-23-200-sensex-gains-332-pts-ahead-of-fomc-decision-14031105.html)
- 2026-09-16 — BUSINESSTODAY: **Exide Industries, Germany’s ExCom sign strategic pact to expand industrial battery business in Europe** — Exide Industries, Germany’s ExCom sign strategic pact to expand industrial battery business in Europe — [Source](https://www.businesstoday.in/latest/corporate/story/exide-industries-germanys-excom-sign-strategic-pact-to-expand-industrial-battery-business-in-europe-555817-2026-09-16)
- 2026-09-16 — BUSINESSTODAY: **Exide Industries shares rise 2% on pact with ExCom for European battery market** — Exide Industries, Exide Industries shares, Exide Industries stock, Exide Industries battery business, ExCom Energy Solutions, Exide ExCom partnership, European Economic Area, EEA battery market, industrial batteries, energy storage, traction batteries, motive power batteries, Exide Industries stock price — [Source](https://www.businesstoday.in/markets/stocks/story/exide-industries-shares-rise-on-pact-with-excom-for-european-battery-market-555778-2026-09-16)
- 2026-09-16 — BUSINESS: **Exide Industries partners with ExCom GmbH** — To cooperate on battery solutions for European Economic Area — [Source](https://www.business-standard.com/markets/capital-market-news/exide-industries-partners-with-excom-gmbh-126091600159_1.html)
- 2026-09-07 — Economic Times: **GST reforms rewrote the auto stock map: Who won, who lost and where can investors still make money?** — The recent GST reforms have significantly impacted the automotive stock market following a rate cut announcement. Notably, Sona BLW Precision Forgings and Samvardhana Motherson International registered impressive growth. Meanwhile, Bajaj Auto, TVS Motor, and Ashok Leyland saw positive movement ahead of their earnings reports. On the downside, stocks like Mahindra & Mahindra and Maruti Suzuki India lagged. Future prospects appear promising, driven by advancements in electric vehicles and fleet mo... — [Source](https://economictimes.indiatimes.com/markets/stocks/news/gst-reforms-rewrote-the-auto-stock-map-who-won-who-lost-and-where-can-investors-still-make-money/articleshow/133864453.cms)
- 2026-08-25 — BUSINESS: **Nifty trades below 24,200 level; auto share decline** — At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 90.83 points or 0.12% to 77,278.28. The Nifty 50 index lost 45.50 points or 0.18% to 24,172.25. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-trades-below-24-200-level-auto-share-decline-126082500685_1.html)
- 2026-08-19 — BUSINESSTODAY: **Top stocks in news: Shiprocket, ONGC, Aster DM, Behari Lal, RailTel, Atlanta, HindZinc, HG Infra** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Shiprocket, ONGC, Aster DM Quality Care, Behari Lal Engineering, RailTel Corp, Atlanta Electricals, Hindustan Zinc, HG Infra, Jubilant Ingrevia, Interarch Building Solutions, Krystal Integrated Services, Shilpa Medicare, Ducon Infratechnologies, Exide Industries — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-shiprocket-ongc-aster-dm-behari-lal-railtel-atlanta-hindzinc-hg-infra-549939-2026-08-19)
- 2026-08-19 — Mint: **Stocks to watch: BPCL, RailTel, ONGC among shares in focus today; check list here** — Stock market today: The market is likely to remain under pressure as the Gift Nifty index signalled a negative opening. Gift Nifty was trading near the 24,187.50 mark, down over 42.60 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-bpcl-railtel-ongc-among-shares-in-focus-today-check-list-here-11787105168182.html)
- 2026-08-18 — CNBC-TV18: **Top 10@10: FDI rules to get an overhaul, Tata Sons' AGM adjourns for the first time, IT reinvents itself for AI** — Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm. — [Source](https://www.cnbctv18.com/business/top-10-stories-fdi-rules-to-get-an-overhaul-tata-sons-agm-adjourns-for-the-first-time-it-reinvents-itself-for-ai-19972166.htm)
- 2026-08-18 — CNBC-TV18: **Stocks to Watch for August 19: ONGC, BPCL, Exide Industries, Hindustan Zinc and more** — From Exide Industries investing ₹200 crore in its wholly owned subsidiary to BPCL's plan to raise up to ₹5,000 crore through Non-Convertible Debentures; these are stocks to track ahead of Wednesday's trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-19-ongc-bpcl-exide-industries-balkrishna-industries-and-more-19971980.htm)
- 2026-08-04 — MONEYCONTROL: **Exide Industries Q1 EBITDA beats estimates; Nomura retains 'Buy', raises TP to Rs 492** — Exide Industries, Exide Industries stocks, Exide Industries shares, Nomura, Exide Industries Q1 results — [Source](https://www.moneycontrol.com/news/business/stocks/exide-industries-q1-ebitda-beats-estimates-nomura-retains-buy-raises-tp-to-rs-492-13993525.html)
- 2026-08-04 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: GIFT Nifty indicates a muted open; Large trade in Paytm, Meesho** — Stock Market LIVE Updates: Today's session is not only the weekly options expiry session for the Nifty 50 contracts, but is also set to see supply of paper worth nearly ₹36,000 crore, which includes the mega LIC Offer for Sale (OFS). Earnings season is drawing to a close and therefore, companies are making a beeline to report numbers as well. Adding to that is the confusion surrounding the Closing Auction Session. Watch this space for all the LIVE stock market updates. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-banks-midcaps-lic-paytm-meesho-kalyan-arvind-bharti-bse-share-price-liveblog-19960944.htm)
- 2026-08-03 — The Hindu: **Stock Market Today Live, Aug 3: Nifty 50, Sensex outlook: RBI policy, Q1 earnings and global cues to steer markets this week** — Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 3 August 2026 — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-3rd-august-2026/article71298312.ece)

## Business profile

**Strategic vision:** Manufactures lead-acid batteries and power storage solutions.

### Business segments
- **Automotive Batteries:** Develops and manufactures automotive batteries for four-wheelers, three-wheelers, two-wheelers, and e-rickshaws, including specific e-rickshaw vehicles.
- **Power Backup and Industrial Solutions:** Provides inverter systems, tubular inverter batteries, UPS batteries, and genset batteries for institutional and industrial use.
- **Solar Solutions:** Offers solar rooftop systems, tubular and AGM VRLA solar batteries, solar inverters, and solar PV modules.
- **Ancillary Products:** Supplies demineralised water under the Exide Distillo brand.

### Competitive strengths
- Extensive manufacturing capacity for a wide range of battery capacities.
- Established dealer network spanning multiple continents.
- Diversified product portfolio catering to multiple industries.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/exideind
Markdown representation: https://faxioms.com/stocks/exideind?render=md