India's Exide Industries gains on Q4 profit rise

Exide Industries

05/05/2026 05:15

** Shares of Exide Industries EXID.NS rise 3.3% to 371.1 rupees

** The battery maker's fourth-quarter PAT rose 22.7% y/y to 3.12 billion rupees ($32.72 million) on firm auto demand and the continued tailwind from India's tax cuts last September

** Q4 Revenue from ops rose 9.4% Y/Y

** "We continue to like Exide given its first-mover advantage in manufacturing lithium-ion cells and strong prospects of the lead-acid business," Investec says

** Avg rating of 15 analysts is "hold" and median PT is 380 rupees - data compiled by LSEG

** YTD, stock up 1.4%

($1 = 95.3675 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))