Indian battery maker Exide's quarterly profit rises 22% on auto demand

Exide Industries

04/05/2026 09:54

May 4 (Reuters) - India's Exide Industries EXID.NS reported a 22.7% rise in fourth-quarter profit, as buoyant automotive demand and the continued tailwind from India's tax cuts last September boosted demand for its batteries.

Here are some details:

The company's standalone profit after tax rose to 3.12 billion rupees ($32.8 million) in the quarter ended March 31, from 2.55 billion rupees a year earlier

Revenue from operations climbed 9.4% to 45.51 billion rupees

Tax cuts continued to drive demand across the automotive sector, with two-wheeler, three-wheeler and four-wheeler segments growing in double digits year-on-year in the fourth-quarter

The firm's export business posted a double-digit decline as geopolitical conflicts closed multiple shipping routes and created container shortages

Exide's auto business grew more than 25% year-on-year

MD & CEO Avik Roy said the company expects auto, auto replacement and inverters businesses "to continue their strong growth momentum into Q1 of current financial year"

Sustained depreciation of rupee would put further pressure on costs, Roy said

($1 = 95.0363 Indian rupees)

 (Reporting by Pranav Kashyap in Bengaluru; Editing by Mrigank Dhaniwala)

 ((pranav.kashyap@tr.com; +919886482111;))