Exide posts 27% Q1 profit growth as lithium-ion factory moves toward revenue
Exide Industries reported Q1 FY27 revenue of ₹5,305 crore, up 17.6% year on year, and PAT of ₹407 crore, up 27.1%. Its Exide Energy Solutions unit has started sample deliveries from a 3GWh NMC line, with commercial lithium-ion revenue expected during FY27.
Exide Industries reported strong Q1 FY27 growth, while analysts differed on lithium-ion economics. Its Exide Energy Solutions unit has begun sample deliveries from a 3GWh lithium line, with commercial revenue expected in FY27 after ₹4,902 crore of gigafactory investment.
Why this matters
The results extend Exide's recent pattern: Q1 EBITDA margin reached 12.4% on price hikes and cost controls, while Citi raised its target on lithium-ion prospects and Kotak flagged margin and return-ratio risks.
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