India · Delayed Price · Currency is INR Exide Industries Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw record revenue and strong domestic growth, with double-digit gains in key segments despite export and telecom declines. Commodity inflation pressured margins, but price hikes and cost controls helped maintain EBITDA. Lithium-ion investments continue, with new capacity and government support expected to drive future growth.
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Q3 saw 92% of business segments grow by 12%, but overall sales dropped 5% year-on-year due to telecom and export declines. Gross and EBITDA margins improved sequentially, with strong growth in auto, industrial, and inverter segments. Lithium-ion investments and product launches position the company for future growth.
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H1 FY26 saw modest growth, with strong cash flow and robust automotive replacement demand, but Q2 was impacted by GST-driven destocking and input cost pressures. Lithium-ion investments are on track, and margins are expected to recover as volumes rebound.
Fiscal Year 2025
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Revised summary: Double-digit growth in key segments offset declines in telecom, auto OEM, and home inverters, resulting in modest sales growth and resilient cash flows. Margin pressures from antimony price spikes and write-offs were partly eased by price hikes and tech upgrades. Lithium-ion cell manufacturing is on track for FY 2026 launch.
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Sales grew modestly with strong double-digit growth in key segments, while margins improved due to favorable mix. Lithium-ion cell project is on track for mid-2025 commissioning, with significant investments underway. Margin expansion and export growth remain strategic priorities.