SYNOPSIS:
Lithium ion Battery stock goes up by 5 percent as the company announces a revenue growth of 223 percent H1 FY26. The company’s new 55,000 sq. ft. plant doubled its production capacity with advanced automation.
Shares of a company in the business of manufacturing lithium-ion batteries surged more than 5 percent on Friday, after reporting the H1 FY26 financial results with a significant rise in revenue, EBITA and Net profit for the period.
At 9.25 AM on Friday, the stock of Maxvolt Energy Industries Ltd. hit its 52 week high at Rs 420.45, that is 5 percent higher than the previous day’s closing price of Rs 400.45, while the 52 week low stood at Rs 145.05 and the lower band at Rs 380.45. The company has a market cap of Rs 442 Crore.
What’s the News
Maxvolt Energy Industries Ltd announced its half-yearly result for FY26 on Thursday after market hours. As per the latest regulatory filings with the stock exchanges, the revenue went up by 223 percent YoY, that is from Rs 40.28 Crore (H1FY25) to Rs 130.04 Crore for H1 FY26. And the EBITDA went up by 243 percent standing at Rs 18.43 Crore for H1FY26, from Rs. 5.38 Crores in H1FY25. While the Net Profits went up by 170 percent, moving from Rs 4.78 Crore in H1FY25 to Rs 12.92 Crore in H1FY26.
By the end of FY25, the company’s EV battery segment was dominated by E-scooter battery solutions, contributing ₹87.60 crore in revenue, while E-rickshaw and E-cycle battery sales generated ₹38.7 lakh and ₹3.56 lakh, respectively.
Additionally, The company has commissioned a 55,000 sq. ft. plant that has doubled its capacity with advanced automation and testing systems. It has also received land from the U.P. MSME Department, with construction set to begin by March 2026 for a facility with an initial 7,800 MT annual capacity, scalable as demand rises. Additionally, the company signed an MoU to establish an Advanced Lithium Recycling Research Lab (Phase 2) in partnership with the Advanced Research Centre for Powder Metallurgy and New Materials, focusing on metal extraction and process innovation.
Maxvolt Energy Industries Ltd has been able to expand its dealer distributor network from 620 to over 800, and now covers 1,200+pin codes across the country. The Indian lithium battery market is expected to grow from USD 2.34 billion in 2022 to USD 5.75 billion by 2028 at a 17.23 percent CAGR, and MaxVolt has been targeting a 5 percent share of this rapidly expanding space. Building on this strong domestic footprint, the company is preparing to enter global markets, with planned expansion across Southeast Asia, the Middle East, and Africa in the coming year. Globally, the lithium battery market is expected to reach USD 320 billion by 2030, positioning MaxVolt to enter significant long-term growth opportunities.
Maxvolt Energy Industries Ltd. manufactures a wide-range of lithium-ion batteries supplied through a strong distribution network of authorised dealers, distributors, and OEM partners. The company’s batteries power E-scooters, E-rickshaws, E-cycles, and are also used in solar energy storage systems and various portable electronic devices.
Written by Adithya Menon
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