During Wednesday’s trading session, the shares of a company primarily engaged in the manufacturing of storage batteries moved down by nearly 5 percent on BSE, after the company reported financial results for Q4 FY25.
Price Movements
With a market capitalisation of Rs. 30,022 crores, at 03:17 p.m., the shares of Exide Industries Limited were trading in the red at Rs. 353.3 on BSE, down by nearly 4.5 percent, as against its previous closing price of Rs. 369.85.
The stock has delivered negative returns of about 25 percent in one year, and fell over 3 percent in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, Exide Industries Limited announced the financial results for Q4 FY25, through the latest filings with the stock exchanges on Wednesday during market hours.
For Q4 FY25, Exide Industries reported a revenue from operations of Rs. 4,335.4 crores, reflecting a growth of around 8 percent QoQ from Rs. 4,016.7 crores in Q3 FY25, and a year-on-year rise of around 4 percent from Rs. 4,173 crores in Q4 FY24.
The consolidated net profit increased to Rs. 188 crore in Q4 FY25, marking a 19 percent rise from Rs. 158.4 crore reported in the previous quarter, and a marginal 1.2 percent rise compared to Rs. 185.7 crore in Q4 FY24.
However, the company’s standalone PAT stood at Rs. 254.6 crores in Q4 FY25, a decline of around 10.3 percent YoY from Rs. 283.7 crores in Q4 FY24, but a marginal rise of about 4 percent QoQ from Rs. 245 crores in Q3 FY25.
Additionally, the Board of Exide Industries declared a dividend of Rs. 2 per equity share (200 percent of the face value of equity share) for FY25, with a record date fixed on 19th July 2025.
Liquidity position remains comfortable with zero debt and high cash flow generation. In FY25, cash flow from operations stood at Rs. 1,298 crores.
Key Updates for FY25
Exide has invested ~Rs. 1,000 crore to its wholly owned subsidiary, Exide Energy Solutions Limited (EESL) during FY25. In addition, a further ~Rs. 300 crore was infused in April 2025. This brings the total equity investment in EESL to Rs. 3,602.23 crore, including earlier investments made in the now-merged entity, Exide Energy Private Limited (EEPL).
Glimpse of EESL
In FY22, Exide set up a wholly-owned subsidiary, Exide Energy Solutions Limited, under which it is setting up a plant for lithium-ion cell manufacturing along with modules and packs to cater to India’s EV market and stationary applications.
The company is setting up a 12 GWh green-field cell manufacturing plant in two phases of 6 GWh each. Presently, EESL is engaged in the production, assembly and sale of lithium-ion battery modules and packs, through its operating plant based out of Prantij, Gujarat.
Management Comments
During the year, although overall sales recorded only a marginal increase, the company sustained strong double-digit growth in the auto replacement, industrial UPS, and solar segments. However, lower demand impacted performance in the auto OEM and broader industrial verticals.
To strengthen its global footprint, the company also ventured into new international businesses to enhance market share.
Looking ahead, management remains optimistic about an improvement in overall demand conditions and is focused on driving sales while achieving cost efficiencies. The company’s year-long program on cost excellence, organisational transformation and investments in manufacturing technology has started yielding positive outcomes since March.
Regarding the lithium-ion cell manufacturing project, construction is progressing at a rapid pace to ensure timely completion. The company aims to commence commercial operations in FY26.
About the company
Exide Industries Limited is a debt-free company primarily engaged in the business of manufacturing storage batteries and allied products in India. It is the only battery manufacturer to have 3 large lead recycling plants.
The company designs, manufactures, markets, and sells the widest range of lead acid storage batteries worldwide, from 2.SAh to 20,200Ah capacity. The batteries are manufactured for automotive, power, telecom, infrastructure projects, UPS systems as well as for railways, mining, and defence sectors.
Written by Shivani Singh
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