Exide Industries arm completes commissioning of Phase-I of lithium-ion cell mfg facility; shares gain 17% YTD

According to a regulatory filing, the company’s material subsidiary, Exide Energy Solutions Limited (EESL), completed commissioning Phase I of the manufacturing facility located in Bengaluru on Wednesday, September 23.

More specifically, EESL completed commissioning Phase I of a six Gigawatt-hour (GWh) lithium-ion cell manufacturing facility located at Devanahalli, Bengaluru, Karnataka.

The facility has been established to manufacture advanced lithium-ion cells across multiple chemistries and form factors, enabling EESL to serve a wide range of mobility and energy storage applications, the firm further stated.

Recent update

In a separate regulatory filing dated September 16, Exide Industries said that it has entered into a long-term strategic cooperation agreement with Germany-based ExCom Energy Solutions GmbH for industrial battery and energy storage systems across the European Economic Area (EEA).

Products offered under this cooperation will be marketed and sold under the ExCom brand, it added.

The cooperation will cover the EEA market, with ExCom GmbH acting as the central commercial and technical interface for customers in the region, and leading customer development, distribution, technical project support, and after-sales coordination.

Exide Industries further stated that the partnership will initially focus on traction and motive-power battery solutions serving material-handling equipment, logistics operations, and other industrial mobility applications, as well as stationary battery systems for industrial, infrastructure, and energy storage applications.

“By combining Exide India's extensive manufacturing capabilities, broad technology portfolio, and decades of expertise in industrial battery solutions with ExCom GmbH's market presence, application engineering capabilities, and local customer support infrastructure, the collaboration aims to deliver enhanced value to customers across the EEA,” it added.

Exide Industries Q1 results

The auto components and equipment-making firm reported a 28% year-on-year (YoY) surge in its consolidated net profit to ₹350 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with ₹745 crore in the same period last year.

The company’s revenue from operations increased 18% YoY to ₹5,528 crore during the quarter under review, as against ₹4,695 crore in the April-June quarter of the 2025-26 fiscal year (Q1 FY26).

On the operational front, Exide Industries’ earnings before interest, taxes, depreciation & amortisation (EBITDA) grew 15% YoY to ₹621 crore in Q1 FY27 from ₹538 crore in the year-ago period.

The EBITDA margin for the quarter, however, contracted marginally to 11.23% in the reporting quarter, in contrast to 11.46% in Q1 FY26.

Exide Industries stock performance

Shares of Exide Industries closed 0.87% lower at ₹425.95 per unit on the National Stock Exchange (NSE) on Wednesday, September 23. However, the development was announced after the market closed.

The scrip has advanced 2% in the past week but fallen more than 7% over the month. It has soared 17% on a year-to-date (YTD) basis.

While the stock hit a 52-week high of ₹496.40 per equity share on August 11, 2026, it touched a year’s low of ₹287 apiece on March 11, 2026.

Exide Industries has a total market capitalisation of ₹36,205.75 crore as of September 23, 2026, according to data on the NSE.