Exide Industries shares surge 2% on investing ₹80 crore in wholly-owned subsidiary; check details

The stock was trading 0.31% higher at ₹394.35 per equity share, as of 1:19 pm.

This comes after the lead-acid storage batteries manufacturer invested ₹80 crore through subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited (EESL).

This means the company acquired two crore equity shares of ₹10 each at a premium of ₹30 per share, aggregating to ₹80 crore on a rights basis, it said in a regulatory filing on Wednesday.

The firm invested in EESL to fund a greenfield power plant, which the latter is setting up in Bengaluru, and to meet various funding requirements. The greenfield project is being established for manufacturing and selling lithium-ion battery cells, modules, and packs.

The equity shares against the investment were allotted to Exide Industries on September 25.

Post the acquisition, there was no change in the company’s shareholding percentage in EESL, which continues to stand at 100%.

With the investment, the company has invested a total of ₹3,882.23 crore in EESL, including the investment made in the erstwhile merged subsidiary Exide Energy Private Limited (EEPL), it added.

Exide Industries' stock performance

The shares declined 6.51% over the week and 1.10% over the month. However, it advanced 1.51% over three months and 9.88% over a period of six months.

On a year-to-date basis, the stock has fallen 5.97%.

While the scrip reached a 52-week low of ₹328 on April 7, 2025, it touched a year’s high of ₹534.40 per equity share on October 14, 2024.

Exide Industries has a total market capitalisation of ₹33,766.25 crore, as of September 26, 2025, according to data on the NSE.

Q1 results

The Kolkata-based firm posted a 24% year-on-year (YoY) rise in its consolidated net profit to ₹275 crore in the June quarter of FY26, compared to ₹221 crore in the year-ago period.

Its revenue from operations increased by 5% YoY to ₹4,695 crore during the quarter under review, as against ₹4,723 crore in Q1FY25.