Exide Industries Revenue History — Quarter by Quarter

Exide Industries's revenue moved from ₹4,450 Cr in Q2 FY25 to ₹4,735 Cr in Q4 FY26, a 6.4% change over 5 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹4,735 Cr	+9.4%
Q3 FY26	₹4,201 Cr	-5%
Q2 FY26	₹4,365 Cr	—
Q4 FY25	₹4,335 Cr	+4%
Q2 FY25	₹4,450 Cr	+4%

What management said about revenue

Q4 FY26 · Core business growth of high single-digit to double-digit in FY27

Management expects the core lead-acid business to grow at high single-digit to double-digit rates in FY27, driven by strong Q3/Q4 momentum and low base for exports/telecom.

Q3 FY26 · Exports to see substantial incremental growth next fiscal

Exports are expected to rebound strongly in FY27 due to new partnerships and tariff relief, with a robust budget for next year.

Q3 FY26 · Lithium-ion commercial dispatches within one month

Management expects commercial dispatches to OEMs from the cylindrical line to begin within plus/minus one month of the call date.

Q2 FY26 · Lithium-ion cell production start by end of FY26

First line (cylindrical NCM for two-wheelers) to be commissioned, with process validation and sample preparation ongoing.

Q2 FY26 · Solar business to cross INR 1,000 crore this year

Solar franchise expected to scale up to INR 1,000 crore in FY26, with aspiration to reach INR 1,500 crore in 2-3 years.

Q2 FY26 · EBITDA margin corridor of 12-13% in coming quarters

Management expects margins to return to 12-13% range as volume growth resumes, assuming stable lead prices.

Q2 FY26 · Export business uptick from Q4 FY26

New geographies and portfolios trials completed; exports expected to see positive tick from January onwards.

Q4 FY25 · Lithium-ion cell trial production in calendar 2025

Trial production of lithium-ion cells to start within calendar 2025, with commercial serial production expected after 4-5 months of homologation.

Q4 FY25 · Inverter battery growth recovery in Q1 FY26

Management expects inverter battery demand to pick up in Q1 FY26, with new go-to-market initiatives and RP Home series driving growth.

Q4 FY25 · Solar business target of INR 1,000-1,200 crore

Solar business is planning to build a franchise of INR 1,000-1,200 crore in the next year.

Q2 FY25 · Lithium-ion cell plant SOP in 2025

The lithium-ion cell manufacturing plant will start production in mid-2025, with commercial shipments expected after certification.

Q2 FY25 · Auto OEM segment rebound in H2

Management expects auto OEM demand to recover in H2 as channel inventories normalize, with full-year industry growth of ~5%.