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Exide Industries Ltd. Interim / Quarterly Report 2026

Nov 14, 2025

60960_rns_2025-11-14_e3950a69-82e1-4804-ac47-02c6e1fa53c5.pdf

Interim / Quarterly Report

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&EXIDE

Ref no.: EIL/SEC/2025-26/52

Ref no.: EIL/SEC/2025-26/52
14thNovember 2025
The Secretary The Secretary
The Calcutta Stock Exchange Limited BSE Limited
7 Lyons Range Phiroze Jeejeebhoy Towers
Kolkata - 700 00 l Dalal Street, Mumbai - 400 00 l
CSE Scrip Code: 15060 & 10015060 BSE Scrip Code: 500086
The Secretary -
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Plot no. C/1, G Block
Bandra-Kurla Complex, Sandra (E),
Mumbai - 400 051
NSE Symbol: EXIDEIND

Sub: Outcome of Board Meeting[-][14][th ] o ember 2025

Dear Sir/Madam,

In furtherance to our letter dated 6[th ] November 2025, communicating the date of Board Meeting for consideration of Unaudited Financial Results for the quarter and half year ended 30[th ] September 2025 and in compliance with Regulations 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, we wish to inform that the Board of Directors at its meeting held today i.e. Friday, 14[th ] November 2025, inter-alia, has taken the following decision: -

Unaudited (Standalone and Consolidated) Financial Results of the Companv fr the quarter and half vear ended 30[th ] September 2025

The Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30[th ] September 2025 were approved and taken on record by the Board of Directors. The said results were reviewed by the Audit committee of directors at its meeting held earlier today. A copy of the unaudited financial results along with Limited Review Reports by the Auditors on the said financial results are enclosed.

The copy of the Press Release being issued in this regard is also attached herewith.

The board meeting commenced at 4.12 pm and concluded at 5.25 pm.

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone: (033) 2302-3400, 2283-2171, 2283-2118 e-mail : [email protected], www.exideindustries.com CIN: L31402WB1947PLC014919

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&EXIDE

This communication is also being uploaded on the website of the Company at "vww.e ideindustries.com.

We request you to kindly take the same on record.

Thanking you. Yours faithfully,

For Exide Industries Limited

Digitally signed by JITENDRA JITENDRA KUMAR KUMAR MOHANLAL MOHANLAL Date: 2025.11.14 17:32:10 +05'30'

Jitendra Kumar Company Secretary and President- Legal & Corporate Affairs ACS No. 11159

Encl: as above

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone: (033) 2302-3400, 2283-2171, 2283-2118 e-mail : [email protected],www.exideindustries.com CIN: L31402WB1947PLC014919

Godrej Waterside, Unit No. 603 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295

BS R & Co. LLP Chartered Accountants

Limited Review Report on unaudited standalone financial results of Exide Industries Limited for the quarter ended 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listjng Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Exide Industries Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of Exide Industries Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2025 and year to date results for the period from 01 April 2025 to 30 September 2025 ("the Statement").

  2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ·as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022

Kolkata

14 November 2025

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s� rno�-

Seema Mohnot Partner Membership No.: 060715 UDIN:25060715BMNVPJ6211

Registered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1

BS R & Co. {a partnership firm with Registration No BA61223) converted into BS R & Co LLP (a Limited Liability Partnership with LLP Registralion No, AAB-8181) with effect from October 14, 2013

EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKATA-700020 CIN: L31402WB1947PLC0l4919

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UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2025

Particulars
1. Income
a. Revenue from operations
b. Other income
Total income
2. Expenses
a. Cost of materials consumed
b. Purchases of stock in trade
c. (Increase)/ decrease in inventories of finished
goods, work in progress and stock in trade
d. Employee benefits expense
e. Finance costs
f. Depreciation and amortisation expenses
g. Other expenses
Total expenses
3. Profit before tax
4.Tax expenses - Current
- Deferred
-Total
5. Net profit after tax
6. Other comprehensive income
i. Items that will not be reclassified to Statement of profit or loss
ii. Income tax relating to items that will not be reclassified to Statement of profit
or loss
Total other comprehensive income/ (loss)
7. Total comprehensive income/ (loss)
8.Paid up equity share capital
( Face value Re. I )
9.Other equity
10.Earnings oer share_I_Basic & Diluted)		 3 Months
ended
30 Sept.2025
(Unaudited)
Rs. Crores
4,178.29
42.43
4,220.72
2,896.25
1.38
34.64
268.35
8.93
130.57
583.02
3,923.14
297.58
84.19
(7.35)
76.84
220.74
(505.49)
7102
(434.47)
(213.73)
85.00
Rs. 2.60








#		 3 Months
3 Months
ended
ended
30 Jun.2025
30 Sept.2024
(Unaudited)
(Unaudited)
Rs. Crores
Rs. Crores
4,509.81
4,267.30
18.16
52.81
4,527.97
4,320.11
3,129.69
3,084.66
1.08
0.56
(11.50)
(163 88)
273.97
267.53
9.07
10.29
127.61
126.99
568.35
594.83
4,098.27
3,920.98
429.70
399.13
116.46
106.91
(721)
(5.55)
109.25
101.36
320.45
297.77
1,120.92
1,074.23
(158.94)
(126.40)
961.98
947.83
1,282.43
1,245.60
85.00
85.00
Rs. 3.77
#
Rs. 3.50
Year to
date
30 Sept.2025
(Unaudited)
Rs. Crores
8,688.10
60.59
8,748.69
6,025.94
2.46
23.14
542.32
18.00
258.18
1,151.37
8,021.41
727.28
200.65
(14.56)
186.09
541.19
615.43
(87.92)
527.51
1,068.70
85.00
#
Rs. 6.37
Year to

date

30 Sept.2024

(Unaudited)

Rs. Crores
8,580.06
66.96
8,647.02
5,955.21
1.66
(46.04)
532.53
18.95
252.73
1,158.80
7,873.84
773.18
209.60

(13.76)
195.84
577.34
738.98

(87.59)
651.39
1,228.73
85.00
#
Rs. 6.79
#		 Year
ended
31 Mar.2025
(Audited)
Rs. Crores
16,588.11
96.16
16,684.27
11,574.85
2.69
(188.49)
1,055.80
43.89
503.93
2,250.12
15,242.79
1,441.48
386.78
(22.23)
364.55
1,076.93
443.17
(45.00)
398.17
1,475.10
85.00
14,357.34
Rs. 12.67

Not annualised .

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EXIDE lNDUSTRlES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN: L31402WB1947PLC014919

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STANDALONE BALANCE SHEET

EXIDE lNDUSTRlES LIMITED
EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKA TA - 700020
CIN: L31402WB1947PLC014919
TANDALONE BALANCE SHEET
Particulars
A. ASSETS
1. Non-current assets
a. Property, plant and equipment
b. Capital work-in-progress
c. Intangible assets
d. Financial assets
i. [nvestments
ii. Trade receivables
iii. Other Financial assets
e. Income tax assets (net)
f Other non-current assets
Total - Non-current assets
2. Current assets
a. Inventories
b. Financial assets
i. Investments
ii. Trade receivables
iii. Cash and cash equivalents
iv. Bank balances other than (iii) above
v. Other financial assets
c. Other current assets
Total - Current assets
TOT AL - ASSETS
B. EQUITY AND LIABILITIES
Equity
Equity share capital
Other equity
Total - Equity
1. Non-current liabilities
a. Financial liabilities
i. Lease liabilities
ii. Trade payables
Total outstanding dues of micro and small enterprises
Total outstanding dues of creditors other than micro and small
enterprises
iii.Other financial liabilities
b. Provisions
c. Deferred tax liabilities (net)
Total - Non-current liabilities
2. Current liabilities
a. Financial liabilities
i. Lease liabilities
ii. Trade payables
Total outstanding dues of micro and small enterprises
Total outstanding dues of creditors other than micro and small
enterprises
iii. Other financial liabilities
b. Other current liabilities
c. Provisions
d. Current tax liabilities (net)
Total - Current liabilities
TOTAL - EQUITY AND LIABILITIES		 As at
30 Sept.2025
(Unaudited)
Rs. Crores
2,797.23
134.07
14.22
11,009.42
0.61
23.49
44.73
14,023,77
3,313.40
459.77
1,437.93
50.52
5.03
50.43
239.82
5,556.90
19,580,67
85.00
15,256.04
15,341.04
369.91
12.52
2.16
78.89
83.66
547.14
10.61
117.19
2,616.93
333.72
192.13
414.77
7.14
3,692.49
19,580.67		 Asat
31 March.2025
(Audited)
Rs. Crores
2,860.80
137.54
15.14
9,830.56
0.59
24.07
4.65
31.32
12,904.67
3,827.43
141.37
1,576.59
111.26
4.62
42.60
210.55
5,914.42
18,819,09
85.00
14,357.34
14,442.34
375.21
11.89
2.16
74.78
10.76
474,80
10.38
129.34
2,701.85
361.26
305.56
393.56
3,901.95
18,819.09
Rs. Crores
2,797.23
134.07
14.22
11,009.42
0.61
23.49
44.73
14,023,77
3,313.40
459.77
1,437.93
50.52
5.03
50.43
239.82
5,556.90
19,580,67
85.00
15,256.04
15,341.04
369.91
12.52
2.16
78.89
83.66
547.14
10.61
117.19
2,616.93
333.72
192.13
414.77
7.14
3,692.49
19,580.67

B. EQUITY AND LIABILITIES

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EXIDE INDUSTRlES LIMITED EXIDE HOUSE, 59E,CHOWRNGHEE ROAD, KOLKATA -700020 CIN: L31402WB1947PLC014919

~~l& ■~~ ~~XIDI~~

STANDALONE STATEMENT OF CASH FLOW

Paiculars
(A)CASH FLOW FROM OPERATING ACTIVITIES:
Net Proft Befre Tax		 Year to date
30 Sept.2025
(Unaudited)
Rs. Crores
727.28		 Year to date
30 Sept.2024
(Unaudited)
Rs. Crores
773. 18
252.73
(0.04)
(1741)
(0.04)
(6.46)
(12.70)
18.95
(1.97)
1.66
1,007.90
(9.72)
(320.21)
(66.04)
277.61
889.54
_(163_64)
725.90
(241.29)
0.61
(450.00)
100.00
(2.07)
(928.12)
850.42
1.97
0.04
18.19
(650.25)
(170.00)
(23.46)
(0.56)
(194.02)
(118.37)
217.45
99.08

Adjustment fr:
Depreciation and amortisation
Proft on property, plant and equipment sold/discarded (net)
Dividend income
Rent income
Gain on fir valuation of investments designated as FVTPL
Gain on disposal of investments designated as FVTPL
Finance costs
Interest income
Provision fr expected credit loss on trade receivables
Operating proft befre working capital changes
(Increase)I_decrease in trade receivables
(Increase)/ decrease in inventories
Increase in other fnancial assets and other assets
Increase_I(decrease) in trade payables, other liabilities and provisions
Cash generated fom operations
Direct taxes paid (net of refnds and interest thereon)
Net Cash fom operating activities
(B)CASH FLOW FROM INVESTING ACTIVITIES:
Purchase and construction of property, plant ad equipment ( including
intangible assets)
Proceeds fom sale of property, plant and equipment
Investments in subsidiaries
Loan repaid by subsidiaries
Acquisition of investment in units
Redemption of investment in units
Purchase of investment in shares/mutual fnds
Sale of investment in shares/mutual fnds
Interest received
Rent received
Dividend received
Net Cash used in investing activities
(C)CASH FLOW FROM FINANCING ACTIVITIES:
Dividends paid
Payment towards lease liability
[nterest paid
Net Cash used in fnancing activities
Net decrease in cash and cash equivalents (A+B+C)
Cash and cash equivalents - opening balance
Cashand cash equivalents-closin� balance		 258.18
(0.02)
(18.28)
(7.22)
(8.60)
18.00
(1.20)
1.51
969.65
137.13
514.03
(34.39)
(224.74)
1,361.68
(189 32)
1,172.36
(192.82)
0.05
(580.00)
(2.87)
17.62
(1,155.00)
852.42
1.20
19.38
(1,040.02)
(170.00)
(21.66)
(1.42)
(193.08)
(60.74)
111.26
50.52		 252.73
(0.04)
(1741)
(0.04)
(6.46)
(12.70)
18.95
(1.97)
1.66
1,007.90
(9.72)
(320.21)
(66.04)
277.61
889.54
_(163_64)
725.90
(241.29)
0.61
(450.00)
100.00
(2.07)
(928.12)
850.42
1.97
0.04
18.19
(650.25)
(170.00)
(23.46)
(0.56)
(194.02)
(118.37)
217.45
99.08
(193.08)
(60.74)
111.26
50.52

Notes:

  • I. Revenue from Operations is net of trade discounts / trade incentives.

  • The Company's business activity falls within single operating segment of 11 Storage Batteries and Allied Product" Hence, no separate segment information is disclosed.

  • The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 14, 2025. The Limited Review of these

standa1one financial results, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the Statutory Auditors Company.

y Or1erff_the Bo'fj b Avik Kumar Roy Managing Director & Chief Executive Officer DIN : 08456036 v l ll,... �Vv--,:st

Kolkata November 14, 2025

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Godrej Waterside, Unit No. 603 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295

BS R & Co. LLP Chartered Accountants

Limited Review Report on unaudited consolidated financial results of Exide Industries Limited for the quarter ended 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 2025 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Exide Industries Limited

  1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Exide Industries Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended 30 September 2025 and year to date results for the period from 1 April 2025 to 30 September 2025 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

  2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

  1. The Statement includes the results of the following entities:

Parent

a. Exide Industries Limited

Subsidiaries

a. Chloride International Limited

  • b. Chloride Metals Limited

  • c. Exide Energy Solutions Limited

  • d. Chloride Batteries S.E. Asia Pte Limited

  • e. Espex Batteries Limited

  • f. Associated Battery Manufacturers (Ceylon) Limited

Associates

  • a. CSE Solar Sunpark Maharashtra Private Limited

b. CSE Solar Sunpark Tamilnadu Private Limiteid

Registered Office:

& Co. (a partnors.htp firtl\with Ragistralion No. BA61223) converted into BS R & Co. LLP (a d Liability Panne.nh,p with UP Registralion No. AAB·B161) with effecl from October 14, 2013

14th Floor, Central 8 Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3

0

red Ace

BS R & Co. LLP

Limited Review Report (Continued)

Exide Industries Limited

c. Zillica Renewable Private Limited

  1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

  2. We did not review the interim financial information of one subsidiary included in the Statement, whose interim financial information reflects total assets (before consolidation adjustments) of Rs.1, 140.44 crores as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs. 1,447.49 crores and Rs. 2,940.55 crores , total net profit after tax (before consolidation adjustments) of Rs. 9.58 crores and Rs. 4.64 crores and total comprehensive income (before consolidation adjustments) of Rs. 9.72 crores and Rs 4.73 crores, for the quarter ended 30 September 2025 and for the period from 1 April 2025 to 30 September 2025 respectively, and cash flows (net) (before consolidation adjustments) of Rs 2.10 Crores for the period from 1 April 2025 to 30 September 2025 as considered in the Statement. This interim financial information has been reviewed by other auditor whose report has been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above.

Our conclusion is not modified in respect of this matter.

  1. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflect total assets (before consolidation adjustments) of Rs. 339.68 Crores as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs. 121.05 Crores and Rs. 238.27 Crores , total net profit after tax (before consolidation adjustments) of Rs. 4. 78 Crores and Rs. 11.18 Crores and total comprehensive income (before consolidation adjustments) of Rs. 4. 78 Crores and Rs. 11.18 Crores, for the quarter ended 30 September 2025 and for the period from 1 April 2025 to 30 September 2025 respectively, and cash outflows (net) (before consolidation adjustments) of Rs. 3.68 Crores for the period from 1 April 2025 to 30 September 2025. as considered in the Statement. The Statement also includes the Group's share of net profit after tax of Rs. 0.09 Crores and Rs. 0.43 Crores and total comprehensive income of Rs. 0.09 Crores and Rs. 0.43 Crores, for the quarter ended 30 September 2025 and for the period from 1 April 2025 to 30 September 2025 respectively as considered in the Statement, in respect of three associates, based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group.

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Page 2 of 3

BS R & Co. LLP

Limited Review Report (Continued) Exide Industries Limited

Our conclusion is not modified in respect ·of this matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022

Kolkata 14 November 2025

==> picture [76 x 74] intentionally omitted <==

S�f{\o�- Seema Mohnot Partner Membership No.: 060715 UDIN:25060715BMNVPK2688

Page 3 of 3

EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E.CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN: L31402WB1947PLC014919

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UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2025

Particulars 3 Months 3 Months 3 Months Year to Year to Year
ended ended ended date date ended
30 Sept.2025 30 Jun.2025 30 Sept.2024 30 Sept.2025 30 Sept.2024 31 Mar.2025
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Rs. Crores Rs. Crores Rs. Crores Rs. Crores Rs. Crores Rs. Crores
1. Income
a. Revenue from operations 4,364.51 4,695.12 4,450.00 9,059.63 8,885.71 17,237.85
b. Other income 53.66 27.57 40.25 81.23 56.58 112.80
Total income 4,418.17 4,722.69 4,490.25 9,140.86 8,942.29 17,350.65
2. Expenses
a. Cost of matetiaJs consumed 2,960.63 3,092.27 3,123.75 6,052.90 6,011.79 11,697.30
b. Purchases of Stock in trade 8.74 37.17 79.98 45.91 89.81 119.62
c. (Increase)/ decrease in inventories of finished
goods, work in progress and stock in trade
d. Employee benefits expense		 5.27
342.25		 40.98
343.69		 (229.62)
329.96		 46.25
685.94		 (119.52)
651.12		 (219.50)
1,296.31
e. Finance costs 39.74 32.40 34.02 72.14 63.81 153.03
f. Depreciation and amortisation expenses 152.10 148.94 145.91 301.04 289.67 582.34
g. Other expenses 656.20 642.67 673.63 1,298.87 1,307.04 2,546.09
Total expenses 4,164.93 4,338.12 4,157.63 8,503.05 8,293.72 16,175.19
3. Profit before share of profit/(loss) of Equity Accounted Investees and
Tax		 253.24 384.57 332.62 637.81 648.57 1,175.46
Share of Profit/ (Loss) of Equity Accounted Investees (Net of tax) 0.09 0.34 (0 25) 0.43 (0. 15) 0.50
4. Profit before tax for the period 253.33 384.91 332.37 638.24 648.42 1,175.96
5. Tax expenses - Current 86.36 117.77 109.47 204.13 212.63 394.41
- Deferred (6.67) (7.44) (10.50) (14.11) (18 36) (18.95)
- Total 79.69 110.33 98.97 190.02 194.27 375.46
6. Net Profit after tax for the period 173.64 274.58 233.40 448.22 454.15 800.50
7. Other comprehensive income
i. Items that will not be reclassified to Statement of profit or loss (505.14) 1,120.70 1,074.31 615.56 739.02 442.24
ii. Income tax relating to items that will not be reclassified to Statement of
profit or loss		 71.00 (158.93) (126.44) (87.93) (87.63) (44.94)
iii. Items that will be reclassified to profit or loss 3.63 5.02 6.91 8.65 6.18 4.82
Total other comprehensive income/ (loss) (430.51) 966.79 954.78 536.28 657.57 402.12
8. Total Comprehensive Income/ (loss) (256.87) 1,241.37 1,188.18 984.50 1,111.72 1,202.62
9. Paid up equity share capital 85.00 85.00 85.00 85.00 85.00 85.00
( Face vaJue Re. 1 )
10. Other equity 13,828.48
II. Earnings oer Share (Basic and Diluted) Rs. 2.02 # Rs. 3.21 # Rs. 2.72 # Rs. 5.23 # Rs. 5.31 # Rs. 9.35
# Not annualised
A. Profit for the year/period attributable to:
Owners of the Company 171.94 272.99 231.28 444.93 451.34 795.02
Non-controlling interests 1.70 1.59 2.12 3.29 2.81 5.48
B.
C.		 Other comprehensive income/ (loss) for the year/period attributable to:
I
Owners of the Company
Non-controlling interests
Total comprehensive income/ (loss) for the year/period attributable to:
Owners of the Company
I
Non-controllin!! interests		 (430.51)
-
(258.57)
1.70		 966.79
-
1,239.78
1.59		 954.78
1186.06
2.12		 536.28
981.21
3.29		 657.57
-
1,108.91
2.81		 402.12
-
1,197.14
5.48

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EXIDE INDUSTRIES LIMITED

EXlDE HOUSE, 59E,CHOWRINGHEE ROAD. KOLKA TA - 700020 CIN: L31402WBl947PLC0l4919

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CONSOLIDATED BALANCE SHEET

EXIDE INDUSTRIES LIMITED
EXlDE HOUSE, 59E,CHOWRINGHEE ROAD. KOLKA TA - 700020
CIN: L31402WBl947PLC0l4919
CONSOLIDATED BALANCE SHEET
Particulars As al As al
30 Sept,2025 3 l March,2025
(Unaudited) (Audited)
Rs. Crores Rs. Crores
A. ASSETS
I. Non-current assets
a. Property, plant and equipment 3,765.22 3,853.63
b. Capital work -in-progress 3,865.11 3,426.05
c. Goodwill 45.82 45.82
d. Other intangible assets 30.17 35.89
e. Intangible assets under development 241.35 217.36
f Investment in associates 28 09 27.66
g. Financial assets
i. Investments 6,720.96 6,122.03
ii. Trade receivables 0.61 0.59
iii. Loans 0.16 0.19
iv. Other financial assets 43.29 43.44
h. Income tax assets (net) 17.90 26.69
i. Deferred tax assets (net) 6.50 6.65
j. Other non-current assets 400.89 386.28
Total - Non-current assets 15,166.07 14,192.28
2. Current assets
a. Inventories 3,889.28 4,564.90
b. Financial assets
i. Investments 680.71 318.27
ii. Trade receivables l,531.l5 1,686.39
iii. Cash and cash equivalents 119.62 180.82
iv. Bank balances other than (iii) above 7.66 7.20
v. Loans 0.44 0.34
vi. Other financial assets 94.59 76.72
c. Other current assets 326.47 352.29
d. Non-Current assets held-for-sale 17.12
Total - Current assets 6,649.92 7,204.05
Total - Assets 21,815.99 21,396.33
B. EQUITY AND LIABILITIES
Equity
Equity share capital 85.00 85.00
Other equity 14,639.69 13,828.48
Non - controlling interest 23.93 20.64
Total Equity 14,748.62 13,934.12
I. Non-current liabilities
a. Financial liabilities
i. Borrowings 946.48 943.07
ii. Lease liabilities 434.72 441.22
iii. Trade payables
Total outstanding dues of micro and small Enterprises
Total outstanding dues of creditors other than micro and small 12.52 I l.89
enterprises
iv. Other financial liabilities 21.62 7194
b. Provisions 106.57 100.89
c. Deferred tax liabilities (net) 85.89 12.83
Total - Non-current liabilities 1,607.80 1,581.84
Current liabilities
a. Financial liabilities
i. Borrowings 249.34 618.10
ii. Lease liabilities 14.13 14.32
iii. Trade payables
Total outstanding dues of micro and small enterprises 154.77 151.65
Total outstanding dues of creditors other than micro and small 3,165.56 3,193.31
enterprises
iv. Other fmancial liabilities 1,053.15 993.68
b. Other current liabilities 392.17 506.65
c. Provisions 421.21 399.00
d. Current tax liabilities (net) 9.24 3.66
Total - Current liabilities 5,459.57 5,880.37
TOT AL - EQUITY AND LIABILITIES 21,815.99 21,396.33

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EXIDE INDUSTRIES LIMITED

EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN : L31402WB1947PLC014919

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CONSOLIDATED STATEMENT OF CASH FLOW

Particulars Year to date Year to date
30 Sept.2025 30 Sept.2024
(Unaudited) (Unaudited)
Rs. Crores Rs. Crores
(A) CASH FLOW FROM OPERA TING ACTIVITIES:
Net Proft Befre Tax
Adustment fr:		 638.24 648.42
Depreciation and amortisation 301.04 289.67
Gain on disposal of investents desigated as FVTPL
Proft on property, plant and equipment sold/discarded (net)
Income fom investment including dividend and iterest
Gain on fir valuation of investments designated as FVTPL		 (13.87)
(14.09)
(19.92)
(9.23)		 (13.19)
(0.32)
(19.61)
(6.47)
Finance costs 72.14 63.81
Urealised freig exchange loss
Provision fr expected credit loss on trade receivables
Share of (proft)/loss of Equity Accounted Investees, net of tax
Operating cash fow befre working capital changes		 5.50
1.99
(0.43)
961.37		 2.26
0.15
964.72
(Increase)/ decrease in trade receivables 153.23 (9.52)
(Increase)/ decrease in inventories 675.62 (360.12)
Increase in loas, other fnancial assets and other assets
Increase/(decrease) in tade payables, other liabilities and provisions
Cash generated fom operations
Direct taxes paid (net ofrefnds and interest thereon)
Net Cash fom operating activities		 (25.44)
(151.36)
1,613.42
(190.23)
1,423.19		 (178.88)
348.51
764.71
(161.84)
602.87
(B) CASH FLOW FROM INVESTING ACTIVITIES:
Purchase and construction of property, plant and equipment
(including intan!rble assets)
Proceeds fom sale of property, plant and equipment		 (600.71)
26.17		 (1,220.46)
1.37
Acquisition of interest in associates - (1.49)
Net movement in other bank balances (0.05) -
Purchase of investment (1,600.37) (1,097.40)
Proceeds fom sale of investment 1,275.79 1,026.02
Investment income (including dividends and interest) 19.92 19.16
Net Cash used in investing activities (879.25) (1,272.80)
(C) CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds fom borowings 666.19 783.07
Repayment of borrowings (1,029.75) (44.40)
Dividends paid (170.00) (170.00)
Payent towards lease liabilities (26.60) (20.86)
Interest paid (5247) (44 18)
Net Cash from/(used) in fnancing activities (612.63) 503.63
Net decrease in cash and cash equivalents (A+B+c) (68.69) (166.30)
Cash and cash equivalents - opening balance 180.82 322.99
Cash and cash equivalents - closing balance 112.13 156.69
Efect of exchange rate changes 7.49 7.38
Cash and cash equivalents-Closing Balance 119.62 164.07

Notes:

  • I. Revenue from operations is net of trade discounts / trade incentives.

  • The Group's business activity falls within single operating segment of "Storage Batteries and Allied Product". Hence, no separate segment information is disclosed.

  • The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 14, 2025. The Limited Review of these consolidated financial results, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been completed by the Statutory Auditors of the Parent Company.

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Kolkata
November 14, 2025.
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t:t�
Avik Kumar Roy
Managing Director & Chief Executive 0
DIN : 08456036
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November 14, 2025

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&IXIDI

Press Release

For the first half of the financial year 2025-26, sales grew by 1.3% on YoY basis despite transitionary impact due to changes of GST rates.

Standalone financial performance

Particulars Units Q2FY26 Q2FY25 H1FY26 H1FY25
Revenue Rs. Crore 4178 4267 8688 8580
EBITDA Rs. Crore 395 484 943 978
PBT Rs. Crore 298 .399 727 773
PAT Rs. Crore 221 298 541 577
EPS * Rs. 2.60 3.50 6.37 6.79
  • Not annualised

Key business highlights

  • GST 2.0 reform as announced on 15th Aug'25, is a welcome move by the government and expected to drive consumption going forward. The GST rate on batteries were reduced from 28% to 18% effective 22nd Sept'25. The Company is fully aligned to the Government's goal of reducing burden to the end-consumer by passing on the full benefit of the GST rate reduction to the consumer.

  • Any large reform like GST 2.0 is accompanied by short term challenges. The Company started on a strong note in this quarter with double digit growth in the Trade Business. However, we experienced a shift in momentum once the GST rate cuts were announced on 15th August. Our channel partners postponed their buying in anticipation of receiving new stocks with updated prices.

  • The Company took production cuts in August and September in anticipation of the subdued demand in this quarter. This helped in reducing inventory significantly at the end of September. However, the drop in demand also led to lower profitability because of under-recovery of fixed costs.

Exide Industries Limited, Exide House, 59E Chowrlnghee Road, Kolkata-700 020 Ph: (033) 2283-2120/33/36/50/51/71/2238/39, Fax: (033) 2283-2642/37 e-mail:[email protected],www.exideindustries.com CIN: L31402WB1947PLC014919

&EXIDE

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  • Despite the challenges, the Company achieved standalone revenues of Rs. 8688 Crore during Hl FY26, registering an increase of 1.3% on a YoY basis. Domestic business grew by 5% YoY. Export business continue to be significantly impacted in certain markets and tariff linked challenges.

  • EBITDA margin for H1FY26 was 10.9% primarily impacted by higher input materials prices and hence there remains a continuous pressure on material cost. The Company is accruing benefits from various cost excellence project to partially offset the adverse cost impacts.

  • The Company expects growth in the current quarter (03 FY26) to come back much stronger, especially in trade and Auto OEM business which are seeing significant benefits from the GST rate cut move by the Government.

  • Liquidity position remains comfortable with zero debt and high cash flow generation.

Key information about business verticals

  • Solar business was the fastest growing supported by various government programs.

  • Overall Trade Mobility showed double digit growth in Hl.

  • Industrial Infra business (excluding Telecom) performance has improved on YoY basis as order inflow and order execution picking up in sectors like power, railways, traction, etc.

  • Reserve Power vertical has been impacted due to prolonged monsoon in almost all parts of the country resulting in de-growth during Q2.

  • Exports business showed degrowth due to geo-political tension and tariff uncertainties.

Other key updates

  • EESL's (Exide Energy Solutions Limited) project site is witnessing steady progress. Exide Industries Limited has invested Rs 580 crores in H1FY26 and further Rs 65 crores in Oct'25 With this the total equity investment made in EESL till date stands at Rs. 3947.23 crores {including investment made in erstwhile merged entity EEPL).

  • Equipment installation and construction work in EESL nearing completion. The company expects to start production towards the end of FY26. Nearly 100% of the utility systems are nearing commissioning. Product trials are expected in one of the lines from November'25.

  • The company is also making efforts to enter collaborations with OEMs and energy providers across key end consumer markets.

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Ph: (033) 2283-2120/33/36/50/51/71/2238/39, Fax: (033) 2283-2642/37 e-mail : [email protected],www.exideindustries.com CIN: L31402WB1947PLC014919

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GIXIDI

Below are some latest pictures of the lithium-ion cell manufacturing project site:

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Commenting on the performance - Mr. Avik Roy, MD & CEO, said:

'We had a strong first half of the quarter until mid-August when the GST cut was announced. The growth was muted in the second half, especially in trade business, driven by channel de­ stocking. However, it is a welcome move by the government as it will drive demand in H2 FY26. Global trade situation remained uncertain and impacted our exports.

Domestic Macro outlook is favourable with low inflation, low interest rates and higher disposable incomes. We expect the strong growth momentum, especially in Trade and Automotive OEM business, to be back in Q3

There is continuous pressure from input material costs. In this environment, the company's priority has been on managing profitable growth and focusing on preserving cash. We pro­ actively cut down production in the second half of the quarter in anticipation of the muted demand from channel partners. This helped us to reduce our inventory levels. Investments in our manufacturing technologies have started showing results which will be further realized as volumes grow.

In our lithium-ion cell manufacturing project, construction work is going on in full swing to ensure timely project completion. We wish to commercialise operations in FY26.'

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Ph: (033) 2283-2120/33/36/50/51/71/2238/39, Fax: (033) 2283-2642/37 e-mail:[email protected],www.exideindustries.com CIN: L31402WB1947PLC014919

&EXIDE

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About Exide Industries Limited

For more than seven decades, Exide has been one of India's most reliable battery brands, enjoying unrivalled reputation and recall. Exide designs, manufactures, markets, and sells the widest range of lead acid storage batteries in the world from 2.SAh to 20,200Ah capacity, to cover the broadest spectrum of applications. The batteries are manufactured for Automotive, Power, Telecom, Infrastructure projects, UPS systems as well as for Railways, Mining, and Defence sectors. The company enjoys leadership position in India and its exports span 63 countries across six continents.

In the financial year 2021-22, Exide also 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 as well as 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.

www.exideindustries.com For more information on the Company, please log cin to

Disclaimer

In this document, we have disclosed 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

For any further queries/clarifications please contact us at:

Exide Industries Limited Exide House 59 E, Chowringhee Road Kolkata -700 020 Phone - +91 33 2302 3400 Email Id - [email protected] Website -www.exideindustries.com

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Ph : (033) 2283-2120/33/36/50/51/71/2238/39, Fax: (033) 2283-2642/37 e-mail:[email protected],www.exideindustries.com CIN: L31402WB1947PLC014919

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