Exide Industries Q2 FY26 Earnings Call Transcript
Exide Industries releases Q2 FY26 earnings call transcript. GST rate cuts impacted sales, but lithium-ion production is expected to start by FY26 end.
The announcement provides insights into the company's performance, GST impacts, and progress in lithium-ion cell manufacturing, which can influence investor decisions and market perception.
The announcement primarily provides information about the earnings call transcript and a business update. While there are mentions of growth in some sectors, there are also declines in others, and the GST impact is neutral.
* Exide Industries Limited has announced the transcript of the Q2 FY 2025-26 earnings conference call. * The transcript is available on the company's website. * Mr. Avik Roy, MD & CEO, mentioned that GST rate cuts are expected to drive demand, with battery GST reduced from 28% to 18% effective 22nd September. * The company passed on the GST rate reduction benefits to end consumers. * Nearly 88% of the company's business grew by about 7%, with aftermarket, automotive, solar, and IUPS contributing to the growth. * The remaining 12% of the business witnessed a decline in revenues due to weaker demand in exports, last mile (e-rickshaw), and telecom businesses. * The company experienced a 2.1% degrowth in Q2, resulting in a 1.3% growth during H1. * Lower production and sales impacted profitability due to destocking by distributors and retailers anticipating new stocks with updated prices after GST rate cuts. * The company generated an incremental cash flow of ₹500 crore plus through efficient working capital management. * The company expects to start lithium-ion cell production towards the end of FY '26. * The company invested ₹580 crore in H1 FY '26 and a further ₹65 crore in October, bringing the total equity investments in Exide Energy to ₹3,947 crore. * Equipment installation and commissioning are nearing completion at Exide Energy.
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Exide Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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