Interim report
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&EXIDE Ref no.: EIL/SEC/2025-26/52 14th November 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- 14th o ember 2025 Dear Sir/Madam, In furtherance to our letter dated 6th November 2025, communicating the date of Board Meeting for consideration of Unaudited Financial Results for the quarter and half year ended 30th 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, 14th November 2025, inter-alia, has taken the following decision: - Unaudited (Standalone and Consolidated) Financial Results of the Companv for the quarter and half vear ended 30th September 2025 The Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th 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 : exideindustrieslimited@exide.co.in, 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 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 : exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919
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BS R & Co. LLP Chartered Accountants 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 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. Kolkata 14 November 2025 For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 s� rno�- Seema Mohnot Partner Membership No.: 060715 UDIN:25060715BMNVPJ6211 Registered Office: 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 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
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EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKATA-700020 CIN: L31402WB1947PLC0l4919 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30 SEPTEMBER 2025 Particulars 3 Months 3 Months 3 Months ended ended ended 30 Sept.2025 30 Jun.2025 30 Sept.2024 (Unaudited) (Unaudited) (Unaudited) Rs. Crores Rs. Crores Rs. Crores 1. Income a. Revenue from operations 4,178.29 4,509.81 4,267.30 b. Other income 42.43 18.16 52.81 Total income 4,220.72 4,527.97 4,320.11 2. Expenses a. Cost of materials consumed 2,896.25 3,129.69 3,084.66 b. Purchases of stock in trade 1.38 1.08 0.56 c. (Increase)/ decrease in inventories of finished goods, work in progress and stock in trade 34.64 (11.50) (163 88) d. Employee benefits expense 268.35 273.97 267.53 e. Finance costs 8.93 9.07 10.29 f. Depreciation and amortisation expenses 130.57 127.61 126.99 g. Other expenses 583.02 568.35 594.83 Total expenses 3,923.14 4,098.27 3,920.98 3. Profit before tax 297.58 429.70 399.13 4. Tax expenses - Current 84.19 116.46 106.91 - Deferred (7.35) (721) (5.55) -Total 76.84 109.25 101.36 5. Net profit after tax 220.74 320.45 297.77 6. Other comprehensive income i. Items that will not be reclassified to Statement of profit or loss (505.49) 1,120.92 1,074.23 ii. Income tax relating to items that will not be reclassified to Statement of profit 7102 (158.94) (126.40) or loss Total other comprehensive income/ (loss) (434.47) 961.98 947.83 7. Total comprehensive income/ (loss) (213.73) 1,282.43 1,245.60 8. Paid up equity share capital 85.00 85.00 85.00 ( Face value Re. I ) 9. Other equity 10. Earnings oer share I Basic & Diluted) Rs. 2.60 # Rs. 3.77 # Rs. 3.50 # Not annualised . Year to Year to Year date date ended 30 Sept.2025 30 Sept.2024 31 Mar.2025 (Unaudited) (Unaudited) (Audited) Rs. Crores Rs. Crores Rs. Crores 8,688.10 8,580.06 16,588.11 60.59 66.96 96.16 8,748.69 8,647.02 16,684.27 6,025.94 5,955.21 11,574.85 2.46 1.66 2.69 23.14 (46.04) (188.49) 542.32 532.53 1,055.80 18.00 18.95 43.89 258.18 252.73 503.93 1,151.37 1,158.80 2,250.12 8,021.41 7,873.84 15,242.79 727.28 773.18 1,441.48 200.65 209.60 386.78 (14.56) (13.76) (22.23) 186.09 195.84 364.55 541.19 577.34 1,076.93 615.43 738.98 443.17 (87.92) (87.59) (45.00) 527.51 651.39 398.17 1,068.70 1,228.73 1,475.10 85.00 85.00 85.00 14,357.34 # Rs. 6.37 # Rs. 6.79 # Rs. 12.67
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EXIDE lNDUSTRlES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN: L31402WB1947PLC014919 STANDALONE 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 Asat 30 Sept.2025 31 March.2025 (Unaudited) (Audited) Rs. Crores Rs. Crores 2,797.23 2,860.80 134.07 137.54 14.22 15.14 11,009.42 9,830.56 0.61 0.59 23.49 24.07 4.65 44.73 31.32 14,023,77 12,904.67 3,313.40 3,827.43 459.77 141.37 1,437.93 1,576.59 50.52 111.26 5.03 4.62 50.43 42.60 239.82 210.55 5,556.90 5,914.42 19,580,67 18,819,09 85.00 85.00 15,256.04 14,357.34 15,341.04 14,442.34 369.91 375.21 12.52 11.89 2.16 2.16 78.89 74.78 83.66 10.76 547.14 474,80 10.61 10.38 117.19 129.34 2,616.93 2,701.85 333.72 361.26 192.13 305.56 414.77 393.56 7.14 3,692.49 3,901.95 19,580.67 18,819.09
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EXIDE INDUSTRlES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKATA -700020 CIN: L31402WB1947PLC014919 STANDALONE STATEMENT OF CASH FLOW Particulars (A) CASH FLOW FROM OPERATING ACTIVITIES: Net Profit Before Tax Adjustment for: Depreciation and amortisation Profit on property, plant and equipment sold/discarded (net) Dividend income Rent income Gain on fair valuation of investments designated as FVTPL Gain on disposal of investments designated as FVTPL Finance costs Interest income Provision for expected credit loss on trade receivables Operating profit before working capital changes (Increase) I decrease in trade receivables (Increase)/ decrease in inventories Increase in other financial assets and other assets Increase I (decrease) in trade payables, other liabilities and provisions Cash generated from operations Direct taxes paid (net of refunds and interest thereon) Net Cash from operating activities (B) CASH FLOW FROM INVESTING ACTIVITIES: Purchase and construction of property, plant and equipment ( including intangible assets) Proceeds from 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 funds Sale of investment in shares/mutual funds 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 financing activities Net decrease in cash and cash equivalents (A+B+C) Cash and cash equivalents - opening balance Cash and cash equivalents - closin� balance Notes: I. Revenue from Operations is net of trade discounts / trade incentives. l& ■XIDEI Year to date Year to date 30 Sept.2025 30 Sept.2024 (Unaudited) (Unaudited) Rs. Crores Rs. Crores 727.28 773. 18 258.18 252.73 (0.02) (0.04) (18.28) (174 1) (0.04) (7.22) (6.46) (8.60) (12.70) 18.00 18.95 (1.20) (1.97) 1.51 1.66 969.65 1,007.90 137.13 (9.72) 514.03 (320.21) (34.39) (66.04) (224.74) 277.61 1,361.68 889.54 (189 32) (163 64) 1,172.36 725.90 (192.82) (241.29) 0.05 0.61 (580.00) (450.00) 100.00 (2.87) (2.07) 17.62 (1,155.00) (928.12) 852.42 850.42 1.20 1.97 0.04 19.38 18.19 (1,040.02) (650.25) (170.00) (170.00) (21.66) (23.46) (1.42) (0.56) (193.08) (194.02) (60.74) (118.37) 111.26 217.45 50.52 99.08 2. The Company's business activity falls within single operating segment of 11 Storage Batteries and Allied Product" Hence, no separate segment information is disclosed. 3. 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. b y Or1erff_the Bo'fj v l ll,... �Vv--,:st Kolkata Avik Kumar Roy November 14, 2025 Managing Director & Chief Executive Officer DIN : 08456036
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0 red Ace BS R & Co. LLP Chartered Accountants 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 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. 4. 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 & 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 Registered Office: 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
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BS R & Co. LLP Limited Review Report (Continued) Exide Industries Limited c. Zillica Renewable Private Limited 5. 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. 6. 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. 7. 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. Page 2 of 3
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BS R & Co. LLP Limited Review Report (Continued) Exide Industries Limited Our conclusion is not modified in respect ·of this matter. Kolkata 14 November 2025 For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 S�f{\o�- Seema Mohnot Partner Membership No.: 060715 UDIN:25060715BMNVPK2688 Page 3 of 3
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EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E.CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN: L31402WB1947PLC014919 UNAUDITED CONSOLIDATED 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 matetiaJs 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 share of profit/(loss) of Equity Accounted Investees and Tax Share of Profit/ (Loss) of Equity Accounted Investees (Net of tax) 4. Profit before tax for the period 5. Tax expenses - Current - Deferred - Total 6. Net Profit after tax for the period 7. 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 iii. Items that will be reclassified to profit or loss Total other comprehensive income/ (loss) 8. Total Comprehensive Income/ (loss) 9. Paid up equity share capital ( Face vaJue Re. 1 ) 10. Other equity II. Earnings oer Share (Basic and Diluted) # Not annualised A. Profit for the year/period attributable to: Owners of the Company Non-controlling interests B. Other comprehensive income/ (loss) for the year/period attributable to: I C. Owners of the Company Non-controlling interests Total comprehensive income/ (loss) for the year/period attributable to: Owners of the Company INon-controllin!! interests 3 Months ended 30 Sept.2025 (Unaudited) Rs. Crores 4,364.51 53.66 4,418.17 2,960.63 8.74 5.27 342.25 39.74 152.10 656.20 4,164.93 253.24 0.09 253.33 86.36 (6.67) 79.69 173.64 (505.14) 71.00 3.63 (430.51) (256.87) 85.00 Rs. 2.02 171.94 1.70 (430.51) - (258.57) 1.70 3 Months 3 Months Year to ended ended date 30 Jun.2025 30 Sept.2024 30 Sept.2025 (Unaudited) (Unaudited) (Unaudited) Rs. Crores Rs. Crores Rs. Crores 4,695.12 4,450.00 9,059.63 27.57 40.25 81.23 4,722.69 4,490.25 9,140.86 3,092.27 3,123.75 6,052.90 37.17 79.98 45.91 40.98 (229.62) 46.25 343.69 329.96 685.94 32.40 34.02 72.14 148.94 145.91 301.04 642.67 673.63 1,298.87 4,338.12 4,157.63 8,503.05 384.57 332.62 637.81 0.34 (0 25) 0.43 384.91 332.37 638.24 117.77 109.47 204.13 (7.44) (10.50) (14.11) 110.33 98.97 190.02 274.58 233.40 448.22 1,120.70 1,074.31 615.56 (158.93) (126.44) (87.93) 5.02 6.91 8.65 966.79 954.78 536.28 1,241.37 1,188.18 984.50 85.00 85.00 85.00 # Rs. 3.21 # Rs. 2.72 # Rs. 5.23 272.99 231.28 444.93 1.59 2.12 3.29 966.79 954.78 536.28 - 1,239.78 1186.06 981.21 1.59 2.12 3.29 Year to Year date ended 30 Sept.2024 31 Mar.2025 (Unaudited) (Audited) Rs. Crores Rs. Crores 8,885.71 17,237.85 56.58 112.80 8,942.29 17,350.65 6,011.79 11,697.30 89.81 119.62 (119.52) (219.50) 651.12 1,296.31 63.81 153.03 289.67 582.34 1,307.04 2,546.09 8,293.72 16,175.19 648.57 1,175.46 (0. 15) 0.50 648.42 1,175.96 212.63 394.41 (18 36) (18.95) 194.27 375.46 454.15 800.50 739.02 442.24 (87.63) (44.94) 6.18 4.82 657.57 402.12 1,111.72 1,202.62 85.00 85.00 13,828.48 # Rs. 5.31 # Rs. 9.35 451.34 795.02 2.81 5.48 657.57 402.12 - - 1,108.91 1,197.14 2.81 5.48
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EXIDE INDUSTRIES LIMITED EXlDE HOUSE, 59E,CHOWRINGHEE ROAD. KOLKA TA - 700020 CIN: L31402WBl947PLC0l4919 CONSOLIDATED BALANCE SHEET Particulars A. ASSETS I. Non-current assets a. Property, plant and equipment b. Capital work -in-progress c. Goodwill d. Other intangible assets e. Intangible assets under development f Investment in associates g. Financial assets i. Investments ii. Trade receivables iii. Loans iv. Other financial assets h. Income tax assets (net) i. Deferred tax assets (net) j. 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. Loans vi. Other financial assets c. Other current assets d. Non-Current assets held-for-sale Total - Current assets Total - Assets B. EQUITY AND LIABILITIES Equity Equity share capital Other equity Non - controlling interest Total Equity I. Non-current liabilities a. Financial liabilities i. Borrowings ii. Lease liabilities iii. Trade payables Total outstanding dues of micro and small Enterprises Total outstanding dues of creditors other than micro and small enterprises iv. Other financial liabilities b. Provisions c. Deferred tax liabilities (net) Total - Non-current liabilities Current liabilities a. Financial liabilities i. Borrowings ii. Lease liabilities iii. Trade payables Total outstanding dues of micro and small enterprises Total outstanding dues of creditors other than micro and small enterprises iv. Other fmancial liabilities b. Other current liabilities c. Provisions d. Current tax liabilities (net) Total - Current liabilities TOT AL - EQUITY AND LIABILITIES As al 30 Sept,2025 (Unaudited) Rs. Crores 3,765.22 3,865.11 45.82 30.17 241.35 28 09 6,720.96 0.61 0.16 43.29 17.90 6.50 400.89 15,166.07 3,889.28 680.71 l,531.l 5 119.62 7.66 0.44 94.59 326.47 6,649.92 21,815.99 85.00 14,639.69 23.93 14,748.62 946.48 434.72 12.52 21.62 106.57 85.89 1,607.80 249.34 14.13 154.77 3,165.56 1,053.15 392.17 421.21 9.24 5,459.57 21,815.99 As al 3 l March,2025 (Audited) Rs. Crores 3,853.63 3,426.05 45.82 35.89 217.36 27.66 6,122.03 0.59 0.19 43.44 26.69 6.65 386.28 14,192.28 4,564.90 318.27 1,686.39 180.82 7.20 0.34 76.72 352.29 17.12 7,204.05 21,396.33 85.00 13,828.48 20.64 13,934.12 943.07 441.22 I l.89 7194 100.89 12.83 1,581.84 618.10 14.32 151.65 3,193.31 993.68 506.65 399.00 3.66 5,880.37 21,396.33
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EXIDE INDUSTRIES LIMITED EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKA TA - 700020 CIN : L31402WB1947PLC014919 CONSOLIDATED STATEMENT OF CASH FLOW Particulars (A) CASH FLOW FROM OPERA TING ACTIVITIES: Net Profit Before Tax Adjustment for: Depreciation and amortisation Gain on disposal of investments designated as FVTPL Profit on property, plant and equipment sold/discarded (net) Income from investment including dividend and interest Gain on fair valuation of investments designated as FVTPL Finance costs Uruealised foreign exchange loss Provision for expected credit loss on trade receivables Share of (profit)/loss of Equity Accounted Investees, net of tax Operating cash flow before working capital changes (Increase)/ decrease in trade receivables (Increase)/ decrease in inventories Increase in loans, other financial assets and other assets Increase / (decrease) in trade payables, other liabilities and provisions Cash generated from operations Direct taxes paid (net ofrefunds and interest thereon) Net Cash from operating activities (B) CASH FLOW FROM INVESTING ACTIVITIES: Purchase and construction of property, plant and equipment (including intan!,rjble assets) Proceeds from sale of property, plant and equipment Acquisition of interest in associates Net movement in other bank balances Purchase of investment Proceeds from sale of investment Investment income (including dividends and interest) Net Cash used in investing activities (C) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from borrowings Repayment of borrowings Dividends paid Payment towards lease liabilities Interest paid Net Cash from/(used) in financing activities Net decrease in cash and cash equivalents (A+B+c) Cash and cash equivalents - opening balance Cash and cash equivalents - closing balance Effect of exchange rate changes Cash and cash equivalents - Closing Balance Notes: I. Revenue from operations is net of trade discounts / trade incentives. Year to date Year to date 30 Sept.2025 30 Sept.2024 (Unaudited) (Unaudited) Rs. Crores Rs. Crores 638.24 648.42 301.04 289.67 (13.87) (13.19) (14.09) (0.32) (19.92) (19.61) (9.23) (6.47) 72.14 63.81 5.50 1.99 2.26 (0.43) 0.15 961.37 964.72 153.23 (9.52) 675.62 (360.12) (25.44) (178.88) (151.36) 348.51 1,613.42 764.71 (190.23) (161.84) 1,423.19 602.87 (600.71) (1,220.46) 26.17 1.37 - (1.49) (0.05) - (1,600.37) (1,097.40) 1,275.79 1,026.02 19.92 19.16 (879.25) (1,272.80) 666.19 783.07 (1,029.75) (44.40) (170.00) (170.00) (26.60) (20.86) (5247) (44 18) (612.63) 503.63 (68.69) (166.30) 180.82 322.99 112.13 156.69 7.49 7.38 119.62 164.07 2. The Group's business activity falls within single operating segment of "Storage Batteries and Allied Product". Hence, no separate segment information is disclosed. 3. 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. Kolkata November 14, 2025. t:t� Avik Kumar Roy Managing Director & Chief Executive 0 DIN : 08456036
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&IXIDI November 14, 2025 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 PBT Rs. Crore 298 .399 727 PAT Rs. Crore 221 298 541 EPS * Rs. 2.60 3.50 6.37 * 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:exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919 978 773 577 6.79
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&EXIDE • 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 : exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919
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GIXIDI Below are some latest pictures of the lithium-ion cell manufacturing project site: 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:exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919
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&EXIDE 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. For more information on the Company, please log cin to www.exideindustries.com 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 - investor.relations@exide.co.in 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:exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919