Exide Industries shares rose about 2 % on Thursday, September 24, after the company announced that its material subsidiary, Exide Energy Solutions Limited (EESL), had completed commissioning Phase I of a six‑gigawatt‑hour lithium‑ion cell manufacturing facility in Devanahalli, Bengaluru. The facility, which will produce advanced lithium‑ion cells across multiple chemistries and form factors, is expected to enable EESL to supply a wide range of mobility and energy‑storage applications. The announcement was made in a regulatory filing dated September 23, following the facility’s commissioning on the previous day.

EESL’s Phase I commissioning marked the first operational milestone of the six‑gigawatt‑hour plant situated at Devanahalli, a suburb of Bengaluru in Karnataka. The plant’s capacity will allow it to manufacture lithium‑ion cells that cater to diverse mobility solutions, including electric vehicles, as well as stationary storage systems for industrial and infrastructure use. By producing cells in multiple chemistries and form factors, EESL aims to broaden its product portfolio and meet the growing demand for energy‑storage solutions across different sectors.

In a separate regulatory filing dated September 16, Exide Industries disclosed a long‑term strategic cooperation agreement with Germany‑based ExCom Energy Solutions GmbH. The partnership will focus on industrial battery and energy‑storage systems across the European Economic Area (EEA). Products offered under this collaboration will be marketed and sold under the ExCom brand, with ExCom GmbH acting as the central commercial and technical interface for customers in the region. The agreement will cover traction and motive‑power battery solutions for material‑handling equipment, logistics operations, and other industrial mobility applications, as well as stationary battery systems for industrial, infrastructure, and energy‑storage uses.

Exide Industries reported a 28 % year‑on‑year surge in consolidated net profit to ₹350 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with ₹745 crore in the same period last year. Revenue from operations rose 18 % YoY to ₹5,528 crore during the quarter, up from ₹4,695 crore in Q1 FY26. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 15 % YoY to ₹621 crore, while the EBITDA margin contracted marginally to 11.23 % from 11.46 % in the prior year.

Shares of Exide Industries climbed as much as 2.5 % to hit an intraday high of ₹436.80 per unit on the National Stock Exchange (NSE) on Thursday, September 24. The development was announced after the market closed on Wednesday. Over the past week, the stock has advanced 3 % but has fallen 5 % over the month. Year‑to‑date, it has risen 18 %. The 52‑week high of ₹496.40 was reached on August 11, 2026, while the year’s low of ₹287 was recorded on March 11, 2026.

As of September 24, 2026, Exide Industries had a market capitalisation of ₹36,677.50 crore according to NSE data. The company’s performance has seen a 3 % rise in the past week, a 5 % decline over the month, and an 18 % increase year‑to‑date. The stock’s 52‑week high of ₹496.40 was set on August 11, 2026, while its lowest point of ₹287 was reached on March 11, 2026. The company’s recent developments, including the commissioning of the lithium‑ion plant and the ExCom partnership, have contributed to the share price movement.