Exide Industries reported a 4.7% YoY increase in revenue for Q3 FY26, driven by strong growth in the replacement and auto OEM markets. The company continues to invest in its subsidiary, Exide Energy Solutions Limited (EESL), with total equity investment in EESL reaching ₹4,252.23 Crores. Despite raw material price pressures, Exide maintained a healthy EBITDA margin.
Financial Performance
Exide Industries announced its financial results for Q3 FY26, highlighting a revenue increase of 4.7% YoY. Revenue reached ₹4,030 Crore compared to ₹3,849 Crore in the same quarter last year. Profit Before Tax (PBT) before exceptional items also saw an increase of 5.6%. The growth was primarily driven by strong performance in the replacement and auto OEM markets.
The company’s EBITDA margin remained strong at 11.7%, despite pressures from rising raw material costs. This was achieved through strong volume growth, improved product mix, and realization of cost excellence projects.
Business Segment Highlights
The auto OEM business experienced significant growth, increasing by over 25% YoY, resulting in increased market share across segments. Domestic business (excluding Telecom) grew by 10% during the quarter. Export business faced challenges due to tariff-related issues in certain markets.
Investment in Exide Energy Solutions Limited (EESL)
Exide Industries is actively investing in its subsidiary, EESL, which is setting up a lithium-ion cell manufacturing facility. In Q3 FY26, Exide invested ₹320 Crores in EESL, with an additional ₹50 Crores invested in January 2026. The total equity investment in EESL to date stands at ₹4,252.23 Crores (including investment in erstwhile merged entity EEPL).
Operational Progress
EESL’s project site is witnessing steady progress, with product validation from the cylindrical cell line underway. Installation and commissioning are nearing completion for the other three lines. The company is also pursuing collaborations with OEMs and energy providers to expand its market reach.
Source: BSE
