Exide Industries Q3 FY26 Results: Revenue Up 4.7%, Further ₹1,400 Crore Investment in EESL
Exide Industries reported Q3 FY26 standalone revenue of ₹4,030 crore, up 4.7% YoY. The company will invest up to ₹1,400 crore in its subsidiary EESL for a lithium-ion cell manufacturing facility. Auto OEM business grew over 25% YoY, and replacement business also saw double-digit growth.
The announcement includes financial results and a major strategic investment decision that will significantly impact the company's future growth and capital structure.
The company reported revenue growth, strong performance in key business segments like Auto OEM and replacement, and a significant further investment in a strategic growth area (lithium-ion manufacturing).
Exide Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results, which were reviewed by the Audit Committee.
For the third quarter of FY26, the company reported standalone revenues of ₹4,030 crore, a 4.7% increase year-on-year. EBITDA margin was maintained at 11.7% despite raw material price pressures, attributed to strong volume growth and an improved product mix. The Auto OEM business saw significant growth of over 25% year-on-year, and the 2W/4W replacement business also achieved its highest ever quarterly revenue.
In a strategic move, the Board decided to further invest up to ₹1,400 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), for setting up a greenfield multi-gigawatt Lithium-ion cell manufacturing facility. This investment will be made in one or more tranches. As of Q3 FY26, EESL had already invested ₹320 crore in the quarter and an additional ₹50 crore in January 2026, bringing the total equity investment in EESL to ₹4,252.23 crore.
The company highlighted that GST 2.0 reforms provided a boost to the battery industry. Despite global tariff challenges impacting export business, domestic business growth (excluding Telecom) was 10% in Q3 FY26. The company maintains a comfortable liquidity position with zero debt and strong cash flow generation.
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Exide Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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