Exide Industries
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Exide Industries (500086) investor relations material

Exide Industries Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary3 Feb, 2026

Executive summary

  • Q3 FY26 revenue grew 4.7% year-over-year to ₹4,030 crore, driven by strong auto OEM and replacement market growth, while telecom and exports declined sharply, resulting in a 5% YoY sales drop for Q3 in some segments.

  • Over 75 years of operations with a diversified battery portfolio, presence in 60+ countries, and 13 manufacturing plants.

  • Profitable since inception, debt-free, and listed since 1979, with strong liquidity and robust cash flow generation.

  • Cost pressures from high raw material prices and rupee depreciation were offset by cost excellence projects, improving gross margin sequentially.

  • Lithium-ion investments and product launches, including AGM batteries and new inverter ranges, position the company for future growth.

Financial highlights

  • Q3 FY26 revenue rose 4.7% YoY to ₹4,030 crore; EBITDA at ₹449 crore with 11.7% margin; PAT at ₹258 crore, margin steady at 6.4%.

  • 9M FY26 revenue up 2.3% to ₹12,718 crore; EBITDA at ₹1,412 crore, margin at 11.1%; PAT at ₹799 crore, down 2.9% YoY.

  • Standalone EBITDA margin for Q3 FY26: 11.7%, up 220–221 bps sequentially.

  • Exceptional items: Q3 and 9M FY26 PBT include a ~₹9 crore loss due to labor code revision.

  • Data center revenues for the quarter were INR 75–100 crore, with a strong pipeline.

Outlook and guidance

  • Positive market trends and outlook for Q4 FY26 across automotive, solar, telecom, and industrial segments.

  • Lead-acid business outlook remains positive, driven by automotive OEM, aftermarket, solar, and power backup demand.

  • Export business expected to recover due to easing tariff barriers and new partnerships.

  • Management expects high single-digit to early double-digit top-line growth next year if declining segments recover.

  • Lithium-ion cell manufacturing plant nearing production, supporting future growth.

EESL Li-ion cell commercialization timeline
Cost efficiency drivers for Q3 EBITDA margin
Strategy for export business tariff challenges
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