Exide Industries Q3 results: Net profit rises 5% YoY to ₹258 crore, revenue up 5%

In the corresponding period of the previous fiscal year, the company had clocked a profit of ₹244.99 crore, it said in a regulatory filing.

Its revenue from operations surged 4.7% YoY to ₹4,029.71 crore during the quarter under review, compared to ₹3,848.63 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, advanced 4.7% YoY to ₹470 crore in Q3 of the current fiscal year, as against ₹449 crore in the year-ago period.

Despite pressure on raw material prices, the Kolkata-based firm maintained its EBITDA margin of 11.7% for the reporting quarter, on a YoY basis, supported by strong volume growth and improved product mix and realization.

It also accrued benefits from various cost excellence projects, partially offsetting the adverse cost impact. On a quarter-on-quarter (QoQ) basis, its EBITDA margin has improved by 221 bps, the company stated.

Key highlights

• The GST 2.0 reforms, which became effective towards the end of the second quarter, provided a major boost for the battery industry. Furthermore, the automotive industry production volume growth across segments stood in the mid to high teens range, on a YoY basis.

• Its overall Domestic business growth, excluding telecom, stood at 10% in Q3FY26.

• Its export business continued to be significantly impacted in certain markets amid tariff-linked challenges.

• Its Auto OEM business grew over 25% YoY, leading to increased market share across multiple segments. Additionally, it was also the fastest-growing vertical during the quarter, achieving its highest-ever quarterly revenue.

• Exide Industries’ 2W/4W replacement business also achieved its highest-ever quarterly revenue, continuing to grow in double digits on a YoY basis.

• Its industrial infra business (excluding Telecom) also showed double-digit growth on a YoY basis as order inflow and order execution picked up in sectors like railways, tractio11, etc.

• The company’s inverters and solar business were back on a growth trajectory after the monsoon-led slowdown. Its outlook was positive ahead of peak season.

• Overall, 92% of its business grew by over 12%, whereas the rest 8% of the business declined by 38%.

What the CEO said

Commenting on the earnings, Avik Roy, MD & CEO of Exide Industries, said: “Q3 FY26 revenues showed a strong recovery post slowdown in Q2. GST 2.0 resulted in overall growth in the automotive sector, which Exide capitalised on.”

He stated that the macroeconomic conditions in India have continued to be favourable with low inflation, lower income tax rates, lower repo rates and positive consumer sentiment. However, he added that metals such as silver, copper, sulphur and tin have been at their all-time rates, which has contributed to increased cost pressures. Additionally, rupee depreciation has also created further cost-side challenges.

“In this environment, the company's priority has been on managing profitable growth and focusing on preserving cash. The company continues to deliver stable performance along with maintaining a strong balance sheet and positive cash flow generation, thereby establishing the strength of our brand and trade network,” Roy said.

During the quarter, the company achieved more than 25% growth in the auto OEM segment. The auto replacement and infrastructure segment (excluding telecom) also showed double-digit growth. International business was impacted due to global tariff uncertainties, he noted, adding that, “we expect both the auto replacement and OEM business to continue their strong growth momentum into Q4.”

“The company continues to focus on better sales mix, innovative products and achieving cost efficiencies in its manufacturing facilities. Various investments in improving the Lead Acid Battery manufacturing technologies have started showing results,” Roy stated.

He added that the firm plans to invest in process automation to further drive operational efficiency and improve quality.

“In the lithium-ion cell manufacturing project, installation and commissioning work is going on in full swing. Product validation trials have started for the cylindrical line,” he noted.

Shares of Exide Industries were trading 0.25% higher at ₹321.65 per unit on the National Stock Exchange (NSE) as of 3:15 pm.

Exide Industries has a total market capitalisation of ₹27,348.75 crore, as of January 30, 2026, according to data on the NSE.