Exide Industries has delivered steady growth in its third-quarter standalone financial performance, reporting a net profit increase of 5.31% year-on-year. The battery manufacturer's latest results showcase continued profitability expansion, though with a slight variance from analyst projections.

Q3 Financial Performance

The company's standalone net profit for the third quarter reached ₹2.58 billion, marking an improvement from the ₹2.45 billion recorded in the corresponding quarter of the previous year. This performance reflects the company's ability to maintain growth momentum in its core business operations.

Market Expectations vs Actual Results

While Exide Industries demonstrated positive year-on-year growth, the reported net profit of ₹2.58 billion came in marginally below analyst estimates of ₹2.63 billion. The variance between actual results and market expectations was relatively modest, indicating that the company's performance remained largely in line with market projections.

The third-quarter results demonstrate Exide Industries' continued focus on maintaining profitability growth while navigating market conditions. The year-on-year improvement in standalone net profit reflects the company's operational efficiency and market positioning in the battery manufacturing sector.

Exide Industries Limited has invested an additional Rs. 50 crore in its wholly owned subsidiary Exide Energy Solutions Limited (EESL) through a rights issue completed on January 28, 2026. The investment was made by subscribing to 1.25 crore equity shares of Rs. 10 each at a premium of Rs. 30 per share, maintaining the parent company's 100% shareholding in the subsidiary.

Investment Details

The latest investment brings Exide Industries' total investment in EESL to Rs. 4,252.23 crore, including investments made in the erstwhile merged subsidiary Exide Energy Private Limited. The transaction was conducted on an arm's length basis as a related party transaction.

About Exide Energy Solutions Limited

EESL was incorporated on March 24, 2022, and operates in the manufacturing and selling of lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. The subsidiary focuses on manufacturing battery cells of advanced chemistry and form factors, including cylindrical, pouch, and prismatic batteries, along with battery modules and packs.

Business Operations and Expansion

EESL is currently establishing a greenfield manufacturing plant in Bengaluru for producing lithium-ion battery cells, modules and packs. The fresh equity investment will fund this expansion project and meet various operational funding requirements of the subsidiary.

Historical Performance

The subsidiary's turnover performance over the last three years shows:

Note: Figures are subsequent to the merger of Exide Energy Private Limited with EESL

Regulatory Compliance

The investment was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this transaction, and the equity shares were allotted on the same date as the investment.