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Exide Industries Invests Rs 100 Crore in Lithium-Ion Subsidiary EESL
Exide Industries has infused an additional Rs 100 crore into its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This brings the company's total cumulative investment in its lithium-ion battery venture to Rs 4,352.23 crore. The capital is specifically allocated to fund EESL's greenfield project in Bengaluru, which aims to manufacture advanced chemistry battery cells and modules for the EV market. Despite EESL reporting a loss of Rs 209.12 crore in FY25, Exide continues to aggressively fund this high-growth vertical.
Key Highlights
Invested Rs 100 crore by subscribing to 2.5 crore equity shares at Rs 40 each (including premium).
Total cumulative investment in EESL now stands at Rs 4,352.23 crore.
Funds are directed towards a greenfield lithium-ion battery manufacturing plant in Bengaluru.
EESL reported a turnover of Rs 116.89 crore and a net loss of Rs 209.12 crore for FY 2024-25.
💼 Action for Investors
Investors should view this as a commitment to the EV transition, though the subsidiary remains in a capital-intensive gestation phase. Monitor the Bengaluru plant's commissioning timeline and future off-take agreements as key valuation drivers.
Exide Q3 FY26: Revenue Crosses ₹4,000 Cr Mark; EBITDA Margin Improves to 11.7%
Exide Industries reported a milestone Q3 FY26, with revenue crossing ₹4,000 crores for the first time in a third quarter, driven by a 25% YoY surge in Auto OEM sales. While overall revenue grew 5% YoY, domestic growth excluding the declining telecom segment was robust at 10%. The company maintained an EBITDA margin of 11.7%, benefiting from a 220 bps sequential improvement despite high commodity costs for tin, silver, and copper. Total investment in the lithium-ion cell project has reached ₹4,252 crores, with product validation currently underway.
Key Highlights
Quarterly revenue crossed ₹4,000 crores for the first time in a Q3, up approximately 5% YoY.
Auto OEM segment achieved its highest-ever quarterly revenue with 25% YoY growth.
EBITDA margin expanded by 220 basis points sequentially to 11.7% through cost excellence projects.
Total equity investment in the lithium-ion subsidiary (Exide Energy) reached ₹4,252 crores.
Industrial UPS and Solar segments grew by 13% and single digits respectively, offsetting telecom declines.
💼 Action for Investors
Investors should monitor the progress of the lithium-ion cell manufacturing project as it nears commissioning, which is a key long-term growth driver. The stock remains a strong play on automotive recovery and energy transition, supported by robust lead-acid margins.
Exide Industries Q3 FY26 Revenue Up 4.7% to ₹4,030 Cr; Lithium-Ion Plant Nears Production
Exide Industries reported a steady Q3 FY26 with total revenue growing 4.7% YoY to ₹4,030 crore and PAT increasing 5.2% to ₹258 crore. While 9-month EBITDA saw a marginal decline of 1.0% to ₹1,412 crore, the company remains debt-free and is funding its green technology expansion through internal accruals. A significant focus remains on the upcoming lithium-ion cell manufacturing plant, where cylindrical line validation and prismatic line installation are currently underway. The company is also diversifying its portfolio with new launches in the premium automotive and solar inverter segments scheduled for February 2026.
Key Highlights
Q3 FY26 Revenue grew 4.7% YoY to ₹4,030 crore, with EBITDA margins stable at 11.7%.
Maintained a debt-free balance sheet with a market capitalization of ₹30,787 crore as of December 2025.
Lithium-ion cell plant progress: Cylindrical line is in the validation phase, while the prismatic line is being installed.
Inventory days reduced from 110 in March 2025 to 95 in December 2025, showing improved working capital management.
Secured 100% share of business (SOB) for upcoming models like Kia Seltos facelift and Tata Sierra petrol.
💼 Action for Investors
Investors should monitor the commissioning timeline of the lithium-ion plant as it is the primary long-term growth driver. The stock remains a solid play on the automotive recovery and energy storage transition, backed by a strong debt-free balance sheet.
Exide Industries Q3 FY26: Revenue Grows 4.7% YoY; Board Approves ₹1,400 Cr Li-ion Investment
Exide Industries reported a steady performance for Q3 FY26, with standalone revenue growing 4.7% YoY to ₹4,029.71 crore, supported by strong demand in the replacement and auto OEM markets. Profit Before Tax (PBT) grew 5.6% YoY to ₹343.38 crore, even after accounting for a ₹9.04 crore exceptional item related to new labour codes. A major strategic highlight is the board's approval to invest an additional ₹1,400 crore in its subsidiary, Exide Energy Solutions Limited (EESL), to fund the greenfield Lithium-ion cell manufacturing facility. This reinforces Exide's commitment to the electric vehicle battery ecosystem.
Key Highlights
Standalone Revenue from Operations increased 4.7% YoY to ₹4,029.71 crore in Q3 FY26.
Net Profit after Tax (PAT) rose 5.2% YoY to ₹257.70 crore from ₹244.99 crore in the previous year.
Board approved a significant further investment of up to ₹1,400 crore in the Lithium-ion subsidiary EESL.
Exceptional item of ₹9.04 crore recognized during the quarter due to the impact of new Labour Code regulations.
Quarterly Earnings Per Share (EPS) improved to ₹3.03 from ₹2.88 in Q3 FY25.
💼 Action for Investors
Investors should view the steady core business growth and the aggressive ₹1,400 crore capital allocation toward Lithium-ion technology as a positive sign for long-term sustainability. Monitor the execution timelines of the EESL manufacturing facility as it remains the key catalyst for future valuation rerating.
Exide Industries Q3 PAT Rises 5% to ₹258 Cr; Board Approves ₹1,400 Cr Lithium-ion Investment
Exide Industries reported a steady 5.2% YoY growth in standalone Net Profit to ₹257.70 crore for the quarter ended December 31, 2025, driven by a 4.7% increase in revenue to ₹4,029.71 crore. A major strategic highlight is the Board's approval to invest an additional ₹1,400 crore in its subsidiary, Exide Energy Solutions Limited, for its greenfield Lithium-ion cell manufacturing project. Despite a slight dip in 9-month cumulative profits and an exceptional charge of ₹9.04 crore related to new labour codes, the company continues to maintain stable operational performance while pivoting towards the EV battery ecosystem.
Key Highlights
Standalone Revenue from Operations grew 4.7% YoY to ₹4,029.71 crore in Q3 FY26.
Standalone Net Profit increased to ₹257.70 crore compared to ₹244.99 crore in the year-ago period.
Board approved a significant further investment of up to ₹1,400 crore in the Lithium-ion manufacturing subsidiary EESL.
Recognized an exceptional expense of ₹9.04 crore due to the notification of new Government Labour Codes.
9-month standalone PAT for the period ending Dec 2025 stood at ₹798.89 crore versus ₹822.33 crore in the previous year.
💼 Action for Investors
Investors should focus on the company's aggressive capital allocation towards the Lithium-ion segment, which is a critical long-term growth driver. While the core lead-acid business remains stable, the execution of the new EV battery facility will be the primary catalyst for future stock rerating.
Exide Q3 PAT Up 5% to ₹258 Cr; Board Approves ₹1,400 Cr Investment in Li-ion Subsidiary
Exide Industries reported a steady performance for Q3 FY26, with standalone net profit rising 5.2% YoY to ₹257.70 crore. Revenue from operations grew 4.7% to ₹4,029.71 crore, reflecting resilient demand in the storage battery segment. A major strategic highlight is the board's approval to invest an additional ₹1,400 crore in its subsidiary, Exide Energy Solutions Limited (EESL), to fund the multi-gigawatt Lithium-ion cell manufacturing facility. The company also recognized a one-time exceptional charge of ₹9.04 crore related to the new Labour Codes.
Key Highlights
Standalone Revenue from Operations increased 4.7% YoY to ₹4,029.71 crore.
Standalone Net Profit for the quarter ended Dec 31, 2025, rose to ₹257.70 crore from ₹244.99 crore YoY.
Board approved a significant further investment of up to ₹1,400 crore in EESL for the Li-ion project.
Exceptional item of ₹9.04 crore recorded due to the impact of newly notified Labour Codes.
9M FY26 Standalone Revenue reached ₹12,717.81 crore compared to ₹12,428.69 crore in the previous year.
💼 Action for Investors
Investors should focus on the company's aggressive capital allocation towards the Lithium-ion space, which positions it well for the EV transition. Maintain a long-term outlook as the core lead-acid business remains stable while the EESL project scales up.
Exide Industries Invests ₹50 Crore in Lithium-Ion Subsidiary EESL
Exide Industries has infused an additional ₹50 crore into its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This brings the company's total cumulative investment in its lithium-ion venture to ₹4,252.23 crore. The capital is specifically directed toward funding a greenfield manufacturing plant in Bengaluru for battery cells and modules. While EESL is currently loss-making as it scales, this investment reinforces Exide's strategic pivot toward the electric vehicle and stationary storage markets.
Key Highlights
Investment of ₹50 crore made by subscribing to 1.25 crore equity shares at ₹40 each (including premium).
Total cumulative investment in EESL now reaches ₹4,252.23 crore as of January 2026.
Funds are earmarked for the development of a greenfield lithium-ion cell manufacturing facility in Bengaluru.
EESL reported a turnover of ₹116.89 crore and a net loss of ₹209.12 crore for the financial year ended March 31, 2025.
Exide Industries maintains 100% ownership of EESL following this transaction.
💼 Action for Investors
Investors should view this as a necessary capital commitment for Exide's long-term transition into the EV battery space. Monitor the commissioning timelines of the Bengaluru plant as it is the key catalyst for future revenue diversification.
Exide Industries Appoints Indranil Chatterjee as EVP and Head of Operations
Exide Industries has appointed Mr. Indranil Chatterjee as Executive Vice President and Head of Operations, effective January 12, 2026. Mr. Chatterjee transitions from his role as MD & CEO of Chloride Metals Limited, a 100% subsidiary of Exide, which he scaled to a turnover exceeding ‡6,000 crore. With over 30 years of experience in manufacturing and operational leadership, he will now oversee large-scale operations and capacity expansion for the parent company. This internal promotion brings a proven leader into a critical operational role during a period of industrial transformation.
Key Highlights
Mr. Indranil Chatterjee appointed as Senior Management Personnel (SMP) effective January 12, 2026.
Previously served as MD & CEO of subsidiary Chloride Metals Limited, achieving a turnover of over ‡6,000 crore.
Brings 30+ years of experience in manufacturing excellence across FMCG, industrial ceramics, and automobiles.
Has previously managed major Exide manufacturing locations in Haldia, Shyamnagar, and Hosur.
Educational credentials include Jadavpur University and an Advanced Management Diploma from Wharton School.
💼 Action for Investors
Investors should view this as a positive move for operational stability, as the company is promoting a high-performer who successfully scaled a key subsidiary. No immediate action is required, but his leadership in manufacturing will be crucial for Exide's future capacity expansions.
Exide Industries Invests ₹180 Crore in Li-ion Subsidiary; Appoints New MD & CEO for EESL
Exide Industries has infused an additional ₹180 crore into its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), bringing its total investment in the entity to ₹4,202.23 crore. The investment is intended to fund EESL's greenfield lithium-ion battery manufacturing project in Bengaluru. Concurrently, the company announced a leadership change, appointing Mr. Pravin Ramchandra Saraf as the MD & CEO of EESL following the resignation of Mr. Mandar V Deo. While EESL remains loss-making with a ₹209.12 crore loss in FY25, the continuous capital infusion highlights Exide's aggressive push into the EV battery ecosystem.
Key Highlights
Infused ₹180 crore into EESL through the subscription of 4.5 crore equity shares at ₹40 each (including premium).
Total cumulative investment in the lithium-ion subsidiary now reaches ₹4,202.23 crore.
EESL reported a turnover of ₹116.89 crore and a net loss of ₹209.12 crore for the financial year ended March 31, 2025.
Mr. Pravin Ramchandra Saraf, Executive Director of Exide Industries, takes over as MD & CEO of EESL effective immediately.
The capital will primarily support the development of the greenfield Li-ion cell manufacturing plant in Bengaluru.
💼 Action for Investors
Investors should track the commissioning progress of the Bengaluru plant as it is the primary driver for Exide's future valuation in the EV segment. The leadership transition at the subsidiary level should be monitored for any impact on project execution timelines.
Exide Industries Infuses ₹180 Crore into Lithium-Ion Subsidiary; Appoints New CEO for EESL
Exide Industries has invested an additional ₹180 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), to fund its greenfield lithium-ion battery project in Bengaluru. This brings Exide's total cumulative investment in EESL to ₹4,202.23 crore, highlighting its aggressive pivot toward the EV battery ecosystem. Alongside the investment, the company announced that Pravin Ramchandra Saraf will take over as MD & CEO of EESL following the resignation of Mandar V Deo. While EESL remains loss-making with a ₹209.12 crore loss in FY25, the continued capital support is essential for its upcoming manufacturing capabilities.
Key Highlights
Invested ₹180 crore in EESL via rights issue of 4.5 crore shares at ₹40 each (including premium).
Total investment in the lithium-ion subsidiary EESL now reaches ₹4,202.23 crore.
Pravin Ramchandra Saraf appointed as MD & CEO of EESL effective immediately.
EESL reported FY25 turnover of ₹116.89 crore and a net loss of ₹209.12 crore.
Capital infusion is specifically targeted at the Bengaluru greenfield plant for battery cell manufacturing.
💼 Action for Investors
Investors should focus on the commissioning timeline of the Bengaluru plant as it is the key catalyst for Exide's future growth. Monitor if the leadership change at EESL impacts the execution speed of this critical project.