Q3 2026 Exide Industries Ltd Earnings Call Transcript
Key Points
- Exide Industries Ltd (BOM:500086) achieved a 5% year-on-year sales growth during Q3, marking the first-ever Q3 where the company crossed a topline of 4,000 crores.
- The company reported a 12% growth in nearly 92% of its business, driven by segments like auto OEM, auto aftermarket, industrial infra, and inverters.
- Exide Industries Ltd (BOM:500086) improved its gross margin by 175 basis points on a sequential quarter basis, aided by cost excellence projects.
- The company ramped up production, leading to higher capacity utilization and a positive impact on the bottom line.
- Exide Industries Ltd (BOM:500086) launched AGM batteries for premium passenger vehicles and plans to announce new inverter battery ranges, catering to both premium and economic segments.
- The telecom and exports businesses experienced a strong decline, contributing to muted headline growth numbers.
- Cost pressures persisted due to increasing raw material prices, particularly metals like silver, tin, copper, and sulfur, which were near all-time highs.
- The weakening of the rupee against the dollar added further pressure to input costs.
- Tariff uncertainties and geopolitical tensions continued to impact the exports business, which remains a work in progress.
- The lithium-ion business is still in the validation phase, with commercial dispatches expected around the end of the fiscal year, subject to customer timelines.
Ladies and gentlemen, good day and welcome to Exide Industries Q3 FY26 earnings conference call hosted by Investec Capital Services.
(Operator Instructions). I now hand over the conference to Mr. Adity Jawar from Investec Capital.
Thank you and over to you, sir.
Thank you. Good afternoon to you all. From Exide Industries, we have with us MD and CEO, Mr. Avik Roy; Director, Finance and CFO, Mr. Manoj Kumar Agarwal; Pravin Saraf MD and CEO of Exide Energy Solutions Limited, President of Legal and Corporate Affairs, and Company secretary, Jitendra Kumar. Before we proceed, here is a disclaimer for the call.
Few statements by the company's management in the call may be forward-looking in nature, and we request you to refer to the disclaimer in the earnings presentation for details. We will start the call with a brief opening remark from the management, followed by Q&A session. I would now like to invite Mr. Avik Roy for the opening remarks.
Thank you and over to you, sir.
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