Exide Industries Limited — Updates, 28-01-2025: Press Release

**Updates:**

Exide Industries Limited's Board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Standalone revenue from operations stood at Rs. 3,848.63 crore, while net profit after tax was reported at Rs. 244.99 crore. The company's cost management has been effective, resulting in a profit before tax of Rs. 325.31 crore. Additionally, Exide has decided to invest up to Rs. 300 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), to support its multi-gigawatt lithium-ion cell manufacturing facility. Notably, Dr. Dipak Sen Chaudhuri and Mr. Arnab Saha have stepped down from senior management roles as of January 28, 2025. The outlook remains positive, with growth driven by robust demand in the automotive aftermarket and solar sectors, despite muted automotive OEM demand and challenges in industrial performance. Investors should watch for developments in government capex and private sector investments that could further bolster growth.