Exide Industries Limited — Important, 28-01-2025: Financial Result Updates

Exide Industries Limited reported consolidated financial results for the quarter and nine months ending December 31, 2024.

Revenue from operations reached ₹4,016.72 crore, marking a 0.9% increase year-over-year. The growth was driven by robust demand in the 2W and 4W replacement segments and significant revenue gains from the solar sector, aided by government initiatives. However, muted performance in automotive OEMs affected overall sales negatively.

Net profit after tax for the quarter was ₹158.44 crore, down from ₹202.69 crore in the same quarter last year, with an EPS of ₹1.84. Notably, earnings showed resilience despite a challenging environment, reflecting a focus on cost management and sustaining operating margins. The EBITDA margin improved sequentially to 11.7%, up from 11.3% in the previous quarter.

Operational costs totaled ₹3,791.49 crore, an increase primarily driven by raw material prices and employee benefits, while overall expenses remained under control. The company is significantly investing in its wholly owned subsidiary, Exide Energy Solutions Limited, to enhance its position in the lithium-ion battery market.

Looking ahead, Exide is poised for potential growth with expectations of increased capital expenditures from government and private sectors, which may positively impact demand. Market sentiments are cautiously optimistic, suggesting a hold position for investors as the company continues to navigate challenges while leveraging its market strengths.