Exide Industries Limited — Others, 04-11-2024: Appointment

Exide Industries' Board approved its Q2 FY25 financial results, reporting a 4% revenue rise to ₹4,267 crore, with net profit after tax at ₹298 crore. The company appointed Mr. Jaidit Singh Brar as an independent director, pending shareholder approval. Exide also invested ₹250 crore in its subsidiary, Exide Energy Solutions, aimed at lithium-ion cell manufacturing. The outlook remains positive despite challenges in the Auto OEM sector, supported by improved commodity prices.