Exide Industries Limited — Board Meeting, 04-11-2024: Outcome of Board Meeting

Exide Industries Ltd reported a 9% growth in Profit Before Tax for the first half of FY2024-25, with Q2 revenue reaching Rs. 4,267 crore. The Board approved the appointment of Mr. Jaidit Singh Brar as an Independent Director for five years. Exide also announced significant investments in its subsidiary, Exide Energy Solutions Ltd, totaling over Rs. 2,852 crore to enhance lithium-ion manufacturing capabilities. Key segments like automotive and industrial witnessed robust demand, while addressing international market potential remained a focus.