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Battery major Exide Industries will rely predominantly on internal accruals to fund the remaining capex for Phase I of its lithium-ion cell manufacturing venture, even as its cash flow from operations dipped in FY25, a company official said. The company reported cash flow of Rs 1,297.9 crore from operations in FY25, down from Rs 1,996.5 crore a year ago, largely due to a sharp rise in receivables and inventory, the official said. Receivables rose to Rs 314 crore from just Rs 13 crore in FY24, while inventory levels more than doubled to Rs 578 crore, exerting pressure on working capital. "The cash flow generation for FY25 was in line with expectations and has lowered mainly due to an increase in working capital, which we look at bringing back to an optimal level in the next 36 months. The operating cash flow (pre-working capital movement) in FY25 was, in fact, better than FY24 by approximately Rs 55 crore," the Exide official told PTI, declining to be quoted. Exide, which invested .
Battery manufacturer Exide Industries on Tuesday said its consolidated net profit declined 22 per cent to Rs 158 crore in the third quarter ended December 31, 2024. The company had reported a net profit of Rs 203 crore in the year-ago period. Revenue from operations rose to Rs 4,017 crore in the third quarter from Rs 3,980 crore in the year-ago period. "Although overall sales remained flattish in the quarter, attributable to a slowdown in government capex and other macroeconomic factors, we observed promising growth in the auto replacement and auto exports market segments," Exide Industries MD & CEO Avik Roy said. Near-term outlook is positive, with replacement markets remaining buoyant and expectation of rebound of government and private capex, which has the potential to drive up industrial demand, he added. Commodity prices are expected to remain broadly stable, Roy stated. "In our lithium-ion cell manufacturing project, construction work is going on in full swing and the team