Battery maker says the Income Tax department has been conducting a survey at its offices and plants since October 29, adds there's no material impact on operations
Breakout stocks: IDBI, Bandhan Bank, Exide Industries, Finolex Industries and Nava have recently witnessed a breakout on their respective technical charts; here's a strategy to trade.
Ajit Mishra, Senior Vice President - Research at Religare Broking, has recommended buying shares of NTPC, Exide Industries, and Marico today
Looking ahead, Nomura maintained its 'Neutral' rating on Exide Industries share, though it raised the SOTP-based target price to ₹404 from ₹392.
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 .
The company's standalone profit after tax fell 10.3% year-on-year to Rs 255 crore ($30.1 million) for the three months ended March 31
The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically
The government decided to remove import duty on EV batteries and mobile phones to help local producers withstand the potential impact of reciprocal US tariffs
LIC Housing Finance stock price has been in a down trend as per the bearish pattern like lower tops and bottoms over the last two months
Budget 2025 analysis: During the Union Budget 2025 speech, Finance Minister Nirmala Sitharaman said today that battery-related raw material will be exempted from custom duties
Exide Industries share price gained 5.3 per cent at Rs 361.60 a piece on the BSE in Wednesday's intraday trade
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
Shares of Exide Industries gained up to 3.83 per cent at Rs 456.80 per share on the BSE in Friday's early morning deals
Stocks to Watch, Dec 20: Exide Industries subsidiary Exide Energy Solutions signs a binding agreement with Hyundai Motor India to supply lithium-ion cells and battery packs for Hyundai's EVs in India
The 'Death Cross' term is used when the stock's 50-DMA falls below 200-DMA; which in general leads to a tepid trend thereafter.
With this investment, the total investment made by Exide Industries in its arm stands at Rs 3,052.24 crore
Battery maker Exide Industries Ltd on Monday reported a 13.66 per cent decline in consolidated profit after tax at Rs 233.4 crore in the September quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 270.32 crore in the same quarter last fiscal, Exide Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review was at Rs 4,450 crore compared to Rs 4,371.52 crore in the year-ago period. Total expenses were higher at Rs 4,157.63 crore against Rs 4,043.57 crore in the same quarter a year ago, the company said. In the second quarter, the two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth, it added. Industrial-UPS and solar also enjoyed strong demand momentum during the quarter. However, the demand scenario was soft in the home-UPS segment due to the early onset of monsoons, Exide Industries said. On the export front, the .
"For the near-term, business outlook is positive and commodity prices have started easing, which is expected to support profitability," said Avik Roy, MD & CEO, Exide Industries
Exide Industries invested over Rs 99 crore in its arm Exide Energy Solutions to fund its green field listed entity project
In general stocks trading above the key moving averages such as the 20-, 50-, 100- and 200-DMAs are considered trading with a bullish bias and vice versa.