Page 2 - Exide Industries

Exide Q1FY25 results: PAT rises 16% to Rs 280 cr, revenue up at Rs 4,313 cr

Battery maker Exide Industries on Tuesday said its profit after tax increased 16 per cent to Rs 280 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 242 crore in the April-June quarter of the preceding fiscal. Its revenue from operations rose to Rs 4,313 crore for the June quarter compared to Rs 4,073 crore in the year-ago period, Exide Industries said in a regulatory filing. "Both automobile and industrial verticals have delivered growth in the current quarter, and near-term drivers are promising," Exide Industries MD and CEO Avik Roy said. Despite rising raw material prices, cost optimisation initiatives led to lower cost of production and gross margin improvement, he added. "In our lithium-ion project, onsite construction and installation of production line equipment is currently underway," Roy said. Shares of Exide Industries ended 3.54 per cent down at Rs 532 apiece on the BSE.

BEML, Exide, Prestige: 5 mid-, small-cap stocks with over 15% downside risk

BEML, Exide Industries, HUDCO, Godrej Properties and Prestige Estates could fall up to 19 per cent from present levels, technical charts suggest.

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Exide Q4 results: Net profit up 2.56% at Rs 184.74 cr, revenue rises 13.49%

The company on Tuesday announced changes in key management positions effective 1 May 2024

Exide Industries Q4 results: PAT up 37% to Rs 284 cr; sales at Rs 4,009 cr

Battery maker Exide Industries on Tuesday said its profit after tax rose 37 per cent to Rs 284 crore for the fourth quarter ended March 31, 2024. The company had reported a profit after tax (PAT) of Rs 208 crore in January-March period of FY23. Revenue from operations rose to Rs 4,009 crore in the period under review from Rs 3,543 crore a year ago. For the year ended March 31, 2024, the company posted a PAT of Rs 1,053 crore as compared with Rs 904 crore in 2022-23. Revenue from operations rose to Rs 16,029 crore as against Rs 14,592 crore in FY23. The company said its board has proposed a final dividend of Rs 2 per share for 2023-24. "Demand scenario was upbeat, and our diversified and technologically advanced product offerings helped us capture the opportunities across end customer markets," Exide Industries MD & CEO Subir Chakraborty said. Outlook is positive both for the automotive and industrial verticals and the company aims to deliver healthy sales growth and increase in

Exide Industries Q4FY24 results: Net profit jumps 36% YoY to Rs 283 cr

Exide Industries Q4 results: The company announced an interim dividend of Rs 2 per share

Hyundai India to have 5 new EVs by 2030, launch first electric SUV in 2024

Company will 'proactively build' charging stations to facilitate the adoption of EVs in country

Battery stocks' rally likely to extend in May after $2 billion surge

Exide and Amara Raja added a combined market value of about $2 bn in April as investors boosted their bets in the nascent clean car market

Hyundai, Kia tie up with Exide for electric vehicle battery localisation

The two auto majors plan to focus on the production of lithium iron phosphate cells. This will make them pioneers in the space

Exide zooms 15%, hits new all-time high on heavy volumes; here's why

According to reports, Hyundai and Kia have entered into an agreement with Exide Energy for electric vehicle (EV) battery localisation in India.

Hyundai, Kia partner with Exide Energy for EV battery localisation in India

South Korean auto majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with homegrown battery maker Exide Energy Solutions Ltd for electric vehicle battery localisation in India. Hyundai Motor Company and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd, a leading Indian battery company, as part of their electric vehicle (EV) expansion plans, Hyundai Motor Group said in a statement. Hyundai Motor and Kia aim to localise their EV battery production, specifically focusing on lithium-iron-phosphate (LFP) cells in line with the expansion of their EV plans for the Indian market, it added. "This strategic move will position them as the pioneers in applying domestically produced batteries in their upcoming EV models in the Indian market," the statement said. India is a key market for vehicle electrification due in part to the government's carbon neutrality goals, which makes securing cost competitivene

Exide, UTI AMC: 5 SmallCaps that hold promise in this market correction

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

Amara Raja jumps 7% to nearly 3-yr high; Exide Ind up 5% on heavy volumes

Amara Raja Energy hit a nearly three-year high of Rs 900 with a 7 per cent gain on the back of an over two-fold jump in average trading volumes

Exide Industries Q3 results: PAT up 2.3% at Rs 203 cr on investment gains

Battery maker Exide Industries Ltd on Wednesday reported 2.3 per cent increase in consolidated profit after tax at Rs 202.69 crore for the third quarter ended December 31, 2023. The company had posted a consolidated profit after tax (PAT) of Rs 198.14 crore in the same quarter last fiscal, Exide Industries said in a regulatory filing. Revenue from operations in the quarter under review was at Rs 3,979.83 crore as compared to Rs 3,538.5 crore in the year-ago period. Total expenses were higher at Rs 3,724.3 crore as against Rs 3,286.36 crore in the same quarter a year ago, the company said. "Demand was positive in both automotive and industrial divisions, and we achieved healthy growth in our key end-customer markets. However, EB/TOA margin was marginally lower than the same quarter in the previous year mainly on account of input cost inflation," Exide Industries MD & CEO, Subir Chakraborty said. In the automotive division, the last few months have seen an uptrend in demand in ...

Exide Industries Q2 result: PAT up 12% to Rs 270 cr, revenue at Rs 4,371 cr

Battery maker Exide Industries Ltd on Monday reported 12.11 per cent rise in consolidated profit after tax (PAT) at Rs 270.32 crore for the second quarter ended September 30, 2023. The company had posted a PAT of Rs 241.12 crore for the year-ago period, Exide Industries said in a regulatory filing. Revenue from operations stood at Rs 4,371.52 crore as against Rs 3,841.13 crore in the corresponding quarter a year ago, it added. Total expenses were higher at Rs 4,043.57 crore as compared to Rs 3,550.31 crore in the year-ago period. "Sales growth of 10 per cent during the quarter was broad-based with both automotive and industrial verticals growing at a healthy pace. Input costs were slightly lower, and this, along with effective cost optimization initiatives, aided growth in profit," Exide Industries MD and CEO Subir Chakraborty said. During the second quarter, in the automotive division, demand started to pick up both with OEMs (Original Equipment Manufacturers) and in the replacem

Exide Industries invests Rs 100 cr in advanced chemistry battery cell arm

Battery maker Exide Industries Ltd on Thursday said it has invested over Rs 100 crore in its wholly-owned arm Exide Energy Solutions Ltd, which is into manufacturing of advanced chemistry battery cells. In a regulatory filing, Exide Industries said it made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights basis. There is no change in the shareholding percentage of the company in EESL pursuant to such acquisition, it said. EESL has a paid up equity share capital of Rs 374.40 crore as on date with net worth of Rs 655.20 crore as on March 31, 2023 and it posted a net loss of Rs 59.81 crore in the year ended March 31, the filing added. The company is into manufacturing battery cells of advanced chemistry and form factor, including but not limited to cylindrical, pouch, prismatic battery cells as well as manufacturing, assembling, selling battery modules, battery packs and other related activities, the company said.

Exide Industries to start lithium-ion cell project's phase-1 by FY25-end

The growing interest in electric vehicles is fuelling global demand for automotive lithium-ion batteries, it's worth noting

Exide Industries expects to regain pre-covid EBITDA margin in 1-2 years

Storage battery major Exide Industries Ltd on Tuesday said it expects to regain its pre-covid EBITDA margin of 13-14 per cent in the next one to two years. The company's current EBITDA margin is 10.6 per cent, as input costs have remained erratic. "We are seeing a revamp in demand after Covid and expecting both automotive and industrial verticals will do well. However, it will take another one to two years to get back to the pre-covid level of margin," Exide Industries MD and CEO Subir Chakraborty said. Speaking about the company's Rs 6,000 crore 12GW lithium-ion cell manufacturing plant near Bangalore, Chakraborty said it is progressing well. He said the company remains unperturbed about the emerging alternative technologies, given the growth of the storage battery market and that all technologies will be required. Commercial production in the Bangalore plant will begin in 2024-25, attracting an estimated capex of Rs 4,000 crore. Chakraborty said the company has received very .

Exide Industries rallies 7%, inches to record high on improved Q1 earnings

Steady sales expansion in key verticals along with cost optimisation benefits resulted in healthy EBITDA growth.

Exide Q1FY24 results: Net profit at Rs 241 cr YoY; revenue up 4.2%

On a quarter-on-quarter basis, the revenue for operations was up 14.94% at Rs 3,542.96 crore