Page 3 - Exide Industries

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

Exide hits over 4-year high; surges 23% in one month on positive outlook

Exide said the strong automobile sales augur well for Company as higher vehicle sales not only help the OEM business but also expand the aftermarkets in years to come.

Bull Run: 5 smallcaps hit new 52-week highs; charts show up to 19% upside

Stocks setting new 52-week highs demonstrate aggressive chart structures

Kansai Nerolac, Canara Bank, Mankind Pharma among top stocks to watch today

Stock to Watch on Tuesday, May 9: Canara Bank's net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore in Q4FY23

Exide profit at Rs 180.12 cr in Q4 FY23, number below analyst expectation

Increase in raw material prices hurt profitability on a sequential basis, says battery maker

Exide Q3 net up 11.38% to Rs 199 cr on price hikes, growth across verticals

Revenue from operations rises 6.8% to Rs 3,539 crore on volume growth

Exide posts better-than-expected Q2 net at Rs 246 cr on easing input costs

Analysts on average had expected a profit of Rs 236 crore, according to Refinitiv IBES data

Exide to invest Rs 6,000 crore in setting up lithium-ion unit in Karnataka

Exide Industries expects an annual revenue of Rs 10,000 crore- Rs 12,000 crore in the next 8-10 years from the lithium-ion cell business

Easing commodity prices, supply snags to lift auto ancillary stks: Analysts

Thus far in 2022, key raw materials used in automobile manufacturing like steel, iron ore, aluminum, nickel, and rubber have dropped in the range of 16 per cent to 45 per cent.

Here's why Vinay Rajani is bullish on Exide Industries, Tata Motors DVR

The technical analyst from HDFC Securities foresees the next resistance for the Nifty50 index at 18,114.

Exide Industries Q1 PAT reports six-fold rise to Rs 202.44 crore

Battery maker Exide Industries on Friday reported an over five-fold rise in consolidated net profit after tax to Rs 202.44 crore for the first quarter ended June 30, driven by higher revenue.

India's largest lithium-ion battery plant starts production in Gujarat

The plant, with total installed capacity of 1.5 Gigawatt hours (GWh), has six automated assembly lines on which it will produce batteries for automobiles and energy storage applications

Exide Industries announces investment of Rs 6,000 crore in Karnataka

Exide Industries on Thursday announced an investment of Rs 6,000 crore in Karnataka. This is for setting up one of the largest giga factories for advanced cell chemistry technology. "Exide Industries MD & CEO, Subir Chakraborty, met with Chief Minister (Basavaraj Bommai) this morning for Rs 6,000 crore investment in a Lithium-Ion cell manufacturing giga factory," Department for Industries and Commerce said in a statement. Stating that this will be one of the country's largest giga factories for advanced cell chemistry technology, it said Exide has requested 80 acres of land in the Haraluru Industrial Area near Bengaluru airport. The project is expected to generate 1,200 -1,400 employment opportunities, it added.