Page 4 - Exide Industries

Exide Industries soars 14% on divestment of life insurance biz to HDFC Life

On the other hand, HDFC Life was down 4 per cent at Rs 728.55 on the BSE on profit booking

Exide Industries may foray into lithium-ion battery manufacturing

The country's largest lead acid battery maker, Exide Industries Ltd, on Tuesday said it is evaluating foray into manufacturing Advance Cell Chemistry batteries, commonly referred to as lithium-ion batteries. To take a final call, the company is waiting for the Productivity Linked Incentive (PLI) details to come. The Centre recently approved a PLI scheme on such batteries. The scheme outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced cell chemistry. We are evaluating installing Advance Cell Chemistry Project. We are waiting for the PLI details as it will act as a sweetner.... It entails huge capex. However, the project viability will depend on future demand for lithium based batteries, Exide MD & CEO Subir Chakraborty said on the sidelines of the company's AGM. Finer details will be worked out later, Chakraborty said. "As a thumb rule for each gigawatt hour capacity cell, the plant will cost about Rs 700

Exide Industries posts consolidated profit of Rs 32 crore in first quarter

Shares of the company on Friday ended 2.44 per cent up at Rs 178.55 apiece on the BSE.

Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide

Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame

Higher cost of lead compounds growth challenges for battery makers

Street prefers Exide to Amara Raja, given the valuation difference

Uncertainties rise as pandemic impacts customer orders: Exide Industries

Exide Industries said uncertainties have increased as customer orders have started getting impacted due to the second wave of COVID-19

Exide Industries Q3 net profit jumps over two-fold to Rs 239.87 crore

Battery maker Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT)

Battery makers charged up for next leg of growth on replacement demand

Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects

Here's a Bull Spread Strategy on Exide Industries by HDFC Securities

Long build up is seen in the Exide Futures' where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent

Exide Industries developing solutions for hybrid, electric vehicles

Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said. "The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting. He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage space and the lithium chemistry domain. Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.

Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

Exide: Replacement demand, undemanding valuations to support revenues

Margins may be under pressure on higher raw material costs

Replacement demand, spurt in UPS sales to support Exide's revenue

Margins, however, could be under pressure on higher raw material costs

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20

Exide Industries slips 8% on weak March quarter results

The automotive sector is facing a lot of challenges due to regulatory changes, technology shifts and demand uncertainty due to which there was a distinct slowdown in auto OE segment, the company said.

Covid-19 impact: Exide cuts pay by 15-30% across cadres, lower staff spared

Situation will be reviewed end of Q1FY21; With no payment coming in from customers, firms has resorted to bank loans to pay salaries

Exide Industries Q3 consolidated net profit declines 17% to Rs 118 cr

Battery maker Exide Industries Ltd on Tuesday reported a 16.76 per cent decline in consolidated net profit at Rs 118.15 crore for the third quarter ended December 31, 2019. The company had posted a consolidated net profit of Rs 141.94 crore in the same period last fiscal, Exide Industries said in a regulatory filing. Revenue from operations during the period under review stood at Rs 3,553.64 crore, as compared to Rs 3,283.4 crore in the year-ago quarter, it added. Commenting on the performance, Exide Industries MD & CEO G Chatterjee said while original equipment manufacturer (OEM) demand for automotive batteries remain subdued, growth in sales of automotive and UPS batteries continue. "Exports also did well. Demand for telecom and other infrastructure batteries were under pressure during the third quarter," he added. The company continues to focus on cost control and technology upgradation, as strategies to improve the bottom-line, Chatterjee further said.

Two stocks that Vaishali Parekh of Prabhudas Lilladher is bullish on

The RSI in Exide's chart is on the rise and looks strong with good volume pick up

Replacement sector fails to power Exide's numbers in September quarter

Firm de-risking business model but pressure on revenue likely in the near term