Page 5 - Exide Industries

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.

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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

Exide forays into commercial electronic vehicles space, launches e-rickshaw

In the next six months, Exide will be coming up with a lithium-ion variant of the same e-rickshaw which will be priced higher than the existing one

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Exide Industries working on new range of next-gen submarine batteries

It is also developing indigenous Type-IV class submarine batteries and inter-cell connectors, the first set of which has passed all harbour trials after installation on board

Exide Ltd plans to turn Haldia into battery-making hub in South East Asia

Haldia is already a major manufacturing hub for the company, accounting for one-third of its total battery production

Exide charged to accelerate; improvements in products to help market share

The company dominates with a 60% or more market share

Brand row settled, Exide Industries buys sole Indian plant of US namesake

All-cash deal be executed in next 30 days; Sources say move effectively marks the US-based company's exit from India

Exide Q4 net up 15% at Rs 1.9 bn, revenue from operations at Rs 94 bn

The company had posted a standalone net profit of Rs 1.64 billion in the same quarter previous financial year.

Exide Industries Q4 net profit falls 6% even as total income up by 11.3%

Rising lead prices continued to stress both the topline as well as the bottomline of the firm

Exide to spend Rs 1,400 cr to bring world-class technology on board

Ties up with US-based East Penn Manufacturing Company in this regard

Exide Industries dips post June quarter results

In past three-months, the stock had rallied 34%, as compared to 7.5% rise in Sensex till Monday.

Exide Industries Q2 profit up 26% at Rs 196 crore

Banking on cost control and technology upgradation to improve its profit margins, Exide Industries posted an increase of near 26 per cent in its net profit at Rs 196.05 crore for the quarter ended June 30, 2016. The net profit in the corresponding quarter of the last fiscal year stood at Rs 155.71 crore.The company's managing director and CEO, G Chatterjee said demand for both automotive and industrial battery has helped the company perform better as its earnings improved in the quarter under review.Exide Industries posted an increase of 11.66 per cent in its net sales at Rs. 2008.13 crore during the second quarter of the 2016-17 fiscal year as against the Rs. 1806.41 crore turnover in the similar quarter of the 2015-16 financial period.