Exide Industries Ltd Share Price – NSE  / BSE

Auto Ancillaries, Small Cap

Profit before tax advanced 3.71% year on year (YoY) to Rs 399.13 crore in the quarter ended 30 September 2024.

During the quarter, EBITDA rose marginally to Rs 484 crore in second quarter of FY25 as against Rs 483 crore posted in second quarter of FY24.

EBITDA margin has declined to 11.3% in Q2 FY25, compared to 11.8% in same quarter previous year.

The company stated that the two-wheeler and four-wheeler replacement markets experienced robust demand, leading to double-digit revenue growth.

On consolidated basis, Exide Industries' net profit dropped 13.66% to Rs 233.40 crore despite of 1.8% increase in revenue from operations to Rs 4,450 crore in Q2 FY25 over Q2 FY24.

Avik Roy, managing director & chief executive officer, said, “In the first half of the year, we have delivered EBITDA and PBT margin of 11.4% and 9.0%, respectively. Efficient procurement coupled with cost optimisation initiatives has led to stability in operating performance, despite high commodity prices. For the near-term, business outlook is positive and commodity prices have started easing, which is expected to support profitability.”

Exide Industries is primarily engaged in the manufacturing of storage batteries and allied products in India.

Shares of Exide Industries slipped 2.89% to Rs 445.55 on the BSE.

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Net profit of Exide Industries declined 14.15% to Rs 231.28 crore in the quarter ended September 2024 as against Rs 269.40 crore during the previous quarter ended September 2023. Sales rose 1.80% to Rs 4450.00 crore in the quarter ended September 2024 as against Rs 4371.52 crore during the previous quarter ended September 2023.

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Exide Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 472.8, up 1.23% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Exide Industries Ltd has dropped around 7.58% in last one month.

Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has dropped around 12.1% in last one month and is currently quoting at 23588.6, up 0.92% on the day. The volume in the stock stood at 19.16 lakh shares today, compared to the daily average of 53.23 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 473.2, up 1.35% on the day. Exide Industries Ltd is up 85.12% in last one year as compared to a 28.12% spurt in NIFTY and a 49.56% spurt in the Nifty Auto index.

The PE of the stock is 36.38 based on TTM earnings ending June 24.

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Exide Industries has invested Rs 99.99 crore in its wholly owned subsidiary, Exide Energy Solutions (EESL)by way of subscription to rights issue. With this investment, the total investment of the company in EESL stands at Rs 2,852.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition

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