Net profit of Exide Industries rose 15.40% to Rs 189.56 crore in the quarter ended March 2018 as against Rs 164.26 crore during the previous quarter ended March 2017. Sales rose 25.83% to Rs 2459.41 crore in the quarter ended March 2018 as against Rs 1954.59 crore during the previous quarter ended March 2017.

For the full year,net profit declined 3.65% to Rs 668.35 crore in the year ended March 2018 as against Rs 693.64 crore during the previous year ended March 2017. Sales rose 21.14% to Rs 9186.32 crore in the year ended March 2018 as against Rs 7583.47 crore during the previous year ended March 2017.

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Exide Industries announced that the Board of Directors of the Company at its meeting held on 07 May 2018, has recommended a dividend of Rs.0.80 per share (i.e.80%), subject to the approval of the shareholders.

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Exide Industries Ltd gained for a third straight session today. The stock is quoting at Rs 251.45, up 1.27% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.08% on the day, quoting at 10748.35. The Sensex is at 35236.89, up 0.22%. Exide Industries Ltd has risen around 7.94% in last one month.

Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has risen around 4.61% in last one month and is currently quoting at 11625.75, up 0.36% on the day. The volume in the stock stood at 12.58 lakh shares today, compared to the daily average of 19.44 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 252.45, up 1.2% on the day. Exide Industries Ltd is up 13.11% in last one year as compared to a 15.43% spurt in NIFTY and a 13.57% spurt in the Nifty Auto index.

The PE of the stock is 31.41 based on TTM earnings ending December 17.

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Exide Industries will hold a meeting of the Board of Directors of the Company on 07 May 2018, inter alia, to consider and approve the audited financial results of the Company for the quarter and financial year ended March 31, 2018 (FY18), and also consider recommendation of final dividend, if any.

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