Exide Industries announced that the Annual General Meeting (AGM) of the company will be held on 3 August 2019.

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Exide Industries announced that the Board of Directors of the Company at its meeting held on 30 April 2019, has recommended a Final dividend of Rs.0.8 per share (i.e.80%), subject to the approval of the shareholders.

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Net profit of Exide Industries rose 11.14% to Rs 210.68 crore in the quarter ended March 2019 as against Rs 189.56 crore during the previous quarter ended March 2018. Sales rose 5.66% to Rs 2598.66 crore in the quarter ended March 2019 as against Rs 2459.41 crore during the previous quarter ended March 2018.

For the full year,net profit rose 26.29% to Rs 844.05 crore in the year ended March 2019 as against Rs 668.35 crore during the previous year ended March 2018. Sales rose 15.26% to Rs 10588.31 crore in the year ended March 2019 as against Rs 9186.32 crore during the previous year ended March 2018.

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Exide Industries Ltd is down for a fifth straight session today. The stock is quoting at 212.1, down 1.37% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.25% on the day, quoting at 11742.45. The Sensex is at 39203.36, up 0.38%.Exide Industries Ltd has lost around 4.93% in last one month.Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has eased around 1.56% in last one month and is currently quoting at 8504.3, up 0.43% on the day. The volume in the stock stood at 25.29 lakh shares today, compared to the daily average of 19.98 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 212.75, down 1.89% on the day. Exide Industries Ltd tumbled 8.16% in last one year as compared to a 15.94% rally in NIFTY and a 23.73% fall in the Nifty Auto index.

The PE of the stock is 24.55 based on TTM earnings ending December 18.

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