Exide Industries Ltd Share Price – NSE /  BSE

Auto Ancillaries, Small Cap

Exide Industries has further invested Rs 99.99 crore in the share capital of Exide Energy Solutions (EESL) on rights basis. With this investment, the total investment of the company in EESL stands at Rs 3,052.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

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Exide Industries will hold a meeting of the Board of Directors of the Company on 28 January 2025

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Exide Industries Ltd fell for a fifth straight session today. The stock is quoting at Rs 422.75, down 2.1% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Exide Industries Ltd has eased around 20.29% in last one month.Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 37.26 lakh shares today, compared to the daily average of 37.77 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 424.5, down 2% on the day. Exide Industries Ltd jumped 55.25% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.

The PE of the stock is 33.31 based on TTM earnings ending September 24.

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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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