Exide Industries Q2 results: Battery manufacturer Exide Industries reported a 13.6% decline in its consolidated net profit to ₹233.4 crore for the second quarter of FY 2024-25, down from ₹270.32 crore in the same period last year. This decline was attributed to challenges impacting overall profitability.
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Revenue from operations saw a modest increase of 1.79%, reaching ₹4,450 crore, up from ₹4,371.52 crore year-over-year. Total income for the quarter also rose by 1.8% to ₹4,490.25 crore, indicating steady growth in overall revenue generation despite a slight decline in profit margins.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped by 5.5% year-on-year to ₹472 crore, with the EBITDA margin down by 80 basis points to 10.6%. This reduction reflects ongoing cost pressures affecting the company’s operational efficiency.
Exide Industries’ stock reflected this performance, trading 2.9% lower at ₹445.6 on the NSE and ₹445.5 on the BSE. While the stock has fallen 9.77% in the past month, it has gained 39% year-to-date, showing long-term investor confidence..
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The company highlighted a ₹250 crore investment in Exide Energy Solutions Limited, with an additional ₹100 crore in October 2024. The company will focus on expanding lithium-ion cell manufacturing to strengthen future growth prospects.